Performance current LIVE acct.
App and Indicator are available.
Roy
App and Indicator are available.
Roy
Hi Roy,
Thanks for your answer.
What I meant is that depending on how your chart is stretched, you won't get the same breakout from the 15 degrees line. Consider the following 2 charts representing exactly the same price action from the first image of post 182. One example is obviously under-stretched to show what I mean:
And consider your GBPUSD election trade, using a perfectly reasonable stretch on my screen:
In the latter example, one could decide that the pre-news price action was not encased in a 15 degrees triangle (hence the trade is filtered out?) and that its breakout gets you too late in the action. 70% of the election move was already done after the first minute...
Because you specifically mentioned a 15 degrees angle, I assumed you had discovered a pattern that presents itself with the breaking of that specific angle at the right place on your chart. I thought your discovery was related to W.D. Gann's angles and I know the man had a very consistent way of "squaring" his charts (e.g. a 15 degrees angle means a slope rising at a rate of x pips per hour on the H1 timeframe), hence my asking...
Without this, and since our screens won't always show exactly the same number of candles as yours (I'm also not on MT4), our 15 degrees angle will most of the time encase price action differently than yours and we may not be able to reproduce what you do...
Am I missing the point?
Thanks
Thanks for your answer.
What I meant is that depending on how your chart is stretched, you won't get the same breakout from the 15 degrees line. Consider the following 2 charts representing exactly the same price action from the first image of post 182. One example is obviously under-stretched to show what I mean:
And consider your GBPUSD election trade, using a perfectly reasonable stretch on my screen:
In the latter example, one could decide that the pre-news price action was not encased in a 15 degrees triangle (hence the trade is filtered out?) and that its breakout gets you too late in the action. 70% of the election move was already done after the first minute...
Because you specifically mentioned a 15 degrees angle, I assumed you had discovered a pattern that presents itself with the breaking of that specific angle at the right place on your chart. I thought your discovery was related to W.D. Gann's angles and I know the man had a very consistent way of "squaring" his charts (e.g. a 15 degrees angle means a slope rising at a rate of x pips per hour on the H1 timeframe), hence my asking...
Without this, and since our screens won't always show exactly the same number of candles as yours (I'm also not on MT4), our 15 degrees angle will most of the time encase price action differently than yours and we may not be able to reproduce what you do...
Am I missing the point?
Thanks
- #197
- Edited 4:47am Jan 4, 2020 4:28am | Edited 4:47am
buffalau,
I see the point you are trying to make, I use MT4 but NOTHING to do with W.D. Gann.
My use of the angled trendline MUST BE PLACED on the LAST LOW and LAST HIGH whatever the ZOOM you use, by the way I use H1 TF.
So if you ZOOM, adjust the TLs, I have developed a special indicator to do that and I have NO PROBLEMS.
Roy
I see the point you are trying to make, I use MT4 but NOTHING to do with W.D. Gann.
My use of the angled trendline MUST BE PLACED on the LAST LOW and LAST HIGH whatever the ZOOM you use, by the way I use H1 TF.
So if you ZOOM, adjust the TLs, I have developed a special indicator to do that and I have NO PROBLEMS.
Roy
