Understanding Gann’s Angles with Probability – Brand New Technology

<p>Understanding Gann’s Angles with Probability – Brand New Technology </p>
<p>Gann’s Angles, aka Gann’s Fans, is popular trading concept. The idea behind Gann’s Angle is good. Gann Angles help us to measure the strength of trend based on these Angled lines. Gann’s Angle requires us to find the true 45 degree in our chart. However, in implementing the idea, there are some practical limitations. These practical limitations make it harder to use Gann’s Angle in our trading.</p>
<p>Let us try to understand what these limitations are in using Gann’s Angle in practice. Gann tried to equate price and time in 1 to 1 scale. In pursuing this idea, many of us can make some serious mistake. It is because price and time have different unit. In Forex market, price would be expressed as pips or points. In stock market, price would be expressed in US dollar or some other currency in the case of international stock market. The standard unit for time is second, minute, and hour. Probably this is clear to everyone.</p>