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Time and Price Forecasting

  • #4,941
  • Oct 10, 2022 10:22am Oct 10, 2022 10:22am
Quoting tonyb123
{quote} 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?
Just the fact that when I made up the illustration the Low was the Friday low. Sunday established a lower low so I think it best to use the Sunday low for the week to come especially with so much of the banking industry closed today.....I like to keep the price within the grid because the measurments are based on the highs or lows of the swing.....for accuracy overall I guess...
  • #4,942
  • Oct 10, 2022 10:48am Oct 10, 2022 10:48am
Quoting Swede
{quote} Just the fact that when I made up the illustration the Low was the Friday low. Sunday established a lower low so I think it best to use the Sunday low for the week to come especially with so much of the banking industry closed today.....I like to keep the price within the grid because the measurments are based on the highs or lows of the swing.....for accuracy overall I guess...
That's what I thought but I did not want to presume anything.
MY GRID. Markets are NOT random.
  • #4,943
  • Oct 10, 2022 10:54am Oct 10, 2022 10:54am
Quoting tonyb123
{quote} That's what I thought but I did not want to presume anything.
And now we have a great little 50 pip bounce of that low...heading for a big round number, or one of the levels...worth watching

Will turn to the circle chart now...the 5 min for a potential entry in the BRN area of the 90 offset from half the move...
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  • #4,944
  • Oct 10, 2022 11:34am Oct 10, 2022 11:34am
Symmetry / Mirror Image
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  • #4,945
  • Oct 11, 2022 10:42am Oct 11, 2022 10:42am
Quoting Swede
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,...

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  • #4,946
  • Oct 11, 2022 11:57am Oct 11, 2022 11:57am
Alains chart above is another reason why I felt confident to take this morning's shorts....most of the up move was exhausted and it was time to look at the overall trend once again. before red news has the potential to move the market north again.

But as a follow up, Im posting the same chart as established at the beginning of the week, expanded so you can see it....notice how the octave levels have presented many opportunities long and short....(I prefer to stay with the overall trend)
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  • #4,947
  • Oct 11, 2022 12:03pm Oct 11, 2022 12:03pm
The whole short following is on the Cable Thread
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  • #4,948
  • Oct 11, 2022 12:08pm Oct 11, 2022 12:08pm
Chart explanation later
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  • #4,949
  • Oct 11, 2022 12:09pm Oct 11, 2022 12:09pm
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  • #4,950
  • Oct 11, 2022 12:16pm Oct 11, 2022 12:16pm
closed Short Position
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  • #4,951
  • Oct 11, 2022 1:42pm Oct 11, 2022 1:42pm
Quoting parisboy
closed Short Position {image}
I closed mine also.....I took an additional short as price broke support....and you can see where and why I closed for an additional 54 pips...gotta love days like this...and the grid.

ps...when the grid bottom was broken, I extended southward for the levels and they worked splendidly..
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  • #4,952
  • Oct 11, 2022 2:15pm Oct 11, 2022 2:15pm
additional short too
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  • #4,953
  • Edited 4:00pm Oct 11, 2022 3:10pm | Edited 4:00pm
I have been having trouble with my grid box, all day.....everytime I toggle to another chart, I have to reset the grid when I return, and im getting some unstable lines, etc.....simply not acceptable.

If your having similar problems uninstall gridbox w/diagonals, it is unstable and there is a complete upgrade.

Jeanlouie has adjusted the grid so you can automatically extend your grid to subsequent trading levels after placing your high to low or low to high...here is an example and the indicator....its stable and makes your analyses a breeze, and note how it extends away from supp/res when broken...like todays session....perfection!! And, just a click of the mouse if you want to view the diagonals...
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File Type: ex4 Grid_box_v1.1.ex4   50 KB | 400 downloads
  • #4,954
  • Oct 11, 2022 6:45pm Oct 11, 2022 6:45pm
So, the grid gives us great spots to consider trades...now we turn to the entry chart using the circle square for the precise entries...note how in both cases, the 90 offset proved to be the entries....the 3 just closed produced 30 plus 23 plus 22....all because of the 90.

So, is anyone trying any of this...any questions?
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  • #4,955
  • Oct 12, 2022 12:46am Oct 12, 2022 12:46am
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  • #4,956
  • Oct 12, 2022 3:56am Oct 12, 2022 3:56am
Quoting Swede
So, the grid gives us great spots to consider trades...now we turn to the entry chart using the circle square for the precise entries...note how in both cases, the 90 offset proved to be the entries....the 3 just closed produced 30 plus 23 plus 22....all because of the 90. So, is anyone trying any of this...any questions? {image}
Swede
Following with great interest
But I have to agree with my wife
I am just rubbish at multi tasking
As I am into another learning project atm
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  • #4,957
  • Edited 9:21am Oct 12, 2022 8:59am | Edited 9:21am
Quoting OAPDave
{quote} Swede Following with great interest But I have to agree with my wife I am just rubbish at multi tasking As I am into another learning project atm {image} {image} {image}
I always say perfect the method that your comfortable with, that will get u further than anything else... I’m just trying to offer another way to gauge the market without another useless indicator of some tripe instead using a basic yet powerful measuring tool being the division of 8 or price levels that are structured, like the grid you show.

But, of course, if the trader does not take into consideration fomc, they only have part of the picture..
  • #4,958
  • Oct 12, 2022 5:18pm Oct 12, 2022 5:18pm
Just wanted to post todays trades...all of them yielded 20 pips or so, but the reason I post it is to show once again the importance of the 1 x 1 (45 degree offset from axis). It led the way for all the entries even though they were countertrend from London.

Anyway, for what it's worth.... thought there would be some interest in this very simple concept, when perfected yield very nice results..let me know if I can give any direction using it....
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  • #4,959
  • Oct 13, 2022 1:18am Oct 13, 2022 1:18am
Quoting Swede
{quote} I always say perfect the method that your comfortable with, that will get u further than anything else... I’m just trying to offer another way to gauge the market without another useless indicator of some tripe instead using a basic yet powerful measuring tool being the division of 8 or price levels that are structured, like the grid you show. But, of course, if the trader does not take into consideration fomc, they only have part of the picture..

Swede

let us perfect the method on a "theoretical - methological " way
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  • #4,960
  • Oct 13, 2022 1:24am Oct 13, 2022 1:24am
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