sullivan
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Explain Gann’s concept of “percentage retracements.”
Explain Gann’s concept of “percentage retracements.” – percentage of the recent ascent/descent was determined to see the next decline – it is typically calculated when there is a higher than normal P&F or 2/3 (not sure of exact ratio) – often happens in uptrends (like the BTC and ETH big rally) – but should eventually find support – just lower… How does a “perfect” cycle actually look? – The chart I posted earlier is from 2000 until the current day – But let’s do a few more: – Top: I know we are more or less out of the mania of all the ETH and BTC uprisings that happened back then… I just want to point out that this chart looks exactly like the one I posted earlier – Bottom: Same as above, except BTC goes straight up in 2011 – From @stupidlyindie on discord: What is the ratio that we can expect to see in retracements? – It varies greatly, but it is calculated as 33% (1/3) for trendlines, 70% for consolidation, and 100% for breakouts – I think trendlines would be the most frequent – Consoliation would be after the large price surge… and then after a large retrace occurs, while the chart is still down, the price may actually rise again How do we determine where to buy/sell? The simple ratio is to buy if the ratio is positive, sell if it is negative. Obviously a more complex formula (like calculating Average True Range) is required to know if you are in the right time to buy. How do we determine where to buy/sell? The simple ratio is to buy if the ratio is positive, sell if it is negative.
Planetary Movements
Obviously a more complex formula (like calculating Average True Range) is required to know if you are in the right time to buy. True ratio is the same as the equation we learned a while back, except we add the retracement percent to it (because we want to know if the ratio is < 1).Explain Gann's concept of "percentage retracements." The percentage retracement is another important measure of relative support or resistance. Here, we can focus not on the line itself, but instead on the extremes on which a line lies. I use a pair of 10, 20, and 5-day momentum lines to determine the range of support/resistance that lies around a price area. In the case of the Web Site position in long-term price action, what supports price action is any area of lesser price, which is interpreted as being weak, and a great degree of negativity of the momentum line. The relative strength of the long position over the short term can be determined by how far the momentum line has fallen relative to its midpoint, which is shown as the 10 percentage retracement line. If the 10 percents on the longer of the two momentum lines are closer to the long position, the relative strength of the long position increases; that is, it is strong. Conversely, momentum lines that are closer to the short position indicate a weak position. In the example below, the 10-day momentum line is closer to the longer of the two momentum lines, and as a result, the absolute strength of the long position has increased: Figure 3. Long position: The 10-day momentum line of EUR-USD is making a higher 10 percents correction to the momentum line of the 20-day momentum line, indicating a stronger long position Figure 3. Long position: The line of 10-day momentum is fairly close to the trend line of 20-day momentum, indicating a strong and bullish relative long position Conversely, the reverse is true for the short position in the last chart.
Natural Squares
Relative to the short position, the momentum line of 5-days is closer to the line of 10-days, indicating a weak short position based on the five-day momentum. Figure 4. Short position: The line of 10-day momentum is closer to theExplain Gann’s concept of “percentage retracements.” How is this applied to bears? How can percentage retracements be used to determine a trend reversal? I could see using this method to indicate selling thrust. When can percentage retracements be positive? % price retracement can lead us to a positive reversal only at equal weekly periods Can the method you just used, be used for uptrend and the same for downtrend? I believe theoretically it should be but I have never used this concept personally. (I might investigate this in the future) Can percentage price retracement be used to indicate a buy or sell trigger in an established trend? Yes. Of course this is the same as saying a previous trend line. In your experiences, is using percentage retracements positive or negative in uptrends and downtrends? Does percentage rettracements and trend lines help to shorten entry setups (e.g. a two hour average move to $63.00 would move from $79.50 to 63). I have a hard time understanding what a “macro” “swing top” or “theory” or “trend” is supposed to mean.
Ephemeris
…this would help me in understanding what one of these means… A swing top would come from a number of high or low’s that is determined by an upward or downward exponential chart. A trend would be used when we are looking for both a higher low and high (in that high is sometimes over what it should be by normal standards, but it is always more than a traditional low), relative strength is part of it as well. The closer to the start of a trend, the higher likely it will be to occur and the later in the data, it will be more likely to occur if the trend does occur. Macro is a term for the big picture of times and what events may occur. It’s an assumption macro and
