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Time and Price Forecasting

  • #5,221
  • Feb 16, 2023 11:28am Feb 16, 2023 11:28am
proper use of circle/diagonal tool,
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  • #5,222
  • Feb 16, 2023 11:37am Feb 16, 2023 11:37am
Quoting gatusandy
Hi Swede, Thanks for the prompt reply as well as thankyou for encouraging me. I have download his books which you have provided in the forum. Now can you tell me the sequence through which i should go through all the books.
Have to leave that entirely up to you....I only trade a couple of hours a day, usually tuesday to friday and only the NY session, so I'm not your person for a lot of direction nor do I have time to mentor. Hard enough to keep myself on track, let alone a novice trader. All of this will come with time and application of some of the principals put forth, only trade a demo account using these principals to start, because there are very dangerous moves when you least expect them. Always use stops, always use confirmations, etc.always be aware of pending news announcements.... Wish you the best!
  • #5,223
  • Feb 16, 2023 12:52pm Feb 16, 2023 12:52pm
Hi Parisboy,

Amazing observation and analysis. Can you provide me with the envelopes indicator and template. Also if you can guide me how to use them. I didnt understand the term time units.

thanks.
  • #5,224
  • Feb 16, 2023 12:58pm Feb 16, 2023 12:58pm
Quoting Swede
{quote} Have to leave that entirely up to you....I only trade a couple of hours a day, usually tuesday to friday and only the NY session, so I'm not your person for a lot of direction nor do I have time to mentor. Hard enough to keep myself on track, let alone a novice trader. All of this will come with time and application of some of the principals put forth, only trade a demo account using these principals to start, because there are very dangerous moves when you least expect them. Always use stops, always use confirmations, etc.always be aware...
Thanks Swede.

There is a nice mutual admiration society between you, OAPDave and Parisboy. I haven taken your valuable inputs and will work on it.
  • #5,225
  • Feb 16, 2023 10:52pm Feb 16, 2023 10:52pm
Quoting gatusandy
{quote} Thanks Swede. There is a nice mutual admiration society between you, OAPDave and Parisboy. I haven taken your valuable inputs and will work on it.
I see the value in Murray Math and grids (Dave), I see the value of envelopes, cma’s, focal points (Parisboy,) but contrary to Parisboy opinion, I also see certain tools of Jenkins that work splendidly for me, so I am alone it seems using them. The biggest problem (really the only problem) I have with the methods shown by Parisboy is the software I use being Mt4, if I had his templates and software, I would work with them more so no arguments here about effectiveness of those methods.

But you see, I only trade an hour or two daily, and only the NY session basically, leaving not much time to become proficient with methods other than what I use. Also, only trade a couple currencies, never crypto or indices so no opinion there at all.
  • #5,226
  • Edited 7:08pm Feb 17, 2023 4:51am | Edited 7:08pm
Quoting Swede
{quote} I see the value in Murray Math and grids (Dave), I see the value of envelopes, cma’s, focal points (Parisboy,) but contrary to Parisboy opinion, I also see certain tools of Jenkins that work splendidly for me, so I am alone it seems using them. The biggest problem (really the only problem) I have with the methods shown by Parisboy is the software I use being Mt4, if I had his templates and software, I would work with them more so no arguments here about effectiveness of those methods. But you see, I only trade an hour or two daily, and...
Swede I want to dissipate some misundertandings and clarify what I think of Jenkins tools and methods.

I never thought that Jenkins tools do not work. I just wrote many times to Jenkins believers and adulators "show me in a detailed way how you make it working" and " show me that in a persistent way (let's say during a week using the same tool(s) to trade"

In short Jenkins "followers" take critics about their personal behavior as a criticism against Jenkins himself to defect my questions.

Jenkins tools de facto are not applicable and not applied by the general public.
I have posted PDF's on this thread which were downloaded by the thousands between 4.000 occurences up to 10.000.
Have you seen somebody posting on this thread (or other thread) a Jenkins chart , an analysis à la Jenkins etc
Where are those guys ?

I was invited on a Gann discord where I have several times written that you were the only guy I know who persistently and publicly uses several Jenkins tools.

Roughly these guys post from time to time a Chart without comments supposed to be à la Jenkins, in another message they write how great Jenkins is and that they are Jenkins private students, have signed a NDA and can't say nothing. Which is unuseful to anybody
  • #5,227
  • Feb 17, 2023 4:58am Feb 17, 2023 4:58am
kind of
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  • #5,228
  • Feb 17, 2023 10:09am Feb 17, 2023 10:09am
@OAPDave....went to review all your posts from yesterday and they are gone....sorry I missed them, feel free to repost, as I said I only trade a couple hours per day now, mainly Tue to Fri.

