My Video 9

  • last month
Gann Class
Transcript
00:00The system in its essence is simple.
00:03We take a timing date and this gives us the traders edge, and then we trade only in the
00:08direction of the timing date.
00:11I'll give you the logic of the system and then you can apply it to any market.
00:16Specific numbers quickly become outdated as the ranges change.
00:20The kind of numbers that I could give you today will be totally meaningless next year
00:24or in 10 years, but the logic will still apply so you can just keep adapting it to suit
00:29yourself.
00:32This is an outline of the method.
00:35You have your timing date which gives you the edge.
00:38You trade only in the direction of the timing date.
00:42For instance, the timing date was a low, so you only look to buy until the next timing
00:48date.
00:51You add to your position by buying on pullbacks of a measured amount.
00:57For each market you have three measured moves.
01:01One is the minimum where you always get a fill.
01:06The second is where it pulls back to the maximum that you normally could get.
01:11Thirdly is the stop loss area.
01:16On the timing date you initiate a call position.
01:20You'll keep this call position until the next timing date or if you have stopped out.
01:27The second position you take on a pullback against the trend.
01:31Example, the euro pullback at the moment, minimum pullback is 80 pips.
01:37So the market's been going up and it pulls back 80 pips.
01:40I buy.
01:43I then take a profit on this position on a measured move up.
01:48This is a simple outline.
01:50We have the call position which you keep on.