Disliked{quote} {image} I hope that this chart that 40PipsAlan created helps to prove to everyone that Support and Resistance is HARD to determine and can't be relied upon. It's always hit or miss. It works when it works, and it doesn't when it doesn't. Like the saying goes: "Even a stopped clock is right twice a day."Ignored

Actually it's easy, according to GANN's Natural Price R/S Levels

but GANN is talking about the $1 which has 100 cents

in forex $1 equals 10000 pips for the first number on the left to change

so, deviding the 10000 pips by 8 you get 1/8=1250 pips , works well with monthly and weekly trading

for Daily trading you need to devide every 1/8 by 8 to get 1/64=156.25 pips

for H4 you can devide 1/64 by 4 to get 1/256=39.0625 pips

below that, is just crazy but you get 1/512=19.53 pips, might be good for scalpers, who knows.

1/8's in Fib %'s

Attached Image

these are fixed levels for all pairs including gold

cheers,

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