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SA TU RDA Y, A U G U ST 1 8 , 2 0 0 7
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A BOUT M E
4 XCYCL E TRA DE R
Next, find a high or low that you want to use as the zero point. For
V I EW M Y CO M P LET E P R O FI LE
this example, I'm using a EURUSD 30 minute chart and going all the
way back to 6-13-07 10:30. Price for the low is approx. 1.3261.
Because this is a low, I want to build the grid going up first.
The price needs to be converted to something useful. Because this is
intraday, I drop the decimimal. I then apply the handy price to
degrees formula to come up with the next higher 45 price level on
the Square of Nine. (In reality, Gann never called it the Square of
Nine. His Square of Nine was something entirely different.)
45 Price=((ConvertedPrice^0.5+DegreeFactor)^2)/10000
or
45 Price=((13261^0.5+.25)^2)/10000 = 1.3319
To figure the price level going down the formula is the same except
the Degree Factor is substracted instead of added:
45 Price=((ConvertedPrice^0.5-DegreeFactor)^2)/10000
The key component here is the .25. I want 45. 45 is 1/8 of the
circle or .25. 180 would be 1, 360 = 2, etc.
So now I have the price for 45. Next up is time. For this example I'm
using each bar as one degree. So I count out 45 bars and mark it with
personal mentors.
a verticle line. Now I have the start of price and time and the
termination of price and time for the MT4 Gann Grid tool. If your
chart has been squared, the Gann Grid tool should now form perfectly
square diaganols.
If you like doing the math, calculate the price levels up and down. I
don't so I just put horizontal lines at the intersections. Note that if
you don't square the chart, the intersection lines will shift in
horizontal scale and it will appear that the horizontal lines aren't
correct as the chart advances forward or back. They are correct, just
not in relevence to the messed up chart scaling. Time will always be
correct unless you don't count off your bars right when setting up the
first square.
For the time lines, I use the cycle tool and add in the time lines. I
also add one more instance of verticle cycles to mark off 360
degrees of time. In this example, I use red.
We now have 45 levels of price and time going out to infinity. The
first chart below shows the start. The second chart shows current
events. Notice how the levels are still relevent in both price and
time. The most recent division of time was Friday's high from the
move resulting from the Fed interest rate drop.
This type of chart is also called a Pyrapoint chart and you can read
about the Pyrapoint style of usage here:
http://www.ensignsoftware.com/help/pyrapoint.htm
P O S T ED B Y 4X CYCLET R A DER A T 10: 17 A M
LA B ELS : FO R EX G A NN EUR O P O UND G B P EUR
9 COM M EN TS :
4xCycleTrader said...
Edit: 45* is not 1/4 of the circle. It's 1/8.
A UG US T 1 8 , 2 0 0 7 A T 9 : 1 5 PM
Agama Buddha said...
hi can i know what the function of the red line?
M AY 19, 2008 AT 9:54 AM
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profy60 said...
http://ensign.editme.com/pyrapoint
BL OG A RCHIV E
right link
2012 (2)
O C T O BE R 2 4 , 2 0 0 9 A T 5 : 5 4 PM
2011 (6)
2010 (11)
Ricardo said...
2009 (4)
I have scale fix one to one but the screen look very strang.
2008 (13)
2007 (26)
JA NUA R Y 2 8 , 2 0 1 0 A T 1 0 : 4 8 PM
Unknown said...
Airquest said...
Another question, when I square time, do I have to count the
first bar as 1, so bar n 46 would have a line on it, or do I
have to count the first bar as 0, so next bar to have a line is
A UG US T 9 , 2 0 1 2 A T 3 : 4 0 PM
Airquest said...
This comment has been removed by the author.
A UG US T 9 , 2 0 1 2 A T 5 : 2 4 PM
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Airquest said...
Gann
Forex Volume
Why do you use a 200% scale (45 is 2x12.5% of 360) and not
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