OK,
There was a post before this but the mods deleted it so if you feel that somthing is missing... it may well be. I cut and pasted a bit of info from the net and it had a link in it to hell I have no idea where but thats a BIG no no. So I have been warrned.
Anyway I found the W D Gann said that what has been will happen again.
So I measure the last swing and expect the next to do the same.
I use a 150 tick chart from IG Markets as it gives a better feel to the chart, if you don't have a 150tick use a 5min.
I dont try and pick highs and lows, I am looking to see IF the high is at a logical place and if so I will be happy to take the next signal short.
I just use these ranges / swings as a road map so I have an idea what to expect price action to do.
I dont try and take every move, remember it the first on the bus that gets the longest ride.
This will not be a long tread... I am here to show you something which I use and I thought it might be useful to others. It does not work 100%... only 85% of the time if you belive that market run 15% of the time.
I'm not here to tell you how to trade... work it out.
I don't use any indicators and never will again.. yes been there done that. I will not answer a question.. if indicators are even mentioned.
What I am going to explain is not a holy grail but a road map so you can start to relax while trading... Price action will no longer surprise.
You will learn to hang on to your trades and expect targets to be meet.
You will understand why price has stopped at this or that level.
You will know when not to enter a trade.
You will not find entries, exits or money mangment stuff.
Is it releivent in the real world... good question.. we all know that to profit in forex you need to control your losses and maximise your profits. Entering a trade with a 20pip stop and try to bank 10 pips is the fastest way to the poor house.
Pick your trades with care... remeber that the first on the bus gets the longest ride. I use price action to enter and exit.. what this tool does is gives me confidence to take a trade. Often I can tell when not to take a trade if it is running in to an area where trouble lies ahaed.
The market will do what it wants not what you expect it to do.
Please remeber this... top and bottom piciking is a fools game.
Like trend lines, monthly fiviots and fip numbers that stop price these price pridictions are nothing more than just that... a guide.. a line in the sand that might, could and will be broken.
Like everything it takes time and effort to get it right and if you learn to use them the right way your trading will improve.
There was a post before this but the mods deleted it so if you feel that somthing is missing... it may well be. I cut and pasted a bit of info from the net and it had a link in it to hell I have no idea where but thats a BIG no no. So I have been warrned.
Anyway I found the W D Gann said that what has been will happen again.
So I measure the last swing and expect the next to do the same.
I use a 150 tick chart from IG Markets as it gives a better feel to the chart, if you don't have a 150tick use a 5min.
I dont try and pick highs and lows, I am looking to see IF the high is at a logical place and if so I will be happy to take the next signal short.
I just use these ranges / swings as a road map so I have an idea what to expect price action to do.
I dont try and take every move, remember it the first on the bus that gets the longest ride.
This will not be a long tread... I am here to show you something which I use and I thought it might be useful to others. It does not work 100%... only 85% of the time if you belive that market run 15% of the time.
I'm not here to tell you how to trade... work it out.
I don't use any indicators and never will again.. yes been there done that. I will not answer a question.. if indicators are even mentioned.
What I am going to explain is not a holy grail but a road map so you can start to relax while trading... Price action will no longer surprise.
You will learn to hang on to your trades and expect targets to be meet.
You will understand why price has stopped at this or that level.
You will know when not to enter a trade.
You will not find entries, exits or money mangment stuff.
Is it releivent in the real world... good question.. we all know that to profit in forex you need to control your losses and maximise your profits. Entering a trade with a 20pip stop and try to bank 10 pips is the fastest way to the poor house.
Pick your trades with care... remeber that the first on the bus gets the longest ride. I use price action to enter and exit.. what this tool does is gives me confidence to take a trade. Often I can tell when not to take a trade if it is running in to an area where trouble lies ahaed.
The market will do what it wants not what you expect it to do.
Please remeber this... top and bottom piciking is a fools game.
Like trend lines, monthly fiviots and fip numbers that stop price these price pridictions are nothing more than just that... a guide.. a line in the sand that might, could and will be broken.
Like everything it takes time and effort to get it right and if you learn to use them the right way your trading will improve.