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The Element of Time in Trading

  • #101
  • Edited 8:55am Nov 24, 2010 2:53am | Edited 8:55am
Quoting Darreeb
well pike,,
I'm glad to help in anyways... time is the most important element in trading.
understanding how price travels thru time is and edge that any trader can master in a simplified way..
I' m gonna explain how to figure out price also.....

lets use the same example as before... This is not Order flow,, however it something that will help traders..
I don't use any indicators on my screen. in fact..I'm color blind any indicators on...
Hello Darreeb,

Don't know if this was answered yet...

To post a chart from MT4, simply right-click on the chart, then select Save As Picture.

From there, select Active Chart, then you have the option to name the file and save in a folder.

Next, to upload the chart you proceed to post as you would normally do here. If you scroll down a little, you will see an option to Manage Attachments. There you select the file you saved and upload it.

FX4Newbies

P.S. Sorry if this is a duplicate...went past a bit and did not see a reply. Newer viewers may not go from the beginning so I thought I would get it done now.
Trade what you see, not what you think or feel. Let the market come to you.
  • #102
  • Nov 24, 2010 4:58pm Nov 24, 2010 4:58pm
Quoting FX4Newbies
Hello Zamanib,

I agree...we trade price for profit, but whenever you place the trade, you do so at a certain time...always....
Time on a chart has nothing to do with the what time of the day we trade -- we trade price-- if you look at GU see how it move in block of 50 pips see these levels 00 and 50 levels -- big trades wait when the price is right and nnot the time is right -- how often we see big price movement without any news (non news time)
Yes there is no doubt you can choose what time you want to trade -- but non of this 1min 5min 1hr 4hr
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #103
  • Edited Nov 25, 2010 1:23am Nov 24, 2010 5:35pm | Edited Nov 25, 2010 1:23am
Quoting zamanib
Time on a chart has nothing to do with the what time of the day we trade -- we trade price-- if you look at GU see how it move in block of 50 pips see these levels 00 and 50 levels -- big trades wait when the price is right and nnot the time is right -- how often we see big price movement without any news (non news time)
Yes there is no doubt you can choose what time you want to trade -- but non of this 1min 5min 1hr 4hr
Hello again Zamanib,

I understand your points, but seems like there is an overlap of concepts...time on a chart; best times of the day to trade and time-frames used in trading. The context of how these terms are being used needs to be clearly defined. Otherwise our communication may become clouded.

I agree that price tends to move around certain price levels. But, I happen to believe it is also a timed situation. It would be interesting to chart these occurrences over 30 days and see how it plays out. The "big boys" have an idea when these 50 pip moves for example will happen. Why? Because they are responsible for moving the price to those key levels at certain times, and especially when the majority of traders are in the market. Like I said in another post, much trading is programmed to happen at certain times...and even to the minute. By the way, I don't think I said that big moves only happen at news time. Was just commenting on the positioning of price at certain key times as examples.

Regarding time-frames...they can be used very effectively in timing when the move is likely to occur. I think each trader uses what works and uses it based on their understanding of it. Some traders use time very effectively, some just price, others pivots etc. etc. There is some degree of validity if consistent results occur using the same approach. Just continue to do what works for you.

That's all I can say on this topic at this time. Just keep making pips. Agreed?

Wishing you well in your trading,

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #104
  • Edited 12:47am Nov 25, 2010 12:27am | Edited 12:47am
Has anyone noticed the big runs in price that seem to occur just before or after a major holiday in the U.S.? Just look at this week and the last holiday a few weeks ago? Were they by chance or scheduled (planned and timed)? Mmm...

Everything in trading is tied to life in the real world. Trading is just a mirror of it. Currencies are that mirror for those who trade FX. We need to see price action in that context. Then things can begin to make a little more trading sense. If you ignore context (current price action in relation to previous price behaviour) even in your technical analysis, you will find yourself being stopped out quite a bit. Train yourself to pay attention to the whole picture.

Take care,

FX4Newbies

P.S. Happy Thanksgiving (Turkey Day) to U.S. traders.
Trade what you see, not what you think or feel. Let the market come to you.
  • #105
  • Nov 25, 2010 2:44am Nov 25, 2010 2:44am
Quoting auxesis
Pike,

Speaking from personal experience, When you first start getting into Time/Price analysis, it's like and I quote, "taking a drink from a firehose".

