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Gann Analysis

  • #3,381
  • Dec 13, 2012 7:58am Dec 13, 2012 7:58am
eur/usd

Few PA on H4 chart.

Attached Image (click to enlarge)
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First a signal to close long positions. That's 38 percent rule and because the price is passed under SellStop line. We see UPTREND and NeutralSlope. When the next H4 bar go under 3040 will generate DownSlope. Then should they have to Sell signal. DOWNTREND when the price drops below 2994. Addendum to the short position?
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,382
  • Dec 14, 2012 12:53am Dec 14, 2012 12:53am
Quoting godim
eur/usd

Few PA on H4 chart.

Attachment

First a signal to close long positions. That's 38 percent rule and because the price is passed under SellStop line. We see UPTREND and NeutralSlope. When the next H4 bar go under 3040 will generate DownSlope. Then should they have to Sell signal. DOWNTREND when the price drops below 2994. Addendum to the short position?

With the breakthrough of 3100 was rebuilt UPTREND and UPSLOPE.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 26 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,383
  • Dec 14, 2012 1:02am Dec 14, 2012 1:02am
eur/usd H4

The price is on "last defensive line" to the protection of bears.

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Click to Enlarge Name: eurusd.gif Size: 49 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,384
  • Dec 14, 2012 1:23am Dec 14, 2012 1:23am
Quoting godim
eur/usd H4

The price is on "last defensive line" to the protection of bears.

Attachment
and this is the fourth time prices aproach that level of resistance, usdchf took the previous low, retracements and time periods between highs (lows) getting narrower, today is friday - some things just don't happen on fridays, but euro is in a very very strong position
  • #3,385
  • Dec 14, 2012 1:54am Dec 14, 2012 1:54am
I think it's better to watch the development of the cable.

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Click to Enlarge Name: gbpusd.gif Size: 51 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,386
  • Dec 14, 2012 2:50am Dec 14, 2012 2:50am
gbp/usd

This is HiLo Activator for daily chart gbp/usd.

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We see UPTREND and NeutralSlope. In a break below 6083 will be formed DownSlope and will have Sell signal. We can only assume that the euro will follow pounds.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,387
  • Dec 14, 2012 4:33am Dec 14, 2012 4:33am
eur/usd H4

One possible scenario.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 49 KB


Attached Image (click to enlarge)
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,388
  • Dec 14, 2012 4:50am Dec 14, 2012 4:50am
HiLo Activator.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 26 KB


The previous H4 bar was external. This means NeutralSlope. At break below the bottom 3067 will have DownSlope and Sell signal.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,389
  • Dec 14, 2012 5:02am Dec 14, 2012 5:02am
Quoting godim
HiLo Activator.

Attachment

The previous H4 bar was external. This means NeutralSlope. At break below the bottom 3067 will have DownSlope and Sell signal.

Maybe this last statement is not true. You have to look to the bar with 3100 peak and the his bottom. And then there is no outside bar.

After some time graph.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,390
  • Dec 14, 2012 5:10am Dec 14, 2012 5:10am
Quoting godim
Maybe this last statement is not true. You have to look to the bar with 3100 peak and the his bottom. And then there is no outside bar.

After some time graph.
Promised graphics.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 28 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,391
  • Dec 14, 2012 8:04am Dec 14, 2012 8:04am
eur/usd H4

Yes. Only now has NeutralSlope. In a break below the bottom 3966 will have DownSlope and Sell signal.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 25 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,392
  • Dec 14, 2012 8:58am Dec 14, 2012 8:58am
Quoting godim
eur/usd H4

Yes. Only now has NeutralSlope. In a break below the bottom 3966 will have DownSlope and Sell signal.
It is a kind of a range on that chart I suppose, I used to define ranges with candlesticks - a trading range on a smaller timeframe chart looks like a cross-doji or a high-wave candle (today 8 o'clock bar or yesterday 8 o'clock bar BG time semi-one) on the larger. False breaks out of the range are more common than real ones and you may want to consider Mr. Gann's 3 point rule for a break signal - works well for "3 points" - 1/4 of the range. It is large enough time frame, a close outside should also confirm the break.
  • #3,393
  • Dec 14, 2012 9:29am Dec 14, 2012 9:29am
or maybe square that range... it was in a weak position both from top and bottom from the second third of the second square, which gave it a chance to fall down, it made a low at about the bottom of the range and an up move following, testing the 50% and after that making two lows at the lower 45 angles cross support - which puts it in a less weaker position and gives a chance for a strong position in the third square. A strong position from the bottom is a fact now, but since the high is preceding the low in the range, the position from the high is more important that that from the low (not fully respecting by price the 45 angle from the low proves that). A strong position against both high and low and a successful test (a low just above) of 50 percent level and/or the upper 45 cross support/resistance line may give a chance for breaking the upper limit of the range. Since it is friday and London session almosst over, a follow-through has less probability.
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  • #3,394
  • Dec 14, 2012 1:20pm Dec 14, 2012 1:20pm
Quoting godim
eur/usd H4

One possible scenario.

Attachment

Attachment
Ultimately my scenario proved wrong.

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Or not entirely wrong. I do not know.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,395
  • Dec 14, 2012 9:44pm Dec 14, 2012 9:44pm
E/U weekly. Fenced in Gann lines.
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Time turns trend. - W.D. Gann
  • #3,396
  • Dec 15, 2012 3:17am Dec 15, 2012 3:17am
Quoting godim
Ultimately my scenario proved wrong.

Attachment

Or not entirely wrong. I do not know.
I suppose not - but the real 2x1 angle goes where the dotted line is (and that is why you draw it, I am sure), not the straight one, that makes that angle support instead of resistance and the close is right above. The only mistake I can see is that you trust mt4 lines more than your own. And maybe you are a "natural bear" - a part of your subconsious always thinks price will fall. I am one, that is why I made money in May and lost in June this year, and that is why now I always look at usdchf for euro analysis, or simple inversed graphics for other markets.
  • #3,397
  • Dec 15, 2012 5:13am Dec 15, 2012 5:13am
Quoting kypa
I suppose not - but the real 2x1 angle goes where the dotted line is (and that is why you draw it, I am sure), ....
Yes. I taken a decision and then I do so.

Post 279
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,398
  • Dec 15, 2012 5:29am Dec 15, 2012 5:29am
Quoting kypa
I suppose not - but the real 2x1 angle goes where the dotted line is (and that is why you draw it, I am sure), not the straight one, that makes that angle support instead of resistance and the close is right above. The only mistake I can see is that you trust mt4 lines more than your own. And maybe you are a "natural bear" - a part of your subconsious always thinks price will fall. I am one, that is why I made money in May and lost in June this year, and that is why now I always look at usdchf for euro analysis, or simple inversed graphics for...
There is only one rule.

Post 1,029

Yesterday's move does not conflict with this rule. The problem is that I read the PA signals in this way.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,399
  • Dec 15, 2012 5:56am Dec 15, 2012 5:56am
What about this.
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  • #3,400
  • Dec 15, 2012 7:18am Dec 15, 2012 7:18am
Quoting godim
There is only one rule.

Post 1,029

Yesterday's move does not conflict with this rule. The problem is that I read the PA signals in this way.
Today, because there is little time to do an analysis of how the market has evolved yesterday.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 42 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
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