One way of trading that is often overlooked by many traders, is trading price and time. This method of trading forecasts potential turning points in the markets. Two types of trading methods related to price and time are Fibonacci and the Gann Square of Nine.
Both these methods will allow you to find potential reversal points by both the price of the market and the date.
For Fibonacci, we take the previous high and low that stands out, as well as their respective dates. We then calculate the potential turning points by using Fibonacci ratios like .382, .50 and .618. Lets suppose we are looking at a market that had a low of 300 and a high of 400. The low was made on January 1st and the high was made on June 30th. We take the difference in the prices and the dates and multiply them by the ratios mentioned.
For the price, we subtract 400 300 = 100. We then multiply 100 by the ratios and subtract them from the second number which is 400.
So 100 * .50 = 50. 400 50 = 350. The .50 ratio gives us a reversal point of 350. Do the same for the .382 and .618 ratios.
100 * .382 = 38.20. 400 38.20 = 361.80.
100 * .618 = 61.80. 400- 61.80 =...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
