Amit Ghosh Unofficed.com The Gann Square of 9 is a game-changer.
Developed by the legendary trader W.D.
Gann in the early 1900s, this tool has stood the test of time and remains an essential part of traders’ arsenal.
The Gann Square of 9 serves as a powerful
calculator which calculates hidden support and resistance levels.
Gann Forecasting Methods
Although Gann developed this strategy, he never traded using this strategy alone. If you use just this strategy alone, You will not be profitable.
We will do and discuss how to do an
extensive back-test on the theory of Gann Square of 9 to mathematically validate our above statement.
Gann Forecasting Methods
Gann Square of 9
= Gann’s Pyramid Trading Method
= Gann Wheel Method
Gann Forecasting Methods
But, Why Pyramid?
It is said that Gann got the idea of
this method while traveling in Egypt. Imagine Looking at the Pyramid from the upside! In the left side image, look at the number in the center. Can you see the number 1?
The Gann Square of 9 starts with a number in
the center and then grows outward in a spiral shape. It's like a pyramid that gets wider with each layer.
So, the number in the center which is 1 is the
apex of the pyramid and it is growing away outward from the base in a spiral shape. It is a no-brainer that because of the spiral pattern, it is also called as Gann Wheel Strategy! So far, You have learnt -
1. The Gann Square of 9 is a powerful
trading tool developed by W.D. Gann. 2. It is also known as Gann's Pyramid Trading Method and Gann's Wheel Method. 3. The Gann Square of 9 is a tool that finds important support and resistance of the market. 4. Gann Square of 9 should not be used as a standalone trading strategy. Gann Forecasting Methods