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Haytham,
Thank you for your most interesting posts. Perhaps you can answer a
question for me based on your experience with Gann angles. I have
always been troubled by the arbitrary nature of the way many draw
Gann angles -- I mean determining a rate of X points a day and
applying that to a swing low/high. Is there something here I am
missing?
The other approach that seems closer to letting the market tell one
the answer is to base angles on squaring a previous price swing. But
still, if I include angles from prior important swings (which often
precisely mark turns) I get a little overwhelmed with angles and
possibilities. I suppose I could just ignore the prior angles, but
they are often more meaning in predicting price action than the
current one.
Angular geometry to me is clearly very important -- much more so (and
more precise) than fibonacci, etc. Based on the above, though, I have
found properly constructed Andrews-type analysis both more precise
and easier to arrive at a comprehensive, multi-time frame outlook for
a market. My current thought is that the proper Andrews median line
likely mirrors a controlling plantary angle for market/time frame.
Any thoughts to assist in my understanding of Gann angles?
Thanks,
Chris Cheatham
p.s. You all have peaked my interest -- I need to go back and finish
reading Tunnel Thru the Air
--- In realtraders@xxxx, "Haytham Albizem" <H.Albizem@xxxx> wrote:
> Sorry I forgot to attach gif picture to my message to Lynn.
>
> I think I need to get some rest, it has been a long day.
>
> Haytham
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