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The Element of Time in Trading

  • #81
  • Nov 17, 2010 1:43am Nov 17, 2010 1:43am
Here's some simple Square of 9 stuff for time. I don't use it, but some may find it useful.

Concept is that turning points happen around a sequence of days following highs and lows... 46, 61, 91, 136, 151 etc.
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  • #82
  • Nov 18, 2010 12:23am Nov 18, 2010 12:23am
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  • #83
  • Nov 18, 2010 1:11am Nov 18, 2010 1:11am
Soft Report:

Nov 18th

RPT 24hours levels

Order Flow information for EU are as follow.

NOTE: .......BUY 1.3530 TP 1.3636


EURUSD:

1.3595 1.3610 1.3639 1.3695 1.3747

Pivotal Value at 1.3535--1.3550:::::::: break below SELL, above BUY

1.3492 1.3440 1.3390 1.3331


----------------------------------------------------------------------------------
Time: Asian Session:
London Session
US Session
  • #84
  • Nov 18, 2010 7:16pm Nov 18, 2010 7:16pm
Quoting Darreeb
Soft Report:

Nov 18th

RPT 24hours levels

Order Flow information for EU are as follow.

NOTE: .......BUY 1.3530 TP 1.3636


EURUSD:

1.3595 1.3610 1.3639 1.3695 1.3747

Pivotal Value at 1.3535--1.3550:::::::: break below SELL, above BUY

1.3492 1.3440 1.3390 1.3331


----------------------------------------------------------------------------------
Time: Asian Session:
London Session
US Session
Could you post your charts, please, possibly with timing analysis. Blind calls are hard for me to understand. With chart, we could see why it works or doesn't work. Thanks.
  • #85
  • Nov 19, 2010 2:16am Nov 19, 2010 2:16am
Order Flow information for EU are as follow.

NOTE: .......BUY 1.3625 TP 1.3705


EURUSD:

1.3705 1.3720 1.3740 1.3788

Pivotal Value at 1.3625 1.3650::::::: break below SELL, above BUY

1.3609 1.3600 1.3585 1.3555 1.3512


----------------------------------------------------------------------------------
Time: Asian Session:
London Session 8:06am pull back toward 1.3625-1.3650 and continuation toward 1.3705
US Session
  • #86
  • Nov 21, 2010 12:07pm Nov 21, 2010 12:07pm
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  • #87
  • Nov 21, 2010 12:17pm Nov 21, 2010 12:17pm
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  • #88
  • Nov 22, 2010 1:22am Nov 22, 2010 1:22am
great thread
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #89
  • Nov 22, 2010 2:39am Nov 22, 2010 2:39am
Order Flow information for EU are as follow.

NOTE: .......BUY 1.3760 TP 1.3780 and 1.3810

Soft Buy 1.3670 TP 1.3750

Soft Sell 1.3750 TP 1.3660

SELL 1.3600 TP 1.3500 1.3490


EURUSD: WEEKLY PARAM. IB 1.3755 --- 1.3447


1.3671 break of Buy 1.3695 1.3730 1.3755 1.3788

Pivotal Value at 1.3630 1.3645::::::: break below SELL, above BUY

1.3600 break of sell 1.3540 break of Sell 1.3488 1.3447 break of sell 1.3390


----------------------------------------------------------------------------------
Time: Asian Session: POSS.... OPEN AND RETEST OF 1.3730 - 1.3750 AND DROP..... or Possibly Open retest of 1.3640 and up we go...........
London Session: Minor reversal at open 8am GMT and then possible trend continuation at 8:40am to 8:50am GMT
US Session: Look for Continuation around 10:08 AM EST



WEEKLY SWING TRADE: ... USE SMALL LOT SIZE To AVOID BEING STOPPED OUT.....

BUY 1.3695 Target 1.3955

SELL 1.3600 TARGET 1.3540 and sell again 1.3500 TARGET 1.3395
  • #90
  • Nov 22, 2010 3:47am Nov 22, 2010 3:47am
Larry Pesavento Interview - Those into Astrology will probably ...
4 posts - 2 authors
  • #91
  • Nov 22, 2010 7:10am Nov 22, 2010 7:10am
i was wondering why so many patterns are forming,

Triangles generally form in fourth waves,this means one more impulse wave then a complete change in trend

Bryce Gilmore Geometry of Markets

Im on my third read of this book,

Pike
  • #92
  • Nov 22, 2010 7:31am Nov 22, 2010 7:31am
With all respect to my fellow traders--
We trade price and not time -- so my spin is there should be not time factor on our charts (meaning 1m 5min 15min 1hr 4hr etc) -Yes there are certain time of the day you may choose to trade.
We can apply what ever system or indicator on a rangebar chart and compare the difference
I give example on 2 different system on a 50pips range bars
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #93
  • Nov 22, 2010 8:01am Nov 22, 2010 8:01am
Quoting pikeliver
i was wondering why so many patterns are forming,

Triangles generally form in fourth waves,this means one more impulse wave then a complete change in trend

Bryce Gilmore Geometry of Markets

Im on my third read of this book,

Pike
Pike,

This is my take on currencies vs. other markets. so take it with a grain of truth or maybe it's something to make you think.

