Time analysis

[novice]

Purpose

To look at how time can be used to make trading decisions.

All to often the x-axis of time is not given enough weight in making decisions. Mostly the y-axis of price gets all the attention.

Market opening hours, economic events and data releases; day of the week may be useful in discussing in conjunction with other topics.

Any comments or ideas would be welcome!

[WRR]

Novice,
Carolyn Boroden has articles on TradingMarket.com's education site on using Fib's for time analysis. You might have to sign up as a member to get access to these which I did. They usually give you a seven day free trial.

Also Kevin Riordan is a commodities broker who teaches
Joe Dinappoli's methods. I just did one of his free online seminars the other night where he covered some time Fib studies. Here is the link>

Kevin Riordan, Danielle Bourbeau and Justin Hunt
1-800-281-3654
trading@foxfutures.com
http://www.foxfutures.com/tradingsystems-joedinapoli.htm
Fox Investments a division of Man Financial
Chicago Board of Trade

Enjoy!
WRR

[dusant]

There is some good educational material on my website.

If you are particular only about time analysis, try this page onwards. These pages are devoted to using time as a timing tool.

Hope this helps

Dusant
Chief Architect
www.candlestrength.com

[Wallace]

Hello Novice.

Projecting time targets is more difficult than projecting price targets. The following method of time projection is in part similar to the calculations that can be obtained with a Gann Square or by using the Gann Wheel and other similar Gann time/price calculators.

Count the bars between the Low/High of the wave.
Square root the amount.
Add 1 to the sum, square that amount.

Add on or subtract the difference between the bar count/final amount to the last bar of the wave to project the next time target, either up or down.

After the square root has been calculated, add in turn to the sqrt result 1 1.5 2 etc to calculate more than one target. Mark the projected bar/s on the chart with vertical lines or arrows.

H to H and L to L can also be used to obtain a count with which to project targets.

The same methods can be used to project price targets. When the time/price coincides, the time/price is said to have squared.

Additional tools such as channels, Gann/fibo fans and fibo levels will further assist in confirming a target, and that a probable trend/wave change will occur.

If needed, a free sqrt calculator is available at: http://www.wfwsoftware.com/babysci.html

Wallace.

[eternalfuture]

Novice,

I agree with Wallace that Gann's methods in forecasting the time apart from price, could be very useful in addition to price-forecasting methods.

Combined with Elliott Wave analysis and Fibonacci numbers, the two could form a valuable trading guide.

Try to look for his writings.

I'm still learning about Gann, though.

Cheers!