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Time and Price Forecasting

  • #4,981
  • Oct 18, 2022 6:51am Oct 18, 2022 6:51am
Quoting OAPDave
Not sure this is correct ? {image}
Certainly looks interesting....the 90 degree offset (upper) drawn from the axis is always worth paying attention too....but can’t comment with any soundness on Ger 40 due to my focus being to much on cable...
  • #4,982
  • Edited 7:52am Oct 18, 2022 7:29am | Edited 7:52am
1M trades
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  • #4,983
  • Oct 18, 2022 7:31am Oct 18, 2022 7:31am
Another very nice , low risk entry
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  • #4,984
  • Oct 18, 2022 8:28am Oct 18, 2022 8:28am
trade 3
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  • #4,985
  • Edited 2:59pm Oct 18, 2022 8:59am | Edited 2:59pm
PSo Dave, this is a quick way to sqare out your chart, and I have found it very effective on the larger timeframes. You will not find this anywhere in the Mt4 rooms, nor will you find it on FF. It is something I experimented with over and over and find it works well on 1 hour charts.

1. find a representative impulse wave, say including 50 or more candles..Use your grid tool 4 x 4 and place it over the swing from high to low, or low to high.

2. now go to your inserts tab and place a true 45 degree angle from the lower LH corner...

3. squeeze your chart so the 45 degree angle includes the high and low of the corners...

4. now place your circle square over a more recent swing for your analyses...

all you you do now is hit scale fix in properties to lock this setting

try that and see...note how the high of your Ger 40 chart was pinpointed using the 22.5 degree offset angle and how price reacted many times off that angle....I think it would have been tradeable, like this morning when we talked about it..

ps....I ran out of time to illustrate the scale indicator....will do that another post
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  • #4,986
  • Oct 18, 2022 9:08am Oct 18, 2022 9:08am
Quoting Swede
So Dave, this is a quick way to sqare out your chart, and I have found it very effective on the larger timeframes. You will not find this anywhere in the Mt4 rooms, nor will you find it on FF. It is something I experimented with over and over and find it works well on 1 hour charts. 1. find a representative impulse wave, say including 50 or more candles..Use your grid tool 4 x 4 and place it over the swing from high to low, or low to high. 2. now go to your inserts tab and place a true 45 degree angle from the lower LH corner... 3. squeeze your...
Thank you
I will give it ago later tonight as I am going out in a short time and will not be back for a while
  • #4,987
  • Oct 18, 2022 9:13am Oct 18, 2022 9:13am
Swede, how often do we need to move circular tool ? Every time new swing is created ?

thanks
  • #4,988
  • Oct 18, 2022 9:28am Oct 18, 2022 9:28am
There are many opportunities to keep things uncomplicated
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  • #4,989
  • Oct 18, 2022 9:46am Oct 18, 2022 9:46am
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  • #4,990
  • Oct 18, 2022 9:55am Oct 18, 2022 9:55am
Quoting tommiho
Swede, how often do we need to move circular tool ? Every time new swing is created ? thanks
I find it necessary to move the tool to the predominant swing (swing that is greater than the current one being used) . It will depend on the discretion of you the trader though, like after London goes to bed, and NY is in snooze mode you should not be too keen on entering trades on such short time frames. This is the time period where you get all chopped up.
  • #4,991
  • Oct 18, 2022 10:16am Oct 18, 2022 10:16am
Dave...interesting exercise contrary to my last Ger 40 Day chart drawing..lol
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  • #4,992
  • Oct 18, 2022 10:36am Oct 18, 2022 10:36am
Offset Angles, especially the 45 and 90 are very powerful tools to guage your analyses. For example, if you follow the gbp/usd trading forum, you see an overall bias long, long long with lots of target talk 1.15 to 1.16....but with this chart I would be very careful joining the crowd. in fact it reinforces by overall short bias, at least today, leading to CPI tomorrow..
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  • #4,993
  • Oct 18, 2022 11:00am Oct 18, 2022 11:00am
As described here
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  • #4,994
  • Edited Oct 19, 2022 2:13am Oct 18, 2022 1:10pm | Edited Oct 19, 2022 2:13am
Quoting Swede
{quote} But you forget a huge issue...Trading view versus MT4...
Swede you are right. But my chart(s) was just posted to give some ideas to some of your readers.

