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Gann Analysis

  • #3,401
  • Dec 15, 2012 8:57am Dec 15, 2012 8:57am
Quoting hu5
What about this.
maybe you will tell us
  • #3,402
  • Edited 9:22am Dec 15, 2012 9:12am | Edited 9:22am
Quoting godim
Today, because there is little time to do an analysis of how the market has evolved yesterday.

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and COT report shows some speculative accumulation till tuesday, comercials gone shorter, last week was clearer, but maybe january reports will be more reliable
The yesterday move went "on jumps" - fast breakaways with tight balance levels, that should suppose more liquidity balancing than "trending interest", which means probability for a good pull back, perhaps the middle level (this conception is still in "guessing" level for me, so the last statement should not be taken so seriously, but I know there is something in it )
There is a situation I had with "natural bearishness" not long time ago - I saw probabilities for a good short trading setup, based on candlesticks, and waited a little for conformation. The confirmation came, I went short, but there was no followthrough - the reverse candle was all the supply there was for that level, after that a minor higher high came on the 1 minute chart, but I didn't notice it - even thou I saw it - I was just waiting for the price to fall. After that there came a clear higher low and a little bullish candle - I was still waiting. It was a really great long that followed. In fact that was the situation that made me think about and a little later realize that bearishness
These are the angles I rely upon for the "big picture" - not sure if the latest fan is correctly started, but it seems that price respects it most, so I will too
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  • #3,403
  • Dec 15, 2012 1:50pm Dec 15, 2012 1:50pm
Quoting kypa
and COT report shows some speculative accumulation till tuesday, comercials gone shorter, last week was clearer, but maybe january reports will be more reliable
The yesterday move went "on jumps" - fast breakaways with tight balance levels, that should suppose more liquidity balancing than "trending interest", which means probability for a good pull back, perhaps the middle level (this conception is still in "guessing" level for me, so the last statement should not be taken so seriously, but I know there is something in it )
There is a...

Many words you write and I do not always understand what you mean. The graph speaks for me more. Your something I do not like. The angle between the 1x1 angles must be 90 °. You have only 119 bar for hourly a week. Hey those things to which I really keep.

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,404
  • Dec 15, 2012 2:12pm Dec 15, 2012 2:12pm
How can you "count" bars on?

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File Type: pdf eBook-Secrets-of-MetaTrader4.pdf   1.2 MB | 1,261 downloads
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,405
  • Dec 15, 2012 8:33pm Dec 15, 2012 8:33pm
Another E/U weekly.
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Time turns trend. - W.D. Gann
  • #3,406
  • Dec 16, 2012 6:47am Dec 16, 2012 6:47am
Quoting godim
Many words you write and I do not always understand what you mean. The graph speaks for me more. Your something I do not like. The angle between the 1x1 angles must be 90 °. You have only 119 bar for hourly a week. Hey those things to which I really keep.
If you stretch the chart that angle will be 90, more important is how much you will stretch it so the angles are respected by price. Those angles are drawn by Fibonacci fan, which does not change its proportions in stretching, so the angles come at the same time/price space no matter the chart is or is not drawn squared. This is 1h chart, it aims to show where the hourly candles interact with daily angles, if you stretch it you will have to zoom it out and it will show no more than the 4h chart, which is better for longer term trades, but not enough precise for intraday trades. The 119 bars per week is an error that comes from the broker - the last friday bar is not shown. That error equals 0.58 pips per week for the 1x1 angle and less than 2 pips for the 4x1 angle. Since the angles that are used on that chart last about two weeks average, the average error is about 1.5 - 2 pips, which equals the average difference between different brokers' quotes, and even cant be clearly seen on the 1H chart. Of course it is better if the chart is properly squared, and quotes are right 120 hours per week, but it is not the most important thing for that chart exactly. There is one more thing - the 1x1 angle of 14 pips per hour/day is based on empirical research, there is no exact calculation behind it - and if there would be it could come at 14.1 or 13.989 pips per hour/day and 1 bar of error per week to fix the calculation exact. I respect that angle because price respected it alot in the past, and so does now, but don't know the reason for that. Perhaps it has something to do with the basis of euro - the ECU - a currency, calculated from the value of more than one national currencies, or maybe the numbers 7 and 5, or the planets that govern the european economy or something else - some day I'm gonna find out, but I don't have the answer yet

