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Interesting chart for AUD. BIG RED NEWS, Two potential targets with equal proximity from the current price. Which one will they attack first or BOTH?

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Always learning
Quoting TimeTells
{quote} Okay, I also read back the last few pages and see that you did ask Dave like I just did then to add some of the thoughts he has at the time, and as he sees (and trades) the Indi around say the [2/8] reverse-buy line.
If Dave can show us what he does, or thinks, at a line like the [2/8] for example might assist new traders with this indi template. (and Less is More - love it )
That is why it's best to reply the post by clicking on "quote".

Otherwise this thread would make no sense at all.

Red Flag for me is when the word "prediction" and "predictable" capability, get thrown around about an indicator.

Great line to sell courses & indicators for thousands of pounds, if youdon't succeed with it, then you aren't clever enough.
Follow the Money
Quoting fxpider
Interesting chart for AUD. BIG RED NEWS, Two potential targets with equal proximity from the current price.
Which one will they attack first or BOTH? {image}

Hi fxp,

Yes we just sit tight lol.

I call this chart below (on yet a 4th template I have lol) "Everyone Is Waiting"

.
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Quoting TimeTells
{quote} Hi fxp, Yes we just sit tight lol. I call this chart below (on yet a 4th template I have lol) "Everyone Is Waiting" . {image}
For today, EUR looks more bearish than GBP. I have a few EUR cross-charts loaded for LONDON and NY sessions. so far, nothing happening in ASIA, I better go for an extended early lunch and save myself from an impulsive trade.
Always learning
Good morning pete
How are you i hope you are doing well, can u please explain
,,, THE FRACTAL NATURE OF THE MARKET ,, each time frame completes the next one ,,, they are ALL apart of each other ,, and a trader MUST look into each time frame because ,,, THEY COMPLETE EACH OTHER AS A FULL PICTURE ,,,
Quoting TimeTells
{quote} Yes, I have operated the MMLines many years ago, so the Maths (and Gann commonality of the eighths) I am also familiar with. The 'trouble' (if i can call it that) with the Indi as i saw it is that it PRE-supposes that a certain line (eighth) has a SET function for the market to respond to. ie [2/8] Pivot buy (Reverse) When clearly there is a [1/8] line SO just buying/reversing/pivoting AT that 2/8 line as a trade suggestion is fraught with danger imho because even the developer, Murrey himself, says there is a [1/8] and [0/8] (and more),...
Yes agree if someone used them without proper understanding they could be costly. Had a brief look at these numbers but just see no use to replace what I already understand. But if anyone can show their use it would be good discussion. As I don't live here on the forums I may not see content until days later and may not answer posts at all. Just too much else going on.
Quoting fxpider
{quote}
For today, EUR looks more bearish than GBP.
I have a few EUR cross-charts loaded for LONDON and NY sessions. so far, nothing happening in ASIA,
I better go for an extended early lunch and save myself from an impulsive trade.

Hi fxp,

Yep that is good thinking imho.

The Impulsive Trade is a BIG discussion, a Trade where "once begun" we can get into bother, save ourselves from bother, get into bigger bother, extract ourselves again and then add to positions (please - above SL only, never below if WE CAN CONTROL OURSELVES and folks will know what I mean, we've all been there and LEARNED the hard way).

The attractiveness of the Impulsive Trade and I should say THAT Trade is where I "cut my teeth" discretionally and learned quicly what the market IS and what it CAN do. And WHY I do not challenge it anymore (or I limit myself), not because it is a guaranteed loser, as it is NOT (which is why folks go back for more pain lol) BUT IMHO what the Impulsive Trade does do ---- is take up so much valuable TIME when you/we could be trading something else more profitable right now
(instead of rescuing from DD to TP or BE - which CAN be done of course, but WHY do it to yourself).

Let the market do the runner for us, I say lol. They have to move price eventually.

Okay. Enough lol.

EURGBP. Don't know it, small volatility as I remember.
Not much point in Asia imo as both Centres are still Closed and any Volatility will likely be on very thin Liquidity, meaning when WE enter then WE become the Liquidity that the market looks for and can have their fun with (maybe at our expense).

Yes, It has been running SELL on my tempaltes (all of them lol, which is handy) but when does it exhaust who knows.
I have EG Line Targets, one down at 0.89000 RN and again lower at 0.88750 RN-Q while above at 0.89650 (non RN) and then 0.90000 (RN)
(for what that's worth lol, a grain of salt maybe).

Have a snooze and come back refreshed for the pre-Frank/London wake up.

cheers pal
Quoting FocusWinReal
{quote}
Yes agree if someone used them without proper understanding they could be costly. Had a brief look at these numbers but just see no use to replace what I already understand. But if anyone can show their use it would be good discussion. As I don't live here on the forums I may not see content until days later and may not answer posts at all. Just too much else going on.

Good points FWR.

