Dislikedalert: gbpusd is breacking previous day low after 22 hours...pay attention for closing 1 day negative cycleIgnored
remember of the time window for 1 day cycle
- #4,625
- Edited 11:46am Jul 1, 2022 10:04am | Edited 11:46am
- Joined Jan 2015 | Status: Trader | 5,144 Posts
Even after the big drop, there is still room for some tests of the bottom, simple retrace, retest, divergence trade...+24 in the bank.....every single day this week offered at least one of these.... ps....certainly proves this bigger move is not over..for now....lol {image}
Great to see a post I can understand
- #4,627
- Edited 12:37pm Jul 1, 2022 12:25pm | Edited 12:37pm
- Joined Mar 2009 | Status: Trader | 2,571 Posts
{quote} Well you have the GbpUsd sorted Take a little challenge and have a look at Dow Nas S&P or even the DAX see what you think
Sure happy I didn’t get sucked into Crypto investing....what a fall!
Your posts wet my appetite to branch out though...
ps...really enjoy watching Alain when he trades....the real deal with no bullshit....thought there might be another test of support today, but with bank holiday in Canada seems to limit traders , and with US holiday on Monday the market is super thin....anyway, have a nice weekend.
if you understand these last posts...you understand a lot about Time why I am giving these informations? because others before me have shared the geometric indicators ... they have an immense value !!!!
- #4,632
- Jul 2, 2022 11:18am Jul 2, 2022 11:18am
- Joined Jun 2012 | Status: Trader | 1,452 Posts
{quote} Hi carbonmimeti, thanks for your efforts but I have no idea and do not understand the previous posts.
Jenkins angle indicator was post in Sep 3, 2019 at post N 60..........today is July 2, 2022
I ask the same thing to OAPDAVE who like your post......
- #4,634
- Jul 3, 2022 5:09am Jul 3, 2022 5:09am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
Was famous W.D. Gann a formidable Marketeer or a very good bullshitter or a combination of both ? 
- #4,635
- Jul 3, 2022 10:48am Jul 3, 2022 10:48am
- Joined Mar 2009 | Status: Trader | 2,571 Posts
Was famous W.D. Gann a formidable Marketeer or a very good bullshitter or a combination of both ?
- #4,636
- Edited 3:54pm Jul 3, 2022 1:14pm | Edited 3:54pm
- Joined Oct 2017 | Status: Trader | 12,472 Posts
{quote} I have seen little evidence in terms of real dollars, by any of the traders who frequent these rooms, to convince me his fame was deserved. Sorry all you Gann lovers, just my opinion, and we all know what opinions are worth.haaaa!
Why such statement is my opinion.
Because I have really studied Gann in many aspects.
It took me time , many years to mature my judgment.
My conclusions :
a) Gann has no real trading system and Gann never summarizes a potential trading system, even at the end of his life.
b) Gann has tried dozens of methods and tools , as everyone of us has done, but never focused on a limited selected one.
Let's quote Gann himself in his letter :
THE BASIS OF MY FORECASTING METHOD..
We use 3 figures in geometry : - the circle, - the square, - the triangle. We get the square and triangle points of a circle to determine points at time, price and space resistance. we use the circle of 360° to measure Time and Price. -- - There are 3 kinds of angles : - the Vertical, - the Horizontal - the Diagonal which we use for measuring time and price movements. We use the square on even number to get not only the proof of market movements, but the cause.
All these statements look good, interesting, seductive, appealing etc
But if Gann talks and writes a lot about these principles and tools , Gann NEVER uses himself publicly these tools for trading.
Gann is unable to show us a stock or index chart where you see a Triangle, a Circle, a Square (an Ellipse even for some of you).
More surprisingly Gann is universally known for the famous " Gann Angles" but in none of his books you can see a Stock Chart where he trades using the said Angles. And even less practical methodologies with charts on how to trade with Angles, Triangles, Circles, Squares etc
Let's check one of his last book "45 years in Wall Street " published in 1949. Hence this book covers the period 1904-1949.
Gann died in 1955. This book could be after 45 years in Wall Street a kind of legacy summarizing his methodologies or his main methodologies.
It is not the case, not at all
I have converted the book in PDF into a Word file. Then I have used the Word "search" function to find how many occurences of Circle, Triangle, Square, Vertical, Horizontal Diagonal and Angle you can find within " 45 Years in Wall Street"
In a book of 190 pages You find ONE occurence for Square and ZERO Occurences for Circle, Triangle, Vertical, Horizontal, Diagonal and Angle which Gann said himself are 'The Basis of my Forecasting Method"
- #4,639
- Jul 3, 2022 7:09pm Jul 3, 2022 7:09pm
- Joined Apr 2015 | Status: Trader | 1,067 Posts
{quote} I have seen little evidence in terms of real dollars, by any of the traders who frequent these rooms, to convince me his fame was deserved. Sorry all you Gann lovers, just my opinion, and we all know what opinions are worth.haaaa!
studying GANN is to check if the math is correct, if it is, you should trust it and apply it correctly so you can plan your strategy based on the trusted measuring, and it will be impossible to fail.
but if you do fail, you should blame your strategy not the math, because you already confirmed the math was correct.
I left this thread because it was impossible to correct the wrong applying of GANN by the members, and NOW the same members I tried to help are attacking GANN.
if we are talking about deception and fraud, it will NEVER be GANN, it will be the members using GANN name all these years JUST to promote themselves and look important, and the RESULT is: attacking GANN
if the money is your evidence, that means you care less about the math, why would you use math methods ? GANN included.
I know first hand that nothing will convince you, but like always, I back up my point of view.
here is a 2 weeks swing of 960 points
"the public is not yet ready for it" W.D. GANN