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The purpose of the Gann angles is to depict support and resitance and/or to
project turning points (using intersections). Obviously, you could plot all
lines on a chart but many will be so far away from price as to not be
useful. The most important line is the 1X1 or 45 degree angle. Draw these
both up and down from significant highs and lows in price. Look for
intersections for changes in trend and to the line itself for S&R. Hope this
helps.
Karl
>
>I may be answering my own question here. I purchased the Gann Masters
>course and I'm at the point in the course on Gann Angles. In the course
>it talks about only using certain angles only for daily, weekly, monthly
>charts. Example 1 X 1 angle for daily, but the 16 X 1 for weekly and
>monthly.
>
>For the traders that use this, do you just plot all of the angles or do
>you use certain ones? Reason why I ask, is I plotted all of the angles
>and was amazed of what the lines were showing and I leaning toward just
>plotting all, bypassing (bending) the rules in the book.
>
>Just like to hear what other traders thoughts on this.
>
>
>TradeWell,
>Joe Frabosilio
>
>
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