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"Time After Time" Open Forum

  • #21
  • Apr 1, 2009 6:46pm Apr 1, 2009 6:46pm
a couple of friends from work and i were discussing 3D charting and this is what we came up with.

we all know what a candle looks like. it has open high low close, but it doesn't show you for how long the candle stayed at a certain price. so what we came up with is that the z axis would show how long a currency stayed at a certain price within a candle or how many ticks occured at a certain price within a candle. this is what it would look like:

http://i203.photobucket.com/albums/a...fghnfgnfgn.jpg http://i203.photobucket.com/albums/a...dsfbdfbdfb.jpg


obviously, it's a crude drawing and doesn't give a perfect example, but you can get a basic idea of what i'm talking about. basically, the bigger the bar, the longer the price stayed at that point or the more ticks happened at that price.

it was just an idea we had and it sounds cool. obviously you couldn't use it with a whole chart, but maybe you could select a few bars or whatever. just my two cents.
  • #22
  • Apr 1, 2009 10:10pm Apr 1, 2009 10:10pm
Quoting blacksun1
a couple of friends from work and i were discussing 3D charting and this is what we came up with.

we all know what a candle looks like. it has open high low close, but it doesn't show you for how long the candle stayed at a certain price. so what we came up with is that the z axis would show how long a currency stayed at a certain price within a candle or how many ticks occured at a certain price within a candle. this is what it would look like:

http://i203.photobucket.com/albums/a...fghnfgnfgn.jpg...
I think it would make more sense as a topographical 3d map. It would be easier to read at least. Otherwise, I definitely agree with the premise.

Something like this:
Attached Image (click to enlarge)
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  • #23
  • Edited 8:57pm Apr 8, 2009 8:34pm | Edited 8:57pm
There is another view on time and that is the concept expressed by Peter Steidlmayer " market profiling" and now used by CBOT.

His Time at Price leads to his Point of Control price . As price discovery proceeds various points of control finally coalesce in a set of mega point of control, which may be built up over months to years.

this simulation shows how if the invisble hand tosses a price to various heirachy of filters ie interpreters, then a skewed normal distribution emerges from "God's" price.

The objective is to guess this price and then evaluate the guess via watching time at price intervals.

I have always come up against a brick wall in closing the loop with this method over the last 7 years. But Bemacs recent 46/53 concept allows some progression on developing Steidlymayer as an interesting predictor to attempt to discover central bankers "invisble price".
  • #24
  • Apr 6, 2010 2:29am Apr 6, 2010 2:29am
Quoting jsh01
There is another view on time and that is the concept expressed by Peter Steidlmayer " market profiling" and now used by CBOT.

His Time at Price leads to his Point of Control price . As price discovery proceeds various points of control finally coalesce in a set of...
Hey look, it's been a year since I took off from this thread. coolio.

Market Profile is something I played around with quite a bit a few years ago. I liked the general concept of applying the bell curve standard distribution model. I ended up developing an entire system around the concept and was really killing it in terms of nailing every little nook and cranny. That system I made had timing aspects that, while not always spot on, were enough to get me thinking about the nature of the X axis and hence on the road to finding out if time could be used as an indicator. Even though I haven't used that system in years, hearing the words market profile always reminds me of how my journey on the time quest began.
  • #25
  • Apr 6, 2010 2:33am Apr 6, 2010 2:33am
Quoting Skyhook
I think it would make more sense as a topographical 3d map. It would be easier to read at least. Otherwise, I definitely agree with the premise.

Something like this:
I had actually built something like that using data off of multiple time frames. It was cool to look at, but it didn't really yield anything extremely useful at the time. However, the concept of common numbers across the time frames was a huge benefit and made me a lot of pips. But graphically, it was just a cool image and not the easiest to form decisions from.
  • #26
  • Apr 6, 2010 2:35am Apr 6, 2010 2:35am
Quoting doblece
Indeed price waves evolve in 3D (it can be seen much easier by setting up a Gann Grid). There is an additional movement though, which is rotation: the 3D scene is not static, or seen from a single angle. It slowly rotates and has to be permanently adjusted to keep seeing the 3D relationship. Most indicators are static (trendlines for example) and make it difficult to follow the evolution of the prices in their own path. Maybe the COG? I personally use Andrew's Pitchforks which I keep on adjusting as the price rotates.
Yes! Someone who gets it! Sorry I missed this post last year.
  • #27
  • Apr 6, 2010 7:27am Apr 6, 2010 7:27am
i've added the fib time tool to usd cad. it looks like the 8th extension could well coincide with parity.

complete newb at this style of trading, but is the time tool applied correctly. i took it from the first high/low?

because of the psych no, and it approaching the 8th extension, we'd be looking at a reversal trade?

if a reversal comes before the time line is reached, do you assume a follow through? (i'm looking at what happend at the 5th extension, follow through failed).


(ignore the trade showing. based on trendline bounce)
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bull in a china shop
  • #28
  • Apr 6, 2010 7:44am Apr 6, 2010 7:44am
also, do you 'force fit' the fib time. i extended is so that 5 and 8 match reversal points. it would make 12.30pm on the 7th of April 2010 a very auspicious moment
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bull in a china shop
  • #29
  • Apr 6, 2010 10:44am Apr 6, 2010 10:44am
Nice. I've played around with the mt4 fib time tool a little, but never could find anything to stick consistently to build a method around.

