V.3:5 (177-183): Gann Lines and Angles by Robert Pardo
Product Description
Gann Lines and Angles
by Robert Pardo
"Integrated use of Gann Lines and Angles... appreciably enhances the accuracy of the identification and verification of potential turning points."
INTRODUCTION
Gann Lines and Gann Angles are technical charting methods for the projection of Forward Support and Resistance. This article will discuss these techniques, their applications, the concept of Forward Support and Resistance, and the Principle of Coincidence.
The projection of potential future turning points is one of the more interesting and rewarding applications of Forward Support and Resistance. This article will outline an integrated use of Gann Lines and Angles. This integration appreciably enhances the accuracy of the identification and verification of potential turning points. It is a good example of the "sum exceeding the parts." It is also an excellent illustration of the Principle of Coincidence.
THE MARGIN OF ERROR
Experience indicates that many traders are unaware of the LIMITATIONS of technical indicators and their applications. Most traders know the proper application of a particular method. However, most do not know how to determine at what point a method is being used beyond its inherent capabilities. The result of this is inaccurate and misleading trading information. Application of the Principle of Coincidence is one method that helps to reduce this effect.
"Integrated use of Gann Lines and Angles... appreciably enhances the accuracy of the identification and verification of potential turning points."
INTRODUCTION
Gann Lines and Gann Angles are technical charting methods for the projection of Forward Support and Resistance. This article will discuss these techniques, their applications, the concept of Forward Support and Resistance, and the Principle of Coincidence.
The projection of potential future turning points is one of the more interesting and rewarding applications of Forward Support and Resistance. This article will outline an integrated use of Gann Lines and Angles. This integration appreciably enhances the accuracy of the identification and verification of potential turning points. It is a good example of the "sum exceeding the parts." It is also an excellent illustration of the Principle of Coincidence.
THE MARGIN OF ERROR
Experience indicates that many traders are unaware of the LIMITATIONS of technical indicators and their applications. Most traders know the proper application of a particular method. However, most do not know how to determine at what point a method is being used beyond its inherent capabilities. The result of this is inaccurate and misleading trading information. Application of the Principle of Coincidence is one method that helps to reduce this effect.
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