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Time and Price Forecasting

  • #4,921
  • Oct 6, 2022 9:39am Oct 6, 2022 9:39am
something worth noting when using the 1 x 1 for entries...looks like more downward coming
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  • #4,922
  • Oct 6, 2022 9:46am Oct 6, 2022 9:46am
Quoting Swede
something worth noting when using the 1 x 1 for entries...looks like more downward coming {image}
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MY GRID. Markets are NOT random.
  • #4,923
  • Oct 6, 2022 9:53am Oct 6, 2022 9:53am
Quoting tonyb123
{quote} {image}
Exactly Tony....I missed the exact entry as quoted above, so I will wait a bit and see if there is a bit of retrace to get in...I get pretty cautious when I see 5 steps on any move with cable....there should be a retrace
  • #4,924
  • Oct 6, 2022 10:00am Oct 6, 2022 10:00am
Quoting Swede
{quote} excactly Tony....I missed the exact entry as quoted above, so I will wait a bit and see if there is a bit of retrace to get in...
Yeah now at the low so not the best price to get in. 30 - 45 pip retrace would be best.
MY GRID. Markets are NOT random.
  • #4,925
  • Oct 6, 2022 1:56pm Oct 6, 2022 1:56pm
Quoting tonyb123
{quote} Yeah now at the low so not the best price to get in. 30 - 45 pip retrace would be best.
Came late to the party but hey, +21 and +39....nothing wrong with that lol.....but had to go down to the 1 min chart for the entry
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  • #4,926
  • Oct 6, 2022 2:07pm Oct 6, 2022 2:07pm
Quoting Swede
{quote} Came late to the party but hey, +21 and +39....nothing wrong with that lol.....but had to go down to the 1 min chart for the entry {image}
NICE! like the tap on the lines.
MY GRID. Markets are NOT random.
  • #4,927
  • Oct 6, 2022 2:19pm Oct 6, 2022 2:19pm
Can someone who has please share MSJ programs such as Degree to Price Converter, GannWheel, Angles etc?

Thanks
  • #4,928
  • Oct 6, 2022 2:36pm Oct 6, 2022 2:36pm
Quoting kris00l
Can someone who has please share MSJ programs such as Degree to Price Converter, GannWheel, Angles etc? Thanks
Go to the MSJ thread...it’s all there with tons and tons of examples...many of the Gann angles, offsets, octave levels and so on are in both this thread, and the MSj thread, the reason I stopped posting there was accusations we were selling something for MSJ, which was not the truth, we were simply presenting how many of the Gann concepts can be adapted to modern day trading...
  • #4,929
  • Oct 7, 2022 9:54am Oct 7, 2022 9:54am
Thanks @swede .... I know you can't please everyone. I did cross post in MSJ as well. But yes, I have been following MSJ forum more closely from page 1 actually . pain but going thru' them slowly but surely.
  • #4,930
  • Oct 7, 2022 2:03pm Oct 7, 2022 2:03pm
Quoting kris00l
Thanks @swede .... I know you can't please everyone. I did cross post in MSJ as well. But yes, I have been following MSJ forum more closely from page 1 actually . pain but going thru' them slowly but surely.
Yes, it's the only way to learn this stuff, I have spent hundreds of hours just to get some of the basics down, which diagonals work best with which time frame, how to scale the chart, when do offsets work and other times don't, then there is square root calc....another discipline altogether and so on. But I have narrowed things down to using the square grid and the diagonals off those levels and the circle tool with the offset squares...it is amazing what calculations you can come up with using that one instrument alone.

Anyway, today was NFP, just closed my last trade for +40 pips and today I used the little grid and the diagonals, find it best in a fast market and it proved to be very useful....Anyway, there is lots to learn and wish you success.
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  • #4,931
  • Oct 8, 2022 7:30pm Oct 8, 2022 7:30pm
Swede, pardon my ignorance, but how are you setting the scale on your circle charts?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #4,932
  • Edited 11:41am Oct 9, 2022 10:32am | Edited 11:41am
Quoting kapital
Swede, pardon my ignorance, but how are you setting the scale on your circle charts?
Nothing to pardon Kapital....it’s an age old problem with mt4, and it seems all that is written about it leaves much to the imagination and un-trustworthy results.

For the 1 and 5 min charts it’s easy, simply open chart/properties/scale fix one to one and your set to go. On the higher timeframes you need to program in highs and lows to fit the page and when you open the charts after leaving your platform, all
your settings need re-setting. There is a simple way to overcome this but it will take a few posts and illustrations, since you use Tradingview there is little point in doing all that.

If others who use mt4 want more info I will need some time to put together some posts....

below is example of a scaled chart versus auto scale......gives much more precise entries...

