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Haytham, please post the examples on the forum. What you have to say is
rather interesting. Thankyou for sharing your experience with the Gann
subject openly and freely per the spirit of RT.
bobr
----- Original Message -----
From: "Timothy Morge" <tmorge@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, April 26, 2001 7:39 PM
Subject: Re: [RT] Re: NASDAQ Rhythm
> 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
> >
> >
> >
> >Yahoo! Groups
>
>Sponsor<http://rd.yahoo.com/M=190462.1393721.2979173.2/D=egroupmail/S=17000
01779:N/A=551014/?http://www.debticated.com>
> >
> >
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> >
> >
> >
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>
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