My Picks: Looking to Buy Gold Expertise: WD GANN ANALYSIS Average Time Frame of Trades: Few Days - Few Weeks.
On 11 March 2016 Gold has found resistance at very strong WD GANN Angle and formed the highest high seen since Dec 2015 Low. Today 28 March 2016 Gold has reached another important WD GANN Angle overlapping with rebated WD GANN Percentages of pas swing ( Please refer to attached chart).Looking to Buy Gold with a stop lose at 1202.30.
In 1935 W.D. GANN descries the use of GANN Angles in his Book The Basic Forecast Method, There is 360 Degrees in a circle no matter how large or how small the circle may be. so a certain number of these degree and angles are of vast importance and indicate when important tops and bottoms occur on stocks / currencies, as well as denote important resistance levels, with these you will be able to solve any problem and determine the trend of any market. These Angles measure and divide Time and Price into proportionate parts. First Important Geometrical Angle is the 45° or 1 x 1 ( moving-average that moves up one point per day, one point per week or one point per month). Next Important Angle is 2 x 1(moves up at the rate of 2 points per day, week, or month). It divides the space between the 45° angle and the vertical angle into two equal parts. the 1 x 2 Angle is important as 2 x 1 Angle and it is moves up at the rate of 1 point per 2 days, 2 weeks, or 2 month. 1 x 2 divides the space between the 45° angle and the Horizontal angle into two equal parts. The third Important Angle: 4 x 1- which moves up 4 points per day, week, OR month. This angle is 4 x 1, or 4 points of space equal one period of time. The 1 x 4 Angle is important as 4 x 1 Angle and it is moves up at the rate of 1 point per 4 days, 4 weeks, or 4 month. 1 x 4 divides the space between the 45° (1 x 1 Angle) and the Horizontal angle into two equal parts. Fourth Important Angle: 8 x 1- moves up 8 points per day, week, or months. The 1 x 8 Angle is important as 8 x 1 Angle and it moves up 1 point per 8 days, weeks or months Next in importance is: 16 x 1 Angle which moves up 16 points of Price to one period of Time. The 1 x 16 Angle is important as 16 x 1 which moves up 1 point of price to 16 period of time (day, Week or month). GANN Mentioned 3 x 1 Angle in his book which moves up at the rate of 3 point per 1 day, 1 week, or 1 month, 3 x 1 angle is the half way angle between 2 x 1 and 4 x 1 Angles. The 1 x 3 Angle is important as 3 x 1 Angle, 1 x 3 Angle moves up 1 point of price per 3 days, weeks or months. If we use these same sequence of this angles we will get the below numbers 1 x 1 , 1 x 2 , 1 x 4 , 1 x 8 , 1 x 16 , 1 x 32 , 1 x 64 , 1 x 128 , 1 x 256 , 1 x 512 , 1 x 1024 , 1 x 2048 , 1 x 14096 , 1 x 8192 . Notice the second number is multiplied by 2 , we can keep multiplying the second number buy 2 to get more angles if we need. 1 x 1 , 2 x 1 , 4 x 1 , 8 x 1 , 16 x 1 – 32 x 1 , 64 x 1 – 128 x 1 , 256 x 1 , 512 x 1 and we can keep multiplying the first number by 2 to get more angles if we need that. First Half Way Angles, Important Angles Gann Mentioned 1 x 3 Angle; this is the half way angle between 1 x 1 and 1 x 2 If we need to get the half way angles between the other major Angles so we get the below angles 1 x 3 , 1 x 6 , 1 x 12 , 1 x 24 , 1 x 48 , notice that the second number is multiplied by 2, we can keep multiplying the second number by 2 to get more angles if we need. Also Gann Mentioned 3 x 1 Angle; this is the half way angle between 1x1 and 2x1 If we need to get the half way angles between the other major Angles so we get the below angles 3 x 1 , 6 x 1 , 12 x 1 , 24 x 1 , 48 x 1 , notice that the first number is multiplying by 2, we can keep multiplying the second number buy 2 to get more angles if we need that.
WD Gann Angles From Top
WD Gann Angles From Bottom
Now let us write down the important angle in a table
WHAT IS THE HALF WAY ANGLE BETWEEN 1x1 and 1x2?
To Get the Half way Angles between 2 angles you need to sum the first number in each to get the first number of the half way angle then sum the 2nd number of each angle to get the 2nd number of the half way angle.1 x 1 and 1 x 2Sum the first number in each to get the first number of half way angle, ==> 1 + 1 = 2.Sum the 2nd number of each angle to get the 2nd number of half way angle, ==> 1 + 2 = 3.So, half way Angle between 1 x 1 & 1 x 2 is 2 x 3.
