Forex encyclopedia

Psychology is the word (or notion), which dazzles and adds some mystique to the nature of people and their relationship with surrounding world. In different circumstances offered by Life itself a person intuitively takes the role that can expose him/her the most. For instance, during acquaintance a person tries to be polite and charming. But it is impossible to hide inherent features and interlocutor at the back of their mind catches that. Person is revealed thanks to glances, voice, gestures and many other things. Even following to a short talk everyone of us will evaluate another one unconsciously – pluses and minuses expressed in a simple form: if you like or not, wicked or kind-hearted...

William Delbert Gann considered that markets move in accordance with the laws of geometry. One of his major geometrical instruments was the line at an angle of 45º. He also use angles built on the basis of this line. The Gann line is also called a balance angle (1×1), in which one price range corresponds to one time period.