Gann Wheel

Quote from akpanicker:

The way I see it ( ganns wheel) is as an old world method of squareroot extraction...I think the same results can now be computed by say you start with a major bottom,
calculate the sqaure root,
add 1
and sqaure the sum to get 1st resistance...
again
add 2 to the square root
and square the sum to get 2nd resistance
and so on...
same with a major top..only difference you subtract 1,2 etc from the square root and square the balance to get next levels of support...and again you may try with 0.25,0.5 etc instead of 1 depending on the time scale you are working with....it is all a little bit iffy....but generally on a weekly chart if you do this exercise and plot the lines you can see it denoting areas of conjestion....so it may not give you the exact turning points but the general area where you can expect a turn or pause.
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Add (subtract) one for 180 degrees.
Add (subtract) 1/2 for 90 degrees.
Add (subtract) 1/4 for 45 degrees.
Add (subtract) 1/8 for 22.50 degrees......etc.
 
Quote from theplumber:

akpanicker, where did you get that calculation from or did you come up with this youself?
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Its in your book.......starting on page 31.

Remember......shhhhhhhhhhhhhh.
 
Just looking to see if there was an original thought to be had around here or just rehash of others ideas.I don't know how much Gann put into his astrological work into trading but back in the 70's ,NASA has mounds and mounds of data on a case study they did to find patterns in the relationship between planet movement and sun cycles (as well as moon) and various commodity prices.This was around the time Nixon took us off the gold standard and the powers that be were very jittery about the financial system as a whole but our commodities were USA staples to the world . The problem is no one admits their there, but the files with the titles fill up a 15' by 15' room.
 
no sir , it is not an original idea on my part...it is just one of the methods that I picked up from various sources in my studies on constructing support and resistance zones....the original idea undoubtedly is of W D Gann...this being another one of those interpretations...( like say,whichever way you put it, the idea that the square root of the sum of the squares of the sides gives the hypotenuse....belongs to pythagorus)....the others being the pivot and fibonacci bands using the previous bar values...
 
Good luck with all the resistance...

You're missing the whole point with Sq. of Nine. It's more for a Cyclical Calculator. But because of the time and price relationship, it works in price.

Time is the most important.

Oh... wait... ukya!!!!
 
Quote from WDGann:

Good luck with all the resistance...

You're missing the whole point with Sq. of Nine. It's more for a Cyclical Calculator. But because of the time and price relationship, it works in price.

Time is the most important.

Oh... wait... ukya!!!!
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Can you do intraday cycle timing with Gann wheel ?
Walter
 
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