• 4 months ago
Gann Class
Transcript
00:00And we have the trade-in and out position to add to our profits.
00:05The call position is a simple enough concept, but there are a lot of variations that we
00:10can get into with the add-on positions.
00:15The add-on positions should always maintain the key logic of buying a pullback on a measured
00:20move.
00:22The kind of variations you can use on the pullback buy is buying at the first minimum
00:28pullback level, holding on and then buying again on the second pullback level.
00:36If the market is in a range and it's quiet, you have to look at your profit takes in that
00:41light.
00:42If the market is active, you want to increase your profit takes to take advantage of this.
00:49Variations on profit take ideas could be a measured profit take move, an exit pattern
00:55or a trailing stop.
00:57There will be certain times of the year when your profitability increases also, as the
01:03market range increases and you can recognise the situation and hold on to positions rather
01:09than taking the profits so quickly.
01:13Pyramiding into fast markets is where Gan really made his money quickly.
01:18In fast markets you're going to have to monitor the market intraday, put your orders in to
01:22buy on the pullback on the minimum retracement level.
01:27Often you get these stair-step markets, buying on the pullback and then selling on the next
01:33up-step works quite well.
01:36It's easy enough to recognise when you're in a fast market, all you have to do is remember
01:41that the trend really is your friend and just trade in the direction of the timing cycle.
01:50This video has just about everything.