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  • #1,041
  • Edited Aug 23, 2016 6:55am Aug 19, 2016 3:28am | Edited Aug 23, 2016 6:55am
EURGBP is looking like we might see a fall from this area 1st TP 0.85644

{ copyrighted attachments deleted by staff }
  • #1,042
  • Aug 19, 2016 3:36am Aug 19, 2016 3:36am
Quoting TwoUp
G'day Hurst, Interesting conversation so far. It would be interested to find out what your take is on the EUR/AUD? What is your indicator foreseeing for this pair? Regards, TwoUp...

The indicator suggested a turn 6 bars back where the red line is I got the first sign of a possible top formation now we have to pull back a bit to give me my confirmation signal. We also have a time price squaring, a method I picked up from top fund manager. So I am expecting a nice fall sometime very soon:
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD__Price_time_square_out.png Size: 59 KB
  • #1,043
  • Aug 19, 2016 3:41am Aug 19, 2016 3:41am
Quoting Hurst
{quote} The indicator suggested a turn 6 bars back where the red line is I got the first sign of a possible top formation now we have to pull back a bit to give me my confirmation signal. We also have a time price squaring, a method I picked up from top fund manager. So I am expecting a nice fall sometime very soon: {image}

Just going to add that I have been trading too big on the account, so I dropped my positions back to $5 per pip, this allows a better feel for what can be done, anyone can get lucky and take a big position and crank up an account. Its all about risk, never fire all your bullets at one target, and never bet on one trade like it is guaranteed, it is not and never is. Keep the RR good and risk under control and keep finding great trades.
  • #1,044
  • Aug 19, 2016 3:55am Aug 19, 2016 3:55am
I was thinking 26% in a week was a wee bit aggressive, glad you cleared that up. Good calls and nice to read.
People complicate things.
  • #1,045
  • Aug 19, 2016 5:37am Aug 19, 2016 5:37am
Quoting Magixs
I was thinking 26% in a week was a wee bit aggressive, glad you cleared that up. Good calls and nice to read.

Yes, I could go over the top have closed the dax trades jumped in again, but what I really want to do is hit the high low of the day and go off and do something fun. We are suppose to be living the dream, yet we are looking at charts 10 hours a day, that's no dream. The best way is to get in on daily turns, look for your day set up stack your orders and exit at the next daily turn.

I was trading this in scalping mode as you can really build an account quickly, but really trading as a pastime sucks. I will carry on with this as I quite enjoy it and it proves a point.

Thanks for your support
  • #1,046
  • Aug 20, 2016 8:18am Aug 20, 2016 8:18am
Here is a EURAUD update, the indicator had a told me that a turn was on the cards, so i used a time and price squaring method that I learned from a hedge fund trader that is in the top 1%, he was a real Gann fan, although some of his methods are obscure, it was reading his books that got me into the final stage of my research that allowed me to crack the market vibration idea.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_UPDATE_20th_August_2016.png Size: 53 KB


So what this say is that the EURAUD is possibly in our at a top as of now. I then had a look at the EURUSD with my indicator to see what it was suggesting.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_analysis_20.8.2016.png Size: 48 KB


What I doing here is adding to my analysis by looking at correlated markets, if I am expecting EUR weakness next week I should see the indication in other EUR crosses. So Using my vibration indicator I simply check out all the EUR crosses, if they all agree then it suggests a turn in the EUR next week. So now how do you trade it. What you really want to do is look for the strongest currency to stack against the EUR, and trade that, as this could be an unwinding of risk on, the currencies that people fly to in a crisis would be my choice, so the JPY and CHF, USD would be such. So you might not always trade the currency you do the analysis on but look for the best pair that is likely to give you the best R:R etc
  • #1,047
  • Aug 20, 2016 3:52pm Aug 20, 2016 3:52pm
I have loaded up some images to my blog with a EURUSD analysis as well

http://blogs.empowr.com/MarketAnalysis2
  • #1,048
  • Aug 21, 2016 6:34am Aug 21, 2016 6:34am
Quoting Hurst
{quote} The indicator suggested a turn 6 bars back where the red line is I got the first sign of a possible top formation now we have to pull back a bit to give me my confirmation signal. We also have a time price squaring, a method I picked up from top fund manager. So I am expecting a nice fall sometime very soon: {image}
Thanks Hurst,
Is the indicator only suggesting a turn in the time frame it is loaded on? Is it showing just one turn or multiple and do you then look for confluences with other factors like time price square which is an additional indicator/technique to determine the timing of the PO?

As a short term trade the area that the indicator is suggesting on the Eur/Aud is relatively easy to detect since it also a resistance/supply/confluence area.
Interesting to learn what longer time frames like D, W and M would suggest and if they would show confluences?
Once the indicator shows a turning point does it also give you an indication of its target and would this target then be the next (opposite) turning point?
  • #1,049
  • Aug 21, 2016 7:29am Aug 21, 2016 7:29am
Quoting TwoUp
{quote} Thanks Hurst, Is the indicator only suggesting a turn in the time frame it is loaded on? Is it showing just one turn or multiple and do you then look for confluences with other factors like time price square which is an additional indicator/technique to determine the timing of the PO? As a short term trade the area that the indicator is suggesting on the Eur/Aud is relatively easy to detect since it also a resistance/supply/confluence area. Interesting to learn what longer time frames like D, W and M would suggest and if they would show...

Yes the indicator time count is related to the timeframe it is loaded on. I use it on the daily or weekly then look for a turn, once I find it on the higher timeframe I then go down to a lower time frame and use the indicator to find entries on the lower time frames. All my orders on the DAX were sells this week as the daily indicator suggested a top was coming and when the market agreed I simply marked the top and assumed that the DAX was now going to be falling until the next daily turn.

