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Time and Price Forecasting

  • #4,381
  • May 30, 2022 9:28am May 30, 2022 9:28am
What about this guys, is this somehow correct? At least? Damn working with MT4 again... I don't even know where everything I used is...



SF
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  • #4,382
  • Edited 12:07pm May 30, 2022 11:53am | Edited 12:07pm
Quoting Swede
{quote} But just be very careful using a 5 min chart on such a volatile commodity as WTI.

WTI 1 mn
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  • #4,383
  • Edited 12:06pm May 30, 2022 11:54am | Edited 12:06pm
WTI 5 mn
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  • #4,384
  • May 30, 2022 11:56am May 30, 2022 11:56am
WTI 30 mn
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  • #4,385
  • May 30, 2022 12:00pm May 30, 2022 12:00pm
WTI 1 H
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  • #4,386
  • Edited 7:34pm May 30, 2022 6:29pm | Edited 7:34pm
Quoting SilentFather
What about this guys, is this somehow correct? At least? Damn working with MT4 again... I don't even know where everything I used is... SF {image}
No, the starting point of this method is to identify the prominent impulse wave, only then place the grid over the wave, why? Because the DNA of future moves is measured from the strength of a correction or major swing.....just placing the grid over price action gives you nothing of real value.

ps...nice short as price broke the 1 x 1
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  • #4,387
  • May 30, 2022 7:42pm May 30, 2022 7:42pm
same trade but using the 15 min chart...
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  • #4,388
  • Edited 5:12am May 31, 2022 4:31am | Edited 5:12am
Quoting SilentFather
What about this guys, is this somehow correct? At least? Damn working with MT4 again... I don't even know where everything I used is... SF {image}
SilentFather , IMHO you should not use Swede's grid only, but together with the other tools available.

First you should use the EnvelopesTriad. The Envelopes are also based on the same Octave principle as Swede's grid.

What are the main advantages of the Envelopes Triad for a Trader ?

a) Envelopes underline and clarify the Trend within Price Action
b) Envelopes classify and hierarchize the Waves existing within Price Action Trend
c) Envelopes give the Trader an excellent approximation of the Amplitude of the hierarchized Trends
d) Envelopes allow you to identify the Existence and determine the Amplitude of the Underlying Trend - the Trend which is the sum of all Cycles / Waves whose Amplitude is greater than the biggest Envelope on your Chart (the Envelope 256 (brown))
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  • #4,389
  • Edited 4:52am May 31, 2022 4:40am | Edited 4:52am
b) Envelopes classify and hierarchize the Waves existing within Price Action Trend
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  • #4,390
  • May 31, 2022 4:46am May 31, 2022 4:46am
c) Envelopes give the Trader an excellent approximation of the Amplitude of the hierarchized Trends

The chart hereunder shows you that most of Shorter Trend Movement (Envelope 32 - blue) have an Amplitude of 2 x 0,00078125 = 0,0015625
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  • #4,391
  • May 31, 2022 4:51am May 31, 2022 4:51am
c) Envelopes give the Trader an excellent approximation of the Amplitude of the hierarchized Trends

The chart hereunder shows you that most of Longer (Envelope 256 - brown) Trend Movement have an Amplitude of 2 x 0,003125 = 0,00625

Note that 0,00625 = 8 x 0,00078125
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  • #4,392
  • May 31, 2022 4:59am May 31, 2022 4:59am
d) Envelopes allow you to identify the Existence and determine the Amplitude of the Underlying Trend - the Trend which is the sum of all Cycles / Waves whose Amplitude is greater than the biggest Envelope on your Chart (the Envelope 256 (brown))

On the Charthereunder the Amplitude of the Envelope 256 (brown) is of 3 Price Intervals.

The Amplitud of the Underlying trend is of 13 / 14 Price Intervals.

Hence the Influence of the Underlying Trend on Price Action is 4 / 4,5 times more important than that of Envelope 256 Trend
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  • #4,393
  • May 31, 2022 5:09am May 31, 2022 5:09am
15 mn chart

Can you identify which is important and which is not ?

