How Was Your Trend Management on the Silver Explosion
Everyone should have a bag full of money after the Silver trade just past. Believe it or not some folks sold out half way up on the silver break out from $20 to $50. This is because they used trendlines or moving averages, and not Gann Angles to determine trend breaks.
Remember Gann Angles do not require two points on the chart to draw they only require one, this means you are NOT pre conditioned as to where the next line of support may be. Gann Angles are a speed test tool on price movement, used correctly and you will love them forever.(Sorry, getting emotional here!)
In previous posts we have shown how we use Gann Angles to find the Wyckoff phase known as mark up or mark down, another critical facet of this great tool. Funny how other folk on the WWW dont seam to use them as much, are they the 90% of traders that lose, must be (ha).
Check out this chart. Remember Gann Angles must be drawn true to get the best effect.