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echelon4x · 29-01-2006, 21:22

Hi all

I'm interested to know if anyone trading over 1-2 days makes an attempt to calculate the expected high low prices of the next day's trading session.

The most obvious way to do this is to use conventional pivots treat say R1 as the expected high S1 as the expected low.

Another method is to use Tom DeMarks enhanced pivot calculations which also take into account the prevailing direction of recent price action.

Also Elliot waves could be used though I find those things so subjective to how you view the chart over a short timeframe I don't think the technique will work well.

I've looked briefy into Gann's methods although techniques such as the Gann wheel can be used to predict both price timing on a longer term scale I can't see how these techniques can be used for shorter timeframes - anyone who knows otherwise please let me know as I find Gann's work intriguing.

I'm sure that there are loads of other techniques which can be used however you never seem to be able to find much information how to forecast future prices.

Given that the FX market is probably the most predictable market out there - it's got to be the best one to attempt any sort of forecasting.

Has anyone used any techniques other than the I've mentioned above ?

29-01-2006, 21:22	#1
echelon4x level 1 Join Date: Jan 2006 Posts: 43 Downloads: 0 Uploads: 0 Rep Power: 3	Calculating Expected High Low Hi all I'm interested to know if anyone trading over 1-2 days makes an attempt to calculate the expected high low prices of the next day's trading session. The most obvious way to do this is to use conventional pivots treat say R1 as the expected high S1 as the expected low. Another method is to use Tom DeMarks enhanced pivot calculations which also take into account the prevailing direction of recent price action. Also Elliot waves could be used though I find those things so subjective to how you view the chart over a short timeframe I don't think the technique will work well. I've looked briefy into Gann's methods although techniques such as the Gann wheel can be used to predict both price timing on a longer term scale I can't see how these techniques can be used for shorter timeframes - anyone who knows otherwise please let me know as I find Gann's work intriguing. I'm sure that there are loads of other techniques which can be used however you never seem to be able to find much information how to forecast future prices. Given that the FX market is probably the most predictable market out there - it's got to be the best one to attempt any sort of forecasting. Has anyone used any techniques other than the I've mentioned above ?