Why is 29th of May Important ?
To calculate the Gann date - i started from the recent bottom which is on 24th March 2020.
On the 3rd day itself , it gave a big upmove upto 76
From the Gann square of nine chart ( Google it) - you will find the following gann numbers being important (Diagonal)
3,7,13,21,31,43
Now calculate these numbers from the Preceding bottom which is on 24th March 2020 - You will most likely see a Magic.
What should be understood about this mystery is it does not materialize every day. However, when it does, it usually leads to a powerful trend,
As hard as this analytical sleuthing appears, the rewards are worth the effort. All the trader needs is to find one key calculation on an important chart and leverage it out to the overall market
Gann and several generations of traders have used time and price analysis combined with square roots successfully. Some consider Gann to be the Holy Grail of trading. It’s not. What must be understood is that until there is a pivot — price action — there is nothing.
You can spend a lot of time figuring out where a market is going to turn based on certain symmetries. It’s best to have a rough idea without spending too much time looking for a move that is not there.
Before attempting trade entry, you need an edge that gives you confidence that you are on the right side of the market. Once that is established, you can use your own rules and discipline to find good entries. Gann will help and square roots certainly are an important piece of the puzzle.
As you perform your due diligence, you might find something else, such as a specific date matching up with the range. Opportunities are out there. There might be something vitally important sitting just below the surface of your price charts. Gann time and price analysis and square roots can get you there.
To calculate the Gann date - i started from the recent bottom which is on 24th March 2020.
On the 3rd day itself , it gave a big upmove upto 76
From the Gann square of nine chart ( Google it) - you will find the following gann numbers being important (Diagonal)
3,7,13,21,31,43
Now calculate these numbers from the Preceding bottom which is on 24th March 2020 - You will most likely see a Magic.
What should be understood about this mystery is it does not materialize every day. However, when it does, it usually leads to a powerful trend,
As hard as this analytical sleuthing appears, the rewards are worth the effort. All the trader needs is to find one key calculation on an important chart and leverage it out to the overall market
Gann and several generations of traders have used time and price analysis combined with square roots successfully. Some consider Gann to be the Holy Grail of trading. It’s not. What must be understood is that until there is a pivot — price action — there is nothing.
You can spend a lot of time figuring out where a market is going to turn based on certain symmetries. It’s best to have a rough idea without spending too much time looking for a move that is not there.
Before attempting trade entry, you need an edge that gives you confidence that you are on the right side of the market. Once that is established, you can use your own rules and discipline to find good entries. Gann will help and square roots certainly are an important piece of the puzzle.
As you perform your due diligence, you might find something else, such as a specific date matching up with the range. Opportunities are out there. There might be something vitally important sitting just below the surface of your price charts. Gann time and price analysis and square roots can get you there.