Came across a crypto trader who’s been using gann fans for some time now with good success. It’s the first time actually seeing somebody sharing analysis on Youtube. Granted, I’ve never searched it out in the past, and just happened to come across it.
Anybody using it currently in their trading, whether crypto or forex?
Hi,
No I do not use Gann fan, but I had to look up Investopedia to explain (to myself) why not.
Extract from Investopedia.
When analyzing or trading the course of a particular market, the analyst or trader tries to get an idea of where the market has been, where it is in relation to that former bottom or top, and how to use the information to forecast future price action.
My Forex Trading strategy does not try to predict a future price action. It is designed to respond to momentary price action using a number of preset mechanical rules built into an algorithm. It excludes Gann analysis as it excludes most other indicators in popular use.