Articles for: Gann Analysis

The strong Australian Dollar seems to be common knowledge wherever I go. Everyone is talking about the magic word “parity” and wondering when the value of the Australian Dollar will exceed the value of the US Dollar.

It always amazes me when people tell me that techniques are too simple to work. I’m not pointing the finger here, I have done exactly the same thing myself. For example, take Gann’s rule of markets moving in equal sections.

When last we looked at Santos I left you with a little challenge to spot why I wouldn’t take an ABC short trade that was signalled on Tuesday 1 December. How did you go? It’s not too late to go and have a look now before you read on. The simple reason was that Point B, which occurred on 27 November, sat on the 50% level of a major range. To find this we look at the Weekly Chart, as follows.

Firstly I’d like to wish all of our Trading Tutors Newsletter Readers a very Happy New Year, with an abundance of good times, good memories and good trades for 2010!