That 90 degree level is a good support at the moment, but the price is still in a weak position in relation to time ( see the red equilibrium line) meaning that the price is lagging behind its time factor and at some point she will go back and will ...

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You are right in your observation and depending on the broker’s time we all get different reading on H4. The best way to sort this out is to find a broker with GMT settings because this would guarantee you that your H4 reading is in line with the ...

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I’ve just had a very brief look at the book about The Quarters theory and my initial impression is that the author has applied some of Gann’s theory to FX trading. Gann divides the whole into quarters and eights and turns them into degrees of the ...

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I’ve never looked at that… could be the reason why 1.36xx is so chewy

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I was thinking about the same entry as you (if you have a look on my chart, this this is 90 degrees or ¼ of the previous swing). Sometimes when the move is strong in one direction, a pullback of 90 degrees (25%) is all she does before shooting up in ...

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Morning all. GU buy pending orders

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As it stands at the moment, I’ll wait for a long entry around 1.3594- 1.3586 (basically around the 50% or 180 degrees pullback of the current swing) . In case GU moves higher before NY close or during the Asian session, then this setup would change ...

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Yep, all good. I try to avoid leaving open positions overnight. I just can’t sleep comfortably and the worst feeling is when I wake up and see that the stop has been hit. Apart from that Gann is quite a broad subject. I'm learning slowly and it is ...

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Sleeping and making money… you can’t beat that lol. In the words of Warren Buffett, if you don’t find a way to make money while you are sleeping, you’ll have to work all your life.

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This is the masterpiece created by Gann around 1910 I think. The tricky bit is learning how to read it though. I hope you’re able to open and see it clearly.

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The first blue line is the beginning of the price /time square, the middle is 50% of the time allocated to movement in this square. The last blue vertical line is where the square finishes and the time cycle for the move theoretically expires. All ...

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Today’s ADR is 77.6 and it ends up at 1.3638. I miscalculated it earlier by 10 pip and that’s why it shows 1.3648. GU is getting very slow atm and it might get there by NY close, but I do not want to wait any longer. I’m waiting for a new setup, ...

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The long GU move lost power after London closed, all longs are closed now.

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GU Target set

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She's been like a yo-yo recently, I agree

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The current bull move is pretty strong and GU has moved ½ of the price range in ¼ of the time range. I’m happy to stay in the long trade. The bulls are really keen and she’ll go higher towards 1.365x

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I burned my fingers yesterday attempting to short GU around 1.36. Today’s aggressive breakout at LO makes me think that 1.37 is on the cards. I expect HH on the D1 tomorrow as well. The bulls are not done yet. I'll stick to my longs IMO

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GU long entry, targeting the beginning of the M5 compression and above… 1.3650

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Closed with 9 pip profit, now waiting LO

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GU quick buy scalp until LO and then will try to work out what the main move of the day will be.

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