1 last post - couldn't help myself!!!
Simple 1 x 1 Gann Angles projected from the high/low price points - I'll admit that this is ultra advanced trading stuff here, the message here is two-fold
The markets regardless of what you think or have been told are NOT random, they HAVE no choice but to work out a pre-set course according to their growth or decay
Gann Angles are far far better at identifying support/resistance levels - BECAUSE the market or specifically price action is NOT 2D, we can clearly see price conforms to a grid system movement - that ain't 2Dimensional!
You could blindly trade those gann angles if you have the right level of expertise and knowledge of them - look at the blue circles - price rallied then fell back to them and bounced pretty accurately, they won't all work and the highest swing high is under threat at which you can't project further levels from
Again here's the secret of success - you could of skewed the R value into your favour by having a 20/25pt stop underneath, trailed a stop and made fantastic R value returns
Gann said over 100 years ago "Markets are financial points of force and that EVERY low/high is connected to another low/high point of force in the FUTURE, as well as in the past" As you can clearly SEE - he was absolutely right - very few people look at the markets right, when you do you see things completely differently to most other traders/investors
There's some real science behind markets moves - I might do a post in future months as understanding what is actually going on helps you see through the fog and makes things a bit clearer
I'll admit I've studied Gann for years and it is not easy, it is very hard to grasp - he hides hidden messages in his course that can throw you off for months and when you to apply his methods some just do not work
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