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Andrews Pitchfork (Median Line)
- #3,161
- Nov 14, 2010 6:04am Nov 14, 2010 6:04am
- Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts
- #3,162
- Edited 10:58am Nov 14, 2010 8:29am | Edited 10:58am
- | Joined Nov 2008 | Status: Trader | 2,047 Posts
Nice chart, Yep, Euro bounced the bottom tine nicely. Where to from here?
... Hi auxesis, you are Zen Master?
Rgs
- #3,163
- Edited 9:40am Nov 14, 2010 8:55am | Edited 9:40am
- Joined Nov 2009 | Status: Trader | 1,093 Posts
Nice chart, Yep, Euro bounced the bottom tine nicely. Where to from here?
If it keeps going up, here's my two probable path of price.
a rookie's point of view
- #3,164
- Nov 14, 2010 10:04am Nov 14, 2010 10:04am
- Joined Nov 2009 | Status: Trader | 1,093 Posts
of course this is after the fact...
but the ability to see this, I think, is possible and will take years and years just to be good enough at it. In other words It's impossible to master
but the ability to see this, I think, is possible and will take years and years just to be good enough at it. In other words It's impossible to master
- #3,166
- Nov 14, 2010 10:35am Nov 14, 2010 10:35am
- Joined Oct 2008 | Status: Just be the witness. | 1,089 Posts
Hello MSMarple,
Like your charts. I am sure Gann had concepts that worked well for him. Wondering about the squaring...if you use 90 days (one quarter) on the time axis, how can traders standardize the scale on the y-axis (price) to ensure a square as you have, as the vertical squaring distance may be different depending on the scales used, maybe even screen sizes etc. Just wondering...
FX4Newbies
this is one of the basic requirements for the visual representation of price and time. You can search for terms like " proper scaling of charts ". There are some platforms that are rather poor in that aspect like Mt4, other platforms such as Ensign, Tradenavigator ( Genesis ) or Neoticker provide such tools.
I really don`t want to get in to this too much per way of citing links etc., that would maybe look as if I had any commercial interest ( which I do not have at all ).
For me the proper scaling of charts and fixing is important, as it is necessary if you look at eg one currency pair on multiple timeframes and want to keep the proper angles etc in place.
Hope this helps a bit.
( BTW this is a chart from a good trader friend, I have various blogs and the forum at stockcharts subscribed, for exchange of specific topics and it is from there. I just posted it because it was so " classic textbook ". After some thought I think I will not do that anymore, it could cause misunderstanding. )
______________
michael
Be like water.
- #3,167
- Nov 14, 2010 10:44am Nov 14, 2010 10:44am
- Joined Oct 2008 | Status: Just be the witness. | 1,089 Posts
example Dow Jones daily : having seen the center line, the square in advance, would I be able to act on that ( e.g. sell Dow call options, or sell audusd ) ?
Much to learn here, really great quality.
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michael
this is a daily chart and you chose 90 trading days as the time (base for the square). Please help me under stand how this period is selected in relation to other T/F.
For exmple, if was a one hour chart or a 5 minutes chart, how would we have determined the period to use as the base for the square?
Bless
[/quote]Dear pathumracled,
You would have to have some knowledge about the concept of Gann`s Square of Nine to understand that.
I don´t use a fixed set of squaring numbers, as the base I use the basic bar count ( fib numbers, mostly from 1-8 ), which means I count the very first impulse move and square from that move, extrapolating. This is a kind of momentum or velocity base, I can try to explain in later charts next week. And at the moment I strongly feel that it is a bit off topic, as there are other great traders here like forktrader, xtsunami, kapital and many others who have much more to say. I am just learning here and trying to understand.
All the best to you.
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michael
Be like water.
- #3,168
- Nov 14, 2010 11:02am Nov 14, 2010 11:02am
- | Joined Nov 2008 | Status: Trader | 2,047 Posts
pure price action with time projection ...
If it keeps going up, here's my two probable path of price.
a rookie's point of view
- #3,170
- Nov 14, 2010 11:04am Nov 14, 2010 11:04am
- Joined Nov 2009 | Status: Trader | 1,093 Posts
Show me your charts maybe I can learn something...
- #3,171
- Nov 14, 2010 2:07pm Nov 14, 2010 2:07pm
- | Joined May 2009 | Status: Sucessful Praying FxTrader2Investor | 343 Posts
Good day Msmarple,
this is a daily chart and you chose 90 trading days as the time (base for the square). Please help me under stand how this period is selected in relation to other T/F.
For exmple, if was a one hour chart or a 5 minutes chart, how would we have determined the period to use as the base for the square?
Bless
You would have to have some knowledge about the concept of Gann`s Square of Nine to understand that.
____________
michael
[/quote]Thanks msmarple,
the application of the square (Gann Square??) looks interesting so I wondered. Will do some reading around the topic and see if it answers my Q's.
Bless
- #3,172
- Nov 14, 2010 2:14pm Nov 14, 2010 2:14pm
- | Joined Nov 2008 | Status: Trader | 2,047 Posts
Thanks. This is how I learn...being laughed at
Show me your charts maybe I can learn something...
- #3,174
- Edited 3:36pm Nov 14, 2010 3:04pm | Edited 3:36pm
- Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts
- #3,176
- Nov 14, 2010 5:53pm Nov 14, 2010 5:53pm
- Joined Nov 2009 | Status: Trader | 1,093 Posts
Some more...
