Introduction to Gann Squares
This week I wanted to share with you a video from the recent MTA Symposium at the NYSE where I gave a very short presentation on Gann Squares. I’ve always loved working with Gann Squares as the whole concept of relating time and price just does not seem logical, but it happens time and time again.
Gann Squares can be a great aid in giving you a statistical expectation of what the market is going to do. If you are considering adding Gann Squares to your trading there is a point in the presentation which I think needs to be reiterated, that is don’t throw away what is working.
A quick warning: The video quality is not what we would have liked, but we believe that the material is still of enough benefit to be released.
ADDED 27th October 2011
As soon as I put this square on I knew it was significant by the way the lines were being respected and how the midpoint of the square caused an aggressive move in the market. The square told us that the 27th October would also be significant, and we knew that more than a month in advance. Well, the following chart is now showing what happened last night on the S&P.
The Gann Squares are amazing, a very small amount of effort and we have such a powerful date marked off in the future. The thing I have learned is that the more significant the starting point, the more powerful are the dates that it relates to.