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Attachments: GGG - Gann Grid Group Trading
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GGG - Gann Grid Group Trading

  • #121
  • Aug 3, 2009 11:14pm Aug 3, 2009 11:14pm
Sorry, i am not understanding what you want to show in pic.
If you are drawing GG according to my lessons then it is wrong.
Please again study all my lessons.

Quoting forexgaz
haiderfsd, is this right? Please see attached pic
  • #122
  • Aug 4, 2009 3:31am Aug 4, 2009 3:31am
Quoting haiderfsd
Sorry, i am not understanding what you want to show in pic.
If you are drawing GG according to my lessons then it is wrong.
Please again study all my lessons.
That's just the problem! I have studied your lessons several times and they are very hard to follow. My pic clearly shows I put the grid on the last low and the last high. Price broke out to the downside into the sell zone then retraces to the positive line where it then continues downward. That is how I understand your system! If that is wrong could you please be a little more specific. Everyone on this forum seems to be confused with your system.
Maybe if you put a full size chart and wrote comments so we could see exactly how you make a decision to buy or sell?
  • #123
  • Aug 4, 2009 3:42am Aug 4, 2009 3:42am
Here is another chart of another successful trade. Price breaks the negative line creating a buy zone. It then pulls back forming a 123 pattern. I take the trade when it breaks the number 2 and because you never did tell us what the profit is I take profit when it reaches the other side of the grid.
That is how I understand your system. If it is not right. Please be specific in what is wrong with it.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 Aug. 03 18.41.gif Size: 22 KB
  • #124
  • Aug 4, 2009 5:53am Aug 4, 2009 5:53am
Here is another trade based on your strategy. Anything wrong with this one?
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_08 Aug. 04 20.51.gif Size: 19 KB
  • #125
  • Aug 4, 2009 11:54pm Aug 4, 2009 11:54pm
Quoting haiderfsd
ok, i will upload video ...
Still waiting.
  • #126
  • Aug 5, 2009 3:34am Aug 5, 2009 3:34am
OK after doing some back testing of this strategy here is maybe a simpler way of explaining it. Haiderfsd, interested in your thoughts.
As you can see in the chart attached I applied a Gann negative line with a value of 10 to the last highest high. That was then broken as price went into the buy zone. We could have moved the Gann line to this latest high but it would not have been a buy signal had it been broken because..
When that line was broken it did not have a higher low. If you look where I drew the green line this is a valid buy signal because it is a classic 1-2-3 pattern. A 123 pattern consists of a low (number 1 on chart). A retracement to a high (No. 2) another low (no. 3) but this low is not as low as the number 1.
Furthermore the 123 pattern confirmed the original placement of the Gann line with the number 3 touching it. Although it was hard to understand, I believe the other criteria is that the number 3 should be below the gann line and not in the buy zone so as you can see this chart fits all of that criteria.
Haiderfsd, never did tell us the profit target but using the 123 method the target is the amount of pips from the number 3 point to the number 2 point projected into the future from the number 2 point.
Confused? That line with the arrows on it is the same amount of pips as the length from no 2 to no 3. The profit target is that amount of pips FROM the number 2 point upwards. As you can see the goal was met.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_18 Aug. 05 18.30.gif Size: 21 KB
  • #127
  • Edited Aug 6, 2009 12:32am Aug 5, 2009 2:17pm | Edited Aug 6, 2009 12:32am
Okey, I got it. I have 0.4 scale in both GGrid & GLine (-&+).
Now it looks good.
Thanks. Good system. Buy & Sell Zone & LH or HL & SL 5*spread.
Very safe system.
And Fibo expansion works as profit targets.
Thanks to all.
  • #128
  • Aug 5, 2009 7:19pm Aug 5, 2009 7:19pm
Simple trendline would work as fine if you just replace it after first breakout and wait for second one for entry.

Just a tough.
  • #129
  • Aug 6, 2009 12:31am Aug 6, 2009 12:31am
This is very good trendline. It takes away decision making and emotions and shows bigger trends clearly and GGrid is very helpful too.
Very safe trading.
I like it, very much.
  • #130
  • Aug 8, 2009 2:18am Aug 8, 2009 2:18am
Dear, i was quite busy, from Monday i will answers all quires submitted by you.

Quoting juhanimi
Okey, I got it. I have 0.4 scale in both GGrid & GLine (-&+).
Now it looks good.
Thanks. Good system. Buy & Sell Zone & LH or HL & SL 5*spread.
Very safe system.
And Fibo expansion works as profit targets.
Thanks to all.
  • #131
  • Edited 5:43am Aug 8, 2009 5:40am | Edited 5:43am
Hi Haiderfsd,

Thank you for taking time out of your busy schedule to share the Gann Theory with everyone. I for one am "sold out" on his work, but due to the perceived complexity of Gann's work and lack of sharing from people who do understand his work, I have never "got on top" of his work. You have certainly bridged that gap and I thank you for that.

Would you mind drawing a GG on M-30 GBP/USD? I only trade Cable and do not want to practice on the Forum. I have studied your #Lessons in detail, but comprehension is still a problem. ( I have drawn a NEG-line from a High @ 11h30 GMT on August 5th and was impressed at how the line contained the direction since then until Thursday's major move down.)

Much appreciated.

