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My understanding from multiple readings of the TASC article and issue #1 of new
journal on his web page:
1) HL Activator - you are correct, however think in terms of periods not days
2) The change from 2 to 3 refers to the number of consecutive periods required
to define a change in swing i.e. if in a down swing 2 consecutive higher highs
are required to reverse to upswing: 30 29 30 28 29 30 - series 28 > 29 is #1 and
29 > 30 is #2.
I don't own FT (yet) but I did implement his gann swings to handle bar coloring
in Ensign.
Earl
-----Original Message-----
From: Steven C. Walker <Steve@xxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Wednesday, June 24, 1998 9:31 AM
Subject: Gen: Robert Krausz - W.D.GANN TREASURE DISCOVERED
>Hello,
>
>I read and like the Krausz/Gann article in TASC's February issue. As a result,
I purchased the book and have sucessfully been trading with this method.
Nevertheless, I am still not sure of a couple of things. Enlightenment will be
appreciated.
>
>First, I want to confirm my understanding of the High Low Activator (HLA).
Let's begin with the assumption that the particular stock is in a defined
uptrend. To caluclate the HLA for tomorrow's trading, one averages the high
price for the last three days. If the closing price tomorrow is two ticks above
this three day average, a long position is taken on the close. Going forward
with this long position, each day a three day average of the low price less two
ticks is made which becomes the sell stop for the following day's trading. All
these calculations are based on daily charts and price movement. Any errors
with this?
>
>Next, I want to understand the significance of Gann's handwritten note on the
found manuscript. Krausz notes it in his article and book. Gann's note refers
to changing from a three day chart to a two day chart. But, as I noted above,
my understanding is that the calculations are made using daily highs and lows.
If correct, what's the significance of Gann's note?
>
>Steve Walker
>Dallas, Texas
>
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