tradingwizzard

US equity markets IMO

the logic behind this trade is that we're still probably in an irregular flat, and now looking for price to move below the 1.3900 level where the a wave red ended.....check the previous analyisis posted on the pair

Trade nr. 10 SHORT EURAUD HERE IN 1.4273 FOR 1.3900 TP SL 1.4500

quick questions Mits on the chart: 1. why vibration 55 2. why cycle 52

thanks for your point of view......yes, PRICE and TIME..........I personally did not understand how to use the "wheel of fortune" as sometimes the Gann wheel is called......I mean I understand the concept, not the utility, so obviously I am missing something there.......the only way I can connect time with price is in specific situations using Elliott Waves analysis (for example in the case of wedges, ending diagonals, where you have the 1-3 trendline that usually needs to be pierced but the length of the fifth wave should be smaller than the third one......and there you go, you have a maximum value for PRICE and a maximum value for TIME as usually fifth wave is shorter in time than the third one as well........so measure the third, both in price and time, and apply the outcome to the fifth)....however, as with many things related to Elliott, words like usually, most likely, etc, are all over the place and this is a drawdown from my point of view Gann is different........what I do found interesting to use in the day to day trading, was the 1x1 concept he refers to all the time......that being the way a certain security/financial product, etc is moving........according to Gann, there is an angle that a financial product (let's say the eurusd pair) keeps all the time when it is rising (so in a bull trend) and a totally different one when it is falling (in a bear market).........and this angle holds true all the time, being steeper in falling markets (because of the panic effect that comes along) and not that aggresive in bullish market (complacency being the reason)

the whole idea to begin with was related to the fact that human behaviour is affected by the moon phase.....well, if markets are a sum of human behaviours, why not trying to find some sort of a connection between the twol......as it turned out, I am not the only one looking at this field as doing my research I found this to be an area of interest since long time ago.......and that lead me to Gann, whose works are as good as they are controversial

well, the reason I said what I said it's about the simple fact that gaps are a controversy for the whole trading world as a matter of fact western world consider them mandatory to close, while Japanese consider them continuation patterns (rising and falling windows).....so where's the catch? where's the trick?....oh wait.......the ones that do not close under the Western world approach, should be considered continuation patterns.....and the ones that do close should be considered regular gaps...like in London's subway.."mind the gap"....so in the end, it's about how you perceive them and how are you trading them.....same examples of successful traders looking for gaps to be closed exists of traders treating them as continuation patterns I trade mainly currencies...this being a fact, I find sometimes that regardless of what stock are you in, because of fundamentals (daily ones), the indices are going down and your stock as well, so gaps are mostly common on equities...that's why, not relevant.....in conclusion, if you want to trade/study/interpret gaps, look at currency markets....... hey, Mits, is this answer good enough for you? even if not, as Bobcollet puts it, you are 10 times better at Gann's approach...so no hard feelings taking, I would really appreciate your point of view on the Knowledge is of more value as gold thread......or email me if you don't want to post there, whatever....thanks and excuse my French....

try to switch from the equity markets to currencies.....they work best for the intraday price action for example, and just as an example, almost 3 out of 4 Mondays, eurusd, on the London session, goes for Asian highs/lows, then reverses and takes the highs/lows, only for price to settle for the middle of the range at the end of the day

first of all, I didn't dig the thread, and even if I did, I don't see what the problem is... second, I find your tone being unpolite, not to say more and third, it s probable the velociraptor valve

what is wrong with you? ....you have a profitable system and you need a coach to help you do what?....can't you deal with yourself?

I really hate gaps, and especially on the equity markets......any strategy based on them seems to be randomness at its best.........IMHO

I use a combo between rsi and williams percentage range to make a difference between a bull and a bear market.........the interpretation I must say it is contrarian in terms of how people usually looks at these indicators

you mean trading can be tought? ....aren't you supposed to have the necessary skills?

....when SL is hit.....if there is any, as it seems to be fashinable not to have one :helloooo:

booked the euraud short for a nice profit......now rest of the opening trades are in red, but stop losses are not touched yet, and that means invalidation levels still hold

looking forward to ....

