Nifty Gann Square forcast
Lines and curves are support and resistance for price.
The demand and supply zones are also marked on the chart which will give additional confirmation for price movement.
Trade setups are not mentioned on the chart because the trend perception of individual will be different, intention of the chart is to make traders aware of important time and price levels, which they can use in their positions.
The impulse leg for gann square is short as it may not work as impulse leg if we reverse and fall. But if we move up then these levels will help a lot.
Other than this chart there are few observation.
1. We have paper pin kind of pattern on monthly chart, which may work as base for short or medium term.
2. On weekly chart we have weekly close above previous weeks high.
3. Double bottom like pattern is formed on daily chart around 7900 which was good point for long.
4. 8275 is important level structurally, if we close above that, only then case for short term uptrend will be confirmed.
This was the last trading day in 2016 and markets will open in 2017 only :)
I wish happy and prosperous new year to all
1.May this year bring you biggest profitable trades....(short or long it doesn't matter)
2.May you be on the correct side of the trend.
3.May you plan and implement the best trading plan.
4.May your stops will get hit less times, than your targets.
5.May you adhere the money and risk management in 2017
Gann Square
Highest Time-Frame Gann Arc Leads the WayA Gann arc is usually produced by starting with a key low or high and placing the first arc at the nearest key high or low respectively. But in the case of an asset like Bitcoin where extreme growth is still very much on the table, an interesting study is produced by drawing the first arc of Gann's Square from Bitstamp's all-time lows of $2.22 to 2013's rally top.
This produces the highest time frame view possible.
Like everything else in technical analysis, the higher time-frame a signal is the more relevant it is.
Watch to see how price behaves as it comes up against this current arc.
If 1) it it starts to fail, then expect a dump at least to 570 possibly down to 400-ish. Then when price finally breaks out of the arc start hunting longs.
If 2) price consolidates quickly at the arc boundary then breaks out, or simply ignores this arc and continues to rally, then consider this arc "skipped" and follow the strategy set out by my previous post (link below). Price will likely rally all the way to the next arc around 2000-ish area before correcting.(Zoom out and scroll up on this chart to see this area).
My personal opinion is scenario 1 is more likely. But as my dear friend and trading mentor, Brian from the therationalinvestor.co, says " Opinions are worthless. All you have is your set-up."
Follow a time-tested set-up.
Of course, as with all things Gann, squaring your chart is the key to this whole thing.
See link below on how to do it manually.
Oil "Energy Model"This is a pretty simple model based on a Gann Square and concentric circles and squares. Price over time tends to move up or down 2 circles, or energy levels, before moving in the opposite direction.
Since price made a low near the point marked 0, we should expect that the oil price will generally move higher until the circle marked 2.
The parabola drawn was inspired from several sources, including Martin Armstrong. Price moved down fairly strongly once the peak of the parabola was passed.
It is possible that price may meet resistance at the green 2x1 line. In addition, price often moves in the opposite direction when crossing a square, so it is possible that price could retrace somewhat with the red 39 degree angle line below it acting as potential support.
Depending on how strong and steep the upward climb of price is, oil could move generally higher into 2017 and as late as 2018.
Gann Arcs as Shorting TargetsI have rather consistently found that when price rallies past an arc without correcting or consolidating inside it or immediately outside it for a length of time, price will continue to rally to the next arc, form a top there, then proceed to dump back down to test, at the very least, the top of the skipped arc.
Here, look for a top inside or immediately outside the dark blue arc, and a dump down to the top of the light-blue arc.
The key to the whole dang thing is properly squaring your chart.
Most people haven't a clue how to do that on tradingview. It must be done manually.
Check link below for info on how to do it.
But the best trading advice I could give you is to go and graduate therationalinvestor.co school.
I wish I had done it earlier.
NZDUSD time is running out!#NZDUSD still short kiwi @ 0.7180...... so my calculation are show a crossing point... if they are right kiwi should start selling.... today or tomorrow... time is running out!
but if it goes higher and takes out 0.7264 the forecast is void.... and the swing pivot high of 9-7-16 will be taken out and kiwi will go higher.... the waiting game begins
NZDUSD Forecast for week 10-16-16#NZDUSD If my calculation are correct kiwi will retrace now but will have a hard time around 10-20 and 21...
that is when I'am planning to short kiwi it could go as high as 0.7182ish.....
if the price action is right may even go long until we get close to the dates I have indicated....
Gann Analysis
Movement in the circlesGold has a tendency to display high volatility within certain areas that are a function of price and time.
The chart is made by only 2 points: The top and the first intermediate bottom.
Our current position show that we are on the outer band of a circle. Looking back at 2013, there were a significant volatility when entering the circle, dropping fiercly. The next circle provided us access to above the neutral line. Entering the third circle, where we are now, provided us a significant rally upwards where the bear market is said to be replaced by a bullmarket by some. What will the final outcome of this circle be as we approach the end?
A guessing or analytical competition for the last week in the current circle is welcomed.
NZDUSD taking half off @ the open#NZDUSD taking half off now at today open @ 0.7053.....kiwi could retrace to retest highs...
In a way its good cause you get to get in at a higher price to short..
but also it may not and continue going lower.... so I lower my SL just in case it want to retest high...
if my calculations are correct, if it does not make a new high before 10-27-16
the swing pivot high will be in @ 9-7-16 and I will with confident short the bounce....
then do some calculation to see how low the swing pivot low will go....
Gann Analysis
#NZDUSD Short Kiwi @ 0.7122#NZDUSD my calculation are telling me that a short term top is in place..... short @ 0.7122 / SL 0.7152
but I wont be surprised if it retraces now...... may want to retest the high again....
but if my calculation are correct it will have until 10-27-16.... that is the time range
Gann Analysis