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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Saturday, 19 March 2011

Constructing Gann angles

Finding the right scale can be difficult,then there is the question whether to use trading days or calendar time.One method is to box in a major range,draw in the diagonals and then use parallels .That way you are using the natural rhythm of the market as defined by the last major range.The 2 soybean charts below illlustrate the process





 

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