FrankBirch
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Hi to all,
Using the floor pivot calculation of the previous days price O,H,L,C then using percent values instead.
We are able to then work in say 8ths or 12.50% I prefer 0.25% values like Gann did.
Then we can plot from say 0.25% up to 10% in increments of 0.25%.
Trading the FX market on a 15 minute time its pretty cool how price does react around percent values more so than the old way.
Just using the CCI with a low period setting (faster reaction) reversals look sharp and clean.
You can even use these levels once entered as profit targets.
Also pay attention to the width between the levels, when they are tight we are more than often trading a trend and when wide apart reversals are the order of the day.
I've attached charts of todays FX majors 🙂
Regards
Frank Birch
Using the floor pivot calculation of the previous days price O,H,L,C then using percent values instead.
We are able to then work in say 8ths or 12.50% I prefer 0.25% values like Gann did.
Then we can plot from say 0.25% up to 10% in increments of 0.25%.
Trading the FX market on a 15 minute time its pretty cool how price does react around percent values more so than the old way.
Just using the CCI with a low period setting (faster reaction) reversals look sharp and clean.
You can even use these levels once entered as profit targets.
Also pay attention to the width between the levels, when they are tight we are more than often trading a trend and when wide apart reversals are the order of the day.
I've attached charts of todays FX majors 🙂
Regards
Frank Birch
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