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GGG - Gann Grid Group Trading

  • #161
  • Aug 12, 2009 2:28am Aug 12, 2009 2:28am
In this chart previous peak is not showing which is creating Lower High.
Quoting forexgaz
Although I appreciate discovering the Gann line to use with the 123 pattern I have to say that this thread seems to be all over the place as far as rules are concerned and when they apply. The author saying that trades taken in the buy/sell zone have an %80 success rate is ridiculous when he doesn't even have a profit target. Then he has rules which he himself doesn't even adhere to. Look at the chart attached which the author himself supposed fixed according to his own rules but his rules are "there must be a lower high NOT in the sell zone"...
  • #162
  • Edited 6:22am Aug 12, 2009 2:35am | Edited 6:22am
Until negative line does not break we will ignore all higher lowe. Just in sell zone we have to focus only lower high according to highest peak and another thing on which we have to focus is divergence.
Quoting forexgaz
Although I appreciate discovering the Gann line to use with the 123 pattern I have to say that this thread seems to be all over the place as far as rules are concerned and when they apply. The author saying that trades taken in the buy/sell zone have an %80 success rate is ridiculous when he doesn't even have a profit target. Then he has rules which he himself doesn't even adhere to. Look at the chart attached which the author himself supposed fixed according to his own rules but his rules are "there must be a lower high NOT in the sell zone"...
  • #163
  • Aug 12, 2009 2:45am Aug 12, 2009 2:45am
Great, confirm entry was at 1.6461.
Quoting Hercs
Kindly comment on my chart as of this morning.

The NEG-line remains intact, but the Lower Highs came into play.

My entry was earlier than the signal (marked with Blue triangle), but I just want to confirm that my understanding of the concept is correct, please.

Note that profit was taken at the 123% Fib level.

Best regards.
  • #164
  • Aug 12, 2009 2:49am Aug 12, 2009 2:49am
Quoting haiderfsd
Great, confirm entry was at 1.6461.

Thank you very much for your time and expertise accorded me, Haiderfsd. Much appreciated.

Wishing you LONG pockets and SHORT arms.

Best regards.
Hercs
  • #165
  • Aug 12, 2009 2:51am Aug 12, 2009 2:51am
After break it is must to wait to close the bar beyond the breaking point, because some time bar close in triangle which may dangerous.
Quoting Hercs
Kindly comment on my chart as of this morning.

The NEG-line remains intact, but the Lower Highs came into play.

My entry was earlier than the signal (marked with Blue triangle), but I just want to confirm that my understanding of the concept is correct, please.

Note that profit was taken at the 123% Fib level.

Best regards.
  • #166
  • Aug 12, 2009 2:55am Aug 12, 2009 2:55am
Quoting haiderfsd
After break it is must to wait to close the bar beyond the breaking point, because some time bar close in triangle which may dangerous.

Point taken, thank you. I usually wait for the close of the bar anyway. BTW. my entry was on the close of the bar @ 07h00 (GMT +2 chart shown).

Looking forward to many profitable trades with you.
Hercs
  • #167
  • Aug 13, 2009 5:27am Aug 13, 2009 5:27am
Hi Haiderfsd,

I attach here for your very kind perusal and comment an Hourly chart. Would you mind telling me whether I am at liberty to accept this chart as correct, plse?

The solid Aqua-line above is there for 2 reasons:
(a) to show you that we were getting Lower Highs and therefore

(b) I took the NEG-Line on which it is drawn as the "active" NEG-line.

I will post another "current" M30 chart after this for your comment as well as it is the first time that I have the opportunity to read the chart when the market broke out LONG.

Thanking you most sincerely.
Attached Image (click to enlarge)
Click to Enlarge Name: wednesday 12 aug 09 h1.gif Size: 37 KB
Hercs
  • #168
  • Edited 6:10am Aug 13, 2009 5:38am | Edited 6:10am
Here is what I saw this morning when I analysed my chart.

Entry on the close of the 07h00 candle marked in vertical Yellow dotted line.

