Trading the SPI

[Bronte]

If there was such a thing, wouldn't Gann resistance have something to do with time? I don't think Gann and 'normal' resistance/support can be compared unless Gann has an absolute direct correlation to price action. If it did, then anyone who studied Gann, and applied it, would be well and truelly retired, floating around on a yacht through the Caribbean......

This is a good post kennas....now you are thinking.
Battman retired at 40 years old & the Caribbean is very nice

 

[Bronte]

Sell: 'Gann Resistance'
Buy: 'Gann Support'
Hide your stoploss.
Make money $$$$
Simple really

 

[Joe Blow]

I am here to meet with new traders and discuss trading. I am not here to argue about things.

Glad to hear it Bud. Welcome to ASF.

Since you are not here to argue about things I have taken the liberty of removing some posts in this thread that could appear to some to be argumentative.

Looking forward to your contributions.

 

[sails]

http://en.wikipedia.org/wiki/Resistance_(technical_analysis)

The difference between this and GANN resistance/support is????

I am no expert in Gann having only learned the basics with SITM a few years ago, but did learn enough to understand that Gann levels usually mean a confluence of various calculations and not just previous tops and bottoms as in Wikipedia. To name just a few, the calculations may include: percentages of highs and lows, percentages of previous ranges, squaring of time and price, and some incorporate the use of various Gann squares, etc, etc...

To me the word "Gann" is simply an adjective describing the type of analysis that has been used to derive that particular support or resistance area. Just like "Elliot" is used to describe his wave system and "Darvas" is another - and we accept that specific analysis and rules have been applied.

Hope that helps!

 

[Bobby]

This is a good post kennas....now you are thinking.
Battman retired at 40 years old & the Caribbean is very nice

Just can't work it out ? Then why bother posting ?

I'm here to pick up more knowledge

Cheers Bob.

 

[wayneL]

Retired

LOLOLOLOL That word is now hopelessly cliche'd and is not used with its true meaning.

Blame it on the "network marketers".

"Retired", means quit your job to chase@rsing around, furiously presenting "business plans" to sucke..... I mean prospects, organising "business meeting", "seminars" etc etc etc

This definition has permeated the non-brainwashed section of society as well.

Sorry, but trading for a living and teaching Gann is NOT retired. It's running a business. Running a business is not retired.

When you have at least 50k in dividends turning up in your letter box after tax, and you can sit on your @rse all day if you want.... that is retired.

 

[Bronte]

Of course you are right Wayne
If Battman 'works' two hours a day
doing what he loves then he is not fully retired.

 

[Bronte]

When you get out of bed in the morning...
you have to do something Wayne
We do not trade for a living.
Don't need to

 

[wayneL]

Of course you are right Wayne
If Battman 'works' two hours a day
doing what he loves then he is not fully retired.

Thats all most futures traders do.

The rest of the time is spent BSing on the internet LOL

My trades are in for the evening, I'll check the grains when they open. Have a look near the close... thats it.

Nothing unusual there:band

 

[wayneL]

Whenever asked for my profession, I just write "unemployed" LOL

 

[Bobby]

Thats all most futures traders do.

The rest of the time is spent BSing on the internet LOL

My trades are in for the evening, I'll check the grains when they open. Have a look near the close... thats it.

Nothing unusual there:band

Loved the Bsing part !

 

[Bronte]

You have to feel sorry for 50+
That still work..................
B/S on forums like this one.
At least Bobby admits he knows nothing.

 

[Bronte]

I am no expert in Gann having only learned the basics with SITM a few years ago, but did learn enough to understand that Gann levels usually mean a confluence of various calculations and not just previous tops and bottoms as in Wikipedia. To name just a few, the calculations may include: percentages of highs and lows, percentages of previous ranges, squaring of time and price, and some incorporate the use of various Gann squares, etc, etc...
To me the word "Gann" is simply an adjective describing the type of analysis that has been used to derive that particular support or resistance area. Just like "Elliot" is used to describe his wave system and "Darvas" is another - and we accept that specific analysis and rules have been applied.
Hope that helps!

Nice post Margaret

 

[wayneL]

You have to feel sorry for 50+
That still work..................
B/S on forums like this one.
At least Bobby admits he knows nothing.

Everything is BS.

Many philosophers even question the nature of reality. Some theosophists even consider time an illusion.

Sergeant Schültz was wiser than we all thought... "I know nothing... NOTHING!!!!"

 

[wayneL]

You have to feel sorry for 50+
That still work..................
B/S on forums like this one.
At least Bobby admits he knows nothing.

What is old?

What is work?

What is BS?

What is something?

It is all smoke and mirrors :

That's my cosmic musing for the night

 

[Bronte]

Sell: 'Gann Resistance'
Buy: 'Gann Support'
Hide your stoploss.
Make money $$$$
Simple really

Gann Resistance 4997
Sycom High 4998
Now 4965

 

[Bronte]

You have to admit Wayne that they work extremely well.
This thread if full of successful Gann Support / Resistances.

 

[Bobby]

You have to feel sorry for 50+
That still work..................
B/S on forums like this one.
At least Bobby admits he knows nothing.

Yep I know nothing

But that must be why I'm doing Ok

Thanks battman !

 

[wayneL]

You have to admit Wayne that they work extremely well.
This thread if full of successful Gann Support / Resistances.

So does Radges mechanical system. Lots of things "work". Classic swing trading works as well.

I seen Frank trade live.. his system works very well.

I have MIRC with financialchat, there are some real gurus on there... all do somthing a little different and their trades are all live.

All use a form of dynamic supp/res (e.g pivots, Gann, "binomials", fib etc)

Gann is not unique

 

[wayneL]

All I want to know right now is when to cut this ER2 trade loose... nearly at s2 atm... also we've done pretty close to ATR as well


tsk tsk "I know NOTHING"