One of the issues to keep in mind is that the blank space on the chart to the right of price is on a different time scale than the price populated part of the chart. So it doesn't do any good to project a time marker and put an actual time stamp on it. You just have to wait for price to reach that point and let the mt4 chart scaling work itself out. Not to mention weekends. So what I'll do is workout projections elsewhere and then either manually or through script, draw in vertical lines with a specified time stamp. They'll look weird on the right, but as price reaches them or passes them, it all scales up normally.
  • #30
  • Apr 6, 2010 11:00am Apr 6, 2010 11:00am
Quoting JR97
Otherwise I'd just go play poker with my money.
A game that can yield profits also.
  • #31
  • Apr 6, 2010 12:58pm Apr 6, 2010 12:58pm
Anyone ever considered Price and Time as an ERM (Entity Relationship Model)?

A Price can occur on several Dates and Times. You can have EUR/USD at 1.3323 multiple times during the day but for every unique moment there is just one price. Does that mean that you only have to analyse time and get the price with it?
  • #32
  • Apr 6, 2010 2:57pm Apr 6, 2010 2:57pm
Here are 2 daily candles and a 15 minute line chart for the same period..... 4/5/10-4/6/10
Not quite sure how it may relate but maybe something to think about.
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  • #33
  • Apr 6, 2010 10:27pm Apr 6, 2010 10:27pm
Quoting TJPLD
Anyone ever considered Price and Time as an ERM (Entity Relationship Model)?

A Price can occur on several Dates and Times. You can have EUR/USD at 1.3323 multiple times during the day but for every unique moment there is just one price. Does that mean that you only have to analyse time and get the price with it?
Interesting thought. I've actually got a theory somewhat related to that concept. But in my opinion, the answer is no due to the fact that I think we're dealing something akin to the law of relativity. In the Gann world, price = time much like in Einstein's world space = time. I'll write up more on the idea later.
  • #34
  • Apr 6, 2010 10:42pm Apr 6, 2010 10:42pm
Quoting tradestar1
Here are 2 daily candles and a 15 minute line chart for the same period..... 4/5/10-4/6/10
Not quite sure how it may relate but maybe something to think about.
It does relate and it is something I have thought about and actually practice regularly. It doesn't have much to do directly with forecasting time as much as I think it has to do with viewing a section of time. For a lot of my work where I'm looking to trade off of 4h or daily charts, I'll take a 30 min chart and compress it L-R as much as possible. Doing so I can see the information that actually forms a daily candle.
  • #35
  • Apr 6, 2010 10:55pm Apr 6, 2010 10:55pm
Quoting JR97
It does relate and it is something I have thought about and actually practice regularly. It doesn't have much to do directly with forecasting time as much as I think it has to do with viewing a section of time. For a lot of my work where I'm looking to trade off of 4h or daily charts, I'll take a 30 min chart and compress it L-R as much as possible. Doing so I can see the information that actually forms a daily candle.
That was my initial thought as well..... having 1 or 2 daily candles open then have a MUCH shorter time frame next to it really clears up the daily gyrations.
  • #36
  • Apr 6, 2010 11:03pm Apr 6, 2010 11:03pm
Quoting tradestar1
That was my initial thought as well..... having 1 or 2 daily candles open then have a MUCH shorter time frame next to it really clears up the daily gyrations.
My journal has a lot of charts showing where I compress the crap out of charts. I never really got into candle or bar reading, so I it's no biggie that each candle/bar loses it's definition. All I need to see is color coded direction.

http://www.forexfactory.com/showthre...t=42407&page=3
  • #37
  • Dec 19, 2010 4:55pm Dec 19, 2010 4:55pm
great thread
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #38
  • Dec 23, 2010 6:43pm Dec 23, 2010 6:43pm
Quoting auxesis
Imho, price moves in circular motions, or if traveling through distance price would be contained in a cylinder, on a 2 dimensional chart it would be seen as a channel if you can visualize it. If it was moving away it would be seen as a wedge or cone as the cylinder visually grows smaller as it travels off in a distance.

Definitely a challenge...will give it some thought.

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #39
  • Mar 25, 2011 12:53am Mar 25, 2011 12:53am
Quoting auxesis
Imho, price moves in circular motions, or if traveling through distance price would be contained in a cylinder, on a 2 dimensional chart it would be seen as a channel if you can visualize it. If it was moving away it would be seen as a wedge or cone as the cylinder visually grows smaller as it travels off in a distance.

http://www.forexfactory.com/showpost...4&postcount=54
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #40
  • Mar 25, 2011 12:57am Mar 25, 2011 12:57am
Quoting blacksun1
a couple of friends from work and i were discussing 3D charting and this is what we came up with.

we all know what a candle looks like. it has open high low close, but it doesn't show you for how long the candle stayed at a certain price. so what we came up with is that the z axis would show how long a currency stayed at a certain price within a candle or how many ticks occured at a certain price within a candle. this is what it would look like:

http://i203.photobucket.com/albums/a...fghnfgnfgn.jpg...
I really, really, REALLY like this concept!
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
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