Thursday, March 15, 2012 12:31:19 AM
Gann's Square of Price and Time
Gann commented that when price and time square change is inevitable. So geometrically speaking that is a 45 degree angle much like the pitch of a roof. Roof pitches are calculated as rise over run as in 8 inches of rise per 12 inches of run being a 8 in 12 pitch. I won't go into details about the whole equilibrium thing or harmonics because this is another investigation but just to illustrate this I went back on the AU chart to a week or so ago and checked out this steep drop. I remember this point was a .707 because Pennies and I posted about it.
So I drew the angle initially on a chart using the trendline by angle tool and didn't really get anything that made sense or that would result in a 45 degree variation (like 22.5 or 11.25 etc). Then I changed my chart to a 1:1 perspective and it made sense. That .707 there was the inverse of 1.414 (the square root of 2 which you see in the back leg of the Gartley) PLUS it was at a perfect 45 degree angle. Taking the top red line as 360 and the vertical heavy red line as 270, the perfect 45 was at 315 (halfway between the two) as you can see in the picture.
I would say if you're looking for pure/exact entries and exits then back out to a 1:1 chart especially with something like Gann or harmonics because the compression in a stock MT4 chart throws off the angles and relationships and these are very important! Either that or use a spreadsheet, big chief tablet and pencil, calculator, etc because price and time in the proper relationships looks very important to me based on this one example.
Hope this all makes sense!
Gann commented that when price and time square change is inevitable. So geometrically speaking that is a 45 degree angle much like the pitch of a roof. Roof pitches are calculated as rise over run as in 8 inches of rise per 12 inches of run being a 8 in 12 pitch. I won't go into details about the whole equilibrium thing or harmonics because this is another investigation but just to illustrate this I went back on the AU chart to a week or so ago and checked out this steep drop. I remember this point was a .707 because Pennies and I posted about it.
So I drew the angle initially on a chart using the trendline by angle tool and didn't really get anything that made sense or that would result in a 45 degree variation (like 22.5 or 11.25 etc). Then I changed my chart to a 1:1 perspective and it made sense. That .707 there was the inverse of 1.414 (the square root of 2 which you see in the back leg of the Gartley) PLUS it was at a perfect 45 degree angle. Taking the top red line as 360 and the vertical heavy red line as 270, the perfect 45 was at 315 (halfway between the two) as you can see in the picture.
I would say if you're looking for pure/exact entries and exits then back out to a 1:1 chart especially with something like Gann or harmonics because the compression in a stock MT4 chart throws off the angles and relationships and these are very important! Either that or use a spreadsheet, big chief tablet and pencil, calculator, etc because price and time in the proper relationships looks very important to me based on this one example.
Hope this all makes sense!
the government cannot give anything to anyone -- that they have not first taken away from someone else.
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