yonswac

GBPUSD 1H GANN SQUARE OF 144

FX:GBPUSD   British Pound/U.S. Dollar
73 13 1
a year ago
ENJOY
a year ago
Comment: 26 NOV SHORT TILL 5060
a year ago
Comment: target reached

Related Ideas

isomorph
a year ago
pretty pictures a trade does not make!
Reply
isomorph
a year ago
did you build the square by hand? how many hours did it take you? ;)
Reply
yonswac isomorph
a year ago
i just started learning Gann techniques, this square took me about 5 minutes .

the drawing is not the problem, but how to trade it.
Reply
isomorph yonswac
a year ago
oh ok. i thought it would take longer. yes, to trade it, as with any other tool, is always the main issue. 1 reason i dislike this particular approach, and not to be arrogant or anything, is that there is no solid mathematical underpinning for why we should all these lines in the square at those particular angles. so, probabilistically speaking, there are enough lines for price to get stuck at some of them, and people will say: 'look! here's support/resistance', and when price just slices through 1 of these lines, people will say: 'support/resistance didn't hold' when perhaps in fact there never was any support/resistance there.

the point i am making: if the major players don't use Gann's square, and millions more retail traders don't, you will need to add another filter to your chart to decide the actual quality of a Gann line and whether or not it actually defines a valid level you can trade against, because more likely than not, when price will stop at 1 of the lines, it is going to be due to coincidence more than anything else. just like when price stops at the 50% fib retrace and reverse, and the next time on the same instrument, it stops at 61.8% and retraces! so which fib to choose to trade against? what if PA (price action) seems to show it will reverse at 50% but then turns and crosses 50% because it was a fake move? and then people get stopped out when their SL put above the 61.8% gets hit and price reverses, and so on. it also depends on the TF etc... but in general, i don't use fibs anymore. nor MAs.

so i always say: as traders we need to find a universal invariant.

anyway, good luck.
Reply
yonswac isomorph
a year ago
Gann techniques are a pure mathematical thing actually, this angels and squares are being respected over and over, even i don't know why.

right now, i'm trying to only focus on clear breakouts, maybe i can merge squares with other techniques i know in the future.

thank you.
Reply
isomorph yonswac
a year ago
really? ok please give me a link i can peruse to find out more about Gann techniques being mathematical.
Reply
yonswac isomorph
a year ago
Well i think squares are maths
Reply
Burgernomik yonswac
a year ago
can u advice anyplace to learn gann
Reply
yonswac Burgernomik
a year ago
unfortunately there no much info on the web, most are being educated via personal trainings only
Reply
isomorph yonswac
a year ago
so are you saying that someone else taught you this but there is nothing you know of online?
Reply
yonswac isomorph
a year ago
Yes just the basics of the basics, and it's in a different language :)
Reply
isomorph yonswac
a year ago
ok then perhaps can you summarise for us why you do believe the gann square approach is mathematical? how does it model the dynamic nature of price action over time?
Reply
yonswac isomorph
a year ago
i'm 100% not eligible, as i said i just started, so i think it's a bad idea to give a summary from 0.1% info that i have :)
But anyway this an example, look what happened today in EURCAD, here you can see the magic of some Gann numbers (72. 90.....)

snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out