Excerpt of Mr. W.D. Gann methods
Hey
Probably many of you already know that most important part of analysis by W.D. Gann methods is scaling. In other words how many pips are in one unit of time. This parameter is used in Gann fan (set of angles) and Gann Boxes (chart overlays).
The correct way to find out the scale factor is to calculate it from price swings.
Here us the rule: Each swing or impulse follows one of the angles. No exceptions!
I am posting here the monthly chart of GBP/USD with the scale I've calculated. My intention is to show how working angles and boxes look like, so you can verify you have found the scaling factor correctly.
Pay attention that intersection of angles gives points when we can expect reactions.
Probably many of you already know that most important part of analysis by W.D. Gann methods is scaling. In other words how many pips are in one unit of time. This parameter is used in Gann fan (set of angles) and Gann Boxes (chart overlays).
The correct way to find out the scale factor is to calculate it from price swings.
Here us the rule: Each swing or impulse follows one of the angles. No exceptions!
I am posting here the monthly chart of GBP/USD with the scale I've calculated. My intention is to show how working angles and boxes look like, so you can verify you have found the scaling factor correctly.
Pay attention that intersection of angles gives points when we can expect reactions.