70's are considered by that broker too, so not missing anything on that part......well, in trading never say never.....still one year to go......

closing trade nr. 8 the short on euraud here in 1.4227 for a nice 81 pips profit

Trade nr. 9 Going SHORT AUDUSD AT MARKET HERE IN 0.9177 SL 0.9320 TP 0.8920

KNOWLEDGE IS OF MORE VALUE THAN GOLD I'm sure many of you are familiar with the works of H.D. Gann. Personally I am a true admirer of both his work and legacy. No other trading style and/or forecasting method knows so much attention and secrecy as that of Gann. His true legacy is, in my opinion, the knowledge that, one way or the other, he managed to pass for the next generations to build on his works. He himself has reiterated the famous King's Solomon words “Knowledge is of more value than gold”. For Gann, everything was a number. He was a master of cycle analysis. So here's what I did: I took EUR/USD since the beginning (1971) and looked for a broker that offer that kind of historical information. Than I studied each cycle in terms of length and, attention, astrology (yes, I know, it sounds a little bit mystic but believe me it's not). From an astrology point of view I just wanted to see if the exact day the eur/usd turned has any meaning regarding full moon/new moon correlation. Surprisingly, it does. (see the first attachement for the chart) Next, I used Gann Square of Nine for dividing each cycle and to see what degree goes with each cycle. Extrapolating the results into the future, I came to a conclusion that you'll see by reading this article. Here's what I found: - almost all of the trend changes happened exactly (or almost exactly) during a full moon/new moon; - each period contains an odd number of “mini” periods (7, 1, 5, 5, 3); Now, based on the table below (see the Excel table attached), and also based on Gann's believe that history repeats itself, I invite you to use your imagination and complete the Excel table with your own opinion. For encouraging, here's my opinion: - taking into consideration there up until this last cycle there where 5 cycles (up, down, up, down, up), it is naturally to believe the next one will be down, and started with the maximum quotation in 2008; - the smallest cycle down was 1854 days – so we can take an educated guess and assume that this down cycle will go for at least 1854 days; - if we take a look at the Square of Nine, there is a particular thing that happened: the 1st trend down closed around 250-270 degrees, and the 2nd down trend closed around 180-210 degrees – now, keeping the proportions, it is only fair to assume that this down cycle we are currently in could have and end around 110-150 degrees (this corresponding in value for the Eur/Usd pair with 1.08-1.09); - moreover, keeping the same assumptions, we can assume it will end with an inverted head and shoulders; - it will definitely be around a full moon; - it will be formed by an odd number of “mini-cycles”. In conclusion, my call will be 1.08-1.09 for Eur/Usd, almost 1 year from now (2014), a trend that ends around a full moon, after an odd number of mini-cycles, and with an inverted head and shoulders. What's yours? Gann approach.xls

1. ok, they are Fibs, good to know......question: 31.8, 50, 61.8? and the last one? the big red one? 2. the 1x1 line is supposed to be the most important line in Gann's theory, as, depending on the time frame you are using it, it means that the rising angle (on any move to the upside on that time frame) should be the same......question: how long/far away in time the boxes stay, and what would be the invalidation area? ....I see this is the daily chart 3. the fourth arc acts like a magnet......it is something like the median line in Pitchfork? why like a magnet? can you elaborate some more on this please? thanks

rejected right were it was supposed to.......focus on the bull bear line (the brown one again)

the shape there in your last chart looks like a contracting triangle that acts as a reversal pattern and usually that means it is part of a complex correction and most of the times the previous highs in this case are going to be taken.......as it happened here quite nicely

here's the standing going into Friday's trading day.......all open positions are in the red.....crap

thing is with the last euraud short trade that the previous move to the upside that made that new high was channeling too well....so what I did I waited for a five waves swing to the downside, booked the profit on it, and then resold on the pullback.....quite classical, nothing fancy involved, it remains to be seen how effective it is