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Random article: Gann Line: trend line indicator

Gann Line is the trend line laid at the angle of 45°. This line is also called balance angle or “one-to-one”, which means that one price interval corresponds to one time interval. Gann stated that 45° angle finely demonstrates long-term line of the trend. Any cross of balance angle made by the price shows that trend stops (in other words, about correction) or about reversal of major tendency. When prices are above balance angle, it says about dominating of ascending tendency on the market, when prices are at the angle 1×1, the tendency is descending.

Popular article: How to trade the Forex market with best profit and often risk free

I have traded for five years. And have almost always lost. To say I have had no Luck is no lie. But that’s what makes me special. I never gave up. And through all the losses and pain I have become a better person and trader through the difficulty and by perseverance. I studied brilliant money management and Strategies which all work very well. I went on the worlds best courses and paid big money. There is a proverb: It says: “ why is there in the hand of a fool the purchase price of Wisdom when he has no heart for it.” I was the problem. Not the market. I was un-disciplined. I over leveraged. I got lazy and did not analyze sufficiently. And the main reason for that was that I got caught up inside the Old day trading scalping trap of trying to get involved in market movements that were not mature, ripe and well they just weren’t ready. I have learnt that to be successful in trading this market you need be patient. Waiting for a setup means the market will come to your entry and then you take the risk.

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