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Thursday, June 19, 2008

Play With Gann, Fibo, and MACD

I couldn't wait until weekend to play with the Gann indicator;P I use 30 period in 1 hour chart. I really think it's a cool indicator. I add MACD and Fibonacci, and now I just open 4 positions: G/U, G/J, A/U, and N/U. All are long position and I entered after they break 100% Fibo level. The targets are 123.6% or the 161.8% level as shown on the chart below. Wish me luck!



Update:
I added long position on U/J. I already close all positions with 13 pips in total;P All positions didn't reach the target. MACD has crossed down except for U/J. I think those pairs are still far from reversing so I expect further move upside. Have a nice day all.

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