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  • #3,241
  • Feb 9, 2019 6:10am Feb 9, 2019 6:10am
Quoting Masterrmind
{quote} Yes thats right. '-' sign for Downtrend in the Gann scaling parameter. '+' sign for Uptrend in the Gann scaling parameter. Rule for Gann Scaling Muliples: Use multiples (or divisors) of 2 only either up or down and ensure that the Gann Projection Line (GPL) always intersects the Moon Phase vertical line between the relevant Gann High and Gann Low price levels. Example: Octive Gap = 3906 pips Valid Gann scaling for Uptrend = +3906 or = +7812 (2*3906) or = +15624 (2*2*3906) Not valid when Gann Scaling breaks the Rule above ! Octive Gap = 3906...

Thank you for the confirmation. I'll do my best to make the charts either tonight or tomorrow evening my local time and post it so you can review it.
Forex - It's finger lickin' good
  • #3,242
  • Feb 9, 2019 6:11am Feb 9, 2019 6:11am
Quoting OAPDave
{quote} Masterrmind, Thank you, you have given me another Light Bulb moment with this post, its made life a lot easier now to set my charts in a more consistent way. I think it was the missing link that I needed. Thank you Dave
Yep, Masterrmind is the man Plenty of new things to learn in this thread and then apply under supervision until making sure everything is clear.
Forex - It's finger lickin' good
  • #3,243
  • Feb 9, 2019 5:33pm Feb 9, 2019 5:33pm
Quoting OAPDave
{quote} Masterrmind, Thank you, you have given me another Light Bulb moment with this post, its made life a lot easier now to set my charts in a more consistent way. I think it was the missing link that I needed. Thank you Dave
Thats what the thread is all about, being able to give out some ideas that other traders can take advantage of in this difficult to trade environment.

Its not that simple to start applying a somewhat rigid approach to a dynamic process.

Since we are trading at a manual level it is much simpler to apply a breakdown ratio of the octive as halves or as doubles hence the simplistic use of the factor 2.

I'm only going to give away a small amount of the actual process by which the Gann Grid is updated dynamically in real time.

I hope traders are aware that I do not apply the GG in an orthodox manner rather it is initially based at year start from previous 64 D1 bar PA prior to the Moon Phase date and runs from the Gann High or Gann Low applying a relationship factor between the octive value and the Gann Hign and Gann Low price range.

The angled levels it produces are quite remarkable.

The dynamic process updating in real time is currently being tested and the results are very impressive but this also applies a variation of the SQ9.

Nevertheless, in the Expert Advisor the process will be highly dynamic because it is far more powerful, far easier to update and to calculate in real time and to make automated adjustments in real time.

Attempting these dynamic adjustments in manual mode is possible but its not being realistic especially when one considers being away from the charts when an adjustment was necessary.

When the EA is hosted on a highly reliable VPS then it is simply a matter for the trader to manage the positions and only intervene when necessary as the Equity and DD levels unfold although the EA will have functionality that allows all risk parameter settings to be constantly maintained including safety switches for any disconnects.

Masterrmind...........
Master your Mind then Master your Trades
  • #3,244
  • Feb 9, 2019 5:34pm Feb 9, 2019 5:34pm
Quoting pipsandkfc
{quote} Thank you for the confirmation. I'll do my best to make the charts either tonight or tomorrow evening my local time and post it so you can review it.
I look forward to reviewing each one of your charts.

Masterrmind............
Master your Mind then Master your Trades
  • #3,245
  • Feb 9, 2019 11:20pm Feb 9, 2019 11:20pm
Gann Square of Nine (SQ9)
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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The SQ9 can be applied in many different ways some of which are as follows:

1. Support & Resistance levels (based off a significant high or significant low or intraday use)
a) Using the Excel SQ9 (or manually) place a known significant High or Low price as the central value
b) S&R price levels may more frequently occur along the cardinal or ordinal lines
c) Use these S&R values as possible obstacles to price (consider reducing targets or reducing SLs based on your own interpretation of PA)

2. Projected Lows based off historical lows (or Projected Highs based off historical highs or combinations)
a) Count calendar days between 2 significant lows (or highs or low to high/high to low)
b) Locate this value on the SQ9
c) Draw a line from central SQ9 through the value and projected outward (this becomes the 'common angle' line)
d) Note the SQ9 numbers that fall along this 'common angle' line
e) Make projections on the chart (using the SQ9 values) from the swing Low or swing high and project them into the future
f) These future dates may act as major turning points

3. Projected turning points from major High (or major Low) using Planetary Aspects (Aspects involve angular relationships b/w planets)
a) Locate a value of interest (major High or major Low) within the SQ9
b) Determine its angle by considering the square (values) within the circle (angles)
c) Note the relevant Planetary Aspects (including Sun, Moon and Planets) such as conjunction (0), squared (90), trined (120), opposition (180)
d) Apply the Squaring formula, factor in the Aspect values (as trigonometric integers eg 360 deg=2, 270=1.5, 180=1, 90=0.5, 45=0.25 etc
e) Determine the total projected angle from (d) above which will use the line drawn from central SQ9 through the initial value and then locate the projected value on SQ9 (using 360=1 rotation, 720=2 rotations or part thereof as the case dictates).

