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Improve Your Trading With Gann Fans
Thursday, June 1, 2017
Expert: Barry Norman Hosted by: ADS Securities London- Forex
- CFD
- Technical Analysis
- Beginners
- Intermediate
Gann fans can help traders be more sense in chaotic, fast-moving online financial markets. Best of all, they’re easy to understand and simple to set up and use. Gann found that if a trend is upward and price stays within the area above the ascending angle without breaching it, it indicates that the market is strong. And, during a downtrend, if the price stays under the descending triangle without breaching it, the market price will weaken.
The prime concept of Gann angles is that past, present and future price characteristics are all represented within the same angle. When the trading system detects that a price reaches the appropriate point on the subject angle, a trade is signaled.
The most well-known Gann indicator is the Gann Fan. This charting tool is based on a series of diagonal trend lines, which are inclined or declined at different angles. To build the Gann Fan you would start by spotting a trend. Draw the angled trend line and the drawing tool will populate the various angled lines which could act as future support and resistance areas.
Barry Norman
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was award the title of “Best Education in Europe” by Global Banking & Finance.
Barry is also a presenter for the MoneyShow and many well-known news sources.
The prime concept of Gann angles is that past, present and future price characteristics are all represented within the same angle. When the trading system detects that a price reaches the appropriate point on the subject angle, a trade is signaled.
The most well-known Gann indicator is the Gann Fan. This charting tool is based on a series of diagonal trend lines, which are inclined or declined at different angles. To build the Gann Fan you would start by spotting a trend. Draw the angled trend line and the drawing tool will populate the various angled lines which could act as future support and resistance areas.
Barry Norman
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was award the title of “Best Education in Europe” by Global Banking & Finance.
Barry is also a presenter for the MoneyShow and many well-known news sources.