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Attachments: Time and Price Forecasting
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Time and Price Forecasting

Quoting Swede
Dave, the indicator you show in your post is very telling where price might go. I think it would be especially important if the start time was adjustable to start at the London open, is that adjustable? Do you have the source code? Would you be so kind as to post the indicater used, could be very helpful in analyses...thanks my friend! {image}
Hello Swede,

Is the indicator used in this post available on this thread ?

Thank you for any help you can provide

G
Quoting godrich
{quote} Hello Swede, Is the indicator used in this post available on this thread ? Thank you for any help you can provide G
Here you go...its a good indicator because you can set the measurement from any of the open periods...like start of Asia, or start of London or NY....if you look at USDX attached....how it spiked at NFP right to the 61.8 fib extension drawn off the daily open...gave an interesting perspective hey?

ps...if you go to the little paper clip at the top of this page, you will see many of the tools available to you regarding squaring the range, diagonals, offset angles, circles etc etc...
Attached Image (click to enlarge)
Click to Enlarge Name: USDXH1.png Size: 12 KB
Attached File(s)
File Type: ex4 Daily Average Fibo Historical v1.1.ex4   12 KB | 74 downloads
Quoting Swede
{quote} Here you go...its a good indicator because you can set the measurement from any of the open periods...like start of Asia, or start of London or NY....if you look at USDX attached....how it spiked at NFP right to the 61.8 fib extension drawn off the daily open...gave an interesting perspective hey? ps...if you go to the little paper clip at the top of this page, you will see many of the tools available to you regarding squaring the range, diagonals, offset angles, circles etc etc... {file} {image}
Hello Swede,

Thank you for replying, and attaching the indicator, so quickly.....much appreciated.

All the best

G
Quoting godrich
{quote} Hello Swede, Thank you for replying, and attaching the indicator, so quickly.....much appreciated. All the best G
oops...the one I posted is the non adjustable one....here is the good one in comparison
Attached File(s)
File Type: ex4 ! NIH98 Open Price Pct Range Mapping Indi.ex4   23 KB | 87 downloads
Quoting Swede
{quote} oops...the one I posted is the non adjustable one....here is the good one in comparison {file}
Thanks again !

G
I have done a lot of experimenting Dave with the indicator you posted and have found the best setting for my style of scalping is this:

1. Set the time to London Open, not NY or Asia, just London open Time.

2. Use Range type Quarter Theory...which is octave meaurments...(division of 100 by 8)

3. Pay close attention to 37.5 and 50% levels for scalping. (during a normal calm market, not being spiked by news events)

Yesterday I took 6 trades short (countertrend) as price failed at 37.5 (both long and short if you were quick) Today took the news trade and a second trade off the 50 level....could have taken more but had company in the middle of my trading session..l

Anyway, it is a very good indicator if used correctly, at least for my NY session based on prices established during London. Thanks for posting it to the thread.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: London open Octaves.png Size: 13 KB
Click to Enlarge Name: Octaves this week.png Size: 14 KB
Quoting OAPDave
Remember this Style of Measured moves ? {image} {image}
Exactly what I was thinking.. your charts are very telling ...the moves are clear and tradeable.

and if you view of my second chart, one can almost see the measured move from high to low with London open dead center.....

I really like the part where we just have price and levels without tons of drawings, indicators etc etc.
Quoting OAPDave
{quote} Swede That is really good observation and trading Must admit I too have grown into this indicator I find its a great money management tool as an added bonus As you can see from above I have shown a Weekly open We can also look at a Monthly Open as well as the many Daily Open times
Now, I’m just using the 5 min chart, not really looking at the big picture, will work on more refining going forward for my particular style, which is only trading the 2-3 hour NY session....good session +66 +16 +10 +10
Attached Image (click to enlarge)
Click to Enlarge Name: finish.png Size: 13 KB
Always nice to catch those 10 pullbacks....also was the high of the London Session and the 50% extension from London Open...bound to have an effect with nothing to drive this market higher at this point...+29 pips...