There are times when you see Elliot waves playing out perfectly, other times not, which makes you think exotic, complicated expanding corrections. What you have to understand is currencies are a pair, The Dollar against the Euro or Pound/Yen and not a singular entity such as stocks or commodities.

Being a pair, you have separate interests competing against each other, different individual Elliot patterns of the respective sovereign being meshed. Kinda like audio or sine waves can amplify or cancel each other. If both Euro and the Dollar are strong they might be ranging in comparison as they move quickly against other pairings for example.

This can also effect other aspects of charting. When you see it across the board, patterns completing on several charts simultaneously take note.

There's times when you will see an impulse and can count the waves to completion or corrective waves. Other times it's just consolidation and range and trade it as such. Keep it simple.

fwiw.
  • #94
  • Nov 22, 2010 8:40am Nov 22, 2010 8:40am
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Thanks Auxesis, your comments are always so positive.
Gann and Elliot i could never understand,last night i saw the Fib cluster form at the multi-pivot line, also the time unit came in too
I see it alternating,expanding and contracting as per ratios.Its early days and i known i should be looking a daily and weekly charts too,but i like the number 144

Pike
  • #95
  • Nov 22, 2010 10:03am Nov 22, 2010 10:03am
You may think time study does not work on "range bars without time,"but they can be used. Just because you can't doesn't mean someone else can't.

I can and do use time oriented studies on range, tick, and even point and figure charts.

fwiw,

xt
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  • #96
  • Nov 22, 2010 3:04pm Nov 22, 2010 3:04pm
i known i have only been looking at Time for a week,but in all the classic works i have read there is alway a chapter or two that include The Element of Time or ET for short.I have always only skipped through these chapters until now

Xtsunani,thanks of mentioning point and figure charts,from the little that i have read about them,i think they would be a brilliant way to study Time,

Thanks Pike
  • #97
  • Edited 4:55pm Nov 24, 2010 12:48am | Edited 4:55pm
Hello Pike,

Great to see you have started such a thread for thinking and inquiring minds! I believe Gann was big on time and price intersections. In my opinion, if you can find rhythm in price action or repeatable patterns as with Gartley patterns, then time must be involved. Why? One simple reason is because those are the parameters that are on these charts we use. Anything that we see there is already defined in terms of price and time. It's just a given. I am sure there are many other reasons.

Robert Miner has done some extensive studies on Time. I believe Carolyn Boroden studied with him. Also, Patrick Mikula has a concept of time with Pitchforks. Once the fork is drawn, you "measure" the time from Pivot 1 to Pivot 2, then from Pivot 2 to Pivot 3. Whichever is longer, you project it forward from P3. Price is expected to hit the ML of that fork within that window of time if the market is "swinging" nicely.

If I come across any other concepts on time I will surely post here. Think it is an extremely valid and needed study.

Take care and all the best,

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #98
  • Edited 2:13am Nov 24, 2010 12:58am | Edited 2:13am
Quoting zamanib
With all respect to my fellow traders--
We trade price and not time -- so my spin is there should be not time factor on our charts (meaning 1m 5min 15min 1hr 4hr etc) -Yes there are certain time of the day you may choose to trade.
We can apply what ever system or indicator on a rangebar chart and compare the difference
I give example on 2 different system on a 50pips range bars
Hello Zamanib,

I agree...we trade price for profit, but whenever you place the trade, you do so at a certain time...always. What some traders may not know is that a good percentage of orders in the market, and I am referring to orders from big traders (investment banks etc.), are programmed to be triggered at specific times. There is definitely a time element involved. Traders can choose to eliminate it in their approach and still make money, but that doesn't mean it is not involved. Have you ever noticed how price is "positioned" at market opens, news releases and when the market closes? Many times, closes are at what I call cliff-hanger scenarios. It's all scheduled...for the most part.

In addition, if most traders used Gartley patterns for example, the "big boys", who need the small retail traders to push the price, must communicate "when" they are going to trade, so the small fish can move the price once they have started the run. In order to do that, the retail traders see these wonderful "buy" and "sell" setups and entries. In order to have that, time must be involved in a consistent manner...its a rhythm...a pattern. Time is the most convenient reference because we do everything in it. Time exists now, and time is happening now. Time is actually on your side. If understanding it enhances your trading edge, why not?

Just thought I would share my thoughts with you.

Take care,

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #99
  • Nov 24, 2010 2:41am Nov 24, 2010 2:41am
Quoting auxesis
Pike,

You may want to research into some basic Gann squaring techniques, just google time/price analysis and you'll get 10 years worth of reading, lol.

Fibfabs, DGL (dynamic gann lines) and speed lines, all base to T/P analysis, see the first part of this post http://www.forexfactory.com/showpost...08&postcount=7

The approach Gann takes with lines (usually measured in halves, quarters thrids ect.) Can be taken with fib%'s Basically they take the approach that when price touches a line it is at a point where [b][i]time and...
Very well illustrated. Always like to see other approaches with the Pitchfork as a backdrop. I have always wanted to dig into Fib Fans and Gann more. Think you inspired me.

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #100
  • Nov 24, 2010 2:45am Nov 24, 2010 2:45am
Quoting pikeliver
Attachment

excuse me,you on the camel,have you seen fibonacci ?
Nice touch.

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
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