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what is gann angle? how it is used in making the day trading decission is explained in this e-book. simple procedure to make day trading is explained.
what is gann angle? how it is used in making the day trading decission is explained in this e-book. simple procedure to make day trading is explained.

Published by: soumya ranjan panda on Nov 26, 2010

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11/06/2013

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a higher price point and project towards the lower price point. This isthe mathematical logic available in origin shifting, parallel linealgorithm.Now the 11 sets of trend lines from a lower price point towards thehigher price point are as follows 1X1,1X2,2X1,1X3,3X1,1X4,4X1,1X8,8X1,1X16 and 16X1.The geometrical angle made by these trend lines with the X axis in an
up move
corresponding to
2X1= 63.75
degrees, 1X2= 26.25degrees, 1X1= 45 degrees, 1X3= 18.75 degrees, 3X1= 71.25degrees, 4X1= 75 degrees, 1X4= 15 degrees, 8X1= 82.5 degrees,1X8= 7.5 degrees, 1X16= 3.75 degrees, 16X1= 86.25 degrees.The geometrical angle made by these trend lines with the X axis in a
down move
corresponding to 1X2= 63.75 degrees,
2X1= 26.25
degrees,1X1= 45 degrees,3X1= 18.75 degrees,1X3= 71.25degrees,1X4= 75 degrees,4X1= 15 degrees, 1X8= 82.5degrees,8X1= 7.5 degrees, 16X1= 3.75 degrees,1X16= 86.25degrees.
Gann Formula for calculating the support and resistance:
In gann study the 180 degree is considered as factor 1. This isbecause between the sun rise to sun set the solar motion happensapproximately 180 degrees and it is considered as 1 day time.The 2
nd
universal concept accepted by the financial analysts is thatthe supports are always calculated in a falling trend and it used to becalculated from the high.The 3
rd
universal concept accepted by the financial analysts is thatthe resistances are always calculated in a falling trend and it used tobe calculated from the low.
Gann formula for calculating the support and resistance is asfollows:
a.Support = (square root of (high)- Degree factor)^2b.Resistance = (square root of (low) + Degree factor)^2
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Trading Rules as per gann and as modified by me (SoumyaRanjan Panda Author of this article)