Gann Angles - How To Use Gann Angles To Profit In Forex Trading

Gann angles were developed by William Delbert Gann (1878 - 1955), one of the most successful Forex and stock traders in history. Gann is not only famous for its highly profitable trading skills, but also for the accuracy of his predictions of financial markets.

Gann began trading stocks and commodities in 1902 and in 1908 moved to New York, where he opened his own brokerage firm. His first few years, but all were successful, and went into bankruptcy more than once. This forced him to look deeper into the market.

Gann is said to have made over 50 million U.S. dollars from Gann angles, which is the current conditions will be more than 500 million U.S. dollars. 50-odd years later, he retired in Florida, where he continued writing, teaching and analyzing the market until his death 1955th

Gann's own financial markets, predictions of the three main assumptions:

price, time and scope are only three factors to look at
Financial markets are cyclical
Financial markets are geometric in nature and functioning of the

Gann was a strong believer in the fact that human nature is constant in behavior, and thus studying the past can predict the future. Human behavior would then result in recurring patterns that could get out.

key theories of Gann angles are time and cost. All of Gann angles requires the same price and time intervals, so that always means the rise of 1x1 45-degree angle. Gann angles, the theory states that there is a perfect balance when prices rise or fall on the 45-degree angle toon time axis .

Gann angles are drawn to the significant highs and lows in the chart. 1x1 trend line indicates a strong bull market if prices are all over the 1x1 line, and conversely a strong bear market if all prices are below the line. Gann believed that the 1x1 line in a very strong support / resistance in the bull / bear market and when broken would indicate a trend. There are 9 significant Gann angles, with 1x1 angle as the most important.

Each of the nine Gann angles can provide support and resistance levels over the improvement. As noted, the trend is expected when the 1x1 Gann angle lines is interrupted. Prices should then be expected to fall to the next trend line. That is to say that once one corner penetrated, the market will fall / rise to the next Gann angle lines.