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Gann PVS (Price vibration System) Trading

  • #81
  • Edited 10:34pm Mar 15, 2012 10:09pm | Edited 10:34pm
Quoting allonso
Hi,

There were quite a number that showed interest in Gann trading following Moneydeeps posting of his excel calculator on this thread.

Where are you now and why won't you post of your experiences with the Brooky29 indicator. To see the graphics of trades made would not only help beginners but futher the discussion of Gann and his methods.

Don't be shy, take part in this interesting method.

Allonso
I'm sorry I haven't been much active in the thread. I'ts because I was busy with personal matters. Also I am a novice/intermediate trader at best and was hoping that by starting this thread others would post their experiences using gann lines.

Brooky has done a great job with the indicator and I use it for my daily analysis. (I don't use the latest one though).

I am going through a time where I realised that I needed some inner peace and quiet to develop a system of trading that I feel comfortable with. This has kept me busy. I've been doing research on timing and hope to share it here someday.

I can post charts sometimes if that helps but you have to realise my main intention with this thread was to put this out so people could use it with their system(whatever way they trade) I said clearly on the first thread this is not a system.

PHEW saying that I will pop in now and then if anyone has questions but the indicator kinda answeres everything
  • #82
  • Mar 16, 2012 11:33am Mar 16, 2012 11:33am
Hi Moneydeep,

Glad you dropped in and yes it would be great if you can post charts sometimes, it all helps the rest of us who are trying to find out how the Brooky29 indicator is helping with trading.
I have read lots about Gann and his timing methods and the more I read the more confusing it becomes, there are so many times given, Calendar days, Trading Days, Weekly timing and so on. Even then I am not sure
how it would apply to FX.
However I have attached a chart of Brooky29's indicator with a Ganns 11 trading days setting. As can be seen the are quite a number of minor peaks that are either on a line or within two bars of it.
Problem is that the lower the TD setting then inevitably we are going to get more hits and close approximations, and do we really want to know minor turns or are we after Intermediate and Major turning points.
I am hoping that Brooky29's new indicator when ready may help to resolve some of these puzzles.

Regards Allonso
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-monday.gif Size: 75 KB
  • #83
  • Mar 16, 2012 12:09pm Mar 16, 2012 12:09pm
Quoting allonso
Hi Moneydeep,
....
I am hoping that Brooky29's new indicator when ready may help to resolve some of these puzzles.

Regards Allonso
Allonso Hi.
Just to keep you and others in the loop, one of the other traders from here has been kindly assisting in getting the next indi to a holistic state where there is something in it for everyone. It should not be too long before it can be posted up. Snapshot below of where it is up to using an auto 11 day set back. Many auto features for the uninitiated and the squaring calcs shown and the square shaded for reference.
Cheers
Brooky
Attached Image (click to enlarge)
Click to Enlarge Name: moneydeepgannupdate.gif Size: 46 KB
  • #84
  • Mar 16, 2012 2:44pm Mar 16, 2012 2:44pm
definitely consider myself a lurker to this thread, but I do keep checking in to see the updates


haven't figured out a way to incorporate it into my trading yet, but from observing price behavior around the Gann lines it seems that one can utilize them much in the same manner as pivot points. Anyone have thoughts on this method of use?
  • #85
  • Mar 16, 2012 10:22pm Mar 16, 2012 10:22pm
Quoting neuron
definitely consider myself a lurker to this thread, but I do keep checking in to see the updates


haven't figured out a way to incorporate it into my trading yet, but from observing price behavior around the Gann lines it seems that one can utilize them much in the same manner as pivot points. Anyone have thoughts on this method of use?
When I originally started thats exactly what I was doing. Observing price action around those lines and trading.
  • #86
  • Mar 16, 2012 11:10pm Mar 16, 2012 11:10pm
Quoting neuron
definitely consider myself a lurker to this thread, but I do keep checking in to see the updates


haven't figured out a way to incorporate it into my trading yet, but from observing price behavior around the Gann lines it seems that one can utilize them much in the same manner as pivot points. Anyone have thoughts on this method of use?
That's what I got from reading his square of nine theory. 4 of the numbers act as support. 4 of them act as resistance. And the middle one is the pivot point.
Time turns trend. - W.D. Gann
  • #87
  • Mar 17, 2012 12:33am Mar 17, 2012 12:33am
Quoting allonso
I thought that there might be a way to delete all lines from the screen with one click.
Here is a pretty useful script that I use to delete objects from a chart with a single click.

