The 3,10,16 looks interesting. I am trying it on Nifty EOD charts and results are good to see. Can you suggest some more tutorial on the subject?

Regards

FWIW, I’m all about simplicity as well. I use candlesticks, volume and 2 MAs. Having too many indicators can definitely keep you out of good trades.

-DT

Thank you for reading! I’ve studied many of the indicators in depth and tested strategies related to them and have developed a feel for them, but ultimately, what works is the simple analytics – nothing magical. Trend, momentum, range/volatility, support/resistance, patterns, etc.

I once had 15 or so indicators and I wouldn’t take a signal until all of them (or most of them) lined up. Needless to say I didn’t trade much and when I did, sometimes I’d still get hit with a stop-loss.

Now, it’s back to simplicity.

I’m actually just learning about Gann myself, but it’s based on the concept of price times time (or price X time) to arrive at inflection or timing points for potential market turns. Some programs use Gann Angles, which are rays (trendlines) projected from a price peak that often provide support & resistance. I used this tool in my post:

http://blog.afraidtotrade.com/is-there-potential-support-for-gold-at-these-levels/

Otherwise, I haven’t really discussed Gann on the blog, but hope to incorporate discussion or charts using it.

Gann is a little mysterious and from what I can tell there’s not much information about his exact strategies out there, or if there is, it’s closely guarded or very expensive. There’s not even a lot of free sites that give much information at all about it.

I’ll be writing and incorporating more as I learn more so hopefully I’ll have a better answer in the future.

If anyone has any insights on Gann, or uses Gann Analysis extensively, please write/comment here and let us know.

I heard of it for a long time and read one book, however, I have no clue how to use it at all.

Thank you very much