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Time and Price Forecasting

  • #4,721
  • Jul 13, 2022 11:09am Jul 13, 2022 11:09am
picture perfect short of the nifty 50 resistance....and upper channel resistance on the CMA
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  • #4,722
  • Jul 13, 2022 2:52pm Jul 13, 2022 2:52pm
Quoting Swede
picture perfect short of the nifty 50 resistance....and upper channel resistance on the CMA {image}
What did you mean by nifty 50?
  • #4,723
  • Jul 13, 2022 3:36pm Jul 13, 2022 3:36pm
Quoting badcatstealf
{quote} What did you mean by nifty 50?
Its just one of the areas I consider as confluence, a price level along with additional data before I pull the trigger on an intraday trade. Price tends to react strongly at two levels on a chart....at Big Round Numbers (3-4 zeros) like 121000, 122000, or 120000 and at one half the Big Round Nmber. If you look closely at the chart that was posted you will see a small dotted line, the 50% of a Big Round Number, and a slotted line which is the stronger Big Round Number.

Attached is a 30 min chart with these levels clearly shown, and note how price often reacts at these levels. Of course there is more too it, but it often tells me to begin to watch for a turn around level.......so far on the trade posted it produced a 60 pip win....and this can happen several times a week...
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  • #4,724
  • Jul 13, 2022 4:01pm Jul 13, 2022 4:01pm
Quoting OAPDave
{quote} Swede Having a think about what you have mentioned Liquidity Levels ? {image}
Those who make the market rely on the movement of money. Especially so when the market is really slow, you can see where they want to push the market even on the 1 min chart.........But I can assure you they really want to move the market to the larger swing area for much larger returns.

So, it the first thing we do on the day we are trading is to just have a look at the larger timeframes and mark off where price may go to clear stops, clear limit orders, get more activity by having traders jump on board in the wrong direction and trapping them...(very few break out trades are real break outs) trapping a trader who is caught long when they should be short, or vice versa, can lead to big profits for market makers.

Anyway, if you look at the same chart I showed on my last post...the gold are where the market reverses, the green is where market retested, cleared, and then reversed ......its where the real dollars are and they are not hard to spot if we take the time.

The trade today was as clear as a bell, a no brainer, small stop and small risk.....
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  • #4,725
  • Edited 4:49pm Jul 13, 2022 4:24pm | Edited 4:49pm
Quoting OAPDave
{quote} Nice post Well explained {image} {image}
Well, this is nothing I invented, it’s as old as trading itself but with all the indicators, all the complicated methods, all the focus on everything but price and reactive areas, we tend to miss the fundamentals, I can assure you the big players in this game ONLY look at the levels shown on the last chart. They don’t give a crap about a fancy chart, they want to only know where they can stir up trouble, trouble for the retail trader that is. Lol.
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  • #4,726
  • Jul 13, 2022 4:52pm Jul 13, 2022 4:52pm
Quoting Swede
{quote} Well, this is nothing I invented, it’s as old as trading itself but with all the indicators, all the complicated methods, all the focus on everything but price and reactive areas, we tend to miss the fundamentals, I can assure you the big players in this game ONLY look at the levels shown on the last chart. They don’t give a crap about a fancy chart, they want to only know where they can stir up trouble, trouble for the retail trader that is. Lol. {image}
I'm thinking
you have a
John Deere
ROCK TRUCK
  • #4,727
  • Jul 13, 2022 4:53pm Jul 13, 2022 4:53pm
Quoting Swede
picture perfect short of the nifty 50 resistance....and upper channel resistance on the CMA
Hi Swede,

Leading stock market index in India is called as Nifty 50 ,

here is your favorite MSJ Grid on Dow Jones
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Regards.
same image got uploaded twice, unable to remove 1.
  • #4,728
  • Jul 13, 2022 8:02pm Jul 13, 2022 8:02pm
Quoting OAPDave
{quote} I'm thinking you have a John Deere ROCK TRUCK
I wish....but I will be in Alaska next month, maybe I can find a vein to mine....I’ll call you if I do, I will need a bit of a loan...lol
  • #4,729
  • Jul 13, 2022 10:45pm Jul 13, 2022 10:45pm
Quoting maneverfix
{quote} Hi Swede, Leading stock market index in India is called as Nifty 50 ,
That's what I was wondering, and asked what he meant. But in return got some nice knowledge.
  • #4,730
  • Jul 13, 2022 10:46pm Jul 13, 2022 10:46pm
Quoting maneverfix
{quote} Hi Swede, Leading stock market index in India is called as Nifty 50 , here is your favorite MSJ Grid on Dow Jones {image} Regards. same image got uploaded twice, unable to remove 1.

