Gann Take Profit Levels

To really get into Gann, you guys should add time to your charts. Euro 5 min. chart. Perfect squaring of 360 bars and 360 pips.

Price is only 1 of 2 axis. The angles add a 3rd axis.

OK, so 360 bars = 360 * 5mins = 1,800 mins = 30 hours = 12 pips/hour. Or, to make the maths really simple 1 pip every 5 mins (so your Gann on a minute chart would have a scale of 5).
Not disagreeing with you, just wondering why this is a good square or ratio?

Because it had worked out many times in the past. Plus, there's confluence with other time frames at specific marks of time.

My whole point though, was that Gann is just as powerful on the x axis as the y axis. Combining the two gives some pretty clear cut areas on the where and when. they don't always work out to be perfect 360x360. 45x45 is more common. But other squares show price/time levels that are good to watch. SQ90 (360/4), SQ144(360/3=72, 72*2=360), etc. Plus the angle created by squares are powerful. 1x1, 1x2, 1x3, etc. Opposing angles intersecting create good divisions of time. But the 1x1 angles rule the day more often than not.

Just providing some food for thought since you guys are doing well with the Sq9 on price.

It's out! =)

Let me know what you guys think.

Feedback, inputs, improvements always welcome.

Cy

PS: Btw, JR97. Could you pse explain what "angles add a third axis" means? Thanks dude~

Deanz.

Dude. I'm not sure why, but I've read through your post on how to use ur kick ass Sq of 9... but it somehow refuses to show the lines...

Let me see k,
(1) Stick e indicator on MT4
(2) 45 degrees, factor 0.25
(3) Draw Horizontal Line (I'm using v5.6a); Label it 1, 2, 3... etc..

_Really_ not sure what I missed out.

I've attached a screen shot. ctrl+b shows tt the lines are drawn, but somehow they dont appear. (they're supposed to be black btw, not white like e chart background. rofl)

v2 works though... so yea.

Sorry to trouble ya mate.

Nice spread sheet. Thanks for sharing.

Angles add a third axis simply means that a square is only one face of a cube. So if you look at a cube other than straight on, what do you see? Should see a lot of angles both exernally and internally going off into 3d space.

I learn Gann Sq 9 trading method.. It is very good, but the problem, I never found an exact method for entry using this analysis.. Any suggestion ?

Kissaki,

I see Sq of 9 methods as a independent and stand alone methodology that is highly complimentary to "the usual" trading methods.

At the end of the day, it's a tool... a really useful tool, but a tool nonetheless. How you're going to build your house (trading profits) with it, is really your call and application.

Gann did mention that things like risk control, trading psychology, health, etc... "the usual" things that are mentioned in almost every TA book are extremely important. Sq of 9 and other more intricate Gann methods might be your precision tools, "the usual" things (moving averages, candlestick analysis, etc) are your bricks and motar. You can't build a house with ONLY the tools. You need both.

My 2 pips on this is that entry and stop placement are personal things. Every trader needs to find a method of entry, exit & stop placement that suits his time frame and character.

My humble recommendation is to use moving averages as a filter to give you a feel for when the market is trending, and to use candle sticks as entry. (the simple bricks n motar). Sq of 9, tells u when it might or might not be a good time to enter, eg, @ 360 levels.

At the end of the day, trading still boils down to,
"The Trend is your Friend" and "Cut your losses short, let your profits run"

My 2 pips =)

Cy

For version v5.6 name the line 9

see picture here

and you will get lines drawn for each indicator you thrown on the chart, in version 3 you had to keep renaming the line to view the different levels.

The only difference between the closely grouped levels as in the SQ9_v5.1 or SQ9_v5.2 or SQ9_v5.3 indicators and the wide spread ones like SQ9_v5.4 or SQ9_v5.5 or SQ9_v5.6 is done by just moving the decimal point in the price before doing the calculation.


Dean.

AH. I see the light...

Thank you for the clarification Dean.

I have just seen this thread, it is the best one I have ever seen in FF
But why it stopped?
However I hope to continue developing this strategy

Please Cyrus, would you please give some explanation about using your excel sheet

Please have a look to this chart
I have added 2 GANN Fan to your indicator I think the result is good and give a better of future price movement

Thanks

many thanks for this indicator. It is very easy to work with it only changing the line and the name from -1 to 1.

is it possible to do the same with the indicator that squares time? The same user (Coder) made a time indicator too, and can be found in Akuma forum in the same thread. With this indicator instead of a horizontal line we should use a vertical.

one question, is the factor 10 the most correct? It is what i am using.

Sorry, maptoprofit, as titled, FF didn't update me on this.

In essence, the ranger projects the date of the turning point +/- 2 to max 3 days of accuracy.

IF in Uptrend,
Price (price range) = Number of points of retracement until swing low.

Date = Date of Swing Low.

From there, the ranger will give you the dates which turning points should occur at.
The gann sq of 9 indicator will give you the price.

Works particularly well in commodities. =)
Pse shoot if you have questions.
If FF somehow doesn't email me tt this thread is being updated,
PM me pse.

Btw, do you guys have problems projecting "-9" numbers for Sq of 9 indicator?
Mine's wonky only works for "9"

Hi

I am new to Gann , How do u divide your chart with degrees ?

Thanks

thats chart will makes me crazy...

Anyone still here...SQ9 working out good for me.

what is your method , how do you use it ?

It simply amazes me how convergence of Gann angles and Fibonacci ratio works like a charm!

hi guys, is there any body ? i wanted to exchange some ideas here about Gann methods...

Hello,

i look for a Gann Indicator since long time, this looks very interresting but on my MT4 platform, there are no lines
I used the latest verstion SQ9_V5.6b and this do not work

is there a special setting or timeframe?

amando