ETHUSD DAY - ANN FAN PROPULSION STRATGY
Updated
How to Draw Gann an Angle
In this section, I’m going to teach you how to draw Gann fan angles. Many traders are used to drawing the Gann fan angles the wrong way which is why you need to pay closer attention to this section.
You first need to draw a perfect 45-degree angle and most sophisticated trading platforms should have incorporated such tools. On the Tradingview platform, you can locate the Trend Angle tool on the left-hand side panel.
Next step is to select any major swing high or swing low on the chart from where you want to draw the Gann fan angles. Once you’ve chosen your swing low point simply utilize the trend Angle tool and draw a perfect 45 degree angle.
Once you’re done, you need now to learn how to draw the Gann fan angles. On this step you need to use the Gann Fan indicator which again is located on the left hand side panel
Now, all you have to do is to simply place the Gann fan indicator on the chart and make sure it overlays on top of the 45-degree line you previously have drawn. This is the correct way to draw the Gann fan angles and if you have been following all these steps all the other Gann fan angles should comply with the Gann rules.
Step #1: Pick a significant High, Draw Gann Fan Angles and Wait For the 1/1 Line to Break to the Upside
The best Gann fan trading strategy works the same on every time frame, but we recommend not going lower than the 1h chart as you want to be able to pick significant swing high points which can’t be seen on the lower time frames.
Step #2: Wait for a Break Above 2/1 Gann angle Before Buying at the market
This step is significantly important because a reversal of the previous trend is only confirmed once the 2/1 Gann angle is broken to the upside. You want to buy at the market as soon as we break above 1/1 line.
STEPS 3 - 4 - 5 WILL BE SHOWN ON UPDATE CHART
In this section, I’m going to teach you how to draw Gann fan angles. Many traders are used to drawing the Gann fan angles the wrong way which is why you need to pay closer attention to this section.
You first need to draw a perfect 45-degree angle and most sophisticated trading platforms should have incorporated such tools. On the Tradingview platform, you can locate the Trend Angle tool on the left-hand side panel.
Next step is to select any major swing high or swing low on the chart from where you want to draw the Gann fan angles. Once you’ve chosen your swing low point simply utilize the trend Angle tool and draw a perfect 45 degree angle.
Once you’re done, you need now to learn how to draw the Gann fan angles. On this step you need to use the Gann Fan indicator which again is located on the left hand side panel
Now, all you have to do is to simply place the Gann fan indicator on the chart and make sure it overlays on top of the 45-degree line you previously have drawn. This is the correct way to draw the Gann fan angles and if you have been following all these steps all the other Gann fan angles should comply with the Gann rules.
Step #1: Pick a significant High, Draw Gann Fan Angles and Wait For the 1/1 Line to Break to the Upside
The best Gann fan trading strategy works the same on every time frame, but we recommend not going lower than the 1h chart as you want to be able to pick significant swing high points which can’t be seen on the lower time frames.
Step #2: Wait for a Break Above 2/1 Gann angle Before Buying at the market
This step is significantly important because a reversal of the previous trend is only confirmed once the 2/1 Gann angle is broken to the upside. You want to buy at the market as soon as we break above 1/1 line.
STEPS 3 - 4 - 5 WILL BE SHOWN ON UPDATE CHART
Note
WHEN STEP 2 IS COMPLETE - PRICE BREAKS ABOVE THE 2/1 GANN ANGLE LINE AND WE BUY AT MARKET.THEN I WILL COMPLETE STEPS 3 - 4 - 5 IN THE NEXT UPDATE
Note
REVISED GANN FAN LAYOUTWhen using a single chart layout the Gann Fan layout changes
Price has broken above the 2/1 angle line
You could have entered with a market order or a estimated buy stop
Steps 3 - 4 - 5 will be shown in the next update
Note
See new continuation post of Gann Fan Propulsion Strategy
Disclaimer
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