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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Eric P who wrote (14211)	9/22/2001 3:35:54 PM
From: TraderAlan	Read Replies (1) \| Respond to of 18137

Eric, <Gann Angles rely on geometric angles for support and resistance on a price chart> That's a misconception. Gann Angles rely on the rise:run of a chart. It is associated with the 45 degree angle because Gann used a square piece of paper with an equal x and y-axis. Most charting packages with Gann let you set the rise:run to 1:1. The resulting lines adjust to this relationship although they will phase out of 45 degrees, depending on your screen view. Alan

To: Eric P who wrote (14211)	9/23/2001 12:12:01 AM
From: dunlurkin	Respond to of 18137

It is a common fallacious belief that Gann angles are based strictly on geometric angles. Gann used square graph paper, and referred to his angles as 1x1,1x2, 2x1 etc. The 1x1, on a square scale, resulted in a 45 degree angle. It always rises or falls at a rate of 1 unit per period. Changing the scale of the chart will have no effect on where the lines fall on the chart in terms of price and time, if the chart is properly drawn. (edit: didn't see Alans response until later)