In this article I'll try to explain everything I learned this year about WD Gann's work and analyses of charts. First thing I want to address is that there are a lot of people explaining it wrong, it's actually much easier than you think.
I learned everything from these YouTube channels:
Timing Solution Support
Olga Morales
HWSteel
Mostafa Belkhayate
Download Timing Solution Software
http://www.timingsolution.com/Press Calculate and then Open
Select a saved CSV or ASC or you can press Update and download data from Yahoo Finance. I'll load EurUSD in this tutorial..
Press Calculate and you we'll be greeted with the loaded chart. Don't get shocked by all the buttons we'll start with the most simple technique and those are planetary lines.
Adding planetary lines:
Few things you should know is, how higher the degree the stronger the support or resistance is. You can better use the Sun(HELIO) as center point instead of the default Earth(GEO). You can use current prices levels of today, based of major lows or highs and first trading day. I'll show how to set the first trading date on EurUSD play around with major highs and lows.
Planteray price levels based on the first trade date of EUR/USD:
Press on the symbol T in a circle and a new windows will appear, on the right you see a box you need to enable to see the lines.
In the new window we will give the up the following settings:
Date: 01-01-1999
Degree: 360 > 1
Center point: Geo long -> Helio
You should see this when your done:
Now we can see the strong correlation between 1 degree planetary lines on the chart.
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Next time I'll show how you can do this on a intraday basis on Forex!
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