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Before/after analysis, the method to which I obliged my success!

  • #201
  • Apr 2, 2017 11:12pm Apr 2, 2017 11:12pm
Quoting deankenny21
{quote} I guess you have not clicked my name and looked back through my profile TIP: click the screenshots. For example here is one of my recent average trading day Don't be so quick to jump in future, looking first before taking the jump may save you. Also more than welcome to check my twitter for my personal life {image}
Great and, congratulations on being a profitable trader
  • #202
  • Apr 2, 2017 11:14pm Apr 2, 2017 11:14pm
Quoting TGS
{quote} Great and, congratulations on being a profitable trader
Thanks, but as many others, I hate having to prove it somehow, as I am not trying to sell anything, or promote myself freely, so like the others we tend to just stick to ourselves and trade for ourselves, because after all Forex is a "zero sum Game" meaning when someone wins $1,000 someone somewhere has lost $1,000.

EDIT: also I assume people would check up on such things, with the amount of time I spent helping people here in my early days, and all the followers I gained, and a job offering which kickstarted me financially into forex, trading funds for a Canadian record company, I just assume my credibility is obvious.
  • #203
  • Apr 2, 2017 11:21pm Apr 2, 2017 11:21pm
Quoting deankenny21
{quote} Thanks, but as many others, I hate having to prove it somehow, as I am not trying to sell anything, or promote myself freely, so like the others we tend to just stick to ourselves and trade for ourselves, because after all Forex is a "zero sum Game" meaning when someone wins $1,000 someone somewhere has lost $1,000. EDIT: also I assume people would check up on such things, with the amount of time I spent helping people here in my early days, and all the followers I gained, and a job offering which kickstarted me financially into forex, trading...
You shouldn't apologize for being profitable. It's only reasonable to back up such claims because as you're aware, anyone can make any claim at anytime.

For instance, consider the monkey I seem to have on my back "RondaRousey." This user seems to be enjoying himself continually making posts about me, calling me "noob," etc. and yet, he has provided no proof nor any evidence that he is a capable person in any form.
  • #204
  • Apr 2, 2017 11:23pm Apr 2, 2017 11:23pm
Quoting RondaRousey
{quote} TGS, Now pull out your demo account and show DeanK.
I don't want to go at war with anyone here. So they have no need to show me anything, I wish TGS just as much as yourself all the profits and and luck in forex as the next person. I'm pretty humble when it comes to these things, if money has taught me one thing, it is exactly that, being humble.

But however, when I spot shady looking things, and I'm in one of my bored moments, I can't help but step in.
  • #205
  • Apr 3, 2017 6:19am Apr 3, 2017 6:19am
My thread became popular while I was on weekend. Hah!
I read various opinions. Welcome!
I saw the post that lines, levels, figures, etc., are an abstraction. I want to warn all readers about what really, don't believe only in the Gann line, as a single truth. Trading and making the right decisions are a set of factors. In this case, the graph analysis method is just one of the tools. Everyone decides for himself how to use it. I constantly analyze the market, but this doesn't mean that I always trade. Read the news, study the basic theory, learn the psychology of trading and study the base of risk management. All this is very important, as the analysis of graphs.
Surrealist
  • #206
  • Edited 6:48am Apr 3, 2017 6:27am | Edited 6:48am
I saw forecasts for AUD/JPY.
My version.
The price is at 4:1. A correction has begun along the level and now there will probably be a slight decrease. But in the long run, the price should return to 1: 4 (white). Maybe after touching 1:8. If 1:8 is sufficiently weak, then the graph can go to the level of 83.80.

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Surrealist
  • #207
  • Apr 3, 2017 6:38am Apr 3, 2017 6:38am
EUR/USD will finish moving down. After touching of 1:4, there'll probably be an increase to 1:2. I believe that the level of 1:4 can be strong enough to not be punched. But still there may be a correction in the area of this level, after which a more directional movement will begin.

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Surrealist
  • #208
  • Apr 3, 2017 7:06am Apr 3, 2017 7:06am
Excellent gain! I'm following your trade.

Hope to reach that level equity soon.
Cheers, D
Risk comes from not knowing what you're doing.
  • #209
  • Apr 3, 2017 9:10am Apr 3, 2017 9:10am
Quoting SalvatoreD
I saw forecasts for AUD/JPY. My version. The price is at 4:1. A correction has begun along the level and now there will probably be a slight decrease. But in the long run, the price should return to 1: 4 (white). Maybe after touching 1:8. If 1:8 is sufficiently weak, then the graph can go to the level of 83.80. {image} {image}
I did an independent study and I came to a similar conclusion as it is still too early to tell. It really depends on what happens at 8:1. If I was forced to choose one right now, I would choose the first guess. Thanks.

