i could be way off but this is how my chart looks with line fibs and tls for gj..... going to test it...lets see....
Attached Image (click to enlarge)
- #1,782
- Jan 12, 2008 10:09pm Jan 12, 2008 10:09pm
I would keep this fib in place until the support(red line) is penetrated
hmm would this be why that would be Skunny? "I" don;t see any other reasonable reason for that being a demand other then that?
also nein mein herr then.. Dagoods sorry you might be a frau I dunno though...
Sizz
- #1,784
- Edited 10:24pm Jan 12, 2008 10:13pm | Edited 10:24pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
Is that green line a trend line?
If it is a hand drawn trend line you need to remember that 2 points are not a trend line.
actually its merely a supply demand line that may or may not be validated and become a trendline
thats another discussion i guess, but i hear ya
thanks skunny!
PS JUST TESTING
PSS how many point does it take to make a valid tl O'sensie?
- #1,787
- Jan 12, 2008 10:29pm Jan 12, 2008 10:29pm
actually its merely a supply demand line that may or may not be validated and become a trendline
but i hear ya
thanks skunny!
PS JUST TESTING
Dagoods,
try zapping on some Ganns for fun and get rid of the neg on the swing low gann. I have NO CLUE if that is right but it looks purty.
those crappy downward/upward floating lines I was drawing on GY were just projections based on eyeing it and chart time. Also using s.r to bisect the triangle because I LOOOOVE symmetry. my triangles have to look right to me... I see triangles ebberywhere .I guess GANN will take out the guesswork. I hope
A tl needs 3 or more touches to be valid. IMO. Also for tls you ..well that black candle ruins it... again IMO.
Sizz.
- #1,791
- Edited 10:46pm Jan 12, 2008 10:42pm | Edited 10:46pm
And thats my GU chart.
The green line is a DeMark trendline. Bad guy... only takes 2 points to draw a trend.
Is DeMark supposed to be an indicator? Maybe I should remove this one, but as I'm just too dump to draw Gann lines...
you and me both! I am making it up as I go along
here is how I might draw lines on that same chart these are just hand draw lines nothing fancy. I just look to make pretty triangles. the top has a semi established angle so i match it on the bottom. I might try to bisect it with a SR line like 1.9550 or something... might not. it doesn;t feel perfect to me but a different point of view maybe.
Skunny said to rip Gann lines on 1H GU normal setting so try that I guess? I guess gann lines only need one point.
also living in thaland? Awesome.
Sizz
EDIT
Dagoods... your lines are making me nutso!!! my ocd is going crazy!! hehehe slooooow down just for fun try using the two highs on the red and draw a line on that angle
as far as the green...you are a maniac!!! hehehehealso what are all those arrows everywhere?
- #1,792
- Jan 12, 2008 10:55pm Jan 12, 2008 10:55pm
you and me both! I am making it up as I go along
here is how I might draw lines on that same chart these are just hand draw lines nothing fancy. I just look to make pretty triangles. the top has a semi established angle so i match it on the bottom. I might try to bisect it with a SR line like 1.9550 or something... might not. it doesn;t feel perfect to me but a different point of view maybe.
Skunny said to rip Gann lines on 1H GU normal setting so try that I guess? I guess gann lines only need one point.
also living in thaland? Awesome.
Sizz
EDIT
Dagoods... your lines are making me nutso!!! my ocd is going crazy!! hehehe slooooow down just for fun try using the two highs on the red and draw a line on that angle
also what are all those arrows everywhere?
here you go... now my chart looks like a Mikado game...
just cant find out how that is helping me in my trading. maybe after a while I will get used to these
"The only successful substitute for brains is silence."
- #1,793
- Edited 11:11pm Jan 12, 2008 11:02pm | Edited 11:11pm
Thailand is not bad... bt will move to either South-Sulawesi or the Maldives soon.
here you go... now my chart looks like a Mikado game...
just cant find out how that is helping me in my trading. maybe after a while I will get used to these
Oh gosh... that is bad news bears... if you can find a way that will help you... I will give you a boatload of Bhat
it does look like pick up sticks. I would vote for the maldives.. thats me though, keep a guest room open.
shouldn't the lines be coming from the bottom/top wicks? whats up?
if you get them there and look at charts it is super easy IMO to trade from them. once you get them right you will see how.
Sizz.
edit I threwganns per skunny on here and I can;t say anything but that...I know zippo zilch about them but i do LIKE the triangles. and after I posted this Dx did it better then i did
hehehe
- #1,794
- Jan 12, 2008 11:09pm Jan 12, 2008 11:09pm
Oh gosh... that is bad news bears... if you can find a way that will help you... I will give you a boatload of Bhat
I would vote for the maldives.. thats me though, keep a guest room open.
shouldn't the lines be coming from the bottom/top wicks? whats up?
if you get them there and look at charts it is super easy IMO to trade from them. once you get them right you will see how.
Sizz.
Just had a bulb flash... making sense now how the price is walking from line to line... great stuff!
So, Maldives it is...
"The only successful substitute for brains is silence."
- #1,795
- Edited 11:22pm Jan 12, 2008 11:10pm | Edited 11:22pm
Absolutely.
Just had a bulb flash... making sense now how the price is walking from line to line... great stuff!
So, Maldives it is...
hehehe sweet.
EDIT:
something i ahve be salivating about and islander mentioned it then Skunny semi confirmed it.... is that through a correlation of FIb and gann line you can predict TIME of price hits...PRICE and TIME. because of this thread I read up on Gann... if you haven;t do so...or don;t... but imagine saying oh yeah I broke the 0 my target is xyz... and I think I should hit that in about 26 1H candles...
yeah...sorta useful. off topic what if you mixed gann with fibs with Ew with fib time? I have no clue.
- #1,799
- Jan 13, 2008 12:10am Jan 13, 2008 12:10am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts