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Time and Price Forecasting

  • #5,181
  • Edited 11:27am Dec 13, 2022 11:06am | Edited 11:27am
Quoting Swede
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...
Back to normal service
Attached Image(s) (click to enlarge)
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  • #5,182
  • Dec 13, 2022 11:22am Dec 13, 2022 11:22am
Quoting parisboy
For those of you who likes Circles {image}
This one got me to thinking about "Tunnel thru the Air".
If you are good at something, never do it for free--Joker
  • #5,183
  • Dec 13, 2022 12:49pm Dec 13, 2022 12:49pm
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...

Hi Swede

Could you let me know the Indi you are using to for the session and the lines pls?

Many thx
It's a dirty job but someone's gotta do it!
  • #5,184
  • Dec 13, 2022 12:57pm Dec 13, 2022 12:57pm
Quoting Swede
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...

thanks Sweede . Very useful I keep it for my own use !
  • #5,185
  • Dec 13, 2022 1:02pm Dec 13, 2022 1:02pm
Quoting OAPDave
{quote} Back to normal service {image} {image} {image}
Nice charts.
MY GRID. Markets are NOT random.
  • #5,186
  • Dec 13, 2022 1:57pm Dec 13, 2022 1:57pm
Quoting tonyb123
{quote} Nice charts.
Tony
Credit goes to you
But sorry its still a long way off the style of trading that you would wish to see and approve of
  • #5,187
  • Dec 13, 2022 2:43pm Dec 13, 2022 2:43pm
Quoting OAPDave
{quote} Tony Credit goes to you But sorry its still a long way off the style of trading that you would wish to see and approve of
Thanks.

I did not show my style of trading just a logical way to keep track of market movements with the grid.
MY GRID. Markets are NOT random.
  • #5,188
  • Dec 13, 2022 3:23pm Dec 13, 2022 3:23pm
Quoting LaBoca
{quote} Hi Swede Could you let me know the Indi you are using to for the session and the lines pls? Many thx
post 5164 for the lines....note there are 4 ways to use this indi, I have it set on quarters as shown here
Attached Image(s) (click to enlarge)
Click to Enlarge Name: range settings.PNG Size: 8 KB
Click to Enlarge Name: lines boxes.PNG Size: 7 KB
Attached File(s)
File Type: ex4 Daily LinesBoxes(1).ex4   43 KB | 413 downloads
  • #5,189
  • Dec 13, 2022 4:19pm Dec 13, 2022 4:19pm
Quoting tonyb123
{quote} Thanks. I did not show my style of trading just a logical way to keep track of market movements with the grid.
Tony
Just Luv your sense of humor
  • #5,190
  • Edited 5:00pm Dec 13, 2022 4:46pm | Edited 5:00pm
Credit goes to Tony
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDH1b.png Size: 25 KB
  • #5,191
  • Dec 13, 2022 5:07pm Dec 13, 2022 5:07pm
Quoting OAPDave
Credit goes to Tony {image} {image}
It would sure relieve a lot of pain if every trader had this chart running on the side....they would think twice before entering on flimsy analyses....
  • #5,192
  • Dec 13, 2022 5:29pm Dec 13, 2022 5:29pm
Quoting OAPDave
Credit goes to Tony {image} {image}
Thanks. Im glad you hung on to the indicator and are finding it useful.
MY GRID. Markets are NOT random.
  • #5,193
  • Dec 14, 2022 9:19am Dec 14, 2022 9:19am
Quoting OAPDave
{quote} Swede A correlation on the mapping Idea using Tony's Grid ? {image} {image}
Try a slightly bigger grid for this pair unless you are trading 1 min moves. Scalping.
Attached Image (click to enlarge)
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MY GRID. Markets are NOT random.
  • #5,194
  • Dec 14, 2022 10:13am Dec 14, 2022 10:13am
Quoting OAPDave
{quote} Tony I was just looking at measured moves against yesterdays Daily bar and the wick At some point they had to expand todays range {image}
By using the trend line tool with the ray function disabled it shows 3 toggle points, combined with a 10 pip grid you will find a much better point to see where the expansion would take place.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30b.png Size: 24 KB
MY GRID. Markets are NOT random.
  • #5,195
  • Dec 14, 2022 10:41am Dec 14, 2022 10:41am
Quoting tonyb123
{quote} By using the trend line tool with the ray function disabled it shows 3 toggle points, combined with a 10 pip grid you will find a much better point to see where the expansion would take place.{image}
Tony
Obviously sensible advice but you know me by now !!!
  • #5,196
  • Dec 14, 2022 10:44am Dec 14, 2022 10:44am
Quoting OAPDave
{quote} Tony Obviously sensible advice but you know me by now !!!
MY GRID. Markets are NOT random.
  • #5,197
  • Dec 14, 2022 1:34pm Dec 14, 2022 1:34pm
I didnt think the feds could back off with inflation where it's at. And the charts really told a story, every time there is an important news event gbp trades against what is expected.....then the little pop up to the resistance (blue), a few stops hunted, it was a dead give away. Best profit taken at the daily London open...to the penny. Now hoping for a retrace to build a few shorts as this rate hike will change the landscape again is assume...

Now, fp markets did open the spread a bit and I could have done better, but hey, I can now put gas in the
Expedition. (cant afford to drive it, but it will have a full tank of fuel...lol

+45 +35 +22 +37

[email protected] is a good example of having the correct open time for London....happens all the time when there is movement, often providing very nice scalps if nothing else...
Attached Image (click to enlarge)
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  • #5,198
  • Edited Dec 15, 2022 4:17am Dec 14, 2022 3:12pm | Edited Dec 15, 2022 4:17am
Quoting Swede
I didnt think the feds could back off with inflation where it's at. And the charts really told a story, every time there is an important news event gbp trades against what is expected.....then the little pop up to the resistance (blue), a few stops hunted, it was a dead give away. Best profit taken at the daily London open...to the penny. Now hoping for a retrace to build a few shorts as this rate hike will change the landscape again is assume... Now, fp markets did open the spread a bit and I could have done better, but hey, I can now put gas in...
Swede
You are a Master of your Art
Observation seems a must have indicator for the Tool Box
  • #5,199
  • Dec 15, 2022 4:22am Dec 15, 2022 4:22am
Quoting Swede
{quote} It would sure relieve a lot of pain if every trader had this chart running on the side....they would think twice before entering on flimsy analyses....
Update


ps
Credit to Tony
Attached Image (click to enlarge)
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  • #5,200
  • Dec 16, 2022 11:29am Dec 16, 2022 11:29am
Quoting OAPDave
I Think I am Alone Now But hey who cares I am having fun Weekly {image}
You are not alone my friend....but what happens when the whole retail culture insists on a long bias, it is very hard to come to terms with flawed reasoning.
If you go to the most popular thread in FF you will find it normally has 100 to 165 members on line, if you go to it right now there are only 2. Why do you think that is? Some of these members are real gamblers and we all know what happens to gamblers when the tide changes, losses, and for some huge losses.

We all get skunked sometimes, I thought I was in the perfect spot to make a move long, instead of always short just trading the occilations. Well I was wrong and the losses were -9 -19 -24 -29 really the only losses in the past few days of trading.

Probably had I been able to hang on overnight, all could have been resolved, or not, so I decided to close early instead on hanging on to my losses just to prove I was right all along...
Attached Image(s) (click to enlarge)
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