All I can say is "Bloody Hell" what happenned with your hospital visit?
  • #5,229
  • Feb 17, 2023 10:19am Feb 17, 2023 10:19am
Quoting parisboy
{quote} Swed I want to dissipate some misundertandings and clarify what I think of Jenkins tools and methods. I never thought that Jenkins tools do not work. I just wrote many times to Jenkins believers and adulators "show me in a detailed way how you make it working" and " show me that in a persistent way (let's say during a week using the same tool(s) to trade" In short Jenkins "followers" take critics about their personal behavior as a criticism against Jenkins himself to delect my questions. Jenkins tools de facto are not applicable and not...
No misunderstanding at all, and no offence taken......I agree, where are all the Jenkins guys?????, I seem to be the only one who uses a few of his tools to trade, and even then one could say I use them sparingly...some work well, others work best for indices, crypto etc. None of them work if you don't have an understanding of support/resistance in the first place as the bare chart below in the GBP trade this week. I really didn't need jenkins or any other indicator to take the trade but the Grid box helped guide the way down for certain as level after level was broken. (And his teachings about Identifying an impulse wave and the measurments from them are pure gold for me....see shaded box)
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  • #5,230
  • Feb 17, 2023 10:28am Feb 17, 2023 10:28am
And dont think for a minute I am discounting your envelopes.....lol
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  • #5,231
  • Edited 11:34am Feb 17, 2023 10:51am | Edited 11:34am
Hi Swede
As I have said you are well aware of my style of trading
Russian Dolls
or
Octaves within Octaves
just showed a few pictures as me and my style as be bashed on another thread and your post motioning me boosted my confidence a little
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  • #5,232
  • Feb 17, 2023 11:51am Feb 17, 2023 11:51am
It all depends on what and how the trader analyzes his own charts.....that is why I try to keep an open mind when viewing others charts and try to place myself in their mind, and why a valid trade becomes a valid trade in the first place.

As I said before, there are a few things that work well for me and it involves the division of an impulse wave. The one below was drawn because it is the predominant wave that contained price within its outside border to complete the whole rectangle. Then, extensions of each level are the division by 4 of the initial wave and we all know the power of 25%, 50%, 75%, (especially 50%). Look how price bounced off these extensions and the only reason we see them is the grid indicator custom made for mt4 (thanks jeanlouie)

Now, we still use stops, we still use sense of reason regarding event based trades, we still manage the trade once in, but these represent valid trades producing 150 to 300 pips, with 20-50 pip stops....yes they take time, and yes much patience needed, but the rewards are awesome.
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  • #5,233
  • Feb 17, 2023 11:55am Feb 17, 2023 11:55am
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  • #5,234
  • Feb 17, 2023 11:58am Feb 17, 2023 11:58am
Quoting gatusandy
Hi Parisboy, Amazing observation and analysis. Can you provide me with the envelopes indicator and template. Also if you can guide me how to use them. I didnt understand the term time units. thanks.
I do not use MT4 but TradingView
  • #5,235
  • Feb 18, 2023 3:41am Feb 18, 2023 3:41am
Quoting OAPDave
Hi Swede As I have said you are well aware of my style of trading Russian Dolls or Octaves within Octaves just showed a few pictures as me and my style as be bashed on another thread and your post motioning me boosted my confidence a little {image} {image} {image} {image} {image} {image}
Of course if you are an Octave fan (think you can count them on one hand ) you only have to set your chart once , by means of your Fib tool (modified) then you can just go to what ever timeframe you prefer
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  • #5,236
  • Feb 18, 2023 7:43am Feb 18, 2023 7:43am
Quoting OAPDave
{quote} Of course if you are an Octave fan (think you can count them on one hand ) you only have to set your chart once , by means of your Fib tool (modified) then you can just go to what ever timeframe you prefer {image} {image} {image} {image} {image}
Dave ,I am a real Octave fan ( and an old one) !
  • #5,237
  • Feb 18, 2023 8:34am Feb 18, 2023 8:34am
Quoting parisboy
{quote} Dave ,I am a real Octave fan ( and an old one) !
You my friend to me are the best trader and have shown that live trading many many times on here
I remember when you and Swede done a session together , I just watch in amazement
My problem and for once I do after agree with my wife
I cannot multi task
TBH I have never put my efforts with Murrey to bed and I hate un finished business
I read your thread every day and always say to myself , should I could I !!!
Swede, another great guy and trader with a fantastic open mind brings some incredible stuff to the thread and quietly and calmly makes it work for him
Bumped into another couple of guys who seem real good traditional Gann purists, whos work is well worth a look
Then theirs me hanging on to all your coat tails , as my eyes see something in Murrey
Must be nuts, yes think my wife would agree with that
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  • #5,238
  • Edited 2:14pm Feb 18, 2023 10:00am | Edited 2:14pm
Quoting parisboy
{quote} Dave ,I am a real Octave fan ( and an old one) !
i agree with octaves use...you can set the grid tool shown to divide the Overall Major impulse wave by 8, or the overall swing by 8, or any frame by 8, leaving your fib tool free for intra day trading. I honestly thought once the tool was up and running that we would see many traders using it, I was wrong obviously. Tons of trade opportunities on this chart imho

Or, using just the 1 hour chart and measuring from last weeks most significant impulse with octaves extensions we see some absolute great entries...undeniable
evidence how well the octaves work to identify potential entries..
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  • #5,239
  • Feb 19, 2023 6:46am Feb 19, 2023 6:46am
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  • #5,240
  • Feb 19, 2023 7:12am Feb 19, 2023 7:12am
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