Quoting Swede (post 4386) :

No, the starting point of this method is to identify the prominent impulse wave, only then place the grid over the wave, why? Because the DNA of future moves is measured from the strength of a correction or major swing.....just placing the grid over price action gives you nothing of real value
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  • #4,394
  • May 31, 2022 5:32am May 31, 2022 5:32am
Quoting parisboy
15 mn chart Can you identify which is important and which is not ? Quoting Swede (post 4386) : No, the starting point of this method is to identify the prominent impulse wave, only then place the grid over the wave, why? Because the DNA of future moves is measured from the strength of a correction or major swing.....just placing the grid over price action gives you nothing of real value {image}
Crude 5 mins today- Swede's method:

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  • #4,395
  • May 31, 2022 12:04pm May 31, 2022 12:04pm
For those who would like a step by step grid illustrations, go to post 3502,3,4,5,6 in this thread. It explains how to set up the grid to be most effective. This is a very uncomplicated method and can be stand alone, too many indicators and methods combined only lead to confusion imho. I find running more than just a few envelope charts eat up cpu like crazy and is much better if you use Tradingview.
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  • #4,396
  • May 31, 2022 12:08pm May 31, 2022 12:08pm
Quoting aptx
{quote} Crude 5 mins today- Swede's method: {image}
The method is Parisboy 5 cma.....I just suggested dividing the swing by 8 to gauge potential occilation areas.

Btw....perfect focal points on your chart...very nice
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  • #4,397
  • May 31, 2022 1:12pm May 31, 2022 1:12pm
Quoting Swede
{quote} No, the starting point of this method is to identify the prominent impulse wave, only then place the grid over the wave, why? Because the DNA of future moves is measured from the strength of a correction or major swing.....just placing the grid over price action gives you nothing of real value. ps...nice short as price broke the 1 x 1 {image} {image}
I got it. My bad. I should have read it again before trying. Thank You

SF
  • #4,398
  • May 31, 2022 5:57pm May 31, 2022 5:57pm
Quoting Swede
For those who would like a step by step grid illustrations, go to post 3502,3,4,5,6 in this thread. It explains how to set up the grid to be most effective. This is a very uncomplicated method and can be stand alone, too many indicators and methods combined only lead to confusion imho. I find running more than just a few envelope charts eat up cpu like crazy and is much better if you use Tradingview. {image}
Swede
My apologies did not mean to confuse anyone with my Octave posts or get in the way of what you are showing with the Grid Box
So deleted posts and yes the Grid Box can be traded alone
Keep up the good work
Dave
  • #4,399
  • Edited Jun 1, 2022 10:13am May 31, 2022 8:08pm | Edited Jun 1, 2022 10:13am
I think you misinterpreted my intention.....its all about mt4 and its limitations. I was mainly referring to Alain's envelopes and CMA.s....which I totally get and have absolutely nothing against what so ever. His comments about using all the tools is fine for him, or others who have the expertise to trade his methods and have a platform that can handle the indicators properly...Mt4 is not it.....That comes from the hundreds of hours I have spent to set up envelopes mt4 only to witness tons of problems' with using this platform. And when you need to toggle to the next time frame, everything needs to be re set again, and it is very cumbersome, time consuming, and unless your trading just one instrument it becomes exhausting to keep up.....

What Im trying to get across is there is a time and place for mt4......Levels, Diagonals, Fibs, all work perfectly fine with mt4. Indicators like Murray Math or Pivots work fine on mt4, simple moving averages work fine with mt4, but once you get into multi envelopes on multi time frames not so good.

There is a reason so few attempt to use the envelope method in this forum....some try, but do you see them around for more than one or two posts?

It was Bruce Lee who said "I fear not the man who practiced 10000 kicks once, but I fear the man who has practiced 1 kick 10000 times"

The point is, I am trying to show those who are interested that mt4 can work just fine but it has limitation , so practice 1 method, 10000 times and you will become a very successful trader.
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  • #4,400
  • Jun 1, 2022 12:41am Jun 1, 2022 12:41am
Quoting Swede
I think you misinterpreted my intention.....its all about mt4 and its limitations. I was mainly referring to Alain's envelopes and CMA.s....which I totally get and have absolutely nothing against what so ever. His comments about using all the tools is fine for him, or others who have the expertise to trade his methods and have a platform that can handle the indicators properly...Mt4 is not it.....That comes from the hundreds of hours I have spent to set up envelopes mt4 only to witness tons of problems' with using this platform. And when you need...
Amazing words Swede. I have been studying markets for the last 8 years. Most of 7.5 years have been fruitless with hits and misses. Last 6 months have been more like seeing a flickering light somewhere in the distance. These days all I look for is a simple method/ tool which I can apply to a chart in the morning, take a trade or two and shut down. No complicated theories, no Gann astrology, etc. The simpler the method the better.
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