Best wishes.
Hercs
  • #132
  • Aug 8, 2009 10:46am Aug 8, 2009 10:46am
Hi Hercs.. I think this is the main things you have to know it and its very clear.

http://cloud.forexfactory.com/attach...1&d=1244465493


1- Draw Green line by GG.
2-Draw Red line by GG.
3-Breaking Negative (Red)Line .. to be in BuyZone.
4 & 5 -Wait next Peak to draw new Negative Line (and Higher Vally)
6-Breaking (the new Negative Line) is the Entry for Long.
Never sell @ lower upward channel unless breacked and vise versa .
  • #133
  • Aug 8, 2009 8:40pm Aug 8, 2009 8:40pm
Nice diagram wedwed what do you use for profit target?
  • #134
  • Aug 9, 2009 12:39am Aug 9, 2009 12:39am
Quoting forexgaz
Nice diagram wedwed what do you use for profit target?

Hi Brother.. i dont have target for this style yet. and i prefer to take profit on first SR level..
i am waiting Mr.haiderfsd to comlete his nice cource here.

my trading style is TL , channels and SR levels.
and GG line some times comes like my TL ..
Never sell @ lower upward channel unless breacked and vise versa .
  • #135
  • Aug 10, 2009 1:20am Aug 10, 2009 1:20am
Hello,
Again i am posting Gann Grid graphs and also adding profit target.

Attached Image (click to enlarge)
Click to Enlarge Name: gu1.jpg Size: 95 KB


This chart is showing that there is four decimal price therefore i am using GG with sclae=1 and if you chart is 5 decimal then you have to use scale=10. Here price is breaking positive line and going in Sell zone. This break is not signal for sell. It is just showing only sell zone mean no one can exicute buy trade in this area. After this we have to wait new valley. As new vally will be created we will adjust positive line at new vally and will not move negative line angle. Now we have to wait Lower High(L-H) in triangle.

Attached Image (click to enlarge)
Click to Enlarge Name: gu2.jpg Size: 116 KB



This chart is showing that after (L-H) in triangle when price breaks positive line there is a signal for sell trade.

Attached Image (click to enlarge)
Click to Enlarge Name: gu3.jpg Size: 117 KB


For profit target we use Fibonacci Retracement.
In this chart you are seeing Fibonacci Retracement from lowest vally to highest peak and taking profit at level 161.8.



  • #136
  • Aug 10, 2009 1:35am Aug 10, 2009 1:35am
Great, now your concept is right but there is required a little correction.
your Positive Line 1 is not at right place it should be at lowest valley. If you will adjust positive line at lowest valley then you will see Higher Low(H-L) with in triangle and Fibonacci Retracement will be at right place.
Quoting WedWed
Hi Hercs.. I think this is the main things you have to know it and its very clear.

http://cloud.forexfactory.com/attach...1&d=1244465493


1- Draw Green line by GG.
2-Draw Red line by GG.
3-Breaking Negative (Red)Line .. to be in BuyZone.
4 & 5 -Wait next Peak to draw new Negative Line (and Higher Vally)
6-Breaking (the new Negative Line) is the Entry for Long.
  • #137
  • Aug 10, 2009 2:50am Aug 10, 2009 2:50am
Much appreciate you time, WedWed. Here is another student for life.

Best wishes.



Quoting WedWed
Hi Hercs.. I think this is the main things you have to know it and its very clear.



http://cloud.forexfactory.com/attach...1&d=1244465493


1- Draw Green line by GG.
2-Draw Red line by GG.
3-Breaking Negative (Red)Line .. to be in BuyZone.
4 & 5 -Wait next Peak to draw new Negative Line (and Higher Vally)
6-Breaking (the new Negative Line) is the Entry for Long.
Hercs
  • #138
  • Aug 10, 2009 2:52am Aug 10, 2009 2:52am
Thanks Haiderfsd, I actually thought that much and had drawn my line at that point.

Appreciate your time.

Best wishes.

Quoting haiderfsd
Great, now your concept is right but there is required a little correction.
your Positive Line 1 is not at right place it should be at lowest valley. If you will adjust positive line at lowest valley then you will see Higher Low(H-L) with in triangle and Fibonacci Retracement will be at right place.
Hercs
  • #139
  • Aug 10, 2009 6:14am Aug 10, 2009 6:14am
Hi WedWed and or Haiderfsd,

Please could you draw GG on a current (and NOT June 2009!) GBP/USD chart for clarification.

I am placing an attempted drawing here, but I can tell you upfront, that I could not draw the Neg-line. (My GG sometimes gives me an option of 2 points and sometimes not and I do not know why)

I used Point "A" as start as it represents in my mind's eye, a VALLEY whereas the LOW to the left of it, is just a Low. Comment plse.

Therefore Point "B" will be penetrating the NEG-line which I drew in Magenta @ midnight GMT candle. Comment plse.

Is Point "C" therefore the entry into SELL-Zone or could we have entered sooner?

I did not want to put any burden on you guys to help me at getting this right, but I have been trading full time for 9 years and I recognise a "gem" in this method and do not want to be left behind.

Your kind assistance will be appreciated.
Attached Image (click to enlarge)
Click to Enlarge Name: monday 10 aug 09 m30.gif Size: 34 KB
Hercs
  • #140
  • Aug 10, 2009 6:22am Aug 10, 2009 6:22am
I attach for your kind perusal a similar chart with GG draw precisely as the previous one but on a platform that is GMT +2 and now I can see the incredible NEG-line and also the peak within the Grid.

Should I therefore concentrate on this chart rather than the GMT-charts?

Once again your assistance will be much appreciated.

Best wishes.
Attached Image (click to enlarge)
Click to Enlarge Name: monday 10 aug 09 m30 (b).gif Size: 26 KB
Hercs
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