Please tell me whether I am correct in drawing the GG.

Thanks in advance.

BTW, you may (or may not) have the SQ9 (Price) indicator, but I attach it here for you to look at in terms of accurate resistance / support levels. After lots of reading about the subject over the last 4 years, I believe that the settings in this one is now correct.
Attached Image (click to enlarge)
Click to Enlarge Name: thursday 13 aug 09 (h1).gif Size: 47 KB
Attached File(s)
File Type: mq4 SQ9 (Price) 22.5 Factor 14.mq4   4 KB | 886 downloads
Hercs
  • #169
  • Aug 13, 2009 6:18am Aug 13, 2009 6:18am
Do not move negative line until break, and here seeing divergence therefore should be careful.
Quoting Hercs
Hi Haiderfsd,

I attach here for your very kind perusal and comment an Hourly chart. Would you mind telling me whether I am at liberty to accept this chart as correct, plse?

The solid Aqua-line above is there for 2 reasons:
(a) to show you that we were getting Lower Highs and therefore

(b) I took the NEG-Line on which it is drawn as the "active" NEG-line.

I will post another "current" M30 chart after this for your comment as well as it is the first time that I have the opportunity to read the chart when the market broke out LONG.

Thanking...
  • #170
  • Aug 13, 2009 6:25am Aug 13, 2009 6:25am
Quoting haiderfsd
Do not move negative line until break, and here seeing divergence therefore should be careful.
Please Haiderfsd, won't you show me the divergence? I can see divergence on indicators, but not on GG yet.

Thanking you in advance.
Hercs
  • #171
  • Aug 13, 2009 6:42am Aug 13, 2009 6:42am
Yes, we have to care the divergence with indicators.
Quoting Hercs
Please Haiderfsd, won't you show me the divergence? I can see divergence on indicators, but not on GG yet.

Thanking you in advance.
  • #172
  • Edited 6:33am Aug 14, 2009 6:31am | Edited 6:33am
Haiderfsd, I was unable to log onto the Forum hence me being so late in posting this chart, but I like some confirmation from you, please.

M15 GBP/USD.

Note the active POS / NEG lines:

1. The Line A, B, C is obviously the POS-line and the extension of C - E from the High [unmarked (sorry)] is the NEG-line and therefore the TREND is still SHORT.

2. D to E is another POS-line which was broken @ 7h15 and so was F to G @ 09h15 and this is where my question comes in, if we trade the M15, we would have had to wait for this candle/Bar to close and therefore missed out on 80 pips! Is that correct or can we "step down" to M5 for entry, which I did.

3. Good divergence for the Long after the spike down for another +36 pips.

Once again my sincerest thanks for putting me on the right road to understanding what TREND really means.

Best wishes for a great weekend.

(I am sorry; it seems as if the lines moved a little with this screen-print, but I am sure you will see what I meant)
Attached Image (click to enlarge)
Click to Enlarge Name: friday 14 aug 09 (m15).gif Size: 37 KB
Hercs
  • #173
  • Aug 14, 2009 7:05am Aug 14, 2009 7:05am
Previously we were in GBP/USD 30M and H1 and there we saw divergence. And it was clear, that after a long time price will go in buy zone in H1. So then we will see in M5 and will find Buy zone in M5 and then in M15,M30..... . And it is compulsory to wait to close the bare and if price move so much then you have to wait pullback and then exicute trade.
Quoting Hercs
Haiderfsd, I was unable to log onto the Forum hence me being so late in posting this chart, but I like some confirmation from you, please.

M15 GBP/USD.

Note the active POS / NEG lines:

1. The Line A, B, C is obviously the POS-line and the extension of C - E from the High [unmarked (sorry)] is the NEG-line and therefore the TREND is still SHORT.

2. D to E is another POS-line which was broken @ 7h15 and so was F to G @ 09h15 and this is where my question comes in, if we trade the M15, we would have had to wait for this candle/Bar to...
  • #174
  • Aug 14, 2009 7:23am Aug 14, 2009 7:23am
Thank you for the reply.

