Gunn's method myforex

Market analysis requires time-tested tools that really help trade profitably on myforex. If you are in search of such, turn back on the back of the chair and make sure you are on the page of the simple training guide on the indicator Veer Gunn, who won the love of hundreds of traders.

 

Fan Gunn is on top of a top of indicators tracking the market situation. It includes a sequence of straight lines that are constructed at different angles with the base at the turning point. The final image resembles a fan, which gave the name to the indicator. When approaching them, Gunn fan line prices denote potential levels of support or resistance, telling you moments of the highest likelihood of reversal or market consolidation.

 

Forex 's impressive share of modern currency traders uses techniques developed in the twentieth century, a well-known trader, William Gunn. Many speculative trading professionals note the high efficiency of trade systems based on the Gunn method. But not everyone knows how to properly use the foundations of an outstanding mathematician, astrologer and trader in their weekly trading system process.

 

Essence of methods of Gunn

Of course, the full range of phenomenal possibilities, and most importantly their methods and methods are not revealed to this day. However, Gunn wrote quite a lot of literature with his calculations, theories, and methodologies that allowed for some technical postulates. Based on Gunn 's methods, several indicators have been designed, which are very popular today.

 

The Gunn method allows you to predict further price movements based on history, taking into account price, time and price position over time.

 

For someone, Gunn 's methods on myforex seem too complicated, for someone on the contrary, banically simple and underserved at first glance. But it is worth paying tribute, the inventor of the methods was able to show impressive results, and many modern traders also made good profits using Gunn 's strategies for Forex.

 

Lines

The simplest tool for working with price charts according to William Gunn 's method is a specialized line, which is represented by a simple but also very accurate method of determining the reference point in the direction. A simple line shows the position and accordingly the direction of the price - if quotations are drawn under the line, there is a bearish trend in the instrument, if the price is above the line, then there is a bullish trend in the market.

 

The Gunn line is designed to determine the long-term trend, and also serves as an effective inclined level of support - as practice shows, the line often cuts the price of correction and continuation of the trend.

 

At the same time, the trial of the line at a price testifies to a change of trend and a change of sentiment in the market. After such, it is usually necessary to look for a retest from Gunn 's line from the reverse side to enter in the direction of the breakdown.

 

Lines

The simplest tool for working with price charts according to William Gunn 's method is a specialized line, which is represented by a simple but also very accurate method of determining the reference point in the direction. A simple line shows the position and accordingly the direction of the price - if quotations are drawn under the line, there is a bearish trend in the instrument, if the price is above the line, then there is a bullish trend in the market.

 

The Gunn line is designed to determine the long-term trend, and also serves as an effective inclined level of support - as practice shows, the line often cuts the price of correction and continuation of the trend.

 

At the same time, the trial of the line at a price testifies to a change of trend and a change of sentiment in the market. After such, it is usually necessary to look for a retest from Gunn 's line from the reverse side to enter in the direction of the breakdown.

 

Many will certainly notice that Gunn 's line is very similar to the usual trend line. The line is also built by two points on a growing or falling wave, but unlike the standard line, Gunn 's level is built strictly at a 45 degree angle. Thus, the line conditionally breaks the coordinate axis of price and time in half and shows the conditional equilibrium of one from the other. Given Gunn 's theories of price versus time, this tool displays the basic methodology.

 

Set the line on two bases on a growing trend or on two vertices on a descending trend. With a high probability, the 3rd touch of the line by the price will also lead to a discharge in the already indicated direction. Thus, it is possible to enter the deal on withdrawal from the Gunn line and put a stop loss for 1 or the second point of line construction.

 

Fan Gunn or otherwise called Gunn angles is already a more progressive tool compared to lines and provides opportunities for interpretation. A weekly trading system tool is a bundle of ascending lines that are at a certain angular indentation from each other and aspire to infinity.

 

Each beam in a given instrument has its own construction angle and accordingly its purpose. The main line in this set is the center line, which is labeled 1x1 and corresponds to a standard line with an angle of 45 degrees. It is from this line most often there are cuts with continuation of trend, and after breakdown often the trend changes. Associated lines are needed to determine potential levels of resistance and support. For example, if a price breaks the 1x1 key level from top to bottom, the next support might be 1x2, where you should look for a possible entry point.

 

If with the symbols and priorities of angles more or less clear, here is the correct construction, interpretation and trade by fan many raise many questions. But in fact, everything is much easier than it seems. First of all, as with the Gunn line, it is necessary to find the base of the started trend - it should be one wave, a set with a rollback, respectively 2 points - the beginning of the wave and the second vertex or base depending on the direction of the trend. After selecting the tool, Fan Gunn in the indicator bar, pull the line from one point to another, so that line 1x1 becomes the guide of this trend. The price does not necessarily have to touch the line item to item. In technical analysis there is nothing accurate, so errors are permissible here. On this, Veer Gunn 's production is considered completed.

Variants of Gunn 's strategies for myforex using the fan exist a huge plethora. First of all, the reference point should be on the center line, and on additional ones you can put a stop loss, record part of the profit or be added to the position.

 

Gunn's grid

The third Gunn trading tool is the grid, which is also based on Gunn 's method regarding price-time dependence. The grid is the most ambiguous and rather contradictory, as well as in a certain measure a complex instrument. Therefore, beginners are not advised to use the grid, but to stop on lines or rays.

 

A grid is a collection of parallel lines directed to the left and right at an angle of 45 degrees. Thus, a plurality of intersecting lines form cells.

 

Gunn paid special attention to lines at an angle of 45 degrees, which was already clear after studying the two instruments. He believed that such a line was the strongest

The third Gunn trading tool is the grid, which is also based on Gunn 's method regarding price-time dependence. The grid is the most ambiguous and rather contradictory, as well as in a certain measure a complex instrument. Therefore, beginners are not advised to use the grid, but to stop on lines or rays.

 

A grid is a collection of parallel lines directed to the left and right at an angle of 45 degrees. Thus, a plurality of intersecting lines form cells.

 

Gunn paid special attention to lines at an angle of 45 degrees, which was already clear after studying the two instruments. He believed that such a line was the strongest level, because it was a point of contact between price and time and then prices would always strive for this equilibrium.

 

Using Gunn 's grid-based method, it is necessary to determine the trend taking into account the desire of the price. If the price tries to find a support from the line that goes up, then the next direction will be up. If the price goes more under the downward inclined line, the trend is to tend in the downward direction. At the point of intersection of lines there is most often a change of trends, so in such intersections it is possible to look for an entry point for removal.

 

The main difficulty in applying Gunn 's grid is that many do not understand how it needs to be set on a price chart. The tool has 3 points that change the direction and format of the shape. The first point is used to determine the outgoing point of the trend, so it must be set to the extremum from which the last wave began. The second point is used to specify the guide and move the grid. The third grid is used to set the scale and define the first cell - we set to the current maximum of the new wave. Thus, all three points must be located on the same wave and envelope it on different sides.

 

Trade on the Gunn using mesh is carried out by various methods. Some traders use rhombus faces as dynamic levels for scalping s forex trading strategy, while others trade taps from line crossing points.

 

Psychological theories of Gunn

Gunn 's forex methods also have works on myforex psychology and discipline, which will become an excellent motivating list of advice and a set of instructions for many modern traders. The main postulates on Gunn 's psychology are described in his book "Methods of Profitable Trading in Commodity Markets."

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