Important:

The SQ9 is a very powerful tool in the hands of an expert but it is mediocre at best in the hands of a novice.

Gann methodologies are somewhat mystical in some cases because he never revealed all of his working strategies.
He left much to the student to uncover by themselves.
Unfortunately this has led to many different interpretations of Ganns methods, some of which will lead the student absolutely no where.

If the 'Gann Guru' is not able to turn a consistent profit then in no way shape or form have they grasped much if any of Ganns methods.
This is ofcourse if you believe that Gann was a great trader.

Recall that Gann has been published as having a strike rate of over 85% profitable trades (if you believe the press report at that time early 1900s).

As you know from my transparent trading approach the proof is in the pudding which means I put my money where my mouth is and trade full setups before the fact over a longer period of time presenting both the good and the bad to this thread.

My advise to those just starting out in learning the Gann methods is the following:

a) take it very very slowly, ask many questions and read Ganns' books several times;
b) if you find it confusing, put it to the side for some time and rest the mind;
c) a trader DOES NOT need to understand any Gann material to be consistently profitable trading the markets over the longer term;
d) use only what works in your trading and stick to it until the 'other' material starts to make good sense and you can implement it into your plan.

I've studied Gann material for well over 30 years among many other forms of trading insights and the most important thing I have learnt is to take what works in the current strategy at the current time and build up a solid confluent case for entry by applying sound risk to every trade.

ps. I have simply opened the door, it is up to the trader to take the next step into the Gann space !

Masterrmind...........
Master your Mind then Master your Trades
  • #3,246
  • Feb 9, 2019 11:50pm Feb 9, 2019 11:50pm
Gann indicators

There are plenty of these doing their rounds on the forums and they have been around for quite some time.

So I do not plan on re-inventing the wheel and coding both an MT4 and MT5 group of indicators.

A manual approach is all that is needed here and you will learn much more than simply getting a value out of an indicator.

Excel Design:

I'm still waiting for a student to complete a task I posted several posts back regarding the SQ9.

If you can design the basic SQ9 setting 1 as the central value then just link the formula (current cell + 1) to each cell as the spiral winds out this is all you need.

So outside the SQ9 assign 2 cells:

Cell 1 = Central (or start or seed) value usually 1; and
Cell 2 = Step value (also usually set to 1)
Attached Image (click to enlarge)
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Note that these values can be set differently.

Have a look at the Excel I have posted so you understand how the numbers flow out in a spiral and link 1 cell to the next by copying the initial formula to each cell of the spiral.

Its a fairly easy process.

As soon as I see a completed sheet using the values from a high or low in either EURUSD or GBPUSD I will start to get into the deeper analysis.

Masterrmind............
Master your Mind then Master your Trades
  • #3,247
  • Feb 10, 2019 12:18am Feb 10, 2019 12:18am
Quoting Masterrmind
Gann indicators There are plenty of these doing their rounds on the forums and they have been around for quite some time. So I do not plan on re-inventing the wheel and coding both an MT4 and MT5 group of indicators. A manual approach is all that is needed here and you will learn much more than simply getting a value out of an indicator. Excel Design: I'm still waiting for a student to complete a task I posted several posts back regarding the SQ9. If you can design the basic SQ9 setting 1 as the central value then just link the formula (current...
Example using GBPUSD with a low of 1.23964.
Attached Image (click to enlarge)
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Note that the step applied is H-L/9^2 = Range/81.
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Now with Master Octive Overlay
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It is very important that you become very familiar with the symbol you intend to trade !

Masterrmind..........
Master your Mind then Master your Trades
  • #3,248
  • Feb 10, 2019 1:39pm Feb 10, 2019 1:39pm
Am I on the right track ?
Attached File(s)
File Type: docx AUDUsd sq of nine.docx   14 KB | 236 downloads
  • #3,249
  • Feb 10, 2019 1:47pm Feb 10, 2019 1:47pm
XNG-USD chart - D1
Octive Gap: 390
Gann Grid DN Scale: -195

This should be correct since the lines meet at the moon phase line?
Attached Image (click to enlarge)
Click to Enlarge Name: XNGUSD-correct.rDaily.png Size: 58 KB
Forex - It's finger lickin' good
  • #3,250
  • Feb 10, 2019 1:50pm Feb 10, 2019 1:50pm
XNG-USD chart - D1
Octive Gap: 390
Gann Grid DN Scale: -97.5

This should also be correct since the lines meet at the moon phase line?