Second Chart is the retrace off the swing low...where did it land?? Yep, the 50 extension for a few more scalps...3 x 7 +21 pips banked..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 10 KB
Click to Enlarge Name: GBPUSDM15 retrace.png Size: 11 KB
Late day trading GBP is never wise....-6 pips....wouldn't doubt it will make it all the way back to London Open..

edit...well, didnt make it to the London open...instead it begain to bounce of the 0.125 level for the long....+12 pips banked

have noticed using these settings that if one level fails, usually the next level is targeted, and they are about 15 pips apart so if your careful some nice gains can be made.. see 5 min chart below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Back to London open.png Size: 10 KB
Click to Enlarge Name: GBPUSDM5.png Size: 12 KB
Quoting Swede
Late day trading GBP is never wise....-6 pips....wouldn't doubt it will make it all the way back to London Open.. edit...well, didnt make it to the London open...instead it begain to bounce of the 0.125 level for the long....+12 pips banked have noticed using these settings that if one level fails, usually the next level is targeted, and they are about 15 pips apart so if your careful some nice gains can be made.. see 5 min chart below {image} {image}
Swede
Can you check your London Open ?
Attached Image (click to enlarge)
Click to Enlarge Name: f.png Size: 27 KB
Quoting OAPDave
{quote} Swede Can you check your London Open ? {image}
I have used 9:00,gmt for many, many years, some use 8:00 to take in Frankfurt, but I have found that timeslot very ineffective. actually this is GMT+1 Central Standard Time on my charts....if you look at the chart below you can see the moves either direction really start to move at this time period, so it stands to reason this is when the markets really start to take effect.

Now the crossover between London and New York I start the NY session at 16;00 because my indicator does not have half numbers, so often you will see a slotted line at 6"30 when the stock exchanges start moving...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: start times.png Size: 10 KB
Click to Enlarge Name: start London NY.png Size: 10 KB
Quoting Swede
{quote} I have used 9:00,gmt for many, many years, some use 8:00 to take in Frankfurt, but I have found that timeslot very ineffective. actually this is GMT+1 Central Standard Time on my charts....if you look at the chart below you can see the moves either direction really start to move at this time period, so it stands to reason this is when the markets really start to take effect. Now the crossover between London and New York I start the NY session at 16;00 because my indicator does not have half numbers, so often you will see a slotted line at...
Understood
Thanks
Quoting Swede
I have done a lot of experimenting Dave with the indicator you posted and have found the best setting for my style of scalping is this: 1. Set the time to London Open, not NY or Asia, just London open Time. 2. Use Range type Quarter Theory...which is octave meaurments...(division of 100 by 8) 3. Pay close attention to 37.5 and 50% levels for scalping. (during a normal calm market, not being spiked by news events) Yesterday I took 6 trades short (countertrend) as price failed at 37.5 (both long and short if you were quick) Today took the news trade...
Dear friends, where can I find this indicator? I trade the Gann octaves as well but I do manual calculation. This auto indicator will be incredibly helpful. Just to load it on the chart and the job is done. Could you, please upload here again or send a link to where I can find it.
Thanks in advance for your assistance in anticipation.
Quoting OAPDave
{quote} Understood Thanks

Pretty much had to fade the move....nice pips banked
Attached Image (click to enlarge)
Click to Enlarge Name: Fade the Trend.png Size: 12 KB
Quoting Danking54
{quote} Dear friends, where can I find this indicator? I trade the Gann octaves as well but I do manual calculation. This auto indicator will be incredibly helpful. Just to load it on the chart and the job is done. Could you, please upload here again or send a link to where I can find it. Thanks in advance for your assistance in anticipation.

Hi Danking 54...if you go to the little paperclip at the top of this page, it is the first one listed...all the downloads are there for all the drawings we use ,
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 6 KB
Quoting Swede
{quote} The way things are, the state of the world and it’s outrageous politics, the entitled generation who think their doing you a favour by asking to have things handed to them, can we expect anything more? Lol
Hi everyone and happy holidays!

@OAPD. In my view a trader goes through a phase where they collect a lot of tools. We all did that.

Tools cannot build a house. The trader has to know when to use them, where to use them, how to use them, and when to stop using them and switch to a different tool.

The current generation will find it hard to make money because they want to be master lumberjacks without going out into the cold, wet forest and sawing down any trees.

@ Swede. A lot of work has been done here. It is very good to see. Thank you for bringing the tools, and how to use them, together.
If you are good at something, never do it for free--Joker
nice movement today....easy to trade and very profitable..
Attached Image (click to enlarge)
Click to Enlarge Name: Nice movement today.png Size: 12 KB
I have kind of a unique circumstance, and I wouldn't recommend it unless your quick on your feet and at your computer ready to pull the trigger. That is because I only trade the NY session, especially the two hours when both London and NY are trading together. Often counter trend trades offer themselves and NY is well known to fade what has happened overnight in London. Same as today, that NY news spike was ripe for fading and I expect it will pull back to the 4 hour zone shown on the chart posted.

Now first glance one has to be very careful trading short with a chart like this because it is clearly long, so if price pulls back to the trend line, I would expect to take a few longs to hold for a few days...I guess we will see.

BOS = break of structure SRF = support becomes resistance and vice versa
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 15 KB
Apologies for my rant
No offence was meant to anyone
Just got a bee in my bonnet about showing thanks to a poster
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