Your posts are invaluable for people using MT4 (what about MT5 ?) because you are showing how to build the tools AND how to trade with.

Most people focus erroneously on the technical side (whatever techniques they use). It is secondary if you have no idea how to use them to trade.

Whatever "angles" you use (diagonals) you first have to understand that a diagonal roadmap help you to analyze Price Action Speed and Acceleration and to check if PA is in a "strong" or "weak" position and to define potential target levels.

Even a not 1x1 scale chart can be used as a degraded version of a Squared Chart correctly scaled according to Gann (1x1) Principle
  • #4,995
  • Oct 18, 2022 1:15pm Oct 18, 2022 1:15pm
Quoting parisboy
{quote} Swede you are right. But my chart(s) was just posted to give some ideas to some of your readers. Your posts are invaluable for people using MT4 (what about MT5 ?) because you are showing how to build the tools AND how to trade with. Most people focus erroneously on the technical side (whatever techniques they use). It is secondary if you have no idea how to use them to trade. Whatever "angles" you use (diagonals) you first have to understand that a diagonal roadmap help you how to analyze Price Action Speed abnd Acceleration and to check...
Valid point for certain! Thank you.
  • #4,996
  • Edited 9:43am Oct 19, 2022 8:07am | Edited 9:43am
Nothing better than this chart for scalping, or entry when a level is achieved on the big charts....very very accurate if set correct and scaled 1 x 1.

Edit...result second chart
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  • #4,997
  • Oct 19, 2022 8:42am Oct 19, 2022 8:42am
Quoting Swede
Nothing better than this chart for scalping, or entry when a level is achieved on the big charts....very very accurate if set correct and scaled 1 x 1. {image}
Hi Swede, could you enclose the bigger timeframe chart too please?
Is this 1min?
thanks
  • #4,998
  • Edited 11:36am Oct 19, 2022 9:10am | Edited 11:36am
Quoting tommiho
{quote} Hi Swede, could you enclose the bigger timeframe chart too please? Is this 1min? thanks
yes, that was 1 min...up 50 pips atm...

Here is the 1 hour....now you have to have a longer time for results, but its pretty clear on the entries. This chart was scaled according to the method I posted earlier.
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  • #4,999
  • Oct 19, 2022 2:34pm Oct 19, 2022 2:34pm
Quoting Swede
{quote} yes, that was 1 min...up 50 pips atm... Here is the 1 hour....now you have to have a longer time for results, but its pretty clear on the entries. This chart was scaled according to the method I posted earlier. {image}
Hi Swede thank you again for your education,below the chart almost the same as yours.I tried before the 45 but it was not adding up,when posted the chart with 45,i tried again but it was not like yours, i i squezed the chart until it gave me just like yours,but the degree is 68.7 not 45. could be it is my screen for its is a rectangle not square. Not sure
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  • #5,000
  • Oct 19, 2022 5:03pm Oct 19, 2022 5:03pm
Quoting makenas
{quote} Hi Swede thank you again for your education,below the chart almost the same as yours.I tried before the 45 but it was not adding up,when posted the chart with 45,i tried again but it was not like yours, i i squezed the chart until it gave me just like yours,but the degree is 68.7 not 45. could be it is my screen for its is a rectangle not square. Not sure{image}
Very nice, well done, I will be making up some posts on how to work the ChartAutoScale. You will find the adjustments that work and then you can lock it on and simply hit the button to scale your chart. Looks like cable heading south again...gotta focus
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