Hi John,
have you ever tried to take an important high and low say the run up from 1970 to the 1973 high. take the points in that range and then divide the range by 12 and then take the 1/12 fractional amount and calculate Gann support and resistance levels?
I have seen stuff like that done in trading books, courses, etc. I haven't ever really worked with it myself, but I am familiar with the concept. Imo, babson lines are sort of similar to what you describe in that, you can make ratio divisions of the channel, but -like the fork- babson lines are created with 3 pivot points, not 2. I will have to play around with what you describe.
have you ever tried to take an important high and low say the run up from 1970 to the 1973 high. take the points in that range and then divide the range by 12 and then take the 1/12 fractional amount and calculate Gann support and resistance levels?
no, not specifically what you describe. I have looked at price time squares (aka gann boxes) extended forward. This is similar to the logic of the Murrey Math system. Basically, I played around with -what i thought were- important squares, and extended them forward, as needed, to show support and resistance. To be honest, I never found a satisfactory way to enter and exit trades using the squares, but that's just me. <g>
they can provide very interesting results. for support and resistance.
yes, they do. I have seen guys that integrate this kind of stuff with forks and other line studies. I guess in the end it's a matter of personal preference.
BTW. I checked my floppy disks with the long term bean prices and they
sadly were not readable, I was involved in the Sydney PC user group when I was working in Australia and a vendor gave us a "deal" on a case of 100 floppys that had defects in them. Several of us bought them and only realized later that we did not get such a good deal.
bummer..... such is life. I have a few more leads for some data. I know the places where I can buy it, but I am loath to shell out big money for past data. Now future data.... that's a different story. <g> I'm sure I can find what I need if I look hard enough. Talk to you later, take care
Regards,
Frank
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