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AUDUSD – LONGThe bullish momentum confirmed with ChoCH on D1. Liquidity was grabbed at the IDM level. Opportunity to buy on a false breakout of the Gann line. The target is the next Supply Zone. AUDUSD – LONG ENTRY PRICE - 0.66720 SL - 0.65900 TP - 0.69820 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Long
by Profit_Trader
What Is a Gann Fan Indicator?Alongside other titans of the industry, like Dow, Wyckoff, and Elliott, Gann is considered one of the most influential figures in trading. After he developed the Gann indicators, traders picked up his teachings worldwide. In this FXOpen article, we’ll dive into two of the most popular Gann indicators, Gann angles and Gann fans, and look at how they work, investigate their uses, and explore their limitations. Introduction to W.D. Gann William Delbert Gann, known as W.D. Gann, was a legendary trader and market technician born in 1878. He began his career on Wall Street in the early 1900s and quickly began developing a technique for predicting market movements. Gann's theory was rooted in his belief that the market followed specific geometric patterns and that time and price had a special relationship. Throughout his career, Gann developed various innovative tools for technical analysis, including Gann angles and Gann fans. These tools, known as Gann indicators, still have a valuable use in the markets today. Gann Angles Gann angles, as the name suggests, use a sloping line to help traders predict future price movements. These angles represent the rate of change between time and price. The primary 45-degree Gann angle is the 1x1 line, where the market moves one unit of price for every unit of time. Similarly, angles like the 2x1 line, where the price moves two units for every single time unit, will result in a line flatter than 45 degrees. A 1x2 line will see the price moving one unit for every two units of time. Other angles are 1x8, 1x4, 1x3, and 1x2, while the angles less than 45 degrees are 2x1, 3x1, 4x1, and 8x1. These Gann angles are primarily used to predict future support and resistance levels, plotted by the Gann fan indicator. When the price moves in the direction of the 1x1 angle, Gann believed that this indicates a strong trend with balanced supply and demand forces. Sustained moves above the 1x1 line show a bullish trend, while moves below are considered bearish. The Gann Fan Indicator Gann fans offer an easy way for traders to plot these angles. The fans consist of nine diagonal lines that use the price-time relationships described earlier, as seen in the diagram. This offers a broad perspective on where the price may end up and helps to forecast potential support and resistance levels. To construct a Gann fan, traders start by identifying a significant swing high or low point in the market. From this point, they draw a 45-degree, or 1x1 line, to represent the most critical angle. The Gann fan is then plotted along the angle, creating nine lines. As prices approach or move away from these lines, we can begin to predict market reversals and trend continuations. How to Use the Gann Fan Let’s take a look at how to use Gann indicators, specifically the Gann fan. Traders generally develop a Gann fan strategy using three primary methods: identifying support/resistance levels, timing entry and exit points, and gauging a trend's strength. Support/Resistance Levels Gann angles within the Gann fan often behave similarly to trendlines, revealing areas where the price may stall or reverse direction. These angles help traders identify crucial support and resistance levels, which may inform their decisions on future price movements. Looking at the example above, we can see that the 2x1 line offered significant resistance, even as the trend progressed bullishly. Meanwhile, the 3x1 line provided strong support, allowing us to anticipate that these two angles would hold whenever the price visited them. Timing Entry and Exit Points Consequently, Gann fans can help traders time their entry and exit points. As the price approaches a Gann angle, traders may anticipate that the market may reverse in this area. They could then look for confirmation with other technical analysis tools, like candlestick patterns or momentum indicators, before entering to catch the reversal or closing their existing position. As with each of the Gann charts shown in this article, these angles aren’t guaranteed to hold. This might help traders identify opportunities where prices will likely continue trending. The choppy area marked by the box in the diagram above could have shown us that the price wasn’t ready to reverse up, given that it closed below the 3x1 line several times. Gann theorised that once the price had broken through one angle, it would likely head to the next. As a result, we could have predicted that momentum was likely to continue to the 4x1 line and enter a position to catch the move. Alternatively, if traders had entered a trade on the reversal at the 2x1 line, denoted by the dashed line, they could take partial profits at both the 3x1 and 4x1 lines. Gauging a Trend’s Strength As mentioned earlier, the 45-degree 1x1 line can also show us the strength of a trend. In the chart above, we can see that significant bearishness entered the market on the left-hand side. This was confirmed by the fact that the price was sitting beneath the 1x1 line, indicating that the strong bearishness was likely to continue. Using this knowledge, traders could have predicted that the sharp move downward would carry on. As the price began to cross over the 1x1 line, the trend’s strength weakened. Traders could then start to anticipate that the price might begin to range or recover slightly, as it did in the chart. In this sense, traders don’t even necessarily need to use the Gann fan. By drawing a 45-degree angle from a key swing point, they can use the line as a Gann trend indicator and expect that price will follow the trend's direction as long as it remains above (if bullish) or below (if bearish) the 1x1 line. Limitations of Gann Indicators While Gann angles and fans may provide valuable insights into the market’s behaviour, there are some limitations that traders need to be aware of. The biggest issue is subjectivity. Different traders identify different swing points; some may prefer the last swing point, while others use the most extreme. This might lead to differing results and interpretations. There’s also the issue of subjective scaling. While a 45-degree angle seems simple enough to apply, the angle depends on the zoom and price-to-bar ratio of a trader’s chart. As a trader zooms in and out, the line will stay at the same angle, but its position on the chart will change. This can be mitigated by locking the price-to-bar ratio of the chart, but this a) makes zooming in and out of price action cumbersome and b) still doesn’t offer a “true” 45-degree angle that can be universally agreed upon. To see this for yourself, try using the Trend Angle tool under Trend Line Tools in TickTrader. Then, apply it to a swing point, and zoom in and out. You’ll notice that its position can vary wildly depending on your zoom level. Besides locking the price-to-bar ratio, traders can try to correlate the 1x1 line with an area in which the price reversed, then plot the Gann fan over it. This may help to bring some uniformity to the process. Your Next Step In summary, Gann indicators, particularly Gann angles and Gann fans, may help us predict future price movements with a high degree of accuracy. However, their subjective nature can make them tricky to apply consistently, and they are better suited to more experienced traders. Once you’ve mastered the Gann indicators, you can open an FXOpen account. We offer a wide range of markets, competitive spreads, and an ECN-based order routing system, so you can trade using Gann indicators and other advanced trading techniques. Good luck! This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
Where is BTC going Bitcoin interacted negatively with the interval and continues in a descending channel to the following levels: -25,000$ -24,700$ And with the convergence of the downward internal trend, shown in white, with a substantial demand area, it is likely to rise to reach once again the ceiling of the channel and be able to penetrate it towards the 28k level by the end of June. In the long term, Bitcoin still maintains high positivity, which makes the idea of ​​it reaching the 40k level by Aguast not far-fetched.
