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Time and Price Forecasting

  • #4,761
  • Jul 21, 2022 4:38am Jul 21, 2022 4:38am
Quoting Swede
{quote} No, there has to be a series of waves to form and Elliot Wave......this is simple math at work, Jenkins calls it squaring the range.....the theory is an Impulse Wave carries the DNA of future moves expressed using diagonals....and the 1 x 1 tends to be the best signals......( I misslabled the chart attached, should have read 1 x 1, not 1x4) Note the powerful effect it had, all coming from the DNA of the Left Hand Side of the Grid.. edit.....with all of this in mind, remember the diagonal is just a line, like fib levels, horizontal levels,...
Yes yes. Here is one more stock I traded. Thanks guys. Blew lot of money and now getting to know some market math.
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  • #4,762
  • Jul 21, 2022 5:42am Jul 21, 2022 5:42am
Quoting Swede
{quote} Absolutly, totally agree with you 100%.....or should I say 161.8% lol
Swede let's go deeper in the reasoning. They are all bullsitters Gann, Prechter, Nealy, Wilders, Martin Armstrong etc. They all use bullshitting techniques . It comes with the territory of financial analyst, adviser etc.

But we have too be fair , they are little fishes.

Consider the banks . The real sharks or whales. In 1970's in France came for the public of idiotic basic investors the notion of PER (Price Earning Ratio)

At the Time Stocks were divided on 2 groups : the old one and the new one (the growth companies )

in the old group you had the traditional corporations, the solid not exciting ones (steel, shipbuilding, railways, coal etc). This old group gave you dividends 2 to 4 % for the best years and compagnies.

The second group was more modern, more fashionable - computers, hypermarket, broadcasting etc. The general idea was . "You will get no dividends (sometimes 5 cents for a share) but you will make huge profits in capital due to the growth of their share value in the market. At the time such "acceptable" PER was 10 to 15. 15 years of average benefits to repay what you payed for a share.

But in 2000 the same guys or their cousins in the same banks or financial institutions sold the sucker investor internet shares with a PER at 600 without blinking an eye. Ts not it real bullshit and bullshitters ?
  • #4,763
  • Jul 21, 2022 5:52am Jul 21, 2022 5:52am
That was a valid entry, though I wouldn't have, because on Thursday's, I trade at different times. I have my own times for each specific day of the month. Saturday and Sunday for BTC, even then I have set times for those instruments.

From another thread : have you detected the bullshitting technique ?
  • #4,764
  • Jul 21, 2022 6:05am Jul 21, 2022 6:05am
Based on my understanding of his method, when you have your levels marked on the hourly time frame, wait for a shoulder to form at a level, that is candle closing around the level, which is the the first leg shoulder. Now, wait for another hourly candle to break the shoulder high/low; thus forming the head. Immediately this has happened, take your reversal trade, by the third hourly, at the high/low of the first shoulder.

a typical answer the "guru" just gives general direction, counsel, advice. And answering to the question of another follower the hooked follower gives his own interpretation of the guru's thought.
  • #4,765
  • Jul 21, 2022 9:32am Jul 21, 2022 9:32am
indeed....got in a bit late, only 2 lots....so far up 25 and 21...will see what the rest of the day brings.
  • #4,766
  • Jul 21, 2022 10:16am Jul 21, 2022 10:16am
Quoting Swede
{quote} No, there has to be a series of waves to form and Elliot Wave......this is simple math at work, Jenkins calls it squaring the range.....the theory is an Impulse Wave carries the DNA of future moves expressed using diagonals....and the 1 x 1 tends to be the best signals......( I misslabled the chart attached, should have read 1 x 1, not 1x4) Note the powerful effect it had, all coming from the DNA of the Left Hand Side of the Grid.. edit.....with all of this in mind, remember the diagonal is just a line, like fib levels, horizontal levels,...

I trade stocks, so it is so much hard to navigate through all the 150 stocks I have in watchlist and find out if they have any impulse previous days. Is there any easy trick to filter them by impulses ? I am right not have no idea. But still thinking. Filtering stocks are hard to day trade, than trading.
  • #4,767
  • Jul 21, 2022 10:37am Jul 21, 2022 10:37am
Quoting badcatstealf
{quote} I trade stocks, so it is so much hard to navigate through all the 150 stocks I have in watchlist and find out if they have any impulse previous days. Is there any easy trick to filter them by impulses ? I am right not have no idea. But still thinking. Filtering stocks are hard to day trade, than trading.
Use Gann Angles Long Term Mid Term Short term

