Cable Update (GBPUSD)

Quoting Robinhood1

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{quote} It can be hard to understand, i knew about gann maybe 15 years ago and have been trying to understand it many times going back and forth, Maybe spent 2 weeks on it and tried again after 6 months. I even thought he was a course seller nothing else. In fact, i work it out my unique way and not sure wether it is the same way he did but it works for me so far. Maybe someone can understand it straight away, i don´t know

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Quoting Robinhood1

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{quote} Notice how interesting, cadjpy inverted. 2 tops are on the 45º & 90º 11395 exactly and 11430 (8 pip away). I did not get right the pullback as good as i expected but i beleive it has bottomed or almost cos de price crossed 45º by only 10 pips. remember i use inverted charts sometimes so i am short. {image}{image}

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Quoting Robinhood1

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{quote} Notice how interesting, cadjpy inverted. 2 tops are on the 45º & 90º 11395 exactly and 11430 (8 pip away). I did not get right the pullback as good as i expected but i beleive it has bottomed or almost cos de price crossed 45º by only 10 pips. remember i use inverted charts sometimes so i am short. {image}{image}

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Quoting Ihlas

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{quote} I have tested it with my few findings, it's spot on if somebody can choose the direction and repeating patterns {quote} And I also see that 45 degree has tendency to go a little over, and 90 degree has tendency not to reach the target. Observed same situation

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Quoting Robinhood1

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{quote} so if we have one more high on the inverted cadjpy chart we will reach 11636 (90º row) which on the cadjpy chart is as low as 85.70. to find 11636 we go clockwise on the calculator to above 11422 and to be safe we can close when it reaches 45º so above 11395 which is 11609 which 86.20

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Quoting Ihlas

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{quote} I have tested it with my few findings, it's spot on if somebody can choose the direction and repeating patterns {quote} And I also see that 45 degree has tendency to go a little over, and 90 degree has tendency not to reach the target. Observed same situation

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Quoting Robinhood1

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{quote} Bear in mind that if it goes a little bit over could be lets say 47º which is fine too. This is what i meant, i only try spotting pairs that match with 45 & 90º at the moment

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Quoting Robinhood1

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{quote} Notice how interesting, cadjpy inverted. 2 tops are on the 45º & 90º 11395 exactly and 11430 (8 pip away). I did not get right the pullback as good as i expected but i beleive it has bottomed or almost cos de price crossed 45º by only 10 pips. remember i use inverted charts sometimes so i am short. {image}{image}

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Quoting Ihlas

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{quote} GU topped, next target is 1.32(approximately) and then up 1.34 (approximately), and down again to LL Something like this according to Gann for now

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Quoting Robinhood1

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{quote} I have the next stop at around 12900/13000. there are 3 prices, 2 on 45º and 1 on 90º. Now, if you can fit your calculations to catch shorter swings thats fine. You should backtest before anything else, make sure. Most probably close to 7744 than 7700 so 12900 I used the usdgbp chart (inverted) and are represented on the normal chart {image} {image}

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Quoting Robinhood1

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{quote} I have the next stop at around 12900/13000. there are 3 prices, 2 on 45º and 1 on 90º. Now, if you can fit your calculations to catch shorter swings thats fine. You should backtest before anything else, make sure. Most probably close to 7744 than 7700 so 12900 I used the usdgbp chart (inverted) and are represented on the normal chart {image} {image}

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Quoting tiborf71

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{quote} dude I'm watching at the chart. and I see you're in D1. i trade within a day but i need daily news to trade. my question is how the Gann system takes expected news into account as a factor of uncertainty.

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Quoting tiborf71

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{quote} dude I'm watching at the chart. and I see you're in D1. i trade within a day but i need daily news to trade. my question is how the Gann system takes expected news into account as a factor of uncertainty.

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Quoting Robinhood1

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{quote} I have the next stop at around 12900/13000. there are 3 prices, 2 on 45º and 1 on 90º. Now, if you can fit your calculations to catch shorter swings thats fine. You should backtest before anything else, make sure. Most probably close to 7744 than 7700 so 12900 I used the usdgbp chart (inverted) and are represented on the normal chart {image} {image}

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Quoting tiborf71

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{quote} In fact, I wanted to ask how I see a longer-term forecast in the D1 time zone. but if more important news arrives in the meantime, it is possible that his prediction will be destroyed. and how Gann handles this uncertainty factor.

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Quoting tiborf71

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{quote} In fact, I wanted to ask how I see a longer-term forecast in the D1 time zone. but if more important news arrives in the meantime, it is possible that his prediction will be destroyed. and how Gann handles this uncertainty factor.

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Quoting Robinhood1

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{quote} First of all, markets are mathematics and news triggers speed. this is my opinion. If 10 people have 100$ each and an item costs 50$ we have one person with 50$ another one with 150$ and the rest still have their 100$ and all together they have a total of 1000$, Yes? ok the item price goes up and down but the total is the same till person number 11 joins so now the total is 1100. dependeng the price of item and buying power of each individual we have run ups run down crashes you name it but what does not alter is the total sum

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Quoting Robinhood1

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{quote} So if total sum does not allow go over 13500 at a specifc moment we will call it resistence

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Quoting Robinhood1

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{quote} So if total sum does not allow go over 13500 at a specifc moment we will call it resistence

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