W.D. Gann Line Trading >>Gann Time Cycles
Gann Time Cycles - what is the essential methods, application procedures and real trading adjustments you should know when looking for trade setups. Don't overlook any small point in here, because all of them are from my years of trade experience. >> Square of 52 In order to understand charts in this site, make sure you understand which lines are representing which division, one square of 52 is the white line, 1/2 square is dotted line, 1/3 and 2/3 are yellow lines. Why 3 to 4 days is important? There are lots of things we can learn from this chart. First of all is the pattern "triple top" which has a high probability of a change in trend. I watch and trade this pattern all the time. In here, I would position in the 3rd day counter trend which also give a small lower double top pattern. Take note of the trend up with mainly 4 day counter trend and when it hit 6 and 11 day counter trend and a double top, we can assume the trend is slowing down or approaching an end. Be careful here, many times a double top turns out to be a trap. (I never traded a double top). The trend down is moving in a faster momentum with less days in counter trend. The 7 - 14 days is also another count to watch for trend change. In here you can find 6 days, 11 days and 8 days. Why 7 days and 3 weeks are important? >> Square of 52
From W.D. Gann, " This Master Calculator shows weekly time periods of 7 days each or a total of 52 weeks in one year....The square of 52, which is composed of 7 day periods, is one of the most important for measuring price and time. The number 7 is referred to in the Bible more times than any other number, except the number 3. Both of these numbers are very important to use in connection with price and time changes" >> Square of 90 How I use GannTrader software to spot Gann time cycles setup?
Because the next 2 days is Saturday and Sunday, so I tried to start the square from these two days and find some vibration on 30, 45, and 67.5 (2/3) days. We can reasonably assume a 90 days high if the price is approaching the 90 days from low. And it has a 2 square of 90 = 180 days from a significant low, so I am looking for a position in those few days around the 90 square vibration >> Square of 144 I have apply the square of 144 to the All Ordinary index (XAO), starting from a few places. You also have to try 1 or 2 days around the high or low to look for vibrations, below is the one that I find some vibrations both in time and in price. When 18, 36, 54 and 72 show vibrations, I can reasonably looking for some sort of change in trend in the 144 days. The 144 vibration is a bit tricky, it could be a 3 days late low or a one day early high. In the second square, 216 days gave a good vibration low and support by the 4th square of price. we also see some resistance in the 1/8 and 1/2 level of price. All charts in this site are random drawing so as to show you the real life situation while using W.D. Gann trading methods.
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