I just have daily charts in that software right now so it takes time between the best signals. But i will post them.
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Gann course
- Thread starter Dharmakaya
- Start date
I just have daily charts in that software right now so it takes time between the best signals. But i will post them.
Quote from ammo:
the cycle dates work well,although not 100%,but the big moves coincide,rcg,dhar,what is the nearest cycle date
My mentor was a HUGE Gann fanatic and cycle nut. He studied cycles for over 25 years before he took me under his wing. He was constantly trying to find a unified number or average where he could find the averages number of bars in a cycle.
What I first confirmed and then discovered was that every chart is made up of cycles but that there is NEVER a consistent or repetitive number of bars in any cycle. It didn't make a difference whether the bars are created using Time, Ticks, Volume, Range or an other variable way of building a bar there was NEVER a consistent or repetitive number of bars in any cycle or cycle group (regardless of group size).
What was perfectly consistent was the fact that every chart cycled . . . over and over and over without end. I discovered that if this were the case then I needed to find a way to confirm when each cycle top and each cycle bottom had completed. If I could confirm ALL cycle tops and bottoms then I could ALWAYS determine immediate price direction. I later found a way, using the same confirmation process, to determine directional strength as well. With these two tools, I've been able to build a highly consistent way of reading any chart and extracting profit from it.
These same tools, when laid side by side with Gann charting proved the inconsistencies that Gann saw loosely as consistencies in his arcane environments.
Technological advances gives each of us the ability to use that new information to further our abilities to improve on our probabilities of success in trading. Ignoring those advances would be the same as ignoring advances in medical procedures when do so would potentially be life threatening.
Quote from Dharmakaya:
I just have daily charts in that software right now so it takes time between the best signals. But i will post them.
If all you have are daily charts then your ability to read these environments are at a great disadvantage.
It is like trying to cure a disease without a microscope to verify what is causing the problem.
Quote from ProfLogic:
If all you have are daily charts then your ability to read these environments are at a great disadvantage.
It is like trying to cure a disease without a microscope to verify what is causing the problem.
Have intraday but it´s through a soft where i trade cfd´s. So no volume there.
Have you any journal btw?
so gann would use 90 and 180.360 day cycles,you replaced days with bars?Quote from ProfLogic:
My mentor was a HUGE Gann fanatic and cycle nut. He studied cycles for over 25 years before he took me under his wing. He was constantly trying to find a unified number or average where he could find the averages number of bars in a cycle.
What I first confirmed and then discovered was that every chart is made up of cycles but that there is NEVER a consistent or repetitive number of bars in any cycle. It didn't make a difference whether the bars are created using Time, Ticks, Volume, Range or an other variable way of building a bar there was NEVER a consistent or repetitive number of bars in any cycle or cycle group (regardless of group size).
What was perfectly consistent was the fact that every chart cycled . . . over and over and over without end. I discovered that if this were the case then I needed to find a way to confirm when each cycle top and each cycle bottom had completed. If I could confirm ALL cycle tops and bottoms then I could ALWAYS determine immediate price direction. I later found a way, using the same confirmation process, to determine directional strength as well. With these two tools, I've been able to build a highly consistent way of reading any chart and extracting profit from it.
These same tools, when laid side by side with Gann charting proved the inconsistencies that Gann saw loosely as consistencies in his arcane environments.
Technological advances gives each of us the ability to use that new information to further our abilities to improve on our probabilities of success in trading. Ignoring those advances would be the same as ignoring advances in medical procedures when do so would potentially be life threatening.
Quote from ammo:
so gann would use 90 and 180.360 day cycles,you replaced days with bars?
No I replaced fixed time cycles with cycles made up of equally weighted volume bars and then allowed the cycles to create their natural tops and bottoms.
All I did way to find a way to confirm when those cycle tops and cycle bottoms had completed.
Another way to look at it is: instead of you "TELLING" the cycle when it was complete based on time, I allowed it to "free range" and then "TELL ME" when it was complete.
Quote from ammo:
the cycle dates work well,although not 100%,but the big moves coincide,rcg,dhar,what is the nearest cycle date
depends on what you are trading. But even if you use cycles dates, these are points to LOOK for a turn, so don't be going against the trend because the calendar says so.
Quote from Gubinec:
Are you saying you can really forecast every major trend change using Gann methods???
Why aren't you a billionaire living on your own private island yet?
I can bet a simple trend-line break entry system will do better than any Gann technique.
I said nothing about forecasting anything. I said you will know a turn when you see it. And you will.
About that yacht. I realized that the life I live is so rich and fulfilling that if I have to give it up get rich, I would stay poor. I have made that choice over and over again.