A blessed Friday to you all, its the 10th day in April and we specially welcome you to the Marvel Traders Community.
Today we will be showing you step by step how to use the Gann box as a trading strategy.
This is one of the strategies that we've been using for a very long period of time and it's working well, mostly when you follow the trend šš.
On the video above you will see how we used this strategy to get some profits from the market.
- Step By Step Guide "The Gann Box Strategy"
On the higher time frame (tf), pick your Gann box tool and drag it from the higher-high to the higher-low that lead to the break of structure if the trend is bullish.
Why on a bearish market condition, drag the Gann box from the lower-low to the lower-high that lead to the break of structure. We are going to show you this strategy on a bearish market condition in our next video.
This was our screenshot on the USD-JPY 15m tf.
But before we continue, let's quickly show you how to set your Gann box to look like how ours is displaying on the screen.
- Click on third tool option by the left side of your screen if it's on the trading view, with the name "FIBONACCI"
- Click on the Gann box tool
You can add it as you favorite if you desire.
- Drag it on your screen and click on the settings icon
- Untick the levels that were indicated on your screen and maybe the background if you desire
- The level we needed are:
0 --- 0.25 --- 0.5 --- 0.618 --- 0.75 --- 1
Go to you higher time frame, on this video, we used the 15m tf.
- Drag it from the higher-high to the higher-low that lead to the break of structure on an uptrend.
- Wait for a pullback to the 0.618 or 0.75 level of the Gann box on the lower time frame and look for any candle confirmation that you use for your entry.
on this chart we used the bullish engulfing candle stick.
- Immediately the 5m candle closed bullish, we enter on a market execution with our stop-loss few pips below the low of that candle and targeted a 1:3 risk-reward (R:R)
At the end of it, you can see that the market played well.
we won't close this section without saying a big thanks to 
Note:
- To make this strategy work more effectively, you need to follow the trend.
- Have a proper risk management.
- Always wait for entry confirmation.
All screenshots are from our trading view PC.
The thumbnail was auto generated using the 3speak.tv web
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