We all ken about W.D. Gann Grid Indicator, we can draw the grid on our meta trader chart as this implements is in build with meta trader. But today here we are going to verbalize about variant of Gann Grid which mostly W.D Gann utilized in his Master Charts. Calculation here is thoroughly different. The Grid lines here are the Price, time levels of the master charts.
With the Gann Intraday Pivot Indicator©, you can utilize this Gann Grid & Pivot lines for trading help. If you utilize this indicator with right direction & mundane sense then you will get prosperity with it. But if do any mistake or reluctant to follow indicator signal, then it will be a disaster! So it’s sapient to follow its graphical patterns smartly.
Gann Master Grid Consist of 3 Major Sections:
- · Horizontal Price Levels
- · Vertical Time Levels
- · Diagonals Price & Time Levels ( Bullish & Bearish)
Also there is a conjunction point, where price & time both connects with each other.
This indicator is the all in all which covers entry, exit, trail stop & trend most importantly which is the Basic essence of trading.
Determine Trend Like Set In Stone:
With this indicator trend is actually works like point to point system. For example, Price is up from X level, means as long as price is up from X level it is bullish; if it price goes below X level it is bearish now.
Here we can decide the trend efficiently & effectively with the Diagonal Trend lines.
In the picture above, is the GBPJPY Intraday Minute chart. From A to B & C to D is the bullish channel, bullish Diagonals lines. Market stays inside it, so if you enter from day open or anywhere around the A level & you keep trailing your stops with the A to B Bullish Grid lines, then you make money safe & sound. With this chart at least 35 pips.
At point B you can close your position & later you can add new buy position when it keep riding above the pivot lines & bullish diagonal lines. Then again close it at F position as price goes below the bullish diagonal lines. Then later you can add buy position again from point G old Pivot levels. Here at least 12 pips. From C to E more 30 pips.
There was another good buy trade little below the E point where price was Rejecting another bullish lines that was sweet spot with low risk. With Grid you need to find spots like this. Here more 27 pips.
So Total: 35+12+30+27 = 104 pips from one pair scalping.
Rules are very simple you will buy above or at the bullish grid lines if it shows any confirmation or you will sell below the bearish grid lines if it shows confirmation & keep trailing position as long as it goes. Just follow the price & time point to point.
More Information about this indicator is available at the Indicator Page.