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Thread: Gann trading - market turns timing - price projection

  1. #141
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    Sure, post away

    Here is one of mine on AUDUSD short.
    1st part was closed at +70 pips, 2nd part at 140 pips. Price didn't touch 66.6% level so I moved EP to a few pips below entry. This particular trade was opened according to Gann Selling Point #1:
    SELL at OLD TOPS or OLD BOTTOMS. An important point to sell
    out longs and sell short is at OLD TOPS or when wheat or commodities rally to OLD
    BOTTOMS the first, second, or third time...

    Since I managed to enter at around 7% expansion my original stop was only 25 pips.
    Instead of 50% expansion being my 1st target I decided to take 2,5:1 R:R ratio on 1st part, and 50% expansion as 2nd target, which has given me 5,5:1 R:R ratio on. Last 3rd is still running and the way it is looking it my be halted at protective stop.
    Either way it is a nice little trade.

    Gann trading - market turns timing - price projection-aussie.jpg
    Last edited by firesword; 11-13-2015 at 12:14 PM.

  2. #142
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    Possible USDJPY setup for next week.
    Gann trading - market turns timing - price projection-dollaryen.jpg

  3. #143
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    Hi Firesword,
    What do you think about this one?

    Gann trading - market turns timing - price projection-2015-11-13_1553_audnzd_daily.jpg

  4. #144
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    Quote Originally Posted by mosah View Post
    Hi Firesword,
    What do you think about this one?

    Click image for larger version. 

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    Yes, it is looking like a nice setup forming.
    You've got a first higher swing high and low formed which is an indication of a possible trend change.
    Be mindful of resistance areas above as the price will look to bounce off of those areas.
    Another good indication of future strength will be at least a 100% repetition of previous run up. If the price pulls back before
    it gets to 100% expansion then you should be careful cause it may return and go lower again.
    As for now just come back to the chart every 4 or 8 hours and see how it develops.


    Gann trading - market turns timing - price projection-aussiekiwi.jpg
    Last edited by firesword; 11-13-2015 at 08:56 PM.

  5. #145
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    Another setup forming for next week.
    DAX daily pulling back towards 50% - 62.5% .
    Keep it on your watch list.

    Gann trading - market turns timing - price projection-dax.jpg

  6. #146
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    Quote Originally Posted by firesword View Post
    Yes, it is looking like a nice setup forming.
    You've got a first higher swing high and low formed which is an indication of a possible trend change.
    Be mindful of resistance areas above as the price will look to bounce off of those areas.
    Another good indication of future strength will be at least a 100% repetition of previous run up. If the price pulls back before
    it gets to 100% expansion then you should be careful cause it may return and go lower again.
    As for now just come back to the chart every 4 or 8 hours and see how it develops.


    Click image for larger version. 

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    Thanks for the comments

  7. #147
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    Hi Firesword,
    Here is another one.
    What do you think about it?

    Gann trading - market turns timing - price projection-2015-11-16_1818_cadchf_daily.png

  8. #148
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    Yes mosah, I've been following that one too.
    It has reached previous 100% expansion so it is dancing around now.
    We'll need to wait for a confirmed swing low to look for an entry.

    Gann trading - market turns timing - price projection-cadchf.jpg

  9. #149
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    Quote Originally Posted by firesword View Post
    Hi Firesword,
    In this this video you show the entry setup at minimum 50% retracement from the swing low to the swing high.
    How do we decide at which moment we enter the trade between 50% 75% retracement?
    Thanks
    momo

  10. #150
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    When price pulls back to 50% on daily, go to 4H chart and wait for a 4H swing high to form ( talking about long trade here)
    and place your pending buy above that 4H swing high.
    If the price keeps moving down making lower highs and lower lows
    you keep moving your pending order above next lower high on 4H chart till it gets triggered
    or till the price breaks point 1 in 1-2-3 setup. Then you would start looking at short setups
    because that would indicate change in the daily direction.
    Watch the video again and pay attention from the5th minute as I explain it there how I enter.

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