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Time and Price Forecasting

  • #4,781
  • Edited 1:46pm Jul 22, 2022 11:56am | Edited 1:46pm
Quoting OAPDave
{quote} 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
They are a bit fiddly, I think the envelope method would be clearer here, but the Tillman channel drawn of the 256 works very well when measuring amplitude, especially if one stays with the 1 hr and up charts. The shorter timeframe not so much, at least I find that with GBP.

interesting affect on news....good Pmi numbers on Gbp, then at 9:45 Eastern US Pmi reports poor numbers,and Gbp popped 50 pips, but then began selling strongly, one would wonder why......read below clears up the seeming discrepancy....always good to stay on top of reports during US sessions.
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  • #4,782
  • Jul 22, 2022 12:47pm Jul 22, 2022 12:47pm
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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  • #4,783
  • Edited 6:56pm Jul 22, 2022 1:55pm | Edited 6:56pm
Have to leave and unable to manage trade further, so being late in the session I shall close the last of the runner at minor support, ending the day with +43 and +75 with no heat on the trade....
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  • #4,784
  • Jul 26, 2022 9:46am Jul 26, 2022 9:46am
a Jenkins group on Discord

https://discord.gg/rgd2exVY8t
  • #4,785
  • Jul 29, 2022 4:57pm Jul 29, 2022 4:57pm
I recall Beck's emblem was used here, I've made some updates that may make it easier to use, that I'll link here too. I think the most useful update is the emblem draws outside the visible chart, which wasn't supported earlier.

https://www.forexfactory.com/thread/...5#post14083665
  • #4,786
  • Aug 7, 2022 9:44am Aug 7, 2022 9:44am
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.
Quoting Swede
{quote} There is quite a bit of information in the Michael Jenkins thread on properly drawing and measuring out the impulse wave. I looked at the one you presented a few post back and the most powerful, the 1 x1 was bang on...look what happened to price as the level was challenged. So, the complete wave should be measured if I hear you correctly. {image}
hey swede... can you kindly explain plus and minuses of jenkin (gann box and fan) because you had good experience with it.
which timeframe you think is suitable for it...
also tell your opinion about the mt4 indicator... which one is better for this purpose... grid box or michael jenkin secret angle.
  • #4,787
  • Aug 7, 2022 11:50am Aug 7, 2022 11:50am
Quoting Sincere007
{quote} {quote} hey swede... can you kindly explain plus and minuses of jenkin (gann box and fan) because you had good experience with it. which timeframe you think is suitable for it... also tell your opinion about the mt4 indicator... which one is better for this purpose... grid box or michael jenkin secret angle.
I appreciate your question because it shows your interest and your curiosity, which usually leads to an answer you formulate your decisions from.

Look, I don't care who you read, Jenkins, Gann, Hurst, Murray.....without exception, every one of them base their so called methods/indicators/moving averages are all based on one simple fact....price tends to react to a series of numbers, or divisions, extensions etc. that being 0, 12.5, 25, 37.5, 50...etc, or the fibonaccie series..... you get the picture. So, how do we use these facts? How do we represent these on a price chart?

A simple answer is watch how Tony123 represents these levels and their reactions, he has developed a method that is exceptional, watch Parisboy and how he represents Center Moving Averages and what they tell us....and practice until your eyes water....it will pay you big rewards...

Now, I must tell you a secret....I use the Grid jeanlouie so graciously developed for us when the Jenkins thread was active....I will be using that grid in the background on every trade I will ever make because in its simplicity it does all the heavy lifting, giving a one glance view of price and where it is reacting.
For example, look at the chart below, notice anything about the division of the first wave establishing A to B and subsequent moves? You do this for yourself, not to answer me....experiment with the grid, but always from a starting point, swing high, swing low, etc.
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  • #4,788
  • Aug 7, 2022 12:26pm Aug 7, 2022 12:26pm
One of the most basic concepts using the grid or any measurement is to understand the DNA of all future moves is usually represented by the high and low swing, but also the Time it took to get there....Notice by placing the grid over the DNA, making sure the time and the price extentions are all the same....notice how this grid tells you Time is up and expect a change of direction, or a continuation of direction.

This isn't a dream.....you can see it for yourself on this chart.....but, I must recommend as a minimum a 4 hour chart.....time is nebulous on the smaller time frames.

So, again, this is about you the trader learning how to use the tools...AND THIS IS THE MOST BASIC, BUT I MUST SAY VERY ACCURATE.
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  • #4,789
  • Aug 7, 2022 12:33pm Aug 7, 2022 12:33pm
Quoting Sincere007
{quote} {quote} hey swede... can you kindly explain plus and minuses of jenkin (gann box and fan) because you had good experience with it. which timeframe you think is suitable for it... also tell your opinion about the mt4 indicator... which one is better for this purpose... grid box or michael jenkins secret angle.
By now you can see the Grid Box developed in this room is far superior a method than the secret angle of Jenkins. And MT4 is just fine, you dont need to go to tradingview, optuma, ensigns or any of the pay charts....this grid is absolutely a solid level indicator....the only thing I would add is an alert because you have to sit on your hands a bit at times....