How can we opt between Master Octive Gap/2 or Master Octive Gap/4?
It's a personal choice based on experience or there should be something else I'm missing?
Attached Image (click to enlarge)
Click to Enlarge Name: XNGUSD-correct.rDaily.png Size: 63 KB
Forex - It's finger lickin' good
  • #3,251
  • Feb 10, 2019 1:53pm Feb 10, 2019 1:53pm
XNG-USD chart - D1
Octive Gap: 390
Gann Grid UP Scale: 780

This should be wrong since we're in a downtrend?
Attached Image (click to enlarge)
Click to Enlarge Name: XNGUSD-incorrect.rDaily.png Size: 65 KB
Forex - It's finger lickin' good
  • #3,252
  • Feb 11, 2019 1:47am Feb 11, 2019 1:47am
Quoting OAPDave
Am I on the right track ? {file}
I haven't checked the spacings yet but looks like you are headed in the right direction.

Masterrmind.........
Master your Mind then Master your Trades
  • #3,253
  • Feb 11, 2019 3:18am Feb 11, 2019 3:18am
Quoting pipsandkfc
XNG-USD chart - D1 Octive Gap: 390 Gann Grid DN Scale: -195 This should be correct since the lines meet at the moon phase line? {image}
Yes its a valid scaling factor.

I have given some clues regarding the factor of 2 applied up or down of the octive gap so the trader should plot all possible combinations and review how PA 'aligns' with the Gann Grid.

This is not meant to be forcing the price data to a given Grid, rather it is about traders applying discretion and choosing the
'most' relevant setting for the given chart.

ps. Just because the scaling factor is valid does not mean it is the optimal solution.

Masterrmind............
Master your Mind then Master your Trades
  • #3,254
  • Feb 11, 2019 3:23am Feb 11, 2019 3:23am
Quoting pipsandkfc
XNG-USD chart - D1 Octive Gap: 390 Gann Grid DN Scale: -97.5 This should also be correct since the lines meet at the moon phase line? How can we opt between Master Octive Gap/2 or Master Octive Gap/4? It's a personal choice based on experience or there should be something else I'm missing? {image}
Valid indeed it is, however, take a look at both and as a very clear hint tell me which one 'better' aligns with the Gann Grid Projection line (GGPL).

If there is not a good alignment with the GGPL try another 'valid' scaling.

If this fails to satisfy then check laternative GG lines for any alignment.

Masterrmind............
Master your Mind then Master your Trades
  • #3,255
  • Feb 11, 2019 3:32am Feb 11, 2019 3:32am
Quoting pipsandkfc
XNG-USD chart - D1 Octive Gap: 390 Gann Grid UP Scale: 780 This should be wrong since we're in a downtrend? {image}
Nope its also a valid GG.

Check for initial GG alignment, then check for current PA alignment.

Decide which scaling 'better' fits the PA of the current chart.

If nothing looks ideal in your assessment then put that symbols analysis onhold and search for an alternative.

You will find many current examples that fit very nicely.

Do not forget the Upward GG as it too is valid, no matter the 'assumed' trend direction.

Masterrmind............
Master your Mind then Master your Trades
  • #3,256
  • Feb 11, 2019 5:16am Feb 11, 2019 5:16am
Quoting Masterrmind
{quote} Example using GBPUSD with a low of 1.23964. {image} Note that the step applied is H-L/9^2 = Range/81. {image} Now with Master Octive Overlay {image} It is very important that you become very familiar with the symbol you intend to trade ! Masterrmind..........
Masterrmind I have a question, I have completed the task, but I have noticed that you mention to use a significant High & Low, doing this makes the square only have + numbers, so if the significant Low gets broken do you have to find another significant Low.
In lay mans terms to me its a + square of nine do you need to make a minus Square of nine ?
  • #3,257
  • Feb 11, 2019 5:52am Feb 11, 2019 5:52am
Quoting OAPDave
{quote} Masterrmind I have a question, I have completed the task, but I have noticed that you mention to use a significant High & Low, doing this makes the square only have + numbers, so if the significant Low gets broken do you have to find another significant Low. In lay mans terms to me its a + square of nine do you need to make a minus Square of nine ?
I guess you will understand then why I have had a look @ 1.5625 - 1.1719 it produces some interesting numbers
  • #3,258
  • Feb 11, 2019 6:11am Feb 11, 2019 6:11am
Quoting OAPDave
{quote} Masterrmind I have a question, I have completed the task, but I have noticed that you mention to use a significant High & Low, doing this makes the square only have + numbers, so if the significant Low gets broken do you have to find another significant Low. In lay mans terms to me its a + square of nine do you need to make a minus Square of nine ?
Construct it such that values are generated at the same step size you applied but below your current low.

Masterrmind............
Master your Mind then Master your Trades
  • #3,259
  • Feb 11, 2019 6:12am Feb 11, 2019 6:12am
Quoting OAPDave
{quote} I guess you will understand then why I have had a look @ 1.5625 - 1.1719 it produces some interesting numbers
Now you are getting somewhere.

Octives rule !

Masterrmind...........
Master your Mind then Master your Trades
  • #3,260
  • Feb 11, 2019 6:22am Feb 11, 2019 6:22am
Quoting Masterrmind
{quote} Now you are getting somewhere. Octives rule ! Masterrmind...........
Not being to good with computers I am struggling to send the full square as you have shown, I put it into word but just cannot get it to size correct to show the whole thing, but I am watching it from my excel just need a bit my chart time with it
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