Put it in your experts/scripts folder, then just double click on it and all objects will be removed from your chart.
Attached File(s)
File Type: mq4 CleanupAll_Objects.mq4   2 KB | 1,347 downloads
  • #88
  • Mar 17, 2012 5:18am Mar 17, 2012 5:18am
Hi Brooky,

Looking at the graphic of your new indi, I thought I had been transported to the flight deck of the Starship Enterprise. Those elliptical curves look very much like planetary orbits, looking forward to loading it and testing just what it can do.
By the way does it come with an operating manual.

Allonso
  • #89
  • Mar 17, 2012 5:21am Mar 17, 2012 5:21am
Hi Aldente

Thanks for the script, I will give it a try. I live in hope that when Brooky has finished all the hard work on this new indi he may find a coding solution, so that my line indi can operate completely on its's own.
Many thanks though

Allonso
  • #90
  • Mar 17, 2012 7:44am Mar 17, 2012 7:44am
Thank you for the topic, it made me register to the forum. As you've pointed out already, the problem with Gann is the time factor. Gann experts are super-secretive about timing. The rest is pretty basic maths, we can draw lots of s/r lines in hindsight, but will be lost at trading them in real time.

There is a distinction in the scale, which is not clear enough in the original Excel sheet and it's even more blurred in the indicator's settings. We can divide a circle in halves (then quarters, eighths etc.) or thirds (then sixths, twelfths etc.):

i.e. 1/2, 1/4, 1/8 (50%, 25%, 12,5% or 180°, 90°, 25°);

and 2/3, 1/3 (66,6%, 33,3% or 240°, 120°) etc.

This normally yields more consistent results on an instrument. However, alternating the "major" levels (50% or 25% with 66,6% or 33,3%) might yield consistent results as well. All depends on the definitions, though. For instance, 50% might mean half (or twice) the current price – or halfway between a chosen price swing. I have yet to test the sheet and the indicator based on an instrument's all time high or all time low, looking for confluence.

Apart from these, I couldn't find anything else consistent enough when it comes to Gann expertise. And as I mentioned, this is all pretty useless without knowing how to calculate the time factor.
  • #91
  • Mar 17, 2012 10:20am Mar 17, 2012 10:20am
Hi All,
This thread had become very interesting and attractive. But it seems that if Moneydeep can give us some examples on how he trades using Brooky's indis.
If possible, this will be a kindness effort from all here to understand how to use this system in real trading.
Cheers,,,
  • #92
  • Mar 17, 2012 10:40am Mar 17, 2012 10:40am
Hi to everyone else,

Dont be lurkers join in the discussion and lets get some trades posted using the one Gann method that works, with graphic illustrations would be the ideal thing.

You only have to load the Brooky29 indi on page 4 No 56 and play around with it until you get the feel and then try some demo trades and then post a graphic of it and tell us of your experience.

The more Brain Power we can get on this thread the better we are all going to be as traders.
Join us don't lurk.

