Learn trading using Gann trading system
Gann's trading system is divided into two kinds
- identifying the market price and time trading based on geometrical, formation and angels
- determining the time trading and market price based on numbers, angels and geometric.
The differences between WD Gann trading system and other technical analysis
In WD Gann trading system we trade with harmonic patterns. For example, the market price 30 degree up from the last trading level, and will provide support and resistance levels. But in technical analysis we are using average number, indicators technical forex, trend lines, support and resistance, forex oscillator indicator and etc.
Gann trading system is the great foreign exchange trading system that made by W.D Gann. W.D Gann found that the numbers in the world is connected with other numbers with degree relationship.
There are trading rules that you should follow if you are using Gann trading system.
- Do not open a trading position in passive market, you should wait for active market
- If you have an open trading position and want to exit trading, find a good reason or good analysis for exit trading.
- Do not over trade, keep follow your trading plan
- Use a stop loss order for limit your trading risk
- Do not risk your money more than 5% in one trading position
- Set your target and follow it, do not be greedy
- Manage your trading risk equally in different tradings
- avoid limit order
- When unsure, you can exit trading, or do not entry or open trading position when in unsure
- Do not against the market trend
- Do not average your loss
- Do not taking small profits and large losses
- Reduce entry and exit trading too much
- Do not open trading position because the market price is high or low
- Do not remove your stop loss order
- Place your profits in a different account
- Do not trade to scalp profit
- Try to not making entry wrong and exit wrong, or making entry right and out wrong.
- Avoid open trading position after loss trading
- Do not trust 100% other trader advice
- Never guest in trading
- Do not change your trading position
- Don't ever hedge your losing position
- Do not exit trading because you have lost your patience
The Gann trading system that I want to share with you in this article is very interesting trading strategy. The basic strategy if Gann trading is flat trend is your friend. Let's start...
- First thing we should do is find the initial move of new trend.
Draw angels with: 1x1, 1x2, 1x3. First line drawn from the new trend
1x1
0 comments:
Post a Comment
IF YOU WANT TO KNOW ANYTHING about Forex trading system, Forex indicator, Expert Advisor, etc. and you want me to write about it - YOU CAN ASK ME using comment box.