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Haytham:
Would you mind giving me several charts showing your use of the 1X1's in
this fashion--both the "live 1X1" and the other way you used to calculate
them in the old days?
Private or on this forum, doesn't matter. Whenever you have time. I am
curious how you use the lines in this fashion.
Thanks.
Tim Morge
At 09:58 PM 4/26/01 -0400, you wrote:
>Chris,
>
>Don't take tip from anyone that is what the "realtraders" would tell you.
>Not everyone who read a couple of books about Gann become a successful one
>as you know. You have asked me direct question and I will answer you
>directly without referring you to do this and that.
>
>Gann angle are important, as you know, they represent:
>
>1. angles are sort of moving averages
>2. They are much more accurate in telling about sentiment and true market
>power.
>3. When you break an angle you will always drop to the next angle down or
>go sideways
>4.Angles an be used for support/stop loss points( Lenny has point out this
>important point)
>
>There is no arbitrary nature of Gann angles, this can be determined in two
>ways:
>
>1. Live 1x1 angle : which represent the actual angle drawn major high or
>low to another major high or low, this is calculated electronically and
>this what I use in my computation for simplification.
>2. There is other way to calculate which I use in my old days:
>
> UPTRENDING = MAIN BOTTOM2-MAIN BOTTOM1/DIFFERENCE IN TIME BETWEEN BOTTOMS
>
> DOWNTRENDING = MAIN TOP1- MAIN TOP 2/ DIFFERENCE IN
> TIME BETWEEN TOPS
>Regarding the squaring, let us talk about at later time, I do not want to
>confuse you with squaring, let us set angles issue in stone in your mind
>before we move ahead because many people think they crack the code, they
>crack nothing :-), they don't even know how to use it in trading.
>
>Let me go back to the angles, what I have said is only scratching the
>surface on angles, but let us concur this obstacle to move to the next.
>
>
>Regards,
>
>Haytham
>
>
>
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