Quoting godim
How can you "count" bars on?
You must be joking
There is one Secret of metatrader, but that is easy to discover if you simply ask yourself the question why does every broker offer the mt4 but very few the mt5
  • #3,407
  • Dec 16, 2012 8:42am Dec 16, 2012 8:42am
Im thinking ppl cant be bothered to recode everything/convert your experts into the mt5, I can use mt5 but chose mt4 simply for this reason, mt5 has some nice features but acceptability of previous acquired experts. if they had a auto function that auto rewrites what i have i would use MT5. not everyone knows how to code and I am 100% 1 of them LOL
"Millionaires don't use astrology, billionaires do"
  • #3,408
  • Dec 16, 2012 10:07am Dec 16, 2012 10:07am
Quoting kypa
If you stretch the chart that angle will be 90, more important is how much you will stretch it so the angles are respected by price. Those angles are drawn by Fibonacci fan, which does not change its proportions in stretching, so the angles come at the same time/price space no matter the chart is or is not drawn squared. This is 1h chart, it aims to show where the hourly candles interact with daily angles, if you stretch it you will have to zoom it out and it will show no more than the 4h chart, which is better for longer term trades, but not enough...
Ah, my friend,
I just trying to help. You obviously do not need help.
Normally, starting a discussion both sides learn something new. I hope if you know anything about these 14 pips/day to share in the forum.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,409
  • Dec 16, 2012 10:20am Dec 16, 2012 10:20am
eur/usd daily

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I will not comment on the chart.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,410
  • Dec 16, 2012 10:35am Dec 16, 2012 10:35am
G, please forgive the subjective natures of PPL. Many will come to realize everything is just subjective, your value has had Much merit here within, I can attest to such things. !!!!!
"Millionaires don't use astrology, billionaires do"
  • #3,411
  • Dec 16, 2012 11:02am Dec 16, 2012 11:02am
Quoting OrionsWay
G, please forgive the subjective natures of PPL. Many will come to realize everything is just subjective, your value has had Much merit here within, I can attest to such things. !!!!!
Orion, I'm not mad at anybody. Just the discussion became a difficult. Especially in English.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,412
  • Dec 16, 2012 12:05pm Dec 16, 2012 12:05pm
Quoting godim
Orion, I'm not mad at anybody. Just the discussion became a difficult. Especially in English.
Ya wasnt implying you were, just seen it struggling is all be well bro
"Millionaires don't use astrology, billionaires do"
  • #3,413
  • Dec 17, 2012 1:16am Dec 17, 2012 1:16am
Godim, your help is appreciated, otherwise I would not reply at all, sorry for the bunch of words, but that is the explanation of the reason why I draw that chart that way and care so little for the right angles.
  • #3,414
  • Edited 3:06am Dec 17, 2012 2:34am | Edited 3:06am
Quoting OrionsWay
Im thinking ppl cant be bothered to recode everything/convert your experts into the mt5, I can use mt5 but chose mt4 simply for this reason, mt5 has some nice features but acceptability of previous acquired experts. if they had a auto function that auto rewrites what i have i would use MT5. not everyone knows how to code and I am 100% 1 of them LOL
Perhaps you use that experts to analyze data faster, but there are many people that invest and trade solely by experts, without analyzing and understanding anything. MQL4 is one of the easiest languages to encode, with mt easyly make up a mechanic system and backtest it in a couple of minutes over a decade of data. Easyness gets always its price. Of course people who get seriously into that will make it a lot more better and detailed, but for the average trader this is one more stab in the back. About half an year ago a friend of mine came out with the idea, that if we plot the spot and future prices of one currency on the same chart, we can spot increase in supply/demand in one of the instruments by changes in the slightly difference in prices. We made an Indicator - a simple moving average (used with a period of one) for one instrument plotted on another's chart, we found a broker that offers futures (CFDs, but I didn't know that back then) and we made up the Great Chart. That simple moving average walked in line with the price for about 20 bars, no matter timeframe, before that was a mess, perhaps mt saves in different way historical and present data, I don't know, but that made me seriously doubt in the reliability of mt. That idea is still valid, it worked back then, but is not precise enough with 4 digit quotes and CFD instead of futures. If it be made for a real futures and ecn spot quotes, it can show valuable signals, but there is no mt4 broker offering that and I still don't have the money for a paid platform and a "real money account" - more than $/€/@/# 10 000
You may try your hands at coding, it's a kind of fun
P.S. you are right for subjectivity, writing in a forum makes oneself come clearer with his own thoughts more than acquire some new knowledge
  • #3,415
  • Dec 17, 2012 5:34am Dec 17, 2012 5:34am
eur/usd H4
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gbp/usd H4
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,416
  • Dec 17, 2012 5:51am Dec 17, 2012 5:51am
eur/usd H4

And so. New PA HiLo Activator analysis of the H4 chart.
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If we go back a few bars, we see that now bears have made a big step forward. Thursday and Friday CONSOLIDATED price, but the best result was NeutralSlope. We have UPTREND and DownSlope, which is success for the Bears. Still no Sell signal. This could be achieved by closing the H4 bar under SellStop line. Right now at 3149.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,417
  • Dec 17, 2012 6:04am Dec 17, 2012 6:04am
And last for today.

eur/usd M15

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,418
  • Dec 17, 2012 10:17am Dec 17, 2012 10:17am
best forex strategy ever
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  • #3,419
  • Edited Dec 20, 2012 6:18am Dec 19, 2012 12:13pm | Edited Dec 20, 2012 6:18am
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  • #3,420
  • Edited Dec 20, 2012 12:14pm Dec 19, 2012 9:28pm | Edited Dec 20, 2012 12:14pm
E/U daily update.
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Time turns trend. - W.D. Gann
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