I also use TV. Can you please teach what procedure you used to draw that gann box?
  • #4,731
  • Jul 14, 2022 10:36am Jul 14, 2022 10:36am
Quoting badcatstealf
{quote} I also use TV. Can you please teach what procedure you used to draw that gann box?
@badcatstealf,

drawing MSJ Grid is very easy in TV, most important part is getting "IMPULSE" right. Search for posts by Swede in this thread it self, he has made numerous posts on impulse.

Here is step 1:
Find an impulse and draw Gann Box

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Step 2:
Draw Gann Fan
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add 2 trendlines shown in thick black
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done.
  • #4,732
  • Jul 14, 2022 11:16am Jul 14, 2022 11:16am
Late session trade.....based on divergence, upper channel failure, over all trend, and look at the usdx....it was bouncing...

Net result + 25 pips in the bank.....
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  • #4,733
  • Jul 14, 2022 11:17am Jul 14, 2022 11:17am
Quoting maneverfix
{quote} @badcatstealf, drawing MSJ Grid is very easy in TV, most important part is getting "IMPULSE" right. Search for posts by Swede in this thread it self, he has made numerous posts on impulse. Here is step 1: Find an impulse and draw Gann Box {image} Step 2: Draw Gann Fan {image} add 2 trendlines shown in thick black {image} done.
Thanks mate for your help. That 2 trendlines are the half of 1/1 and 1/2, 1/1 and 2/1 gann fan angles? If not, what rule you used 2 draw them using box and fann?
  • #4,734
  • Edited 12:00pm Jul 14, 2022 11:19am | Edited 12:00pm
Quoting OAPDave
If only I believed The Trend is your Friend !!! {image} {image} {image}
You can believe if you use the daily, 1 hour, 30 min to define trend...then take the trades on the 1 min when it shows itself to still be in place...just my 2 pips, or at least that is how I do it......

Here is a counter trend based on 3 things.....center channel reversion, clear divergence, and Heiken color change...but cant be greedy on these or we eat them....so only 11 pips banked.. and without saying it...Big Round Number failure played into my decision to close also..

edit....reason you cant get greedy on counter trend trade....look what happens a few min later....lol
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  • #4,735
  • Jul 14, 2022 12:00pm Jul 14, 2022 12:00pm
Quoting badcatstealf
{quote} Thanks mate for your help. That 2 trendlines are the half of 1/1 and 1/2, 1/1 and 2/1 gann fan angles? If not, what rule you used 2 draw them using box and fann?
Just connected points shown in red circles

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  • #4,736
  • Jul 14, 2022 12:14pm Jul 14, 2022 12:14pm
Quoting maneverfix
{quote} Just connected points shown in red circles {image}

Got it. Thanks. If I asked it before, I could make money from BNF. I see now why my trades failed. Things are so clear in your posted chart man. I blew so many times just for this Bank Nifty. I love its momentum, but it hates me. Jokes apart you taught me nice thing. I was always fascinated by these Gann tools in TV. But struggled to use them correctly. Now next mission is how to identify the impulsive spots in stocks.
  • #4,737
  • Edited 2:58pm Jul 14, 2022 1:42pm | Edited 2:58pm
Trading View EURUSD 1 mn

Simplistic using the Drawing tool Trend Angle

Black dashed 45 °
Green Full 34 ° ( 33, 75°)
Red Dashed 23° '(22,5°)
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  • #4,738
  • Edited 3:27pm Jul 14, 2022 2:11pm | Edited 3:27pm
Quoting parisboy
Trading View EURUSD 1 mn Simplistic using the Drawing tool Trend Angle Black dashed 45 ° Grenn Full 34 ° ( 33, 75°) Red Dashed 3° '(22,5°) {image}
mt4 view

Or, use the 5 CMA Parisboy focal point chart....dead accurate

And Adding the Grid gives another perspective....note 1 x 1 failure
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  • #4,739
  • Jul 14, 2022 3:08pm Jul 14, 2022 3:08pm
Quoting badcatstealf
{quote} Got it. Thanks. If I asked it before, I could make money from BNF. I see now why my trades failed. Things are so clear in your posted chart man. I blew so many times just for this Bank Nifty. I love its momentum, but it hates me. Jokes apart you taught me nice thing. I was always fascinated by these Gann tools in TV. But struggled to use them correctly. Now next mission is how to identify the impulsive spots in stocks.
Don't rush,
take sometime, go thru all posts by Diamond Miner, Swede and Parisboy, in this thread and from this https://www.forexfactory.com/thread/...kins-teachings thread.

Take notes with charts, Swede has taken lots of time and efforts to explain most of MSJ techniques. Practice them and apply to the charts.
  • #4,740
  • Jul 15, 2022 7:46am Jul 15, 2022 7:46am
BTCUSD 1 mn

Descending 45° Angle (dashed red)

Ascending 45 ° Angle (dashed Black)

Ascending 11.25° Angle (dashed ocre)

Ascending 67.5° Angle (dashed Red)
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