Now look at the 3rd chart, the additional entry........you will not get that with an auto scaled chart shown below
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  • #4,933
  • Oct 9, 2022 5:47pm Oct 9, 2022 5:47pm
Now for the larger time frame, to catch the big moves with confidence, without having to scale your charts we have the perfect tool to accomplish such a task. It is so simple and so effective I just can't believe its lack of use. This has never been available in mt4 until we asked jeanlouie to make one for us, and it is spectacular in its performance. But like any tool, one has to know how to use it.

Gann was probably a great trader, but did everything on hand drawn paper charts, he traded futures and other instruments in a centralized market, absolutely minuscule in comparison to today's marketplace, run by hedge funds, huge trading firms, influenced by economies of the world, moved by things like interest rates, payroll data, gross domestic products, bank interference and manipulation and we could go on and on. The forex market alone reports over 5 trillion Dollars traded every single day, so many of his concepts may or may not work in today's market. But, his math can be proven effective in any market, in any timeframe, in any instrument.

One in particular is the division of 8 tracking the last swing and then projection to the current market, or how the market behaves at the levels established by those calculations........ Or double, triple etc. of those numbers.....8, 16, 32, 64, 128, 256 etc etc.

Look at the chart below to understand what has been done.... using 16 grid levels, 8 of them to track the low to the high of the last important swing. This is the start of your analyses for the week coming up, follow the next few charts to see how this original analyses works out and what else it might tell us.
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  • #4,934
  • Oct 9, 2022 5:48pm Oct 9, 2022 5:48pm
Now we have potential highs and lows for the week following our analyses....Notice the levels touched and reversed, notice how the levels established during the move south came into play for the week we are trading in.....
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  • #4,935
  • Edited 5:59pm Oct 9, 2022 5:49pm | Edited 5:59pm
Now, what about the time factor....we are trying to establish Price and Time factors. When you see not only a price level being reached, and a time factor that corresponds, all we need to do is pull up our 1 or 5 min charts for the entries as price either plows through the level, or reverses as expected....
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  • #4,936
  • Edited 6:04pm Oct 9, 2022 5:49pm | Edited 6:04pm
So, the charts posted represent 6 trading days from the low to the high.....Today we have prepared the week using the High to the Low established during the last 5 days.....(note if price heads south tonight we may have to reconfigure the drawing but it looks like the low was established on Friday late session)
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  • #4,937
  • Edited 7:10pm Oct 9, 2022 6:18pm | Edited 7:10pm
Gann made us aware that certain levels cause vibration, or oscillation, or reaction we could say....watch this next week to see if it is so or not.
Trading horizontal levels eliminates the need for a perfectly scaled chart, just look at TonyB, My Grid, My System to see how the horizontal lines are price levels, price action, he is not trading the level, he is trading the price along with other criteria at those levels.

Look at Parisboy and the 5 Centered Moving average charts....and what Is he using for settings??????...8, 16, 32, 64, 128, 256? Can you see the point going back to Gann again or Hurst, or MSJ or others who brought these concepts and worked out modern day application.

So, my point is never underestimate the power of 8 (Octave Levels) in response to price levels.

And we have not even talked about squaring the range, diagonals, offset angles and so on....the charts posted can easily Stand Alone as a trading tool.
Attached File(s)
File Type: ex4 Grid_Box_wDiagonals.ex4   45 KB | 455 downloads
File Type: ex4 Circle_wRays (1).ex4   36 KB | 422 downloads
  • #4,938
  • Oct 10, 2022 2:58am Oct 10, 2022 2:58am
Swede

Absolute fantastic series of posts, the time and detail you have taken to produce them must be truly applauded

All the best

Dave
  • #4,939
  • Edited 12:10pm Oct 10, 2022 11:53am | Edited 12:10pm
Quoting OAPDave
Swede Absolute fantastic series of posts, the time and detail you have taken to produce them must be truly applauded All the best Dave
Thanks Dave....not that much work with the grid provided by jeanlouie....Anyway, it was nice to see price went right to the 1/4 level and reversed for about 80 pips just shortly after the market opened..

But, because a new low was established, I had to reset the grid this morning..l.and price is challenging that low as we speak...so it will be an interesting week to see where all this goes....with Banking closed in NA we may see a big bounce overnight...
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  • #4,940
  • Oct 10, 2022 12:11pm Oct 10, 2022 12:11pm
Quoting Swede
{quote} Thanks Dave....not that much work with the grid provided by jeanlouie....Anyway, it was nice to see price went right to the 1/4 level and reversed for about 80 pips just shortly after the market opened.. But, because a new low was established, I had to reset the grid this morning..l.and price is challenging that low as we speak...so it will be an interesting week to see where all this goes....with Banking closed in NA we may see a big bounce overnight... {image}
I understand all that you said in your previous posts and I applaud you and Jeanlouie for the tool. Looks great! My question is why do you have to "reset" the tool?
MY GRID. Markets are NOT random.
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