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Created on: 6/24/2020 4:24:45 PM   Last Update: 6/24/2020 4:33:08 PM Posted by: RTT
WARNING: This entry is 363 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.

1 POST US Dollar with Ney and Gann Angles
us-dollar-with-ney-and-gann-anglesWhere is price going, is there strength or weakness in the chart?


Previous Post on the US Dollar : Where is the US Dollar trend headed ?


The question is always what will the future price action look like ?


This post will highlight the use of lines generated by angles. Not trend lines, as trend lines require two known points on a chart, where as angles require only one known point and a angle degree to draw a line. The question then becomes how is the angle degree determined.



There are two theories: Gann Angles and Ney Angles. 

Gann angles are a fixed set of degrees (see below) and these degrees are based loosely on astrology and the regular cycle of planets around the sun. Gann said price would move between these angles as the angles acted as like critical support and resistance.


Gann Ratios to Degrees
8x1: 7.50°, 4x1: 15.00°, 2x1: 26.25°, 1x1: 45.00°, 1x2: 63.75° , 1x4: 75.00°, 1x8: 82.50°



These angles are a pre designed fixed set approach.

Gann Angle example on the US Dollar


Gann US dollar





Ney angles are calculated from a major low, to preceding lows and major high. The idea is that the future pattern of price is related to the prior pattern of price. Price history does not always marry exactly to the future but it sure can rhyme. Richard Ney calculated the angles and then studied the chart to find which angles dominate price action. 


These angles are a per low liquid set approach.


Ney Angle example on the US Dollar


Ney USD




Currently the US dollar chart has strength within it. Jeffer Snider gives a good reason.

Ref: Not COVID-19, Watch For The Second Wave of GFC2


If companies are in cost-cutting mode, and they obviously are, then that immediately puts a ceiling on the right side of the hoped-for “V” (arguing dead against the straight-line extrapolation) and then sets up the potential second wave of GFC2 and economic contraction. How? A weak labor market means instead of 90% of the 106 million work out their loan (or rent) situation before it goes too far, only 85% maybe even just 80% do!

Heaven forbid something like 75%. Ninety percent would already be big trouble.

Being unable to get close to everyone who has lost a job (or just lost income from wage or salary cuts plus those working less hours) back into their former groove is the real bogeyman lurking out there just over the visible time horizon. And that horizon is shrinking with every added missed payment due to a lost or shrunken paycheck.

Less consumer spending means curtailed revenues, no pathway to restore profitability, and therefore even more, say it with me, cost cutting by businesses.



In short the FED can print money, but it can not print jobs and incomes. This matters as the US consumer is 70% of US GDP. 




Divider




Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to ride the change, after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

...“After spending many years in Wall Street and after making and losing millions of dollars, I want to tell you this:  It never was my thinking that made the big money for me.  It was always my sitting.  Got that?  My sitting tight!”...

Jesse Livermore


.."Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception"..

George Soros


..“Successful speculation requires staying on top of changes in industries and companies that either create new industries or improve on existing industries. The majority of your profits will come from these two … The shrewdest traders throughout history all adapted the skill of reactionary change, as the market constantly presents new and different opportunities.”..

Bernard Baruch


.."Money couldn't buy friends, but you got a better class of enemy"..

Spike Milligan


..The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell"..

John Templeton




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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund



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