Gann and Richard wyckoff's mo, very similar.
Basis is:
1) identification of possible accumulation/distribution price action
2) decide direction, and terrain, aka trend, noisy range or clean range, plus chance to hold as ride position.
Note, terrain depending on trend or range, will invert the direction even if the price action seems the same.
Just as an example, if range bound, sell high buy low, if trend with nice legs, fade pullbacks, in line with major term trend.
3) mm + attack mo, wyckoff's seems to use linear 1 1 1, gann seems to use fibo spiral inwards, factor of 0.618
4) gann does not use rescue to my understanding, their true mo which is their own custom one, he may have used it in some limited way.
5) wyckoff's mo sometimes seem to use rescue, he mentioned in 1 of his books, but he uses it sparingly.
The key component is (1), identification of accumulation/distribution as this is where most of the grey areas are at, for this mo.
Here in lies my implementation for my own custom mo, which I am currently using to trade further out in timeframes. 1hr and above tf. Because of timing constraint issues.
Ro3k can be employed here to check for terrain with most juice to do nice impulse moves.
I most definitely would love to trade the taf mo, but, currently it's out of my time resources.
How this ties in with the taf thread? Well, the feel the pulse is used in (1).
Traditional analysis of using 1r to play for 2 to 3r is used here, and it is applied with this key assumption, it is a function of timing rather than direction, unknown factor is volatility, but by law of large numbers, doing it enough time consistently, the volatility should negate each other, and volatility should be in your favour as a function of your ability to time good entries.
Basis is:
1) identification of possible accumulation/distribution price action
2) decide direction, and terrain, aka trend, noisy range or clean range, plus chance to hold as ride position.
Note, terrain depending on trend or range, will invert the direction even if the price action seems the same.
Just as an example, if range bound, sell high buy low, if trend with nice legs, fade pullbacks, in line with major term trend.
3) mm + attack mo, wyckoff's seems to use linear 1 1 1, gann seems to use fibo spiral inwards, factor of 0.618
4) gann does not use rescue to my understanding, their true mo which is their own custom one, he may have used it in some limited way.
5) wyckoff's mo sometimes seem to use rescue, he mentioned in 1 of his books, but he uses it sparingly.
The key component is (1), identification of accumulation/distribution as this is where most of the grey areas are at, for this mo.
Here in lies my implementation for my own custom mo, which I am currently using to trade further out in timeframes. 1hr and above tf. Because of timing constraint issues.
Ro3k can be employed here to check for terrain with most juice to do nice impulse moves.
I most definitely would love to trade the taf mo, but, currently it's out of my time resources.
How this ties in with the taf thread? Well, the feel the pulse is used in (1).
Traditional analysis of using 1r to play for 2 to 3r is used here, and it is applied with this key assumption, it is a function of timing rather than direction, unknown factor is volatility, but by law of large numbers, doing it enough time consistently, the volatility should negate each other, and volatility should be in your favour as a function of your ability to time good entries.