Here is my H1-chart and when I looked at it this morning, I accepted that it was still below the NEG-line A - B (where B was the Lower High in relation to the starting point at A) and therefore that the direction was still SHORT.

Considering the fact that TWO of the lower NEG-lines were broken on the way back up, was my assumption therefore incorrect?

Should I have redrawn?

Thanks for replying.
Attached Image (click to enlarge)
Click to Enlarge Name: friday 14 aug 09 (h1).gif Size: 83 KB
Hercs
  • #175
  • Aug 14, 2009 7:40am Aug 14, 2009 7:40am
Yes in H1 price was in short but after divergence you should use GG in M5.
Quoting Hercs
Thank you for the reply.

Here is my H1-chart and when I looked at it this morning, I accepted that it was still below the NEG-line A - B (where B was the Lower High in relation to the starting point at A) and therefore that the direction was still SHORT.

Considering the fact that TWO of the lower NEG-lines were broken on the way back up, was my assumption therefore incorrect?

Should I have redrawn?

Thanks for replying.
  • #176
  • Aug 14, 2009 7:43am Aug 14, 2009 7:43am
Quoting haiderfsd
Yes in H1 price was in short but after divergence you should use GG in M5.

Many, many thanks! Much appreciate you sharing such valuable information.

Enjoy the weekend.
Hercs
  • #177
  • Aug 17, 2009 4:45am Aug 17, 2009 4:45am
This is my attempt at drawing the correct GG on the H4 chart and Haiderfsd I would appreciate you looking at it with the view of confirming the correctness thereof and/or showing me where I went wrong.

I could not draw it on a scale of 1.00 as per the other TFs, but the minute I changed the scale to 10, I managed to get the GG up. Was that correct and if not, what should be done, please.

The NEG-line is shown from point A to B and the active POS-line from C to D.

Also, please note the perfect ZLR on the CCi in window 1 on the 12h00-candle on Friday which indicated that the short was not over yet. Also, the Schaff Trend line was already short.

The price hit the upward sloping Magenta coloured Gann line at the same time as price hit the previous Low @ 1.6339 with the -23,6% Fib waiting @ 1.6287 where I anticipate it will reach due to the fact that the retrace hit the 38,2% Fib level at 12h00 on 13th August.

Your time and expertise is appreciated.

Best wishes.
Attached Image (click to enlarge)
Click to Enlarge Name: monday 17 aug 09 (h4).gif Size: 87 KB
Hercs
  • #178
  • Aug 17, 2009 8:30pm Aug 17, 2009 8:30pm
Thanks kar and haiderfsd for your lessons. I like this Gann Grid stuff!

jack
  • #179
  • Aug 19, 2009 1:06am Aug 19, 2009 1:06am
You have to see it on the history and which ever scale fits best, you have to use that.

Quoting Hercs
This is my attempt at drawing the correct GG on the H4 chart and Haiderfsd I would appreciate you looking at it with the view of confirming the correctness thereof and/or showing me where I went wrong.

I could not draw it on a scale of 1.00 as per the other TFs, but the minute I changed the scale to 10, I managed to get the GG up. Was that correct and if not, what should be done, please.

The NEG-line is shown from point A to B and the active POS-line from C to D.

Also, please note the perfect ZLR on the CCi in window 1 on the 12h00-candle...
  • #180
  • Aug 19, 2009 1:11am Aug 19, 2009 1:11am
Hi Haiderfsd,

Would you please be so kind as to correct my H1 chart for me?

As you can see the NEG-line running through (B) top left was taken out at midnight and although it is incredible to see where that candle closed below the 270* Gann level (which is apparently a very significant level as is 90* and 180* - probably all 90* increments) and on another NEG-line, we now need to establish a new NEG-line.

Should that be drawn from the immediate HIGH @ point (B)?

Looking forward to hearing from you and wishing you a "successful day at the office."
Attached Image (click to enlarge)
Click to Enlarge Name: wednesday 19 aug 09 h1.gif Size: 86 KB
Hercs
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