There's many, many different ways to look at T/P, just like traditional methods....
Good words of wisdom Auxesis. It is always the understanding of the "why" behind it all. When we miss it, we find ourselves grabbing at straws and making up things that don't work over the long-term.

Like you rightly said, the tool only performs as well as the person using it. Making the approach your own is where it is. Many traders give up before they get there.

Appreciate your comments much. Good insights.

Take care,

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #106
  • Nov 26, 2010 1:11am Nov 26, 2010 1:11am
Timing works and it doesn't have to be complicated. A leading indicator that can pinpoint market tops and bottoms. It works on holiday too...yielding over +100 pips
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  • #107
  • Nov 26, 2010 1:46am Nov 26, 2010 1:46am
anthoniex,

do you have any experience to determine the next turning point by using the last 2 and/or 3 highs ?

http://yfrog.com/mndeurusd902511g

Sixer
  • #108
  • Nov 26, 2010 1:53am Nov 26, 2010 1:53am
Quoting Sixer
anthoniex,

do you have any experience to determine the next turning point by using the last 2 and/or 3 highs ?

http://yfrog.com/mndeurusd902511g

Sixer
very limited.
  • #109
  • Nov 26, 2010 9:25am Nov 26, 2010 9:25am
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i dont known if it will be a high or low,but i do expect
something to happen when price reaches the black line.

Pike
  • #110
  • Edited 3:45pm Nov 26, 2010 9:36am | Edited 3:45pm
Quoting anthoniex
Timing works and it doesn't have to be complicated. A leading indicator that can pinpoint market tops and bottoms. It works on holiday too...yielding over +100 pips
Great, even on a holiday! I find holiday trading can be a bit of a challenge...a little choppier; shallow swings. I notice your vertical time lines are uniformed. Are you using Cycle Lines? Do you find them (whatever you do use) consistently reliable?

Take care,

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #111
  • Edited 3:06pm Nov 26, 2010 11:48am | Edited 3:06pm
Quoting FX4Newbies
Great, even on a holiday! I find holiday trading can be a bit of a challenge. I notice your vertical time lines are uniformed. Are you using Cycle Lines? Do you find them (whatever you do use) consistently reliable?

Take care,

FX4Newbies
Yes, just simple Cycle Lines. If they line up almost perfectly, they are very reliable on any timeframe.
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  • #112
  • Nov 26, 2010 3:36pm Nov 26, 2010 3:36pm
Quoting anthoniex
Yes, just simple Cycle Lines. If they line up almost perfectly, they are very reliable on any timeframe.
Thanks. A good simple way for traders to introduce time into their trading. Can't wait to see Pike's chart and the black line. Any special tricks if they don't almost line up? Maybe it is a sign that that particular trading instrument doesn't have a good rhythm. Just a thought, but it would be nice to know what other options there are with this tool.

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #113
  • Edited Nov 27, 2010 5:43am Nov 26, 2010 4:28pm | Edited Nov 27, 2010 5:43am
Quoting FX4Newbies

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.
Hello traders,

Saw this today on Gbp-Jpy that was a perfect example of a method to anticipate when price "could" arrive at the ML. Details of how it is done are in the quote. Notice how price hit the ML within the green box: the estimated time of arrival zone. May not be a fool-proof method, but is a handy guide. Actually saw it in real-time, but was not able to save it at that time.

Also, price at ML was around 131.43...close to a round number that is said to be where orders tend to be placed...40's, 50's etc.

Take care,

FX4Newbies

P.S. Not trying to make this a Pitchfork thread, just showing a timing tool that works with forks.