I mean you could even set up your Fibo tool at the "eighths" and the extreme eighths above-below
meaning your TASK as a Trader then is to just CHOOSE the Swing Point Anchors for 0% and 100%.

all the best, trade well
Quoting venkatredy
Good morning pete How are you i hope you are doing well, can u please explain ,,, THE FRACTAL NATURE OF THE MARKET ,, each time frame completes the next one ,,, they are ALL apart of each other ,, and a trader MUST look into each time frame because ,,, THEY COMPLETE EACH OTHER AS A FULL PICTURE ,,,

Hi V,

Yes you are correct. Our CHALLENGE of course, always, is .... WHAT do we look FOR and then what do we SEE.

Fractal, in Forex, just means (to me) similar behaviour on the different Timeframes. It can highlight mutiple successive price moves in the same direction (over 15m, 1hr, 4hr, 1dy, 1Wk etc) or maybe shows ranging moves of a similar nature within a varying number of pips of days.

Any more than that must be only answered by George, as I do not paraphrase (or try not to) what other folks offer as THEIR understanding of the market.

(Edit: for example, GBPJPY right now looks the same on a 1hr, 15m and 5m chart showing a fractal nature. I cannot trade any of that fractal knowledge though, I trade (try to lol) the market mechanics when they occur. At present I am only posting as I havent traded this morning on GJ yet lol.

Best wishes to you V.
Quoting TimeTells
{quote} Hi V, Yes you are correct. Our CHALLENGE of course, always, is .... WHAT do we look FOR and then what do we SEE. Fractal, in Forex, just means (to me) similar behaviour on the different Timeframes. It can highlight mutiple successive price moves in the same direction (over 15m, 1hr, 4hr, 1dy, 1Wk etc) or maybe shows ranging moves of a similar nature within a varying number of pips of days. Any more than that must be only answered by George, as I do not paraphrase (or try not to) what other folks offer as THEIR understanding of the market....
Thank you pete
I would like to get reply from Andy , Kelvin and other members about fractal nature
Waiting time or wasting time, snorex again today, while sometimes in Asia they can do 100 pips here lol.

Two trades only, now get some lunch/dinner.
Not much to write about, not massive & not great for glory, just day trading scalps "with" current direction
For what its worth I do enjoy seeing other traders, so why not.

(the little "x" mid screen left - they sometimes come back for mini gaps sometimes not - I waited & they returned so entered #1, #2 was just pushing the envelope)

.
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Quoting venkatredy
{quote} Thank you pete I would like to get reply from Andy , Kelvin and other members about fractal nature
My understanding of FRACTAL is, when you deconstruct a fractal structure, the resulted smaller structure also have the same characteristics and behaviour of the parent structure. Then if you deconstruct the smaller structure farther, you get even more smaller structure of the same nature. And the process keeps on continue like this.....until the possible smallest structure of the same nature.

Example: if you use mt4, the highest TF is a monthly candle with a (BODY, WICK, OPEN, CLOSE, HIGH, LOW, COLOR), this montly candle can be deconstructed to 4 weekly candles ( these weekly candles also have exactly the same characteristics and behaviour as monthly), then...

  1. 1 Weekly candle ----> 5 Daily candle
  2. 1 Daily candle -----> 6 X 4H candle
  3. 4H candle -------> 1 X H candle.......
  4. untill we get to 1 minute candle , that is the samllest candle possible in MT4

Cheers

Always learning
Quoting TimeTells
{quote} Hi Dave, Not boring at all. I can usually, in a quick look, determine whether I can trade around indicators quite quickly (ie how "they" behave around certain market mechanics & behaviours). The MMaths does not quite fit into that category yet for me, but doesn't eliminate them from any discussions (or my thoughts). I am thinking (to myself) the reason the indi doesn't quite fit my viewpoint is that the MMLines visually take over the screen and, like many indictors, draw a traders (mine) attention TO the indicator output rather than the...
Hi TimeTells,

here is my 2 cents regarding MM, I hope it show the big picture.

the next chart show MM (colored) & GANN NPL (Natural Price Levels aka Dollar Division) in UJ case Division of 100, they are fixed levels.

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MM calculations look for high/low of a period (ie. 64) and apply the exact 1/8th according to GANN NPL regardless of price high/low it looked for.

problems with MM:
if you change the period, levels will change.
does not show what 1/8th it's in according to GANN NPL. (unless traders memorized GANN NPL major levels)
same period used in high TF will show smaller range in lower TF's. (confuse most traders)

in a nutshell, MM is an extension to GANN NPL, best used in combination with GANN NPL so you always know the fixed levels, and trade the levels given by MM.

next chart is an extra, it show GANN NPL prices squared with dynamic TIME (MA's) using GANN sequence 1 2 4 starting with minor 1/8th size of 156.

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hope it helps.

cheers,
"the public is not yet ready for it" W.D. GANN
dynamic squared major 1/8th (1250) in GANN NPL

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cheers,
"the public is not yet ready for it" W.D. GANN
Quoting Kwt4x
{quote}
Hi TimeTells, here is my 2 cents regarding MM, I hope it show the big picture. the next chart show MM (colored) & GANN NPL (Natural Price Levels aka Dollar Division) in UJ case Division of 100, they are fixed levels. {image} MM calculations look for high/low of a period (ie. 64) and apply the exact 1/8th according to GANN NPL regardless of price high/low it looked for. problems with MM: if you change the period, levels will change. does not show what 1/8th it's in according to GANN NPL. (unless traders memorized GANN NPL major levels) same...

