the DNA is the initial impulse move

the DNA of any move in a liquid asset is the initial impulse move off of a low or a high.  In that, all else will take fold.

below we have a chart of the EURO w/ nothing on it…

EURO 30 minute chart

EURO 30 minute chart

 

here’s the four things we need to do to give birth to ALL of the trend lines on the EURO from the most recent low…

  • now, we draw a VECTOR (vectors have both a PRICE and a TIME) off the low into the first high.  that is the bold blue arrow and is the DNA
  • draw a 45 degree angle UP from that low point.  (the famous GANN 1×1) that is the bold  purple line
  • draw a 90 degree angle from the top of the blue arrow to connect to the purple line.  that is the light blue line …
  • draw a 26 1/4 degree line up from the low and, note, it intersects the square exactly in the middle.  That is the red line ..(the famous GANN 2×1)
  • now simply copy/paste these lines into the future to give rise to all future turns …

is it possible to trade every hit of these lines? I would submit “no” but perhaps someone out there or some computer program can … for me, they are simply a very powerful roadmap to follow.  I’ll look for a pattern and I have, in my head, “gates” or “intersections” to follow …

our “short zone” worked and we have had a very feeble 5 day rally … 1.3500 could have done it but I still “feel” a little higher might be in the cards.

hope you enjoyed

EURO angles

EURO angles

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