Draw All WD Gann Angles Type (Daily, Calendar, Weekly and Monthly).
Draw different Gann Angles type over Any Time Frame; you can draw weekly WD GANN Angles over daily chart, Monthly WD GANN Angles over Daily Chart.
Draw WD GANN Percentage Levels on the chart.
No Chart Scale Require.
Indicator SettingsThe main indicator setting is Gann Analysis Mode setting where you will see two options to choose:
Angle – choose this option to draw Gann Angles on the chart.
Percentage – choose this option to draw Gann Percentage Level on the chart.
Angles Settings
Angle Points: the value of angle point movement.
Angle Time: the value of angles time movement.
Angle Type: there are four types of angles we can draw: Daily, Calendar, Weekly and Monthly Angles.
Angle Mode: there are Three modes for Angles:
SingleAngle: to draw one WD GANN Angle line.
MultiAngle: to draw 10 WD GANN Angles line starting from Angle point and time value.
Custom Angle: to draw One WD GANN Angle from a specific Price.
“This Option is useful to draw WD GANN Angles from ZERO, from important High Date to start the angle from an important Low Price to buy dips OR from Important Low Date to start the angle from important High Price to sell rallies Examples: - Single Weekly Gann Angle from any Top or Bottom follow below Steps:
In Gann Analysis Mode setting choose Angle.
In Angle Point input 1.
In Angle Time input 1.
In Angle Type setting choose Weekly angle.
In Angle Mode setting choose SingleAngle.
Press OK to exit the indicator setting menu.
Double-click on the Plotter in the top of the chart and move it to the top of the bar you wish to draw Falling Angle or to the bottom of the bar to draw Raising Angle.
Release the Plotter once it is in the correct position.
EURUSD 1x256 weekly angle Example ( Falling Angle)
Multiple daily angles starting from 1x1 Angle:
Follow above steps for the single Angle, The only change will be in Angle Mode setting: choose the MultiAngle. This will draw the below angles on the chart 1x1, 1x2, 1x3, 1x4, 1x6, 1x8, 1x12, 1x16, 1x24, 1x32. Calendar Multi Angles Example( Falling Angle)
Custom WD GANN Angle:
Angle from ZERO.
Angle from Important High Date starting with important Low Price.
Angle from Important Low Date starting with important High Price.
Custom Daily Angle From Lowest Low Price( Raising Angle)
Percentage Settings
Percentage Level: the value of the Percentage Level we need to draw on the chart.
Percentage Mode: there are four options to choose:
SinglePercent : to draw one Percentage Level.
MultiPercent : to draw 4 Percentage Levels on the chart (this will multiply the Percentage Level to 4 levels).
FullPercent : to draw full WD GANN Percentage Levels.
Examples: For Single WD GANN Percentage follow below steps:-
In Percentage Level enter the Percentage Value you wish to draw (3.125%).
In Percentage Mode choose SinglePercent.
Press OK to exit the indicator setting menu.
Double-click on the Plotter in the top of the chart and move it to the top of the bar you wish to draw the falling Percentage level or to the bottom of the bar to draw raising Percentage level.
Release the Plotter once it is in the correct position.
Example Falling 3.125% Example ( Falling Percentage)
For Multi WD GANN Percentages follow below Steps
In Gann Analysis Mode setting choose Percentage.
In Percentage Level enter the Percentage Value you wish to draw (3.125%).
In Percentage Mode choose MultiPercent .
Press OK to exit the indicator setting menu.
Double-click on the Plotter in the top of the chart and move it to the top of the bar you wish to draw the falling Percentage levels or to the bottom of the bar to draw raising Percentage levels.
Release the Plotter once it is in the correct position.
You will get 4 Percentage Levels on the chart: 3.125%, 6.25%, 9.375%, and 12.5%.
Multi Percent of 3.125% ( Falling Percentage)
For Full WD GANN Percentages follow below steps:
In Gann Analysis Mode setting choose Percentage.
In Percentage Mode choose FullPercent.
Press OK to exit the indicator setting menu.
Double-click on the Plotter in the top of the chart and move it to the top of the bar you wish to draw the falling Percentage levels or to the bottom of the bar to draw raising Percentage levels.
Release the Plotter once it is in the correct position.
You will get these percentages on the chart: 3.125%, 4.166%, 5, 6.25%, 7.1428571%, 8.33%, 10%, 12.5%, 14.28571%, 16.66%, 18.75%, 25%, 28.571%, 33.33%, 37.5%, 40%, 50%, 60%, 62.5%, 66.66%, 75%, and 100%.
