Trading using PRICE AND TIME

[golhuntsleep]

This is an area that I am just learning......Ruff just posted up a thread using Golden Ratio #'s to justify the end of an uptrend on the eur/jpy.....I have been doing this on a smaller scale and it absolutely amazes me how accurate it is to determine the ends of trends........How many of you trade using price AND time? and are you using stirctly Golden Ratio #'s to determine it? Thanks in advance for the input and lets make this thread one for us to all grow as traders and not measuring our *****

[Trevman]

im not even sure how to work them out but id like to know

[bobnat]

Are you referring to Fibonacci numbers?

Nat

[Trevman]

hes reffering to this thread http://www.moneytec.com/forums/f59/e...e-part1-20287/ dont know if it is fib or not though

[xtsunami]

Originally Posted by golhuntsleep

This is an area that I am just learning......Ruff just posted up a thread using Golden Ratio #'s to justify the end of an uptrend on the eur/jpy.....I have been doing this on a smaller scale and it absolutely amazes me how accurate it is to determine the ends of trends........How many of you trade using price AND time? and are you using stirctly Golden Ratio #'s to determine it? Thanks in advance for the input and lets make this thread one for us to all grow as traders and not measuring our *****

Seems that your timing is a bit off. You should have asked the questions about time trading when you had the opportunity of those who use it. But, alas, you are late for most of us have no inclination to post here much anymore.

You can take the Golden Ratio progressions that rufffen is posting in his charts and it would be better than nothing at all. But there are many techniques that are much more accurate in their time/price precision.

Begin a study of time, putting in many many hours, days, weeks, months, years, and you may get to level of precision of someone like stoxx. For on a routine basis has called time/price points to the minute and pip.

[golhuntsleep]

Hey Nat, ya, fibo golden ratios.....i.e. .146 .236 .382 .500 .618 .764 .1.00 etc. I am measuring the last rally and using the ratio's to give me projected times the forming correction could end. so not only using them for price, ie drawing a fibo on our charts, but using the same ratios to determine time.

[bobnat]

Originally Posted by golhuntsleep

Hey Nat, ya, fibo golden ratios.....i.e. .146 .236 .382 .500 .618 .764 .1.00 etc. I am measuring the last rally and using the ratio's to give me projected times the forming correction could end. so not only using them for price, ie drawing a fibo on our charts, but using the same ratios to determine time.

Well, there's a ton of stuff on this site about Fibnoacci numbers. All the threads that contain Elliot Wave will have Fibs. There's also a ton of free stuff on the net on how to understand and use Fibs.

Measuring the vertical is pretty easy. Measuring the horizontal, the time aspect, is more difficult, but with practice, as Xtsunami pointed out, it can be learned.

I started using Fibs over three years ago. I studied the Market Trader's stuff and Joe DiNapoli's work. However, it was when I studied Robert Miner's "Dynamic Trading" that it came together for me. Miner's work involves Elliot Wave, but not as rigorously as others. He prefers simple counting and if you can't count it don't trade it. By using EW a lot of unanswered questions and mysteries I had encountered trading Fibs were solved. Fibs are amazing, but EW explains the larger picture.

Like anything else, it takes many hours of work. I spent countless hours drawing fibs. Now I can spot levels without drawing them in, it just becomes that easy. Trading them isn't that hard either as long as you have a plan.

I'd suggest you study the basic Fib stuff here, try the thread, "Can it get any easier" by Mick Mason, for an intro to the basics. Study all the free stuff you can find. After a few months of doing that, then read Miner's book and you'll be surprised at the holes it'll fill.

Nat

[trade123]

Hi! I have been working with geometry in price and time. Sometimes its other geometries like the cube and sometimes the Fibs. Often price lengths and time are related. I have not seen anyone forecast consistently with it but maybe it´s possible?