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  • #899,161
  • May 19, 2014 12:49pm May 19, 2014 12:49pm
Quoting ffleo
why I have doubt about Gann angles? Because it use 45 degree, 30 degree, etc. why it has to be 45 and 30 or 15 degree? You stretch your price or time axis a little, the angle will change. Alright so I have to fix my price and time scale? Why is it that? Price does not have to move by a fixed pace both in its value and in time. what if I have a monitor screen with different pixel size in vertical and horizontal directions. So I have to change scale according to my monitor character? So I have to stretch scales to make my angles look like 45 and 30...
Gann angles does not work, like this. It's not a matter of drawing in the chart. It's an angle from square of nine means how many degrees price could go to come to the same angle or at an angle well defined. It's long to explain and needs after that long time for practice.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #899,162
  • May 19, 2014 12:52pm May 19, 2014 12:52pm
Quoting godim
{quote} This confusion is a result of not understanding the concept - "the scale of the price in the time." This is a basic concept. I can explain it in detail. I've done this in another thread.
I understand the scale of price in time. On a large time frame, price can only move a certain amount in a certain time. But why it has to be 45 or 30 or 15 degree? Why not 12, 36, or 13.5 degree? I am sure you will tell me that you will stretch the scale to make it look like 45 degree.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #899,163
  • May 19, 2014 12:55pm May 19, 2014 12:55pm
Quoting ffleo
{quote} so if it dips you are going to add to losers which most people would object. I think Vachus would object strongly
No worries about it, i'm used to it and know what i do

I don't add based on level, but based on what the price is saying. It's not like i'll add every 10 pips down
COT: The precious data ignored
  • #899,164
  • May 19, 2014 12:59pm May 19, 2014 12:59pm
Quoting kuroro001
{quote} No worries about it, i'm used to it and know what i do I don't add based on level, but based on what the price is saying. It's not like i'll add every 10 pips down
adding every 10 pips, disaster can happen. of course depending on how much to add every 10 pips and for how long a stretch.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #899,165
  • May 19, 2014 1:04pm May 19, 2014 1:04pm
Quoting Davit
{quote} profitable as well.Its based on deviation which I believe in. I am not against using TL in general I am just saying it should not be sole reasons to place a trade. I like your market profile. Regards

Hi Davit,
Do you wait whole swing complete to enter trade or let say if price turn back down or up around RSI 50 and BB middle line you consider this level as well?
  • #899,166
  • May 19, 2014 1:04pm May 19, 2014 1:04pm
Quoting ffleo
{quote} adding every 10 pips, disaster can happen. of course depending on how much to add every 10 pips and for how long a stretch.
I said i won't do it, there is no point doing it. Its all based on volume, if i see buyers and PA agrees i buy, same thing for sellers. Otherwise i wait for the right time.

But if anyone can do it successfully, that's great....until account goes boom
COT: The precious data ignored
  • #899,167
  • May 19, 2014 1:04pm May 19, 2014 1:04pm
Quoting ffleo
{quote} I understand the scale of price in time. On a large time frame, price can only move a certain amount in a certain time. But why it has to be 45 or 30 or 15 degree? Why not 12, 36, or 13.5 degree? I am sure you will tell me that you will stretch the scale to make it look like 45 degree.
These are the angles, which is used Gann. He connected the two points with a line. Simple.
http://www.forexfactory.com/showthre...22#post5596422

In MT4, our friends from MetaQuotes, have prepared a surprise.
http://www.forexfactory.com/showthre...45#post5596445
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #899,168
  • May 19, 2014 1:05pm May 19, 2014 1:05pm
Quoting Alki
{quote} Gann angles does not work, like this. It's not a matter of drawing in the chart. It's an angle from square of nine means how many degrees price could go to come to the same angle or at an angle well defined. It's long to explain and needs after that long time for practice.
Here is the simple truth
MA's trader think price hit this MA or Another MA and did something
TL Tech traders think Price broke lower TL higher TL and did something
Gann traders think price hit this angle that angle and did something

