Every line on the chart represents support or resistance. Vertical lines are time lines where trend may change.
One can use this chart as trading map for next few months. This Gann square chart can be used in standalone way or with other trading strategies like. Candle stick patterns, demand supply zones, Momentum indicators, Fibonacci ratios, trend channels or any other way of your own. This chart can be considered as trade conformation chart.
With all kind of tools and charts we are trying to analyse where trend will change, with this or with my any other chart my intention is not to judge top or bottom. With all the tools we will always try to find possible entry exit and stops only.
I Don't understand where i will set the first arc of gann square. Please inform
CryptoJuggernaut
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Hello. Gann's strategy requires "squaring the chart. Do you have any tricks for doing this? Thanks in advance.
Bitczar
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Nifty,
Thanks for posting. I have been using a similar system called Gunner24. The setup looks almost identical. Gunner24 uses Fibonacci sequence to place the chart after a turn (up or down). How do you select the placement of the anchor point?
dhananjay.d.joshi
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@Bitczar, its the same 3,5,8,13 candles. Impulse move.
dhananjay.d.joshi
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We can move down from current point as gann arch is proving to be good resistance, trade only if good signal is generated
nishanth123
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Dhananjay ji - Could you please how to draw the GANN square ...I have read your comment above...How do you determine the 3,5 candles and 1x1.
dhananjay.d.joshi
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Gann Square at its best!!!!!!!!!!!!!!. Market responding from gann lines. Today at 2016 high, One can mark these line on the chart and can trade accordingly.
venkat
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hi mr joshi, can please tell me how to draw the gann square , how many candles to be considered from the initial impulse move
dhananjay.d.joshi
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Hi,
1. Select 3 or 5 or 8 or 13 candles which are from important swing high or low. Start from top or bottom.
2. Time and price needs to be in 1x1 proportion.
3. In case of up trend start from low of first candle to high of 3rd/5th....... candle. apply inverse to down trend i.e high of 1st and low of 3rd/5th......
4. To set charts on 1x1 use price and bar count tool and then use Gann tool
All Gann work is important on price and time both so setting charts correctly is important, practice on daily, weekly or monthly charts of stocks, commodity or any instrument.
venkat
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Thank you ji and how to set the chart , where is price anad bar count tool located, can you please guide me