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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


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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

Wednesday, 23 May 2012

Spx Gann 180 cycle


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5 comments:

  1. Dolemite23 May 2012 at 12:22

    Hi
    Long time viewer, first time commenter here.

    Question on your Gann lines:
    There is a lot of confusion out there on how to properly construct a Gann 1x1, 2x1, etc line on the internet. For a 1x1, I have read everything from 1 tick/bar, 1 cent per degree of saturn, 1 cent per calendar day (pretty much any combo of ways to define price and time).

    If you wouldn't mind, how do you define YOUR Gann lines, as you seem to have a better handle on his material than most.

    Thanks in advance

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  2. Chartrambler23 May 2012 at 14:50

    The software I use plots so many points per day and offers 1x1,2x1,3x1 etc and 1x2,3x2 etc.You can plot either calendar days or trading days.the former will hace gaps on the charts for hols and w/e's.I understand Gann used both,most use trading days.As to scale, a 1 pt per day is not always appropriate due to hgh priced indexes compared to ganns day so eg for Ftse and Dow I use 10 points per day as my 1x1.
    Check out James Hyeczyk or Bill McLaren's books for more info http://ebookbrowse.com/james-hyerczyk-gann-theory-overview-pdf-d190066489 (I havent tried this link but I have his book)

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  3. Chartrambler23 May 2012 at 14:52

    I sometimes "box off" a major range and then construct mathematical angles based on that square.This is a good way to find the "natural" geometric angles that govern that particular stock

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  4. Dolemite23 May 2012 at 15:22

    Thanks a lot
    I will check those out for sure
    What software do you use?

    ReplyDelete
  5. Chartrambler23 May 2012 at 16:46

    YW Hubb Investor ,its free download. I used to use Ultimate Gann (from the same company) but this is free and I wanted to save money ! Ultimate Gann does a lot more though.It has been superseded by ProfitSource

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