Reply To: Hexagon Chart Price Target Lines

Optuma Forums Optuma Feature Requests Hexagon Chart Price Target Lines Reply To: Hexagon Chart Price Target Lines

#60259
AvatarJeremy
  • Topics: 1
  • Replies: 3
  • Posts: 4

As an example, see the attached image – this is from Gann’s trading in How To Make Profits In Commodities, Page 209.

In his Cotton sequence he quotes:
“December 4th, LOW 1250.”

I drop the last digit and just look at 125 on the Hexagon chart.

Then he quotes:
“September 8th, HIGH 2440. … This was the final grand rush and the market was up nine months from the December, 1926 LOW, and no reaction lasted more than two weeks.”

Again, if you drop the last digit, the Hexagon gives the exact target for the High.

There are many more examples of this in Gann’s work that I’ve discovered. So, I’m fairly certain he used this method in his trading.

Attachments:

Pin It on Pinterest

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close