Hi Kwt,

Cheers, that chart is very interesting to me (first chart on the post I quoted).

It took me a while to get my bearings, the black background is a killer lol (I use White hahaa as, despite many critics of that colour background, it is actually better for my eyes from what I have read on the topic lol).

I can work with line charts no probs and with the print very small on it I pulled up my own chart and see yours is the 1DY.

From that my question would be (and does NOT require your answer if this is your proprietary info as I would understand)
but at what time (day,week, month timescale I mean) do you SET your Hard Yellow Lines at the 8/8 and 0/8.
I mean when would you choose that block delineated by the Yellows in amongst the whole chart. And how long does that Block remain active for you.
Just some questions in my mind.

As, from that first Chart in your first post above I can see what I used to see (as standing out to me) in the 2/8 and 6/8 as I mentioned to Dave back here.

Quoting TimeTells
{quote}
If I remember correctly, and it was a while ago, but the best I could use with MMLines was only on the 1dy, 4hr & 1hr charts only (no smaller tf's) and don't quote me lol please, but again the only lines where I saw something relevant take place (either up OR down) was at the 6/8, 2/8 and of course the centre equilibrium 4/8 line.

Interesting charts kwt, thank you.
(so were Dave's for me if he wishes to post his up again)
Back to some trading soon but after the London open.
I see they moved structure with GJ which I like to see when I get back, as it presents new possible opportunites now that they have stretched out the ADR a bit more.
Trade well guys
GBPJPY, this may be an opportunity. Just need to wait for a price stop signal.
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Just follow the trend.
Quoting TimeTells
{quote} Hi Kwt, Cheers, that chart is very interesting to me (first chart on the post I quoted). It took me a while to get my bearings, the black background is a killer lol (I use White hahaa as, despite many critics of that colour background, it is actually better for my eyes from what I have read on the topic lol). I can work with line charts no probs and with the print very small on it I pulled up my own chart and see yours is the 1DY. From that my question would be (and does NOT require your answer if this is your proprietary info as I would...
Hi TimeTells,

more than a decade ago I used to spend a lot of time on charts until the white background almost blinded me, so I changed to black background ever since. sorry for that

price division is not TF related, you will see the same levels in all TF's. they are fixed and never change.
just change the fib ret %'s to GANN %'s , explained in post https://www.forexfactory.com/thread/...4#post12529084

JPY pairs:
0/8=100
8/8=200

USD pairs:
0/8=1
8/8=2

cheers,
"the public is not yet ready for it" W.D. GANN
Quoting Kwt4x
{quote}
Hi TimeTells,
more than a decade ago I used to spend a lot of time on charts until the white background almost blinded me, so I changed to black background ever since. sorry for that price division is not TF related, you will see the same levels in all TF's. they are fixed and never change. just change the fib ret %'s to GANN %'s , explained in post https://www.forexfactory.com/thread/...4#post12529084 JPY pairs: 0/8=100 8/8=200 USD pairs: 0/8=1 8/8=2 cheers,

Hi Kwt,

First lol. Back to the monitor (I actually worked in the PC game in the 80s & 90's even the amber & green terminals hahaa)
What type of monitor were you using back then about 10 years ago, a CRT monitor (tube) or newer style LCD.

Honestly I spent a lot of time checking on this for myself, but in the end each to their own for sure.

https://image.ca/best-colors-for-com...creen-on-eyes/

2. Best Colors and Combinations for a Computer Screen to Use on Eyes
It’s also important to pay attention to the computer screen color combinations you use on a daily basis. The best color combination to use is black text on a white background.
If you must use other colors, make sure they consist of dark text on light backgrounds, and not the other way around.

3.Worst Color Combinations to Use on a Computer Screen
The worst color combinations to use consist of dark text on dark backgrounds. Similarly, low-contrast text on low contrast backgrounds, or low contrast text on busy/multi-coloured backgrounds will cause more strain for the eyes.
Quoting Kwt4x
{quote}
Hi TimeTells, here is my 2 cents regarding MM, I hope it show the big picture. the next chart show MM (colored) & GANN NPL (Natural Price Levels aka Dollar Division) in UJ case Division of 100, they are fixed levels. {image} MM calculations look for high/low of a period (ie. 64) and apply the exact 1/8th according to GANN NPL regardless of price high/low it looked for. problems with MM: if you change the period, levels will change. does not show what 1/8th it's in according to GANN NPL. (unless traders memorized GANN NPL major levels) same...

Hi again Kwt,

Sorry to labour on this point. I did read where you said they were fixed points.

But please have a look again at the first chart from your post above.

You have delineated Yellow Lines based on the text on the chart at High 137.500 and Low at 125.000

I understand those numbers are fixed but why did you choose the 137.500 & 125.000 at that spot on the chart to put in the 0/8 and 8/8 is my question .

all the best
Pete
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