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  • #210
  • Apr 3, 2017 9:15am Apr 3, 2017 9:15am
Quoting SalvatoreD
EUR/USD will finish moving down. After touching of 1:4, there'll probably be an increase to 1:2. I believe that the level of 1:4 can be strong enough to not be punched. But still there may be a correction in the area of this level, after which a more directional movement will begin. {image} {image}
I'm confused a little about labelling. When I looked up Gann fan examples on TradingView, all the examples that I saw from different users use slightly different labeling.

What I mean is, for an upward facing fan, what I'm calling the "working side" seems to be labeled 2:1, 3:1, 4:1, 8:1 but instead, you're using 1:2, 1:3, 1:4, 1:8.

Which one is correct?
  • #211
  • Apr 3, 2017 10:53am Apr 3, 2017 10:53am
Just curious.

Which timeframe are you using?
  • #212
  • Apr 3, 2017 11:28am Apr 3, 2017 11:28am
H1
  • #213
  • Apr 3, 2017 1:27pm Apr 3, 2017 1:27pm
Quoting TGS
{quote} I'm confused a little about labelling. When I looked up Gann fan examples on TradingView, all the examples that I saw from different users use slightly different labeling. What I mean is, for an upward facing fan, what I'm calling the "working side" seems to be labeled 2:1, 3:1, 4:1, 8:1 but instead, you're using 1:2, 1:3, 1:4, 1:8. Which one is correct?


Same doubt...
Let us be green
  • #214
  • Apr 3, 2017 1:43pm Apr 3, 2017 1:43pm
As far as my understanding, I could be wrong:-

If prices fall below 1x1 line, it means the trend turns. According to Gann, prices should then sink down to the next trend line (in this case, it is the ray of 2x1).
  • #215
  • Apr 3, 2017 10:20pm Apr 3, 2017 10:20pm
Hello Mr. J

Thanks for sharing your knowledge about the Gann tools. I'm trying to learn it now to support my decision when to enter trades.

Regarding how to plot the Gann grid, is it similar in plotting the fan? +/-45 degree?

Quoting SalvatoreD
1. Starting point of Gann grid - the beginning of the decline, the end point - a touch trend resistance. Make sure that the angle was 45
Is my grid plotted correctly? Both points of the grid are similar to both points of the upside-down fan.
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  • #216
  • Apr 4, 2017 2:34am Apr 4, 2017 2:34am
Quoting Lxt
Hello Mr. J Thanks for sharing your knowledge about the Gann tools. I'm trying to learn it now to support my decision when to enter trades. Regarding how to plot the Gann grid, is it similar in plotting the fan? +/-45 degree? {quote} Is my grid plotted correctly? Both points of the grid are similar to both points of the upside-down fan. {image}
Hello!

I'd suggest such a grid construction at the moment.

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There'll be testing 2:1 and after that, a decrease to the angle of grid lines intersection.
Be careful when using Gann net. It's important to find a regularity. The regularity is how the graph behaves near the intersections of lines.
If you try to apply 45 degree to this case, then it'll be difficult to determine the regularity. I seldom break the 45degree rule. But it's commonly believed that this construction is also true.
Surrealist
  • #217
  • Apr 4, 2017 4:30am Apr 4, 2017 4:30am
Quoting deankenny21
{quote} I mean don't get me wrong, fibonacci, trend lines etc hold great merit when done correctly, I don't anyone thinking I am discrediting stuff like that. But I am just trying to portray the fact how people can make things look alot fancier than what it really is, fancy packaging etc, enticements. I always feel I am fighting a losing battle trying to convince new traders the proper way to trade, remember discussing it with my wife earlier, saying that back in 2010, I probably could not even convince myself how I trade nowadays, so I don't feel...
Hi Dean,just wondering, where would you start with learning the fundamentals and do you follow a daily regimen i.e. reading various news releases listening to economic live updates etc?

Cheers and thanks for your advice on this and other forums
FlyLo
  • #218
  • Apr 4, 2017 7:22am Apr 4, 2017 7:22am
Thanks Mr. J

I tested the Gann tools in actual trade and it is really good in forecasting the price. I was only able to collect 12 pips in this AUDNZD because i closed it early since I was about to eat dinner. When I came back it went way below the price when I closed the trade, I could have earned more if i trusted it

Thanks again
  • #219
  • Apr 5, 2017 8:01am Apr 5, 2017 8:01am
Quoting SalvatoreD
Gann should be built from the beginning of the trend movement to its end (from high to low or low to high) When you pull it, you'll see the support and resistance lines. (From left to right) lines from 8:1 to 1:8 for bullish trend and from 1:8 to 8:1 for bearish trend.
I missed that, so that's how it should be plotted.
  • #220
  • Apr 11, 2017 8:55am Apr 11, 2017 8:55am
Quoting FlyingLotus
{quote} Hi Dean,just wondering, where would you start with learning the fundamentals and do you follow a daily regimen i.e. reading various news releases listening to economic live updates etc? Cheers and thanks for your advice on this and other forums FlyLo
Of course, I try to keep abreast of the news. I think that this is important. Read the news line, keep abreast of major political events and decisions.
Surrealist
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