victortrend wrote: Tue Oct 01, 2024 3:15 am
Forgive my ignorance, but what is Legacy of Gann?
An indicator that was introduced by BeatlemaniaSA if I remember correctly.
The Legacy of Gann indicator in MetaTrader 4 is based on the trading methods of W.D. Gann, who believed that markets move in predictable cycles related to time and price. The indicator uses tools like grids to help identify key support, resistance levels, and possible market turning points.
It’s considered effective because it provides clear entry and exit points, works across different markets, and is based on a well-respected, historically successful method.
About W.D. Gann:
One of his well-known successes was his prediction of a major bull market in cotton in 1909, where he accurately forecasted the price movements months in advance. He also made long-term predictions for other commodities, stocks, and market indices. His methods, while controversial and complex, were based on mathematical and geometric principles that he claimed could forecast future price changes with remarkable accuracy.
(Mind Blown) Took it to the upside tho! The 2 trades from my last post and this one its only using the Bigger dots i removed the small ones since they make noise at least for me!