• 3 months ago
Gann Class
Transcript
00:00There weren't much if you traded the breakout here, reverse it, there's a pullback here,
00:11you get your minimum trade, you take a fixed profit and then you close out your core position
00:17on this cycle day on the 13th.
00:23You can then enter the market on the break of the high of the cycle day, always looking
00:31to buy your pullbacks, in this case because the trend is up, so you've got your minimum
00:39here plus you would have got your second level entry as well.
00:49This day was another cycle day, so you close out your core position and you place an entry
00:56underneath, there was no entry hit.
01:03This is your next cycle day, you place a stop to enter above that, which you do.
01:09Now here's an observation, this market was very quiet and it took out the low of this
01:16day, of the cycle day, but only by a fraction.
01:20That's why I leave a bit of room underneath the cycle day for my stop, you sometimes get
01:25a double low or something like that, the first cycle day was right on, the next one just
01:31takes it out by a fraction.
01:34So you're long again and you've got your core position.
01:37Now the market is going into a fast market, you've got expansion bars here, so you're
01:43adding on entry day on your minimum pullback.