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Gann stated in his notes concerning continuous learning.
His techniques were based on Natural Laws, not indicators.
Since the increase of computers, programmers began "rolling off the mathematics"into software programs.
Gann did not use speed lines nor Gann Fan Angles alone.
He suggested harnessing them to other factors, but never alone.
Gann instituted squares of time and prices from tops and bottoms on monthly and daily charts.
Square of 12, 24, 51, 78, 144 along the lines of Wheel of 24, 78, 144. Gann was taken by following a trend and when to enter a market and re-enter if he missed the initial entry. Gann narrowed directional bias and the retracements in relationship to 8ths of 360 degrees or 30 degrees of a circle of time.
He combined the data from the Squares of time and wheels of time and price...to the Gann Angles.
He sought confluence based on his data. Gann was able to accurately monitor price and time readily.
Gann techniques were not designed for scalping or short term 15 minute trades.
Every trader is seeking understanding and we all start somewhere...thus thread like this and others.
In the opening post of the thread I posted:
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"Cavet: Gann set certain relationships between the number of grid units of time to price. Most of the examples I have found are in relation to daily charts or longer. In his day an intraday chart would have to have intraday prices via a ticker tape and making the chart would be very difficult and time consuming.
In electronic charts the relationship between horizontal and vertical is fungible. I have notice that NT speed lines cross a horizontal at one time at a certain compression of the time axis and at another at a different level - even though the speed line should adjust and give the same result.
Therefore testing the speed lines on an electronic chart would, I believe, require creating lines with a computation and drawing an line segment or ray manually."
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Perhaps you did not read the first post.
Post of your post is already covered and in some fashion I feel you are posting only to incorrectly "correct me". If I start a thread and the only input is to "take me to school" what value is there?
I have read extensively on Gann and perhaps know even more than yourself. Of course Gann didn't use indicators - that is a statement of such obviousness as to be silly - there wasn't even electronic hand calculators - try doing a stochastic with pencil and paper! (you would have 5 bars calculated and the day would be over!
I have not used indicators.
A fan is a drawing tool not an indicator. Gann did draw fans on his charts. Gann drew his charts by hand. Have you (I mean you yourself) ever hand-drawn an intraday chart? I have. It takes time!
The reality is that daily charts and longer are of no help to day trader. (except on one day every few weeks or so at a swing turn )
Here the challenge I pose to you, start a thread and:
Take Gann's techniques and develop a new technique that makes use of price&time relationships to predict each turn of 6pt swings in the ES in the RTH with great precision by either price, time or both.