there was a saying a few years ago that kind of says it all....."When your up to your ass in alligators, its hard to remember your initial objective was to drain the swamp"...... you can get so wrapped up in indicators and calculations and their complications , that the focus is everywhere but where it should be and that is on PRICE.
  • #4,790
  • Aug 7, 2022 2:46pm Aug 7, 2022 2:46pm
Quoting Swede
{quote} By now you can see the Grid Box developed in this room is far superior a method than the secret angle of Jenkins. And MT4 is just fine, you dont need to go to tradingview, optuma, ensigns or any of the pay charts....this grid is absolutely a solid level indicator....the only thing I would add is an alert because you have to sit on your hands a bit at times.... there was a saying a few years ago that kind of says it all....."When your up to your ass in alligators, its hard to remember your initial objective was to drain the swamp"...... you...
OMG thats the best beautiful thing I have heard from someone... these indicators and calculations keep your focus away from PRICE... yes absolutely thats the main thing... where is price... if somehow we can add time also then its blast.
you really explained so well that took my confusion away... I am bit slow but I am following you... good to know that you still use grid coz I was really confused on this... also you have removed my confusion on timeframe... thanks so much
  • #4,791
  • Edited 5:02pm Aug 7, 2022 3:58pm | Edited 5:02pm
Quoting Sincere007
{quote} OMG thats the best beautiful thing I have heard from someone... these indicators and calculations keep your focus away from PRICE... yes absolutely thats the main thing... where is price... if somehow we can add time also then its blast. you really explained so well that took my confusion away... I am bit slow but I am following you... good to know that you still use grid coz I was really confused on this... also you have removed my confusion on timeframe... thanks so much
I would also recommend printing the chart of candle formations at close of candle...they “talk to you” often and can tell you where to set your stops, and other considerations. It’s about the reaction to Price and how it displays via a candle. Worth having by your desk, just as an alert of sorts.

ps...a few of interest current...as you can see I have a couple stragglers from Friday...watch and see if they prove to react from that last candle...
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  • #4,792
  • Edited 1:42am Aug 8, 2022 1:17am | Edited 1:42am
Quoting Swede
{quote} I would also recommend printing the chart of candle formations at close of candle...they “talk to you” often and can tell you where to set your stops, and other considerations. It’s about the reaction to Price and how it displays via a candle. Worth having by your desk, just as an alert of sorts. ps...a few of interest current...as you can see I have a couple stragglers from Friday...watch and see if they prove to react from that last candle... {image} {image}
best best best advice ... printing it now and keeping it at my desk
its like 24/25 candles per column for the time... 2nd wave was big in one direction... expecting continuation upwards
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  • #4,793
  • Edited 12:54pm Aug 8, 2022 6:16am | Edited 12:54pm
Quoting Swede
{quote} I would also recommend printing the chart of candle formations at close of candle...they “talk to you” often and can tell you where to set your stops, and other considerations. It’s about the reaction to Price and how it displays via a candle. Worth having by your desk, just as an alert of sorts. ps...a few of interest current...as you can see I have a couple stragglers from Friday...watch and see if they prove to react from that last candle... {image} {image}
swede and Parisboy share your wisdom for the fakeouts... are they real or its just mind playing game with us?
look at my trade it was saved by breakeven and I have to relaunch again big rockets
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  • #4,794
  • Aug 8, 2022 4:18pm Aug 8, 2022 4:18pm
Quoting Sincere007
{quote} swede and Parisboy share your wisdom for the fakeouts... are they real or its just mind playing game with us? look at my trade it was saved by breakeven and I have to relaunch again big rockets {image} {image}
Manipulation happens for certain, but more often than not bids dry up, asks dry up, price falls or rallies on minimal volume. Just part of the trading scenario. Expect such things during a resting market, (in the case of the NY session noon to 3 NY time). If your a day trader it is imperative to be aware of this, if your a swing trader not so much but still you need to manage stops taking news and overnight markets into consideration.
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  • #4,795
  • Aug 9, 2022 1:19am Aug 9, 2022 1:19am
Quoting Swede
{quote} Manipulation happens for certain, but more often than not bids dry up, asks dry up, price falls or rallies on minimal volume. Just part of the trading scenario. Expect such things during a resting market, (in the case of the NY session noon to 3 NY time). If your a day trader it is imperative to be aware of this, if your a swing trader not so much but still you need to manage stops taking news and overnight markets into consideration. {image}
thanks swede for your time.
  • #4,796
  • Aug 11, 2022 1:24am Aug 11, 2022 1:24am
Quoting Swede
{quote} Vik......I’m going to write you a formula today, regarding this style of trading. But to start off, all the angle work is done for you thanks to a very good coder by the name of jeanlouie. He developed a grid with or without angles ( your choice) and you have no idea how important his work is to trading currencies in this forum. This was developed for mt4 because otherwise you would have to draw all of this by hand. Go to the little paper clip at the top of this forum and download gridbox with diagonals indicator. Just that one indicator...
Hello Swede,

I like your Grid_Box_wDiagonals.ex4 indicator. Is it possible to have the mq4 file ?
  • #4,797
  • Aug 19, 2022 2:03pm Aug 19, 2022 2:03pm
Quoting Sincere007
{quote} best best best advice ... printing it now and keeping it at my desk its like 24/25 candles per column for the time... 2nd wave was big in one direction... expecting continuation upwards {image}
update on gold grid
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  • #4,798
  • Aug 22, 2022 4:07am Aug 22, 2022 4:07am
Quoting jeanlouie
I recall Beck's emblem was used here, I've made some updates that may make it easier to use, that I'll link here too. I think the most useful update is the emblem draws outside the visible chart, which wasn't supported earlier. https://www.forexfactory.com/thread/...5#post14083665
Hi Parisboy,

How have you been?

How's your trading?

Is this discord group invite still active?

Kind regards,

RD
  • #4,799
  • Aug 22, 2022 8:32am Aug 22, 2022 8:32am
Quoting thatRichDude
{quote} Hi Parisboy, How have you been? How's your trading? Is this discord group invite still active? Kind regards, RD

evrything ok that rich dude

discord invite is working
  • #4,800
  • Aug 22, 2022 8:36am Aug 22, 2022 8:36am
NZDCAD going long at 8033
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