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Time and Price Forecasting

  • #4,961
  • Oct 13, 2022 1:33am Oct 13, 2022 1:33am
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  • #4,962
  • Oct 13, 2022 8:33am Oct 13, 2022 8:33am
Quoting Swede
{quote} 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...
Thanks.

I must forget that your charts have a 1x1 scale.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #4,963
  • Oct 14, 2022 1:20am Oct 14, 2022 1:20am
one glance tpl,chartautoscale set 15,the question i ask my self, the square is set for short but it goes up,how and when did the trend change? when 50% is taken out and the offset 90?
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  • #4,964
  • Oct 14, 2022 2:26am Oct 14, 2022 2:26am
Short Follow Up
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  • #4,965
  • Oct 14, 2022 7:25am Oct 14, 2022 7:25am
Quoting makenas
one glance tpl,chartautoscale set 15,the question i ask my self, the square is set for short but it goes up,how and when did the trend change? when 50% is taken out and the offset 90? {image}
What you have to keep in mind is the overall trend is short....but what happened yesterday?...well, look at the red news....that is when things changed and a rally was underway.....but you still keep in mind the overall trend and opportunities presented themselves look at the chart below...
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  • #4,966
  • Oct 14, 2022 7:42am Oct 14, 2022 7:42am
And Makenas.....dont feel bad if you get confused by price action sometimes.....I kept adding to short positions through all that and I am NOT proud of the chart below....sure it was one of my best weeks overall, and I proved to be correct overall, but if price kept running north I would have had even more drawdown....but thats trading right? We break our own rules sometimes, just because we have been doing this for years we get cocky...lol
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  • #4,967
  • Oct 14, 2022 8:41am Oct 14, 2022 8:41am
Quoting OAPDave
{image} {image}
Good charts Dave...not hard to see where to load your entries....gotta love those Friday dumps lol

ps....think a bigger dump is coming
  • #4,968
  • Oct 14, 2022 9:27am Oct 14, 2022 9:27am
I agree....I cant get over how nice to trade cable these days...just like it was 15 years ago, you take a calculated trade and next thing you bank 50 pips...

Makenas....here is the one min chart with a picture perfect entry short on cable...cant go wrong with these...+50 +40 to end our week...love it!!
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  • #4,969
  • Edited 10:39am Oct 14, 2022 10:24am | Edited 10:39am
Quoting OAPDave
{quote} Swede Everyday you trade 1 pair 1 method Show and Post the end product Brilliant
One really gets to understand the nuances when trading just one instrument, how it trades, how it spikes before a big move and so on....by doing this you are trading with the market makers, u get to know all their tricks, how they make you thinks it’s going one direction to trap entries, only to see it reverse in minutes...like a couple hours ago...and dropped 100 pips.

Anyway, if this area broken we can be assured of more south move, down to that 3 rd level for certain.

Market Makers pretty much use the illustration below to create fear and greed, not necessarily intentional but it illustrates what is driving the market.
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  • #4,970
  • Oct 14, 2022 11:56am Oct 14, 2022 11:56am
Would strongly suggest having a Grid chart separate from your trading chart....that way you can see the levels being challenged without indicators to throw you off.....Note this week, starting the day after the holiday.....I have marked off some of the levels to be aware off.

Note how the Center of Gravity played into today's trades.....
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  • #4,971
  • Oct 14, 2022 12:59pm Oct 14, 2022 12:59pm
Quoting Swede
Would strongly suggest having a Grid chart separate from your trading chart....that way you can see the levels being challenged without indicators to throw you off.....Note this week, starting the day after the holiday.....I have marked off some of the levels to be aware off. Note how the Center of Gravity played into today's trades..... {image}
My view
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  • #4,972
  • Oct 14, 2022 2:34pm Oct 14, 2022 2:34pm
Quoting OAPDave
{quote} My view {image}
Absolutly....you see many traders look at MM or pivots or grids like Tony,S as some kind of indicator that should automatically give you entries without thinking. All grid levels are telling you is it’s time to pay attention to the level, will it reverse, or will it run to the next level, all depending on time of day, strong or weak news, and multiple other factors?

But it all starts with the division of the last significant swing, that is what I like best about jeanlouie grid, no clutter, nothing to distract. Then add a 1 min for the actual entry and you now have a very robust entry method, with tight stops. Sometimes one might get stopped once or twice but when you get a good entry it can be so profitable...and that is the only reason for doing this, right.?
  • #4,973
  • Oct 15, 2022 12:06am Oct 15, 2022 12:06am
Quoting Swede
And Makenas.....dont feel bad if you get confused by price action sometimes.....I kept adding to short positions through all that and I am NOT proud of the chart below....sure it was one of my best weeks overall, and I proved to be correct overall, but if price kept running north I would have had even more drawdown....but thats trading right? We break our own rules sometimes, just because we have been doing this for years we get cocky...lol {image}
Hahahaha,,like you just read my mind and i have a habit of not checking the news,that's habit i need to throw away.Happy weekend
  • #4,974
  • Edited 2:36am Oct 18, 2022 2:02am | Edited 2:36am
Hi Swede, trying out the circular thingy
Definitely some interesting places to take the trades.
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  • #4,975
  • Oct 18, 2022 5:44am Oct 18, 2022 5:44am
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  • #4,976
  • Oct 18, 2022 6:15am Oct 18, 2022 6:15am
Quoting OAPDave
{image}
U short here Dave? Looks pretty overbought...if there is such a thing
  • #4,977
  • Oct 18, 2022 6:26am Oct 18, 2022 6:26am
Quoting tommiho
Hi Swede, trying out the circular thingy Definitely some interesting places to take the trades. {image} {image}
Good to try new things....just a tip...make sure your chart is set 1 x 1...or scaled to settings that have worked in the past.....here is the 1 min Cable chart set 1 to 1 and a very nice 45 pip scalp...
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  • #4,978
  • Oct 18, 2022 6:28am Oct 18, 2022 6:28am
Quoting Swede
{quote} Good to try new things....just a tip...make sure your chart is set 1 x 1...or scaled to settings that have worked in the past.....here is the 1 min Cable chart set 1 to 1 and a very nice 45 pip scalp... {image}
Hi swede, thanks, yes made sure to have it 1x1.
My chart looks as same as yours.
  • #4,979
  • Oct 18, 2022 6:33am Oct 18, 2022 6:33am
Swede
How do you use the
Auto Scale indicator you posted ?

ps
My silly Ema's do not give me permission yet
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  • #4,980
  • Oct 18, 2022 6:41am Oct 18, 2022 6:41am
Quoting OAPDave
Swede How do you use the Auto Scale indicator you posted ? ps My silly Ema's do not give me permission yet {image} {image}

On the 1and 5 min charts I don’t bother with it, I just use the scale fix feature in mt 4

For the higher timeframes one needs to find a scale that fits each currency...and its a bit fiddly but I will post some examples how to do it a bit later today....
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