Easymoney
GANN Theory Finally Completed StrategyI took a couple of months off to read a book i found on Amazon on Andrew Gann the inventor of GANN theory. After finishing his article i theorized that it could be transformed in these modern times. This will a Membership to perform, Alerts mean allot to people that want to automate the thought process behind this. Please note that i am not a paid person posting this, i been trading for 16 years ever since i graduated from High School, I went to college to understand Pattern Recognition. Believe it or not there is a pattern to every aspect of our Lives.
I have the MTF Support and Resistance from Annan Set to Daily .
Poor Mans Volume Profile ___ this is critical for plotting the GANN BOX onto the Charts with little to no thought process.
To plot the GANN BOX (not the GANN fix Box or the GANN angles) You are taking the Gann Box Placing it on the Poor Mans Volume Profile DAILY chart. For an Uptrend you go UP 2 and right 2 , you'll understand when you plot it. For Down Trend down 2 right 2 . Sideways (rangebound) oddly special one. Up 1 Right 2 Down 1 Right 2 . When your plotting on the charts LOCK the Gann on the chart. I use Daily Right 2 because i set it at the beginning of the MONTH and its good for until the NEXT month. you set alerts on the GANN FIB LINES. (ENTRYS) BASED... If you are having issues with plotting this LET ME KNOW... its gets very automated when you plotting it. The Poor Mans Volume Profile takes the calculations out of the picture.
Posting a picture of the Points your going up or down 2.
How you Plot it on the Poor Mans Volume Profile. last step is to LOCK it on the Daily CHART.
Alerts need to the be set on the 2 of the Gann Lines. ( set to Crossing ) Subscription premium allow you to set an unexpired alert. If you want to Swing with this strategy. You have to do something different by Anchoring on the Weekly and trading on the 30 min or 1hr you can swing with this. But as yourself are you going to swing or are you going to Day-trade this.
Stop loss is a very touchie subject that everyone should think about doing... Personally i use 4 different methods Count 5 bars back, last Swing point, or Halfway between the two fibs of entry. if i am feeling lucky just on the other side of the Fib Entry point. * the Lucky part of this one is if it goes bad you have a very LOW LOW risk of loosing allot of hard earned capital. Generally I will use the 5 bars back method.
CM- Slingshot set to Conservative.
Next 2 will be the Exits on the Trades and Indicators to take the Trade.
DYNAMIC RSI - DRSI for short just tweak the color on this one, from DreadBlitz. ____
MTF RSI from Chris Moody 14 70 30 D D 30 ___ set a color where you can see the MidPoint.
NOTE: When Entering you are looking at the Chart___ when it crosses the GANN FIB line. after the Bar completes, look at the DRSI and MTF RSI midpoint cross. (after the Cross has Happen and you can Confirm it on both u can now Enter the Trade.)
The exit point is when the DRSI goes Solid Filled color, secondly this effect will be happening on the MTF RSI.
I take all of my trades on the 15min timeframe with an Anchor on the Daily Chart. Anchor meaning MTF MTF MTF MTF all of them are set to the daily. I want to make thoughtful readings based on the Daily Overall proceedings of the market direction.
Mastering Elliott Wave AnalysisHi, traders!
Today we gonna speak about Elliott wave principles. The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott (1871–1948), a professional accountant, discovered the underlying social principles and developed the analytical tools in the 1930s. He proposed that market prices unfold in specific patterns, which practitioners today call Elliott waves , or simply waves. Elliott published his theory of market behavior in the book The Wave Principle in 1938, summarized it in a series of articles in Financial World magazine in 1939, and covered it most comprehensively in his final major work, Nature's Laws: The Secret of the Universe in 1946. Elliott stated that "because man is subject to rhythmical procedure, calculations having to do with his activities can be projected far into the future with a justification and certainty heretofore unattainable." The empirical validity of the Elliott wave principle remains the subject of debate.
BEAM Indicator From ScratchHi, traders!
BTC today makes many people nervous, especially freshmen. That's why we decided to tell you about one of the easiest to use indicators - BEAM.
BEAM helps identifying times when buying and selling Bitcoin are the most probable to be profitable. It’s extremely easy to interpret and understand its signals. In general, BEAM divides the price of Bitcoin at any given moment to a moving average of past prices. This makes price trends more clearly visible.
The BEAM parameters are easy to tune. You can adjust the cycle length, the asset divisor as well as buy and sell thresholds.
There are three types of zones. A green buy zone indicates that it would be wise to buy. A red sell zone makes clear that selling might be a good idea. A gray hold zone signals that it is advisable to keep on holding even if the price already seems rather high.
BEAM works with other crypto currencies that are at least 3-4 years old, because they are highly correlated with Bitcoin itself and follow Bitcoin’s cycle.
The BEAM indicator is not meant to be used to make buy or sell decisions on its own. It should be used as one tool among many in a big arsenal of indicators and other types of signals. BEAM has no absolute predicting power. There is no 100% guarantee that it will still work in future. Indicators and models can only be constructed retroactive. As the future is not fixed, they always fail to work after some time.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
XAUUSD GOLD SUPPLY AND DEMAND ZONESXAUUSD GOLD SUPPLY AND DEMAND ZONES. Identifying high volume levels is very important. The reason behind this is because in high volume levels there are unfilled orders from the banks which are pending to be activated once price returns to that area. My trading is based off 4h with high level zones.
GBP/USDHere I have a not so perfect double bottom formed, double bottom basically mean that there is a bullish move coming and you should pay attention to it.so I mapped out the pip distance from the bottom of the pattern to the neckline and that was my judgement on where my entry and exit would be.
GBP/USDHere you can see that I drew a rising wedge to track down the bearish move, I marked up how many pips was the last range and estimated how many pips I wanted from that trade. the market at this time was moving incredibly slow and missed the full range by 8 pips but that is ok because I wouldn't want to be that greedy and secure the full 192 pips that was predicted.