Disclaimer

Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Wednesday, 6 March 2013

GANN SQUARE OF NINE

I continue to ask myself whether there is any need whatsoever to do any analysis at all to day trade outside of the very short term charts. This line of thought born out of the need to tighten trading triggers to the absolute tightest possible entries. Here is the calcs utilising the daily pivot only at 12.00am, at 1.40625 degrees. The Daily Pivot and Daily My-Wave provide underlying context to what is happening (going up, coming down or consolidating). The decision to buy or sell off the line of course is key but the stop loss levels need be no more than 2 or 3 pips plus spread for next line up or down returns. Just musing.
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