• 3 months ago
Gann Class
Transcript
00:00Now he did it. He was trading intraday and he would just be selling every rally in this downtrend
00:09and then buying in every dip in the uptrend. He was totally fearless and he made a lot of money.
00:15But I could never ever figure out which way the trend was.
00:19Was that little rally now the end of the trend or not? And this is the edge that the timing dates
00:27give you. We can say that yes the trend is still intact and so we're going to be selling rallies or
00:36buying dips whatever way the trend's going. This is a fantastic edge. It's much more relaxing.
00:43You don't have this problem all the time of worrying which way the trend's going
00:47and you really can get in the market flow. As I said before it's a simple method because it
00:54relies on the key thing which is finding a good timing date. Now all the other videos have
00:59established how to do this with an 85 percent success rate. Just as a recap we've got establish
01:06a timing date and once the date is confirmed only trade in the direction of the timing date.
01:12Now how we confirm it is we actually let the market give us a signal that it's okay. Before
01:18I'll trade the timing date I want to see it confirmed by the market. If it's a high I want
01:24to see that low of the high day taken out. Then I will switch into the short side.
01:31If it's not taken out I go into a neutral mode. If for instance I clear a position on the timing date
01:39and it doesn't have any effect on the market. I'll give an example. It's going up. I've been in it.
01:46I close the trade on my timing date and the market keeps going up. After a certain point it's quite