Gann??

In the simplest of terms, how or why does squaring price and time lead one to a high probability trade entry or price target?

Are ganns basically the same as fibs in terms of their mystical efficacy?
 
Quote from vanilla2:

In the simplest of terms, how or why does squaring price and time lead one to a high probability trade entry or price target?

Are ganns basically the same as fibs in terms of their mystical efficacy?


please see surf report for examples of the effectiveness of " gann inspired" levels.

yes, i do agree, most of gann is not useable.

best,

surfer:)
 
Quote from marketsurfer:



yes, i do agree, most of gann is not useable.

best,

surfer:)

Ummm... no offense... but you can't use them, not "not usable" in general terms :D
 
I recently began to study Gann, and I have a question about retracement zones. Please correct me if I'm wrong, but to determine the retracement zone, I must draw lines on angles of 45 degrees and 62.5 degrees from P2, and a 45 degree line from P3. The points where these lines intersect should determine the retracement zone high and low. My question is, how do I know that I'm drawing a line on a proper 45 degree or 62.5 degree angle? Obviously, using a protractor might help, but only if you're certain that one measure of price equals one measure of time. Has anyone else encountered this problem?
 
Quote from strat3x:

I recently began to study Gann, and I have a question about retracement zones. Please correct me if I'm wrong, but to determine the retracement zone, I must draw lines on angles of 45 degrees and 62.5 degrees from P2, and a 45 degree line from P3. The points where these lines intersect should determine the retracement zone high and low. My question is, how do I know that I'm drawing a line on a proper 45 degree or 62.5 degree angle? Obviously, using a protractor might help, but only if you're certain that one measure of price equals one measure of time. Has anyone else encountered this problem?

Need to use a squared chart...
 
Or you can use software that uses the proper calculation http://www.gannalyst.com/main.asp

Made a few examples here
http://forum.esignal.com/showthread.php?s=&threadid=4757

http://forum.esignal.com/showthread.php?s=&threadid=4328
or just do a search for my username on the Esignal board or here


Quote from strat3x:

I recently began to study Gann, and I have a question about retracement zones. Please correct me if I'm wrong, but to determine the retracement zone, I must draw lines on angles of 45 degrees and 62.5 degrees from P2, and a 45 degree line from P3. The points where these lines intersect should determine the retracement zone high and low. My question is, how do I know that I'm drawing a line on a proper 45 degree or 62.5 degree angle? Obviously, using a protractor might help, but only if you're certain that one measure of price equals one measure of time. Has anyone else encountered this problem?
 
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