BITSTAMP:BTCUSD
by HamdanAlmasri
MCK DAILY - Breakout on EarningsToday a gap up on positive earnings and revenue, Today an ascending triple top breakout on the point & figure. This is a health care stock (timely sector) with superb financials. This is not financial advice, but if I were to load into this stock, I would: a) look for a pullback to 381.43 (potential VPOC support) for potential entry b) Look for a further pullback to 376.19 (Gap fill) for potential entry c) In the event this is a runaway gap, I would look for a breakout above 401.78 (52 week high), where there should be free sailing ahead. d) Point & figure target is currently 459 (long position only).
NYSE:MCKLong
by UnknownUnicorn13101
A 10 years experimental outlook for DOW JONES INDUSTRIAL AVERAGEHi, everyone. Currently i'm learning Gann's method on annual forecasting. But, i'll tried it to make it 10 years further. It's so hard to find his documentation on his techniques, so i may be wrong. Everyone who see this post, live in a little bit more than 50% of major 60 years cycle like 1929 and 1869. So, the next cycle would be around 2049 But if this was correct, i can see that there is no crashes until January 2026. and you should thank me and Gann later for inventing this useful manual technique. But if this was completely wrong or not correct at all, it's definitely my fault..cause i still know nothing...so please don't hate me. I use a combination of machine learning algorithm named Learning Vector Quantization , this algo is supervised learning which i set the dataset from 2010 (after last crash), and EMA 21/34/90 to filter out the trend. In combo with that, i also use a time series model based on financial astrology as how Gann's did in the past. In this case, i don't use Gann angle because it is very effortful, so there will be a 1 or 2 bars different each swing. Using gann's angle provide more accuracy of how the price will go, but it took a lot of time. So, because i'm predicting 10 years further i'm not gonna using it this time. Yeah, so that's where all of my prediction comes from. Hope you explore more, so you'll realize how cyclical the market is. Cheers, H. Haidar PLEASE REMEMBER THAT I COULD BE WRONG, OKAY. SO YOU DONT BLAME ME FOR YOUR TRADING DECISION
TVC:DJILong
by sigmaCEO
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.
INDEX:ETHUSD
by EsotericTrading
DETAILED M15 Price movements Calculated with Gan Box15M DETAILED Waiting for the 0.382 Fib level after possibly touching blue 0.412 levels !! Here on the daily rsi we got negative divergence and after lots of buying pressure slowly decreasing due to the start of weekend. We have came to our main resistance levels at 0.40. Hourly chart has touched the the upper band of the vwap and bounced off. There is a chance if bitcoin breaks through 16800 and closes above it on the H4. We might see XRP breaking out but its less likely as bitcoin is in similar situation right now. We need to drop the liquidity at the lower levels such as 0.37 and below. Therefore, I will be looking for short positions. Although be careful and allow risk management. PLEASE FOLLOW AND SHOW SUPPORT if you want more TA Trade to Profit!
Short
by ifxgabriel
8
👻 $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!
FTX:CROUSDShort
by calmrat
GBPJPYHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. The way I told you, you have to trade like this and you will have more profit always and you will not be a loss. 1. Daily Share Analysis Chart 2. Technical Knowledge 3. Fundamental Knowledge 4. Trading Signal if you want to join my team come to inbox
by Arslan_92
BTCUSD: Preparing Positional Long EntrySince our last post, the BTCUSD market went through a corrective phase that brought the price to the mid20k level, the lowest price since the onset of the price discovery phase when the prior ATH was left behind with a bang. It is an exceptionally well-behaved market despite the turmoil that many other DeFi projects incl. stable coins have been going through. It seems reasonable to be looking for opportunities to add to long exposure in this market as the risk/reward is becoming more attractive. Key events/levels to look for clues: 25k bottom retest; 25k bottom retest +break = 7.5k extension lower; 17.5k - 22.5k as a major bottom. INDEX:BTCUSD is at a very pivotal moment and opportunities always come with risk, do manage the risk accordingly. Staying tuned for further tells.
BITSTAMP:BTCUSDLong
by Zoen_Trieste
4