Allonso
  • #93
  • Mar 17, 2012 10:55am Mar 17, 2012 10:55am
All,
I don't have more than superficial knowledge of gann, but have been able to use this indicator along with others to make some real nice trades. Don't have the source code but it can easily be decompiled, this is much more accurate than any moving average scheme i've seen. Maybe it can also help some of you, I can share my experiences on it for those interested. You can see my thread in trading systems.
(blue line)

Attached Image (click to enlarge)
Click to Enlarge Name: gold2.jpg Size: 216 KB
Attached File(s)
File Type: ex4 Gann_HiLo.ex4   2 KB | 1,510 downloads
Skype: heliosphan187
  • #94
  • Mar 17, 2012 11:14am Mar 17, 2012 11:14am
Quoting Dirtybrown
All,
I don't have more than superficial knowledge of gann, but have been able to use this indicator along with others to make some real nice trades. Don't have the source code but it can easily be decompiled, this is much more accurate than any moving average scheme i've seen. Maybe it can also help some of you, I can share my experiences on it for those interested. You can see my thread in trading systems.
(blue line)

Attachment
Sir
How you trade it ? plz
  • #95
  • Mar 17, 2012 2:51pm Mar 17, 2012 2:51pm
Hi Moneydeep,

You have put forth a fresh approach for applying Gann principles and trading system which will prove useful to members.

This can be compared to Pivot Point Generation and then reconfirming with other trading tools.

Best wishes.

Sharad Kapadia
  • #96
  • Mar 18, 2012 8:18am Mar 18, 2012 8:18am
In a nutshell, when the current price candle on 1 hr chart closes above the gann line, i go long. Opposite for short, if candle on 1 hr closes below the gann line, maybe a good time to short.

I also apply lots of filtering that has nothing to do with gann. Please see my thread here on how I trade: http://www.forexfactory.com/showthread.php?t=345808


Quoting naser_mohamm
Sir
How you trade it ? plz
Skype: heliosphan187
  • #97
  • Mar 18, 2012 8:22am Mar 18, 2012 8:22am
All, I've hit a treasure trove of very old gann documentation. From what I'm reading due to the age of the material I don't think these are still under copyright. If anyone has information to the contrary, let me know and I will remove it.

Behold! I have lots more too..
Attached File(s)
File Type: pdf W.D.Gann - The Basis of My Forecasting Method.pdf   1.5 MB | 3,006 downloads
Skype: heliosphan187
  • #98
  • Mar 18, 2012 4:22pm Mar 18, 2012 4:22pm
to those using this indicator, what settings are you finding most useful?

curious if people are using the Auto TF hi lo option, if so are you using the default 3 bars back and which higher TF do you use?

personally i've been fiddling with different settings to see if I can get a usable Gann grid, explored using just 1 bar back auto TF to 10800 for H1 charts (so using the hi and lo from the last weekly bar) and it seems that prices are respecting the grid angles and the cycle of 34 seems to be significant


I'm trying to explore the usage of this indicator without the AutoTFhilo option as well. Is the correct use to identify recent swing hi and swing low points and stretch the control bar ends to meet these points?
Attached Image (click to enlarge)
Click to Enlarge Name: gannpvs.jpg Size: 122 KB
  • #99
  • Mar 18, 2012 5:31pm Mar 18, 2012 5:31pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu-gann1.jpg Size: 223 KB


Just got it loaded. I left it at 1440, since for some reason when i set it to 60 it scaled oddly and got moved too far right? not sure what happened.

Anyway, the default lookback on my gann hi-lo activator is 10, so I set the Brooky one to the same see above. I really like this, since the hi-lo activator can flicker sometimes (which is when I usually rely on higher TF's during "noise") this helps me understand the noise and see the support

Fantastic Brooky!!!!!!!!

Quoting neuron
to those using this indicator, what settings are you finding most useful?

curious if people are using the Auto TF hi lo option, if so are you using the default 3 bars back and which higher TF do you use?

personally i've been fiddling with different settings to see if I can get a usable Gann grid, explored using just 1 bar back auto TF to 10800 for H1 charts (so using the hi and lo from the last weekly bar) and it seems that prices are respecting the grid angles and the cycle of 34 seems to be significant


I'm trying to explore the usage...
Skype: heliosphan187
  • #100
  • Mar 18, 2012 6:05pm Mar 18, 2012 6:05pm
put in a couple stop orders based on this Gann PVS

let see how things pan out
Attached Image (click to enlarge)
Click to Enlarge Name: gannpvs.jpg Size: 134 KB
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