Markets move because of the uncertainty of prices. If prices were definite and if everyone could predict the exact highs and lows of the market, then stock markets would not exist!
And regarding the square of nine excel sheets and websites - kindly avoid them. Why?
There is a definite relationship in between the prices and the time. This keeps on changing throughout the day. This is what which cause supports to become resistances / vice versa.
The square of nine calculator commonly found in the internet just considers the last traded price or VWAP. So where do we input the time factors?
Think about it. You will realize the underlying sincerity of this post. Trading is a risky business. Only those who spent their own share of time doing their homework will succeed in this venture. If you are looking for shortcuts to success, then thanks for your money! We need newer batches of fools to enter the markets everyday - it provides the liquidity apart from the usual gimmicks of the FIIs.
@santoshdts Murray is an interesting guy. He proclaims it is not necessary to include time while forecasting prices. Time is the only element which we can forecast accurately. Five minutes from now, I can say it will be 07:18 in India. Can you do that with the EURUSD pair? Or any other tradable commodity? Gann believed in equating time and the price - and then to take trading decisions. Perhaps, it is of no wonder that Murray needs 1000$ monthly subscription fee to support himself.
@nsrajput Gann, Murray, Bayer, (insert anyone's name who is in the business of forecasting the market) - all used Fibonacci series to reinvent the wheel. Heck even camarilla equations are biased on the value 27.5 which is the midpoint of 21 and 34 (two adjacent Fibonacci numbers).
And regarding the square of nine excel sheets and websites - kindly avoid them. Why?
There is a definite relationship in between the prices and the time. This keeps on changing throughout the day. This is what which cause supports to become resistances / vice versa.
The square of nine calculator commonly found in the internet just considers the last traded price or VWAP. So where do we input the time factors?
Think about it. You will realize the underlying sincerity of this post. Trading is a risky business. Only those who spent their own share of time doing their homework will succeed in this venture. If you are looking for shortcuts to success, then thanks for your money! We need newer batches of fools to enter the markets everyday - it provides the liquidity apart from the usual gimmicks of the FIIs.
@santoshdts Murray is an interesting guy. He proclaims it is not necessary to include time while forecasting prices. Time is the only element which we can forecast accurately. Five minutes from now, I can say it will be 07:18 in India. Can you do that with the EURUSD pair? Or any other tradable commodity? Gann believed in equating time and the price - and then to take trading decisions. Perhaps, it is of no wonder that Murray needs 1000$ monthly subscription fee to support himself.
@nsrajput Gann, Murray, Bayer, (insert anyone's name who is in the business of forecasting the market) - all used Fibonacci series to reinvent the wheel. Heck even camarilla equations are biased on the value 27.5 which is the midpoint of 21 and 34 (two adjacent Fibonacci numbers).
