how to calculate gann support and resistance levels
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Gann as primarily a trader know for his market forecasting abilities combining a mix of geometry, astrology and ancient math techniques. Gann started trading at the age of 24 and was religious by nature, reflected in some of his work. Gann was also a 33rd degree Freemason, to which some attribute his knowledge of ancient mathematics.
For the most part, Gann's works have been open to interpretation with many of his methods of trading being far from simple. Therefore, to trade based off Gann's methods requires some serious practice and significant effort on the part of the day trader.
Unlike trading with technical indicators where you can buy or sell when some variables are met, with Gann's methods trading is not as simple as it seems, despite the fact that many have attempted to simplify Gann's trading methods, which is debatable. To put some perspective, it is a lot easier for a complete beginner to trading to understand the concepts of trends and trade with moving averages than understanding the entire concept of Gann’s methods and putting it to the test in the markets.
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For the most part, Gann's works have been open to interpretation with many of his methods of trading being far from simple. Therefore, to trade based off Gann's methods requires some serious practice and significant effort on the part of the day trader.
Unlike trading with technical indicators where you can buy or sell when some variables are met, with Gann's methods trading is not as simple as it seems, despite the fact that many have attempted to simplify Gann's trading methods, which is debatable. To put some perspective, it is a lot easier for a complete beginner to trading to understand the concepts of trends and trade with moving averages than understanding the entire concept of Gann’s methods and putting it to the test in the markets.
Hope this question's answer are helpful
And press the point of thanks
And please bainalest
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