Bottom truth is price is based on order flow.You are only seeing what you want to see but price is moved by sellers and buyers a constant battle and one side wins.You can superimpose millions of things on it but does not change this constant battle.
To me Elliot Wave makes lot of sense because it takes human behavior as factor.Greed and Fear dominate the market.
In trading, you have to be defensive and aggressive at the same time
  • #899,169
  • May 19, 2014 1:07pm May 19, 2014 1:07pm
Quoting kuroro001
{quote} I said i won't do it, there is no point doing it. Its all based on volume, if i see buyers and PA agrees i buy, same thing for sellers. Otherwise i wait for the right time. But if anyone can do it successfully, that's great....until account goes boom
then trade carefully by managing risk: low leverage, low leverage, repeat, low leverage.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #899,170
  • May 19, 2014 1:10pm May 19, 2014 1:10pm
Quoting Davit
{quote} Here is the simple truth MA's trader think price hit this MA or Another MA and did something TL Tech traders think Price broke lower TL higher TL and did something Gann traders think price hit this angle that angle and did something Bottom truth is price is based on order flow.You are only seeing what you want to see but price is moved by sellers and buyers a constant battle and one side wins.You can superimpose millions of things on it but does not change this constant battle. To me Elliot Wave makes lot of sense because it takes...
I want to learn EW. Bought a book suggested by infinitus. Need to find time to read the book
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #899,171
  • May 19, 2014 1:12pm May 19, 2014 1:12pm
Quoting godim
{quote} These are the angles, which is used Gann. He connected the two points with a line. Simple. http://www.forexfactory.com/showthre...22#post5596422 In MT4, our friends from MetaQuotes, have prepared a surprise. http://www.forexfactory.com/showthre...45#post5596445
I think it is ok to use Gann as a guide, if you got experience in it, combined with other tools, all as a guide.

As long as you have proper risk management, any method will make you survive in the market. With proper risk management, you can make money even going against trend. Of course you will make more money betting in the trend.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #899,172
  • May 19, 2014 1:15pm May 19, 2014 1:15pm
Quoting ffleo
{quote} I want to learn EW. Bought a book suggested by infinitus. Need to find time to read the book
I trade Harmonics which is based on EW.Great subject to study.
In trading, you have to be defensive and aggressive at the same time
  • #899,173
  • May 19, 2014 1:17pm May 19, 2014 1:17pm
Quoting Davit
{quote} I trade Harmonics which is based on EW.Great subject to study.
I downloaded that e-book following the link you posted.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #899,174
  • May 19, 2014 1:21pm May 19, 2014 1:21pm
WHat is funny about today is how many people have spent their time arguing with Davit and other "senior members". It would be of much use to put them on ignore and focus on trading wouldn't it?
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #899,175
  • May 19, 2014 1:25pm May 19, 2014 1:25pm
Quoting ScalpLikeMe
WHat is funny about today is how many people have spent their time arguing with Davit and other "senior members". It would be of much use to put them on ignore and focus on trading wouldn't it?
I just did. thanks for the reminder

Attached Image
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #899,176
  • May 19, 2014 1:25pm May 19, 2014 1:25pm
Quoting ffleo
{quote} As long as you have proper risk management, any method will make you survive in the market. With proper risk management, you can make money even going against trend. Of course you will make more money betting in the trend.
In all cases, a trader needs a METHOD (Gann HP TL Stochas Fib..etc) BUT a method is needed. Which one can give a good return with good money management? Here's the Holy Graal question.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #899,177
  • May 19, 2014 1:27pm May 19, 2014 1:27pm
Quoting ScalpLikeMe
WHat is funny about today is how many people have spent their time arguing with Davit and other "senior members". It would be of much use to put them on ignore and focus on trading wouldn't it?
Its a trading forum not signal providing service so discussions may not interest you but it may stimulate others to
moment of
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #899,178
  • May 19, 2014 1:27pm May 19, 2014 1:27pm
Quoting ScalpLikeMe
WHat is funny about today is how many people have spent their time arguing with Davit and other "senior members". It would be of much use to put them on ignore and focus on trading wouldn't it?
Says the person who has done nothing but post meaningless posts all day. Go figure

and Davit has earned his stripes and I read what he says with interest
  • #899,179
  • May 19, 2014 1:32pm May 19, 2014 1:32pm
Quoting Alki
{quote} In all cases, a trader needs a METHOD (Gann HP TL Stochas Fib..etc) BUT a method is needed. Which one can give a good return with good money management? Here's the Holy Graal question.
it all boils down to experience. A truck driver will control a truck better than a plane pilot unless the pilot is also a truck driver as a second profession.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #899,180
  • May 19, 2014 1:32pm May 19, 2014 1:32pm
Quoting ffleo
{quote} I just did. thanks for the reminder {image}
likewise
In trading, you have to be defensive and aggressive at the same time
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