Have You Ever Heard Of The GANN Trading Method?

gann-mt4-indicator-lose

GANN (W. D. Gann the legendary Financial Prophet in the Early Twenties) is one of the most famous trading methods used by old school traders. This trading method is based on very complex cycles and theories. Google GANN numbers, or the GANN trading method for a deep dive. Now lets look at some basic patterns. Some basics: In numerology you want to find the number vibration by adding up the digits to bring it down to a single digit. For example if you have the number 2417 you ... Continue reading

How To Draw Fibonacci Retracement And Extension Levels

fibonacci-extension

There are tens of Fibonacci indicator utility methods to trade at the stock market with. This post is not up and down the Fibonacci, but about the genuine, core, original method Fibonacci levels are drawn after. Number of traders does not know how to correctly use Fibonacci tool as they can’t make difference between Fibonacci retracement and Fibonacci extensions levels. Not nice to hear as this method is found in the very foundations of technical analysis itself. How To ... Continue reading

A Confirmation Candle is The Only Right Way To Open A Position

Trendline Confirmation Candle

This is a problem I often dealt with as a starter. While I was reading through forums, I have noticed that most of the starters, including myself back then, have troubles with opening position properly. Most of the strategies alert you once the price hits the spot for opening a position. With an indicator it’s the same story. You get the alert but you still don’t know when exactly the right moment is?! Price reaches the spot where you are supposed to open position, but after ... Continue reading