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[Mar20]

Gann Square of 9 is a technical analysis tool used in Forex trading to identify key levels of support and resistance. Here is a basic guide to using it:

1. Choose a time frame: The time frame you choose will depend on your trading style and goals. Popular time frames include daily, weekly, and monthly charts.
2. Draw the square: Draw a vertical line to represent the time axis, then draw horizontal lines to form a square.
3. Mark key dates: Mark the key dates that coincide with the intersections of the horizontal and vertical lines, and label them as 1, 2, 3, 4, etc.
4. Identify support and resistance: As price approaches a key date, it may find support or resistance at that level. If price breaks through a key level, it may signal a trend change.
5. Use in conjunction with other indicators: Gann Square of 9 can be used in conjunction with other technical analysis tools, such as moving averages and trend lines, to provide a more complete picture of market conditions.

Note: The Gann Square of 9 is just one tool in a trader's toolbox, and past performance is not indicative of future results. It's important to develop a solid trading plan and risk management strategy.

 

[Lens_]

Ichimoku cloud is characterized with complex lines or complicated lines and it's a tool that is used to carry out proper technical analysis. Basically, it a tool that is used to identify the potentials or opportunities in forex trading.

 

[Margery]

The essence of the method lies in the fact that on the basis of price dynamics, the historical price chart of the instrument is analyzed and geometric figures, such as squares and triangles, are built. Each figure corresponds to a certain time interval and price range, and represents a potential level of support or resistance.

 

[itkelvinagain]

In order to create a Gann square, one must first identify the market's origin and then use a special formula based on Gann's ideas to depict the graph's most important levels. Online calculators are widely available for producing Gann squares.

 

[Ming98]

It is based on the idea that price movements can be predicted using geometric angles. The Forex Gann Square is constructed by drawing a square with nine internal divisions, each representing a specific price level. The trader then uses these price levels to identify potential support and resistance levels. The Forex Gann Square can be used in conjunction with other technical indicators to make trading decisions. While it is not guaranteed to be accurate, it can be a useful tool for identifying potential entry and exit points.

 

[Wisdom01]

Having great forex skill is actually so important , you should understand the method and princples to adopt , using strategies would obviously help you trade better , you should understand when to apply the strategy at all time