Gann Analysis

Matei, this can not be used because it gives little information. For example, now has swing down only on one-bar Swing Chart. In my chart yellow is two-bar chart, and blue is three-bar. Rectangles are trends in two-bar chart. The names are pips/days.

Only when there is a swing down on two-bar chart, I will have the right to build a new fan of 1.4547.

"The Livermore System defines the market (the trading ticker) in terms of trend and swing. An upswing, for example, is a consecutive series of higher pivot highs and higher pivot lows. An uptrend is a consecutive series of upswings. A downswing is a consecutive series of lower pivot lows and lower pivot highs. A downtrend is a consecutive series of downswings. Trends and swings are determined by two filters. A larger swing filter and a penetration filter that is one-half the size of the swing filter. A change in trend is a reversal of swing filter size from the last up or down swing. A pivot is the high or low point of each swing. Time is not a consideration in the Livermore System or in the construction of a swing chart. A swing chart is created somewhat like a point and figure chart. Instead of Xs and Os and box sizes, with a swing chart a vertical line is drawn when prices have moved the swing filter distance in the opposite direction from the previous high or low pivot.

Livermore used penetrations of the pivot points, marked by "P" on the swing chart, to either add new positions when they occurred in the direction of the trend, or as stop-loss levels when they occurred in a direction opposite to the trend. The Livermore System is somewhat unique because of the role of the penetration filter. Many other swing trading systems use any breakout of a prior pivot high pivot or low pivot as the signal to add positions or as a stop loss level.

All positions were liquidated at the first penetration of a stop-loss level. A second penetration of the next occurring pivot in the direction of the new trend confirmed the new trend. A new trend "failed" when the second confirmation did not occur. In those cases Livermore would reenter in the direction of the prior trend when prices exceeded the size of the swing filter from the failed trend's highest high or lowest low."


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Thanks Orionsway for starting this thread, I have been following for years.

Learning slowly, great to see the latest contributions from JR97 and Matei.... they have helped enormously.

I have had price figured out for some time.

The wattage in my light-bulb has increased exponentially.

Thanks to all of you.

Thank you for your kind words Eggster

4h target reached

My pleasure Eggster, yes their is great expanding taking place, much knowledge within the pages. Dont be shy expand within

Keep with it Eggster. Being on this particular path has definitely made a difference in my trading. Having probable "when" areas definitely helps in waiting for "where".

JR thanks bro that would be excellent if you could

I feel like some kind of intruder. Just go with the new fan ...

Why do you say that, dude?

If what you're doing works for you keep doing it. that's all that matters.

This is a very important support.

Already touched.

I agree no need to feel liek an intruder Godim, that being said i think euro breaks down mid term trade for a new LO, not playing it already missed entry's

yesterday jupiter went retro
today jupiter moves into taurus and conjunction with mercury

Get it now price support?

An interesting chart that makes you think about the angles of Gann.

So levels today. Later I will try to write something more.

Undoubtedly, the bears have an advantage. If we consider only the fan of 1.4939, it has already broken support 1x2. In this situation the normal movement of the price to angle 1x1.
But there is a possibility for Lost Motion.
"
Lost Motion: When applied to angles, lost motion occurs when a price penetrates an important support or resistance angle before it regains the angle and resumes the trend. Keeping a record of the average amount of penetration before the regain, helps a trader determine when a trend changes and with his stop placement.
"
Animated graphics

Let us now consider the fan of 1.4547. The picture that we see is characteristic of the development of a trend. The price varies between "fast" angles. Here we can see and criteria for the end of fall. This is passing the price over 4x1 or 3x1 angles.
Animated graphics.

The decline may become irreversible.