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Gann angles are not merely "run vs. rise" or vice-versa. You also have to
take "pattern" into account.
Forget 8x1 or 1x 8 for that matter. They are not tradable since the
harmonics will be too week to refer too. Talk about low probabilities!
Gann angles, geometric angles. How about pyramid angles? How about Solar
degree angles?
Pattern should be one of the answers to your 'Gann Fann' questions, which by
the way, TS is no good for - change something on your chart, like bar
spacing and TS will ruin the study! If you want to trade Gann-style, like
me, use a proper program for the effect...
When squaring a high, a low or a range, there are no 'right' intersections
to watch for. All you have are probabilities, which refer to harmonic
relationships between large, medium and small cycles. All you have to do is
wait for the price to 'confirm' a change.
That's why markets don't have to do anything.
Gerald, what do you mean "a 1x1 Gann angle to a 45-degree angle. This is
not correct"? It is correct. It refers to the velocity of the security price
in time, right? Price can square in time in a lot of ways, that's why you've
got 1x2, 1x4, etc
By the way, Gann is VERY effective as your leading indicator, unfortunately
it's not for sale as your ordinary computerized trading system... you really
have to study hard, for a long time, just to have a practical glimpse of the
rewards that await the ones who are willing to take the journey.
-----Original Message-----
From: Gerald Marisch [mailto:gm@xxxxxxxxxxxxx]
Sent: Sábado, 26 de Maio de 2001 13:30
To: Fred
Cc: Omega Chat
Subject: Re: HELP ! : TS2000i Gann Fan tool Question ???
Since I'm mentioned in this post, I figure I'll add my comments. Besides,
what else can one do at 7:00 AM on Saturday morning?
GANN COMMENTS:
Gann lines - when prices "break" the Support / Resistance of one Gann angle,
prices will find Support / Resistance at the next high / lower Gann angle.
Gann angles (not "angels"; those are spiritual mentors with wings) -
depending on the analyst, Gann angles can be identified numerically as "rise
vs. run" or "run vs. rise". As an example, I have always considered an 8x1
to be the "steepest" Practical Gann angle.
But I have read publications that reflect an 8x1 Gann angle to be the
"shallowest", in some markets and for all practical purposes, even
horizontal.
I guess this is one of those questions - like saying "to-MAE-toe" or
to-MAH-toe,
the answer to which, will forever be shrouded in history and opinion
Gann angles vs. geometric angles: To have the proper effect on prices,
Gann angles must be responsive to "angles" of price movements.
Referring again to the legion of Gann-related publications, some equate a
1x1 Gann angle to a 45-degree angle. This is not correct (except for Gold
in which a $1-to-1 day relationship does exist.) But correct if you believe
Gordon Gekko (Michael Douglas) yell at Charlie Sheen about getting Blue Star
Airlines stock in a "45".
Don't believe me? Enter a 1x1 Gann angle and a 45-degree angle on a chart -
any chart. Note where the two angles intersect prices. (Use the "Ellipse"
tool to circle the intersections and save the chart so you can impress your
brother-in-law some day.)
Change the price or time scale of the chart - again, it doesn't matter which
one or even BOTH. After the change the Gann angle will intersect prices at
the same location - the 45-degree angle will not.
Gann Fan - the theory behind the Gann Fan is that the intersections of Gann
angles will project turning points.
>From a major turning point high, draw a set of Gann angles downward. From
a major turning-point low, draw a set of Gann angles upward.
The results are twofold:
1) Turning points - vertical intersections of Gann angles should project
future turning points. +/- 1 time period.
2) When prices "break" the Support / Resistance of one Gann angle, they
should find Support / Resistance at the next higher / lower Gann angle.
But with so many Gann angle intersections and lines, which ones are the
"right" ones to use?
And how "far away" from the angle do you consider Support or Resistance?
And will "better" Support or Resistance occur later?
If a tree falls in the forest and no one is there to here the sound, is
there a sound?
And has MasterCard got my delinquent payment yet since the proverbial
"...check is in the mail".
These are all questions to ponder this Memorial Day weekend.
Opinion - many posts relate how this or that program has successfully
predicted price targets for the last hundred years, how the author / user
made a million dollars in a month, and how, up to now, this mega-buck
"system" has remained a mystery.
If you can make money with such a system, all the more power to you. I
sincerely wish you the best, for you are a better person than I.
Over the years, I've traded by 21 CARDINAL RULES. These have proven
invaluable to me; they may not be invaluable to you.
The first two of these CARDINAL RULES are:
1) THE MARKETS DON'T "HAVE TO" DO ANYTHING.
2) SEE "RULE #1".
When Gann, Fibonacci, Elliott Wave, Bollinger (to name just a few), or
whichever methods you use (including "Johnny's Super-Secret Mega-Dollar
Indicator") future price activities as reflected by the indicator should be
considered as price PROJECTIONS, rather than price PREDICTIONS.
I guarantee you one thing - if you say prices "have to" do this or "have to"
do that... THEY WON'T! If by using the Gann Fan, your projection is that
prices will turn on a certain future date or time, BE FLEXIBLE, and have
Plan B, Plan C and Plan D in mind and ready to go, just in case your
analysis is flawed or prices "just won't co-operate".
But I'm starting to digress. I'm going back to bed.
Happy Memorial Day everyone.
And remember all those who have sacrificed and who we honor this weekend!
Gerald Marisch
----- Original Message -----
From: "Fred" <srqblue@xxxxxxxx>
To: "Ian McVicar" <icm63@xxxxxxxxxxx>
Cc: "OmegaList" <omega-list@xxxxxxxxxx>
Sent: Thursday, May 24, 2001 6:46 PM
Subject: Re: HELP ! : TS2000i Gann Fan tool Question ???
> On Fri, 25 May 2001 09:02:27 +1200 (NZST), you wrote:
>
> >Ok, I think I am having a bad hair day, and thats hard cause I dont have
any
> >!!!
> >
> >Refer to the GAN Fan on Ts2000i , select format after its drawn a chart,
goto
> >properties.Thus when formating the GAN fan for the E Mini or the E Nas
the
> >format box requires "the points per bar", the default seems to be 0.4 I
think.
> >
> >Would this be :
> >
> >E mini : 0.125 or 0.25
> >http://www.cme.com/market/equity/minispex.html
> >
> >E Nas : 0.10 or 0.20
> >http://www.cme.com/e-nasdaq/n_contracthighlights.html
> >
>
>
> Ian,
>
> None of the above. If you could explain why the URL might be related
> to the answer I might be able to guess at how you intend to use them.
> Meanwhile, try 25.00 or 20.00 on a daily chart and 2.75 on a 10 min
> chart for the NAZ. Gerald Marisch, who posts here has written a book
> on the subject, so has Gann who doesn't post here.
>
> Fred
>
>
> "Success is the only test of genius" -R.Adm Daniel Gallery 1901-1977
>
>
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