NOTE: " 'Measure' the time" in the quote...same as counting candles. Count starts with the candle that forms the pivot.
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Trade what you see, not what you think or feel. Let the market come to you.
  • #114
  • Nov 26, 2010 4:53pm Nov 26, 2010 4:53pm
Quoting FX4Newbies

P.S. Not trying to make this a Pitchfork thread, just showing a timing tool that works with forks.
Fwiw....... my own take on things,

Pitchforks are made and carry information from the previous two swings???, it would seem natural that the timing would be too????
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  • #115
  • Nov 26, 2010 4:59pm Nov 26, 2010 4:59pm
Quoting auxesis
Fwiw....... my own take on things,

Pitchforks are made and carry information from the previous two swings???, it would seem natural that the timing would be too????
Would certainly seem that way. On your second chart, looks like a parallelogram was in the making. Just skewing that squaring concept a little in my mind to see how the diagonals etc. would fall. Will have to look at it a little closer.

The orange-coloured line is interesting...the same distance below the ML off of what looks like a measured move...more food for thought.

Question: On the last chart, what is the reasoning behind where the top of the orange-coloured line is placed? Will have to come back to it shortly and focus .

Thanks for sharing,

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #116
  • Nov 26, 2010 5:13pm Nov 26, 2010 5:13pm
Quoting FX4Newbies
Would certainly seem that way. On your second chart, looks like a parallelogram was in the making. Just skewing that squaring concept a little in my mind to see how the diagonals etc. would fall. Will have to look at it a little closer.

The orange-coloured line is interesting...the same distance below the ML off of what looks like a measured move...more food for thought.

Thanks for sharing,

FX4Newbies
The Orange lines are just marking the time/end of measured moves. There's several ways to look at these, including arcs or ellipses to measure, which can adjust for price's being behind or ahead of the time line.

parallelogram concept or ab=cd can be valid as long as harmonics are in place. What skews the math is when the ratios are 3D.

Regards,
  • #117
  • Edited 5:55pm Nov 26, 2010 5:16pm | Edited 5:55pm
Quoting auxesis
The Orange lines are just marking the time/end of measured moves. There's several ways to look at these, including arcs or ellipses to measure, which can adjust for price's being behind or ahead of the time line.

parallelogram concept or ab=cd can be valid as long as harmonics are in place. What skews the math is when the ratios are 3D.

Regards,
Okay. That I saw. So I presume, you are not using them to compare the measurement of a price variation/discrepancy as well. Thought there was a measurement/comparison from the MLs. Thanks for the reply.

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #118
  • Nov 26, 2010 6:43pm Nov 26, 2010 6:43pm
Quoting FX4Newbies
Okay. That I saw. So I presume, you are not using them to compare the measurement of a price variation/discrepancy as well. Thought there was a measurement/comparison from the MLs. Thanks for the reply.

FX4Newbies
A good read for the above, Four-Dimensional Stock Market Structures and Cycles by Bradley Cowan.

it can open some doors on the possibility of harmonic relationships between two price/time vectors on multidimensional levels...... if your into brain strain.

regards,
  • #119
  • Edited 9:28pm Nov 26, 2010 7:12pm | Edited 9:28pm
Quoting auxesis
A good read for the above, Four-Dimensional Stock Market Structures and Cycles by Bradley Cowan.

it can open some doors on the possibility of harmonic relationships between two price/time vectors on multidimensional levels...... if your into brain strain.

regards,
A brain strain...sounds like it for sure. Will dig into Bryce Gilmore's book, then graduate s-l-o-w-l-y..... Interesting that you should use the term "vector": one of the main reasons I like the Pitchfork.

I have to ask...do understanding these multidimensional levels assist in analyzing price charts in two dimensions? Do they help with the visualization process?

Thanks again,

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #120
  • Nov 26, 2010 7:24pm Nov 26, 2010 7:24pm
Quoting FX4Newbies
A brain strain...sounds like it for sure. Will dig into Bryce Gilmore's book, then graduate s-l-o-w-l-y.....

Thanks again,

FX4Newbies
Ai-ya Gilmore's a good read, his take on Gann squaring is mainstay with many and written in an understandable text. Cowan will give you headaches, but a different approach as he looks at the markets along similar lines except on an elliptical 3D basis.

It was mentioned earlier, you can get as deep or shallow as you want when digging into these types of analysis. One of the best traders I ever met, used basic time/price and some simple geometric analysis mixed with good money management.

I just throw it out there for those who like swimming in the deep end.:nerd:

regards,
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