Gann Bar Counting
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- čas přidán 23. 04. 2022
- Special Video on Gann Bar Counting.
We go over the basic concepts, the bar descriptions, the formulas needed to code it and then we look at the current S&P market on a 5 min basis all the way up to the monthly to see what this method tells us about the structure.
This will change the way you look at markets - some things that used to see random will start to make sense.
$ESM2
The more I study your material the more things are clicking...it is incredible! Thank you, Thank you!
Glad it's clicking. It takes time to digest. We have a discord where you can get more exposure to the methods.
Here's a link good for the next 7 days:
discord.gg/TRewQZR6
Yep..I took part of the discord channel a few days ago ago through another video of yours. I am now working on the 1m scalping strategy on Nasdaq with 10ema filter and I found that incorporating the Gann counting is great especially to catch the 2 wave move reversal with RSI divergence. It allows me to stay longer in the trade rather than training trailing the S/L bar by bar. So I’m am incorporating the 2 methods on the 1m timeframe! Thanks again :)
Great video. I recently saw this Gann bar counting in a different video, but it wasn't explained as detailed as here. I also made the effort to develop a Trading View (TV) indicator drawing a zig zag line based on this concept. Now I need to add your ABC concept and then I should be able to backtest your strategy in TV. So thanks again!
This is great information, thank you for this video.
Thank you so much for sharing this! really appreciated.
Simple and easy to follow , thanks a lot.
Smashed the like button. Thank you for taking the time to make this valuable content.
Love the way you explain price action. Looking forward to your discord channel - at least crossing my fingers that it comes.
Thanks for the information
What a gift!
Fabulous thank you x
Again thank you 💪🏽💪🏽💪🏽
This was Great 🎉
Thank you for everything !!!!!!!!!!!!
You're very welcome!
thank you. maybe at 3:00-3:30 down bar should have High < High(-1)
Thank you QTE for this wonderful Tuto !
It's seems like there is an error in the Code View of the Gann Bar Counting at 3:04 .
Following your thoughts, the Code View of the Down Bar should be:
Lower < Low[-1] and High < High[-1]
Thank you a lot again !
What is Lower?
There are actually four more types of bars that are worth considering, because they influence price movement.
A bar that has a high above the previous bar would be an up bar, but if that bar closed below the high of the previous bar, that would be considered a failure of the upside continuation, and a possible reversal. The reverse would be true for a bar that had a lower low then the previous bar, but closed above the low of the previous bar.
This also applies to outside bars. I hope I'm making sense...
That makes sense. if you tested higher, but closed below the previous bar high - that is a failure, but confirmation would only come when you take out that bars low (making it a down bar). Outside bars, depends on the order in which they take out the higher or the low. Looking at a chart after the fact it's hard to determine which happened first without breaking it down to a time frame and watching. Watching the bars form in real time - you would know the order.
I've actually re watched every episode of your channel. Absolutely the best help I have ever come across! Please if you get more time, tweet ideas or make new video. A video of risk and money management would be awesome! Psychology video on trading and being disciplined. What makes or breaks a day trader. Live trading video. some ideas :D
Try this presentation on trading systems. There is a section on fixed ratio and fixed fractional money management.
czcams.com/video/SlBYoHZ2MxQ/video.html
@@quanttradeedge2514 This was such an insightful watch start to finish and, as I didn't come from the finance industry, these concepts were kind of an epiphany for me in regard to trade positioning. If you are trading NQ futures on a 1M chart, is the NQ scalping "signal" bar strategy your main edge trade? Also, I know this is subjective but if you were trading with a margin of $2,500, what would an intelligent risk budget be per trade? I like the idea of increasing the contracts with each winning trade (with a daily cap on wins) but with a small account what would be an ideal percentage to increase winning trades by since increasing NQ contracts is doubling the profit/loss. Would you consider that too much of an increase for a smaller prop account?
I cannot thank you enough for doing this. I feel like this should have been the first video/concept I learned when I decided to try trading. Seeing how it works on all levels is what is eye opening to me. Question, if I'm looking to make a side income from trading 5min ES futures...would the highest probability trades be the ABC against the trend? Excellent video! Thanks for taking the time!
I think the abc with the trend is a great place to start. I had been trading for over 20 years before I learned this counting method. It is a great cornerstone to start with.
Hey, love the video, can you please help me point in the direction of startegy on (5m to 1hour timeframe). And would love to use it on forex or indices
Can one simply use the pivot points as entries for longs and shorts? Perhaps with an indicator like the stochastics + MACD?
What are Gann 2bar & 3 bar swings? I think what you discussed is 1 bar swing. Right ?
thank you very much of this information, starting to follow the channel and its' very down to earth trading style. Well appreciated. I think there is a typo in the downbar " H < H[1] "
That just means the high of this bar is less than the high of one bar ago. A down bar has both a lower high and a lower low to the previous bar.
