Forex encyclopedia

Random article: Swing Forex
Gann often mentioned such number series as cardinals - 4, 8, 16, 36, 54, 144 and odd-numbered 3, 5, 9, 11, 13, 25, 49, 63 and 121. Price likes there numbers, stops near them and turns. If price took cardinals, entire swing structure will consist of this series. That is to say, if the first swing was 8 bars, correction will be 4 or 8, and whole cycle of swing will be at least 54 or 144 bars. As a rule, under momentum movement of price there is series of cardinals and under correction it is uneven, but exceptions may take place, when complex correction includes cardinals. When number series mix, there is a high probability that correction will be held for a long period of time and trading range must be found out with the help of swing. Each swing may consist of smaller swings, number of bars in them and total number of bars in entire structure matter, because point of reversal along the time axis depends on that. Many of you will be surprised that an exact reversal time can be calculated on the basis of swings.
Popular article: Square 4 (box)
Putting price and time zones on chart under W.D. Gann method is called “squaring”. The box can be built through squaring of both price and time. The best performing square is the square built according to Gann's arithmetic patterns. As per Gann methodology, box is a pattern chart. Those charts are called pattern charts, because for building them Gann takes a certain size along X and Y, size of charts is closely connected with Gann cycles. The most popular pattern charts are “Square 4”, “Square 144” and “Square 360” a full cycle. The number in name of chart means the number of periods as per price and time. There are a few ways of building those charts.
New in Encyclopedia
Picture of the day
Morning pages
Forex encyclopedia
Forex encyclopedia “Clever FX” is the unique service created by FreshForex to introduce world of Forex to traders. The main purpose is to share knowledge of experienced traders with novice traders in simple and convenient form. Every trader will be able to learn something new here. If you are a professional trader, we invite you to write an article for “Clever FX” and get reward. Let's write Forex history together!
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .