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Time and Price Forecasting

  • #5,041
  • Nov 7, 2022 10:17am Nov 7, 2022 10:17am
Quoting OAPDave
{quote} Swede Move up retest Move down re test Measured moves ? {image} {image}
Mid term elections this week, CPI on Thursday, always intra day news regarding USD, Euro, Pound...all should move this market substantially....keep your powder dry and ready

(ps...those were good charts, wish u would leave them posted..)
  • #5,042
  • Nov 7, 2022 10:26am Nov 7, 2022 10:26am
No problem
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  • #5,043
  • Nov 7, 2022 10:51am Nov 7, 2022 10:51am
Quoting OAPDave
No problem {image} {image}
Thanks Dave....I think your perspective on the markets is very relevant, those levels provide support/Resistance over and over, and if your quick on the trigger they provide some really nice scalps...

parisboy’s charts, grid levels , grids circles all provide a perspective that can be really powerful for some of us who love to trade during the sessions and be out of the market at the end of the day.
  • #5,044
  • Nov 7, 2022 11:08am Nov 7, 2022 11:08am
Some more examples
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  • #5,045
  • Nov 7, 2022 11:16am Nov 7, 2022 11:16am
And even though we look at the big time frames for perspective on overal direction, we still need an entry chart if we are scalping for 10- 20- 30- pips..

This is an example how I set up my 1 minute just for the NY session...looks like not much but it really tells me where to place my trades with tight stops...
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  • #5,046
  • Nov 7, 2022 11:51am Nov 7, 2022 11:51am
If I was trading the FTSE today, this is how I would set it up.....the entries were obvious and it was a nice pull back hey?
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  • #5,047
  • Nov 7, 2022 11:58am Nov 7, 2022 11:58am
I see Aussie touched and reversed off the 1 x 1 on the daily, will be on my watch list tonight...I don't usually trade AUD but since we have a raging snow storm here I may just sit at my computers a bit longer lol
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  • #5,048
  • Nov 7, 2022 12:00pm Nov 7, 2022 12:00pm
7375 7275 banked

now looking for
3 more 25 pip drops ?
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  • #5,049
  • Nov 8, 2022 2:05am Nov 8, 2022 2:05am
7350 7250 Banked
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  • #5,050
  • Nov 8, 2022 8:30am Nov 8, 2022 8:30am
Quoting OAPDave
7350 7250 Banked {image} {image}
Great that you caught that nifty fifty drop, unfortunately today will be directionless for the most part until the midterms results are settled.
  • #5,051
  • Nov 8, 2022 11:39am Nov 8, 2022 11:39am
Swede,

Is this close to how you would draw it ?? ....AUDUSD 1D.

Thanks
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  • #5,052
  • Edited 12:29pm Nov 8, 2022 12:13pm | Edited 12:29pm
Personally, I like the grid tool with diagonals because according to those who have perfected this method the DNA of future moves is found in the initial Major swing before current price, Major impulse, not minor...so that is why I highlighted the area in grey.

Now the way you drew the circle square is also valid for a big picture...and we come to the same area of resistance to the topside. The 1 x 1 is challenged, and may very well fall back from here...worth watching for certain...I did draw mine from the last major swing top...7130, which represented a 5-600 pip swing..
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  • #5,053
  • Nov 8, 2022 12:22pm Nov 8, 2022 12:22pm
But it is not hard to see what is behind the rally for all USD based trades....USD hates the indecision or vote days, when all of this is settled we will probably see it reverse direction, when it does all us who happen to be short GBP, Euro Aud will look like the smartest traders in the world.. lol
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  • #5,054
  • Nov 8, 2022 12:37pm Nov 8, 2022 12:37pm
Thanks for yours charts and insight Swede on the Circle/box methods.

Certainty the latter is easier to draw on TV.

I don't trade currencies but they are the backbone of many markets.

I do think DXY is on the run, gold smells it and if you are ex US then a few things got less expensive to fund (commodities, sovereign debt to name a few)..

Cheers,

S.
  • #5,055
  • Nov 8, 2022 12:49pm Nov 8, 2022 12:49pm
Quoting Steve666
Thanks for yours charts and insight Swede on the Circle/box methods. Certainty the latter is easier to draw on TV. I don't trade currencies but they are the backbone of many markets. I do think DXY is on the run, gold smells it and if you are ex US then a few things got less expensive to fund (commodities, sovereign debt to name a few).. Cheers, S.
Just in case you ever use mt4 on another platform, I had jeanlouie code a circle square indi which makes it super simple to place on the chart...it’s listed in the paper clip above on this forum. He also coded us the grid tool with or without diagonals, makes squaring the range very easy....no hand drawing anymore..lol
  • #5,056
  • Nov 8, 2022 1:21pm Nov 8, 2022 1:21pm
In the short term USDX bottomed out and began to retrace...wasn't hard to see time to short a few with
GBP unsustainable at these levels......+58, +32, +20 pips banked
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  • #5,057
  • Nov 8, 2022 1:47pm Nov 8, 2022 1:47pm
Quoting Swede
In the short term USDX bottomed out and began to retrace...wasn't hard to see time to short a few with GBP unsustainable at these levels......+58, +32, +20 pips banked {image}
Nice
Very nice indeed
  • #5,058
  • Nov 9, 2022 12:06am Nov 9, 2022 12:06am
Well there is a reasonable expectation that the DXY has hit a short term bottom.

There is a valid Gartley in play and the ABCD component is symmetrical.

I would like to see it get out of the Blue Box, above the red line and back into the Pitchfork.

CPI coming up soon,,, that could swing it either way.

Rock 'n Roll.

I'll stand aside for now.



S.
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  • #5,059
  • Nov 9, 2022 3:51am Nov 9, 2022 3:51am
Quoting Steve666
Well there is a reasonable expectation that the DXY has hit a short term bottom. There is a valid Gartley in play and the ABCD component is symmetrical. I would like to see it get out of the Blue Box, above the red line and back into the Pitchfork. CPI coming up soon,,, that could swing it either way. Rock 'n Roll. I'll stand aside for now. S. {image}

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  • #5,060
  • Nov 9, 2022 4:03am Nov 9, 2022 4:03am
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