@@quanttradeedge2514 right, though I think the slide mentions otherwise for the down bar, anyways not a big deal, just noticed it as was trying to code the indicator.
First, QTE, thank you SO much for your contributions!!! Can someone please turn this into a TV indicator/TOS/or NT? TV preferred
I think in the code for down bar should be low < low(-1) and high
Yes, you are correct. Good catch!
@@quanttradeedge2514 Thank you. I was just looking for clarification in my head. This is all great content from you. Thanks!
I wanted to verify that someone else saw it first, before I called it out.
How do you differentiate between a U-turn vs potential ABC setup? The potential U-turn you mentioned at 11:20 seems it would have had the same setup as the ABC you mentioned around 12:20. Once the U-turn is triggered, are you watching for it to turn to an ABC?
A U-turn is often times a failed ABC. you need a higher timeframe bias. So for example, if I thought today, prices were going test below previous day low and then rally, I would wait for ABC off of the low, but instead of taking the ABC, I would wait for the U-turn to go long.
Hello, I'm glad that I've found your channel.... nice content... also your video about gann bar counting. Nice concept.But I didn't find anything about gann bar counting on the internet, only gann fan and gann angles etc... could you give me some hints or informations about it. Thx in advance
it's quite simple. It's just what was laid out in that video. I didn't realize this, but and was thought of as a quack. He has some weird stuff about predicting everything based on planets and other really weird things out there.
@@quanttradeedge2514 thx for your answer
Thanks for the video. I’ve been watching it several times👍🏼. When you say “u turn” do you mean a change in trend? I’m not understanding that part right🤦🏻♀️. Can you make a video explaining that, thx.
Yes, a uturn is a trend reversal. The literal definition of a trend change (from down to up) is "a higher high, a higher low, and then turn up from there".
Thank you QTE. You seem to be using Gann bar counting to determine the market direction of your chosen time frame. If so, do you usually take two-legged pullback trades in the direction of the trend?
yes, that is the best trade - a shallow 2 legged pullback against a strong trend
just a question could you just use bill williams fractals and set the settings to 3 bars instead of the default 5 bars? I cant figure out how to input the code like you have, thanks I wish I would have found your channel long time ago..
I am not familiar with Bill Williams fractals
I think there's an issue in your code like DownBar should be Low
Yes
Thanks, such a cool video. Is anyone awre of any Tradingview indicators that do this counting for us? Thanks in advance
I don't know about tradingview, but CQG programmed it in CQG for me. So it's definitely programmable.
were you able to find anything in tradingview?
Does this work on ES days that don't have much range? Or would one get chopped up?
Chopped up. The ATR requirement helps you avoid choppy markets.
@@quanttradeedge2514 can the atr be known by 9.30 open or when is the best time to check it? Because usually the best opportunities are within 30 minutes to 1 hour of the open
First half hour/hour is good as you say. I can't remember too many times when the range has been low during the open.
How do you describe the ABC pattern? Where does the A start? What do we look after a ABC pattern is completed?
An ABC pattern is a two legged retracement in a trend. The A starts from where the retracement begins.
At 12:32,, isn't that a U turn because the A leg had taken out a previous swing high? So, the break of A leg would have been a U turn. How would you filter this out? I guess by looking at higher TF as your mention later on. Thanks!
The programmed hash marks are not perfect. Good catch on the swings. The one exception that I don't spend a lot of time on, because it happens so rarely plays into that big green outside bar. Since that big bar tagged a new low, it would technically be a down bar. So the following bar flips it to up. It then becomes visually difficult to really see what the swings are. I totally missed that nuance when I was making the video.
@@quanttradeedge2514 I found a pretty decent HiLO bar indicator that actually draws the swing point lines. It is for mt4. Please let me know if you need it. Although it seems to me that you are using a different platform
Thanks - I'm using CQG - they have something called Zig Zag which uses a minimum threshold to detect swings. If I set the threshold to zero, it basically does Gann bar counting.
The one I created is simple and misses a few scenarios, but basically does the job.
@@quanttradeedge2514 I tried zigzag first and but its settings did not work out for me.
@@fxmomotrader3606 Which HiLo indicator do you use? And does it work on mt5?
Is Gann bar counting relevant to all trading time periods?
Nevermind, watching it for the second time and see you said you can get more practice on the 1M but there is more noise. Helpful stuff. Thank you!
How do you calculate the hoagies in code?
I calculate it specifically for the third bar, then visually, I see the marking and identify if there's more than 3 bars.
So four conditions: last bar high < 2 bars ago high, last bar low > 2 bars ago low, 1 bar ago high < 2 bars ago high and 1 bar ago low > 2 bars ago low.
Sorry, but I don't see any significance from this counting after the facts. Furthermore it would be nice to cut out your nervous chart settings. Thanks.
The madness of Gann.
Anyone reading this...can you program this code for NinjaTrader 8?
i wish someone would lol