All charts/ideas based on UK time zone
- #1,162
- Mar 19, 2020 1:46pm Mar 19, 2020 1:46pm
- Joined Mar 2009 | Status: Trader | 2,571 Posts
{quote} Hi PartnerI'm sure you're aware of this, but this is a Tip for others to know the difference between GANN and Fibonacci in your example Fibonacci need 2 points to draw the tool, but GANN draw his major angles(1 2 4 8) when the top/bottom are confirmed by LH/HL by using the Fib Fan, draw the tool and square the number, if 50 candles is used the price should be +/- 50 points major angles 1 2 4 8 in Fib Fan = 0 -1 -3 -7 to add 50% between them if needed = -0.5 -2 -5 {image} {image} cheers,
Not so with the fib fan...you can go to the 15, 5, 1 min chart and where you set it on the 1 hour stays in place on all the other timeframes....so when price reaches a certain level you can go down to a smaller time frame and determine price action at that particular level....are there signs of reversal.......you can’t do that with the Gann fan....eliminate it from your analyses everyone...you will be happy and never tricked by its setting...in mt4 that is.
- #1,163
- Edited 2:54pm Mar 19, 2020 1:48pm | Edited 2:54pm
- Joined Jun 2018 | Status: Trader | 866 Posts
{quote} Hi DM: can you post pics of some basic entry/exit setups using Optuma? searched it over the website but looks not much userfriedly - I could be wrong! thx leacher
As example the Optuma Gann pkg cost $1800 and Jenkins pkg is $500. As you can see, tools and education cost money. The only thing free in life is advice. With work you can do much of the same things but painstakingly without Optuma, We're trying to show you here on this thread that you can poor boy it, but I prefer not to. Examine the two pics for Tools used and Filters used to qualify the Tools for Entry.
Respectfully,
DM
You NEVER will be the person you could be, without pressure & discipline
- #1,164
- Mar 19, 2020 2:01pm Mar 19, 2020 2:01pm
- Joined Apr 2015 | Status: Trader | 1,068 Posts
{quote} Excellent post....I have done tons of trials and the conclusion is the Mt4 Gann fan is totally useless....if you toggle to another time period, or if you squeeze your chart all the angles do not follow and it throws everything out....horrible horrible indicator. Not so with the fib fan...you can go to the 15, 5, 1 min chart and where you set it on the 1 hour stays in place on all the other timeframes....so when price reaches a certain level you can go down to a smaller time frame and determine price action at that particular level....are...
sometimes I replace it with GANN line and extend it evey other days or toggle the vertical scale and lock the chart "scale fix"
trend lines can be used, but take time and effort
example for extending from last top (1440 candles)
cheers,
"the public is not yet ready for it" W.D. GANN
- #1,165
- Mar 19, 2020 2:32pm Mar 19, 2020 2:32pm
- | Joined Apr 2018 | Status: Trader | 1,732 Posts
Some of you guys want to commit to a trade ?
I'm sure others want to see your analysis bear fruit
Not being negitive and always interested.
I'm sure others want to see your analysis bear fruit
Not being negitive and always interested.
All charts/ideas based on UK time zone
- #1,166
- Mar 19, 2020 3:58pm Mar 19, 2020 3:58pm
{quote} Leacher, my friend if you see the vid from the provided link, You'll see the tools I use in Optuma. These tools are used by Gann, Jenkins and Best Defined and Refined by Ross Beck. https://www.forexfactory.com/showthr...8#post12780048 I purchased as an option in Optuma the Beck package it cost $500 as a one time fee. You will see the Dyad, Tetrad, and Triad, you'll also notice Angles which makes what Beck calls the Beck's Emblem. I use the Quadrilateral which is Key to usage of the BE. One must understand, I am educated...
but I will absorb it. I have intentions to buy Optuma W/Jenkins and others step by step.all I want to know is if you could post a screenshot of any instrument showing Time/Price projection and Quadrilateral setups in short term calculated by the software.
stay safe and healthy
regards
leacher
Time & Price Forecast - Jenkins
Some of you guys want to commit to a trade ?...
Here is a trade I am waiting for. This is not a trade call, it is just what I look at if I am making an entry. Price has bounced off the JSA 90° and dropped past the 50% (This would have been a great entry but I was asleep) and I have set an alert for the bottom of the the bull candle in that peak. If Price comes back and that is triggered today or Monday I will see if there is a sell trade setting up. Price could also reject off the JSA 5O%. Yesterday's low has been taken out so it may keep falling
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- #1,168
- Mar 19, 2020 6:01pm Mar 19, 2020 6:01pm
- Joined Mar 2009 | Status: Trader | 2,571 Posts
Some of you guys want to commit to a trade ? I'm sure others want to see your analysis bear fruit
Some of you guys want to commit to a trade ? I'm sure others want to see your analysis bear fruit
1. It was New York open.
2. Price was near 50% slope of 1/2 angle that was recently crossed by 1/4 angle (meaning something may happen here) and 50% of last big swing.
3. Entry, same as in the Swede examples, at the close of the 1st bear candle - should be at 50% of the both bear candles, because pattern wasn't "perfect".
Also go to 1m and 5m timeframe and see by yourself how this level was respected and broken.
{quote} hi DM: thank you for taking time out to give a very detailed reply. Although it’s all french to me
DM
You NEVER will be the person you could be, without pressure & discipline
- #1,171
- Mar 19, 2020 11:54pm Mar 19, 2020 11:54pm
- Joined Feb 2009 | Status: Trader | 2,293 Posts
testing M1, target 1.0816, I guess chart is a chart is a chart, we`ll see
- #1,172
- Mar 20, 2020 2:33am Mar 20, 2020 2:33am
- Joined Feb 2009 | Status: Trader | 2,293 Posts
really great learning experience, everything happens for a reason, I think
- #1,173
- Mar 20, 2020 2:48am Mar 20, 2020 2:48am
- Joined Feb 2009 | Status: Trader | 2,293 Posts
can go higher, it is enough for me
Some of you guys want to commit to a trade ? I'm sure others want to see your analysis bear fruit
Got next to no interest so couldn't see the point of further calls.
