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Price and Time
Thu, Jan 17 2008, 11:55 GMT
by The Forex Journal
The Trader's Journal
This article is taken from the Forex Journal, a special edition by Trader’s Journal magazine in Nov 2007.
The author isAndy Bushak. A full-time trader and seminar leader. Andy’s early career includedgraduation from the United States Naval Academy, five years in SurfaceWarfare, a stint as a professional football player and with Hewlett-Packard. He started trading full time with a handheld QuoTrek (theoriginal) and doing charts by hand. His method was simple: Elliott andFibonacci.
- Andy Bushak introduces the concept of combining Price with Time using the Fibonacci and Gann number sequences:
I have always said that if it is the right price, it is the right time and if it is the right time it is the right price! Price and time can be treated equally in technical analysis. Anything that can be done in price; can be done in time, except for one thing: Price can go lower, but time always moves forward. At this point, I do not know the formula for pausing time or going back in time to start over. The only thing I know to do is to look at time from the future to the present and the past. That is a whole separate article.
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Other related articles:
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- How to Trade Forex using Fibonacci Price Relationships by Carolyn Boroden
- 3 Peaks and a Domed House by Larry Pesavento
- Three Steps To Short-Term Trading Success by Toni Turner
- Using Non-Time Based Charts for Short-Term Forex Trading by Dr. John Clayburg
- Trading for Revenge: Control It or It Will Control You by Dr. Doug Hirschhorn
- How to Swim the Forex Ocean… and not get Eaten by Sharks by Kevin Davey
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Published on
Thu, Jan 17 2008, 11:55 GMT
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This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the authors and the publisher are not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.
In commodity trading, as in stock, and mutual fund trading, there can be no assurance of profit. Losses can and do occur. As with any investment, you should carefully consider your suitability to trade and your ability to bear the financial risk of losing your entire investment. It should not be assured that the methods, techniques, or indicators presented in this magazine will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples in this magazine are for educational purposes only. This is not a solicitation for any order to buy and sell.
The information contained herein has been obtained from sources believed to be reliable, but cannot be guaranteed as to accuracy of completeness, and is subject to change without notice. The risk of using any trading method rests with the user.
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