Forex encyclopedia

It only takes one bad decision to cost you the hard earned efforts. In trading there are no shortcuts. I believe the best way to trade is to take a long term position that will give you the maximum return with the least risk. It’s really that simple. The way to take this journey is being a good navigator. Chart your journey navigated your course, be certain on critical areas like support and resistance. Simplify and simplify again. Get rid of all unnecessary distractions. Only use the most important indicators and get rid of everything else. Then you can drive to your destination and sail the Charts like a navigator or sailor who casually knows the sea and that his course is set, he has peace and is not worried at all. Even if it comes back he know that, so he has that planned too.

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.