Gannlevels
GBPJPYHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The way I told you, you have to trade like this and you will have more profit always and you will not be a loss.
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BTCUSD: Preparing Positional Long EntrySince our last post, the BTCUSD market went through a corrective phase that brought the price to the mid20k level, the lowest price since the onset of the price discovery phase when the prior ATH was left behind with a bang. It is an exceptionally well-behaved market despite the turmoil that many other DeFi projects incl. stable coins have been going through. It seems reasonable to be looking for opportunities to add to long exposure in this market as the risk/reward is becoming more attractive.
Key events/levels to look for clues:
25k bottom retest;
25k bottom retest +break = 7.5k extension lower;
17.5k - 22.5k as a major bottom.
INDEX:BTCUSD is at a very pivotal moment and opportunities always come with risk, do manage the risk accordingly.
Staying tuned for further tells.
Trend-Based Fibonacci Extension TutorialUsing a simple 50% Gann level can work wonders for your trading game and provide that extra bit of confidence needed to not exit trades too early or trail your stop-loss too tightly for fear of price reversing too soon.
Simply pull if from most recent consecutive pivot markers high/low/high or visa versa.
Squaring Price With TimeThis is simply my method thats works best for my trading style. This method works on any time frame and yeilds 90+ % swing pivot trading accuracy.
Observe the right edge of the box as it indicates the future pivot dates.
There is no need for me to use any other method but please keep in mind there are other methods available to discover if this doesnt suit you.
Always use this as a confluence and not alone as a single trading stradegy.
BTC MAY 90 Degree AnglesPer request of @PremiumSunny .
119 - 90 = 29
112 - 90 = 22
(please see previous post on 90 degree angles for explanation)
Squared chart, and yes I expect the price of BTC to be heading down as we are in 7 bearish macro cycles until 2024 and as you can see price continues to fall below these key angles. However there will be bounces along the way.
Pivot dates:
April 24-26th
May 1-2
May 8-9th
May 17-18th(lunar eclipse)
etc...
NZDUSD Long-term idea with Gann fans These gann fans go back to 2014, we see the loss at the end of 2021 former support line, freely according to the law of attraction we would accordingly land on the nearest one. However, this may take until 2023 and represent a 5% loss against the USD.
Currently we are at a horizontal support line, which results from the crossings of the fans, this could, as of now, slow down the fall somewhat, but probably not stop it.
EASIEST WAY TO SQUARE RECENT PRICE ACTION FOR GANN TOOLSTake a recent significant high or low price.
Then find a square root calculator and receive the square root.
Then square that number again.
Finally, go to settings - scale - and select "lock to scale" to insert the final number.
For this case, it came to 8.13, and so the chart has been locked in with that scale and set to the 4-hour.
Gann Percentage Movements IntroductionW. D. Gann described many types of numbers that he calculated on a daily basis. He worked mainly with percentages based on the dollar and the number of months and weeks of the year in accordance with Astrology.
Some of his more popular numbers were:
6.25%
12.50%
18.75%
25%
33%
37.5%
50%
62.5%
....and so on.
He also wrote about the rule of 8, 9, 10 and even numbers. For this simple example we are using 6.25% and Bitcoin as the asset.
''One of the greatest discoveries I ever made was how to figure the percentage of high and low prices on the averages and individual stocks. The percentages of extreme high and low levels indicate future resistance levels.''
W.D. Gann 1949.
GANN AMAZING SECRET METHODThis is based on the 90 degree fixed mathematical law or universal rule.
Method: Use the trend angle tool and mark a low/high trend line. Next, take note of the angle. Then, subtract 90 from the angle to arrive at the second angle degree number that you will then draw to arrive at 90 degrees in the prediction of future trends.
His master class text is posted below.
Smart Money Analysis: Double Top with Major Hurdle $US30 is approaching a major hurdle with Double Top formation in place. If this hurdle is crossed and if $US30 manages to close above 35650 levels for consecutive 2 Days, then Sky would be the limit for $DowJones and $US30. Then DowJones would enter into a new orbit and will form its own new support and resistance levels above the current levels. Untill it closes above 35650 level, be careful with your Long trades, be properly hedged and look for early short signal to enter into short trades.
For Education purpose only. All disclaimers apply
How to earn 24~33 ticks from FCPO each day using Gann level?1. Using Gann square of 9 to determine potential support and resistance level.
2. Between each Gann level has a range of 33 ticks for FCPO.
3. Combination of Gann level and support resistance to entry.
4. Knowing the market condition is a must. (either sideways or trending market)
CLV0: Two Potential SetupsThe above chart shows potential price development scenarios before the expiry of this contract. The higher timeframes are showing signs of selling, any weakness in oil at this point can be justified by long interest vacating their holdings at almost a 100% gain from YTD low. Though aggressive bears might join in for a swing lower, it is imperative to be looking for buying opportunities upon signs of weakness. Another way to buy the dip is to sell a put option, let's say a CL Dec'20 strike @ $38.50, which would give the option writer a $1.5k premium at the current market, giving him/her a Break-Even price of around $37.00 where the stop sells would be placed separately on the CLZ0 contract.
CLQ0: Mapping Bullish ContinuationFurther to the earlier ideas on the August delivery contract, I would like highlight the fact that it has now become the front contract of the Crude Light futures curve, and that it did so while being traded at plus 100% from its YTD low. When the June delivery contract went into negative, this contract was trading at around $20/bbl. Two months later it is trading above $40/bbl and seemingly bulls are still very much confident in their holdings. Buying the dips towards the 150% area from YTD low seems reasonable. This would mean another 25% gain from $40/bbl. The chart shows all of the relevant details on the above.