How to find supports using gann fanAs i have shown that how to use supports by using gan fan you all can find supports for other stocks and index as well, this tool is available free in tradingview.
Gannlevels
Update BTC April 2023Please watch my previous video on Mars influence to understand why a long term correction is likely. We could see a final push up to 31500 area before price turns bearish over the next several months.
In this video multiple Gann and confluences were used such as 90 degree subtraction angles, time-squared pivots and 50% levels.
HOW TO : Use Gann Fan Correctly This is just one simple way of scaling the fractal dynamic and relation to price with time that works beautifully. And by beautifully, we mean that it has made us a lot of money.
However, making money has barely anything to do with TA, and everything to do with personal discipline and psychology.
There is no reason to have a binary mind of right vs wrong when it comes to simple scales and math that actually work.
Markets are never wrong, but opinions often are.
Trading isn’t about whether you’re right or wrong.
Instead, it’s about how much you make when you’re right, and how much you lose when you’re wrong.
Nifty Analysis in the Shadow of Covid SituationsNifty Analysis in the Shadow of Covid Situations in India and China and world over. How Nifty has been behaving with fears of new wave of Covid situations in India.
👻 $DXY $BTC Divergence [What's up with $EURX and $CRO?]Usually when $DXY tanks, $BTC and other investment assets rise, but today is again diverging from the norm (2 or 3 time in the past days). What explains it? Perhaps the fact that $EUR is 🔺 up? A rebalancing of the currency books, perhaps? Or we're setting up for a fake out in during US open. Where are my currency experts at?
The market seems to expect more dovish announcements during the upcoming Jacksonhole FED event; my take based on Chair Powell's speech in June is that we could indeed expect rather a 100bp hike (very hawkish) or at least 75bp, again like last time. The doves are hoping for a 50bp hike. If we get 50bp, does it feel like the market will be ready for a rally?
I stopped out of the majority of my $cro short around .13. Looking to add more back in some more if we dump through the .1285 - .13 range and retrace back to these levels.
I expect 20750 to be an important stopping point for BTC and opportunity for quick long scalp for a few points if the dumpiness continues during the EU trading session, as I would expect the US brinks to put a little long pressure on before it shows it's true intention for the day to either continue the $dxy dump and move into longing other asset prices, or to reverse and really dump the markets at market open.
Summary, SHORT.
My analysis still isn't solid and clear; but i'm hoping you're following along and interested anyway. Comments, suggestions, questions welcome! GL out there!
Trend-Based Fibonacci Extension TutorialUsing a simple 50% Gann level can work wonders for your trading game and provide that extra bit of confidence needed to not exit trades too early or trail your stop-loss too tightly for fear of price reversing too soon.
Simply pull if from most recent consecutive pivot markers high/low/high or visa versa.
Squaring Price With Time + Gann ToolsSorry about the music in the background.
Made this for For @ali_1673 how to square the chart before using Gann tools.
Squaring Price With TimeThis is simply my method thats works best for my trading style. This method works on any time frame and yeilds 90+ % swing pivot trading accuracy.
Observe the right edge of the box as it indicates the future pivot dates.
There is no need for me to use any other method but please keep in mind there are other methods available to discover if this doesnt suit you.
Always use this as a confluence and not alone as a single trading stradegy.
Gann Percentage Movements IntroductionW. D. Gann described many types of numbers that he calculated on a daily basis. He worked mainly with percentages based on the dollar and the number of months and weeks of the year in accordance with Astrology.
Some of his more popular numbers were:
6.25%
12.50%
18.75%
25%
33%
37.5%
50%
62.5%
....and so on.
He also wrote about the rule of 8, 9, 10 and even numbers. For this simple example we are using 6.25% and Bitcoin as the asset.
''One of the greatest discoveries I ever made was how to figure the percentage of high and low prices on the averages and individual stocks. The percentages of extreme high and low levels indicate future resistance levels.''
W.D. Gann 1949.
GANN AMAZING SECRET METHODThis is based on the 90 degree fixed mathematical law or universal rule.
Method: Use the trend angle tool and mark a low/high trend line. Next, take note of the angle. Then, subtract 90 from the angle to arrive at the second angle degree number that you will then draw to arrive at 90 degrees in the prediction of future trends.
His master class text is posted below.
How to earn 24~33 ticks from FCPO each day using Gann level?1. Using Gann square of 9 to determine potential support and resistance level.
2. Between each Gann level has a range of 33 ticks for FCPO.
3. Combination of Gann level and support resistance to entry.
4. Knowing the market condition is a must. (either sideways or trending market)
