GANN THEORY Strategize UPDATE
Wanted to post a couple of pictures about editing and cleaning up the strategy and make it more SIMPLE to understand the thought process of behind it. I had to Remove a couple of indicators names CM_SLINGSHOT and DREADBLITZ DRSI from the indicator am replacing these indicators w/ a 100 (p) exponential moving average to filter weather we should go long or short. Adding the Bull vs Bear Power by DGT. setting i have on this indicator is 13 check SUM, histogram, 1 smoothing, 0 recall, drop-down box to LEAST. 'This indicator and the CM_ULTIMATE_RSI MULTI TIME FRAME by Chris Moody works very harmoniously together. The following pictures will explain why. Also the alert can be set on the 70 30 lines of the RSI.
this picture shows the BULL vs BEAR POWER telling us the trend so we know what direction we should DIRECT it outwards to 'Project.'
based on the Direction of the trend on the Daily we alerts on the 70 30 lines of the RSI. and the 2 GANN-Fib lines ' usually its the .618 and .75 lines. (yes i rename my ALERTS as 70 30 and GANN FIB ALERT) easy tooltip to reference you already know what your looking at when you set something to crossing. i want to be sure to look at the Right thing when i get to the chart. '' focus '' type strategy.
example of one of my favorite trades to take with GANN---- its a RISK off (means if it goes the other way you only loosing a small fraction of profit.) But if it goes well like the example it can give 28 risk reward ratio. The second trade that is using the MTF_RSI, support resistance MTF, and BULL vs Bear power in all in sync.
this is on a 5min chart sorry for the resolution... but explaining the harmonious sympathy that these indicators make.
this is y i rather use the 5min chart with the 15min chart___ look at the that Blue line on the BULL VS BEAR POWER on the 5 min. perfect exit for full profit. If you use the EXIT 'last chance' you would of only had a small gain.
To sum this up, I take 2 different types of trades RISK OFF trades with GANN FIBS ___ you will see the S/R lvl to support the move. Then trades off the MTF_RSI after a pullback with conjunction of the BULL VS BEAR. My requirements are longs over 100 ema and shorts under 100 ema and the bull vs bear power has to say STRONG TREND __ADX RISING___ if it says ADX_FALLING then be warned.
Thanks for taking the time to read this i really appreciate any feedback.
To sum this up, I take 2 different types of trades RISK OFF trades with GANN FIBS ___ you will see the S/R lvl to support the move. Then trades off the MTF_RSI after a pullback with conjunction of the BULL VS BEAR. My requirements are longs over 100 ema and shorts under 100 ema and the bull vs bear power has to say STRONG TREND __ADX RISING___ if it says ADX_FALLING then be warned.
Thanks for taking the time to read this i really appreciate any feedback.
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