It is a screening question

Is your stock above or under the 1 x 1 Angle ?
Attached File(s)
File Type: pptx 4 ANGLES DE GANN (1x3) ENGLISH 27.pptx   4.3 MB | 516 downloads
File Type: pptx 4 ANGLES DE GANN (2x3) ENGLISH 27.pptx   1.3 MB | 368 downloads
File Type: pptx 4 ANGLES DE GANN (3x3) ENGLISH 27.pptx   2.5 MB | 399 downloads
  • #4,768
  • Jul 21, 2022 11:47am Jul 21, 2022 11:47am
Quoting parisboy
{quote} Use Gann Angles Long Term Mid Term Short term It is a screening question Is your stock above or under the 1 x 1 Angle ? {file} {file} {file}
Can I assume the New Book is progressing well ?

Hope I can have a signed copy

  • #4,769
  • Jul 21, 2022 12:09pm Jul 21, 2022 12:09pm
Quoting parisboy
{quote} Use Gann Angles Long Term Mid Term Short term It is a screening question Is your stock above or under the 1 x 1 Angle ? {file} {file} {file}
How to check that? I mean do I need to drawn a gann fan from ATH or ATL and see where it is heading?
  • #4,770
  • Jul 21, 2022 2:36pm Jul 21, 2022 2:36pm
Quoting badcatstealf
{quote} How to check that? I mean do I need to drawn a gann fan from ATH or ATL and see where it is heading?

do your own homework. Try the various options. Choose what fits you the bet
  • #4,771
  • Jul 21, 2022 3:08pm Jul 21, 2022 3:08pm
Quoting Swede
{quote} There is quite a bit of information in the Michael Jenkins thread on properly drawing and measuring out the impulse wave.{image}
Could you point me to that thread?
  • #4,772
  • Jul 21, 2022 3:55pm Jul 21, 2022 3:55pm
Quoting badcatstealf
{quote} Could you point me to that thread?
Ff search function Micheal S Jenkins. It’s in the commercial section,
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  • #4,773
  • Jul 21, 2022 10:18pm Jul 21, 2022 10:18pm
I don't normally trade Asia, but when I saw the last ditch effort to try and reach the Really Big Round Number (three 000) at the end of the NY session, I had to take a small risk knowing this would reverse during Asia and maybe even London session....anyway, my point is, whatever you trade, whatever method you use, there is a least One Very NIce Trade Daily if you watch the BRN's.

Hey, it pays for a tank of gas, and now days that is becoming a big deal...lol

Result +25 +20 +14 and next to nothing risk.
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  • #4,774
  • Jul 22, 2022 4:27am Jul 22, 2022 4:27am
Based on learnings here got nice trades today 1 order (coforge) didn't fill, my morning trade... If it was filled then I almost got the low, later 2 tyrades INDIGO and TCS I don't even need to take.

coforge raiiled till EOD

Great learnings from you guys. As you do forex, I am pasting stocks screenshots out of blust. Hope no one mind here. If it is wrong, please tell me, I will stop posting.
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  • #4,775
  • Jul 22, 2022 5:31am Jul 22, 2022 5:31am
Quoting badcatstealf
Based on learnings here got nice trades today 1 order (coforge) didn't fill, my morning trade... If it was filled then I almost got the low, later 2 tyrades INDIGO and TCS I don't even need to take. coforge raiiled till EOD Great learnings from you guys. As you do forex, I am pasting stocks screenshots out of blust. Hope no one mind here. If it is wrong, please tell me, I will stop posting. {image} {image} {image}
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  • #4,776
  • Jul 22, 2022 9:34am Jul 22, 2022 9:34am
Quoting parisboy
{quote} {image}

What did you want to say in this chart ? Sorry me noob. Could you explain ?
  • #4,777
  • Edited 11:58am Jul 22, 2022 10:19am | Edited 11:58am
An amplitude trade...based on an overshoot spike and clear resistance zone....hoping for a test of the big round number, this time from above, which hasn't happened for awhile lol
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  • #4,778
  • Jul 22, 2022 10:26am Jul 22, 2022 10:26am
Or....maybe this is support based on the focal point....we shall see
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  • #4,779
  • Jul 22, 2022 11:01am Jul 22, 2022 11:01am
follow up...closed one half at +44 pips.....holding a runner for the next level if it makes it, but will not hold over the weekend
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  • #4,780
  • Jul 22, 2022 11:47am Jul 22, 2022 11:47am
Quoting Swede
follow up...closed one half at +44 pips.....holding a runner for the next level if it makes it, but will not hold over the weekend {image}
Got to be honest of all the things Parisboy as shown us
I have just never fell in love with the Focal Points
anyway
Rinse & Repeat
Well Done
Again
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