On the EURAUD we are at a really good level based on supply and demand levels, however the indicator does not look at price at all, it is only looking at time, the indicator has no idea where we are in price, The fact we are here in time and the price levels look good adds to the confidence when taking the trade. I also add in cycle dates from the past and mirror symmetry to again confirm the trade. The more factors on my side the greater the confidence I have in the trade. I also have a price discovery tool based on market structure, but it is becoming redundant due to the timing indicator being so good. I know you are a good trader at reading price, so if you know when the market is going to be at what time then price determination becomes easy, you just look for the supply or demand levels within one bar either side of the time point. I can use price discovery methods but these are a guide. Gann said price was more imortant than time and he was right.

On the larger time frames I can determine a future turning point, I will not know if it is a high or a low, however I can tell you that if you move up into a point then the chances that you will reverse out of it are very strong. If however the market turns down before the point, the chances are very good that the time point will cause a push in the same direction. So watching how price enter these points is also very educational. Ideally a good hard move into the time points are what you are looking for,
  • #1,050
  • Aug 21, 2016 8:34am Aug 21, 2016 8:34am
So if i understood correctly, the indicator is predicting moves in future time but don't know whether the turning points are going to be up or down.The up or down move is depending on the prevailing trend at the time of reaching the turning point. PA is then used to determine entry point.
You also seem to put weight on how the PA reaches the turning point. Could you please explain what is meant by,
Quote
If however the market turns down before the point, the chances are very good that the time point will cause a push in the same direction.
Does it mean that the (failed?) turning point later gets used as a springboard to propel the PA pass the turning point rather then bounce of it? (PA moves in the same direction of the prevailing trend it has entered?). Would it be like a flip zone (resistance/support turns support/resistance)? Maybe posting an example would be an idea here?
  • #1,051
  • Aug 21, 2016 9:14am Aug 21, 2016 9:14am
You are exactly right, when the market turns down before a PTP (Projected Turning Point), it is more than likely that the PTP will cause the market you are watching to then springboard off in the same direction. I will post an example on Monday for you. To cover against this, I always look to trade in the direction of the larger time frame trend. Then when this happens the trend will save you. An example of this is the AUDUSD trade, the market sprung up the turn was spot on in time. I held the trade as I knew the bigger trend was down and closed out for a profit.
  • #1,052
  • Edited Aug 23, 2016 1:46am Aug 22, 2016 2:24am | Edited Aug 23, 2016 1:46am
Removed
  • #1,053
  • Edited Aug 23, 2016 1:46am Aug 22, 2016 5:30am | Edited Aug 23, 2016 1:46am
Lucky for me I put the timing indicator on and it virtually gave me the right time to look for the reversal, so then it was a case of getting the correct level

The indicator suggests my trading day is over at least for the next 12 hours.
  • #1,054
  • Aug 22, 2016 6:28am Aug 22, 2016 6:28am
To the trolls on the forum that were unwilling to believe that it was possible, and pushed me on to launch a trade explorer, I salute you and thank you for proving not only to myself but all the other traders on this forum that the markets are not random and if you work at it long enough the solution is there.

Attached Image


you also have to consider that some of my entries were bad and that I only started this up and running 4 days ago. Damm that's an awesome pip count considering the DAX has only moved. 400 pips and that's been my main market
  • #1,055
  • Aug 22, 2016 6:56am Aug 22, 2016 6:56am
Congratulations Hurst!
Any hints on Gold? Thanks!
  • #1,056
  • Aug 22, 2016 7:20am Aug 22, 2016 7:20am
Quoting Hurst
To the trolls on the forum that were unwilling to believe that it was possible, and pushed me on to launch a trade explorer, I salute you and thank you for proving not only to myself but all the other traders on this forum that the markets are not random and if you work at it long enough the solution is there. {image} you also have to consider that some of my entries were bad and that I only started this up and running 4 days ago. Damm that's an awesome pip count considering the DAX has only moved. 400 pips and that's been my main market
Forex; the game of movements not the game of candles.
  • #1,057
  • Aug 22, 2016 7:25am Aug 22, 2016 7:25am
Quoting Hurst
Here is a EURAUD update, the indicator had a told me that a turn was on the cards, so i used a time and price squaring method that I learned from a hedge fund trader that is in the top 1%, he was a real Gann fan, although some of his methods are obscure, it was reading his books that got me into the final stage of my research that allowed me to crack the market vibration idea.
Hi Hurst, could you recommend some books on Gann which you found useful? I read all that he wrote, and some books about his work. It seems you've found success with some of the latter, so some broad directions would be very appreciated.
Thanks,
k
  • #1,058
  • Aug 22, 2016 7:58am Aug 22, 2016 7:58am
Quoting kprsa
{quote} Hi Hurst, could you recommend some books on Gann which you found useful? I read all that he wrote, and some books about his work. It seems you've found success with some of the latter, so some broad directions would be very appreciated. Thanks, k
He mentioned many times that he developed something a little different from Gann. If i am not wrong, somewhere he already mentioned that Gann laws did not work for him.
Forex; the game of movements not the game of candles.
  • #1,059
  • Aug 22, 2016 8:45am Aug 22, 2016 8:45am
There is a story here that was written by HGWells

http://www.online-literature.com/wellshg/4/

I see many similarities here with my own life.
  • #1,060
  • Aug 22, 2016 8:54am Aug 22, 2016 8:54am
superb hurst...
Success is a Journey Not a Destination....... kind regards ramzam
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