Many traders believe Gann’s time techniques don’t work for day trading. The short and sweet answer for those folks is ‘YES.’
It is possible to use Gann’s time techniques for a shorter timeframe. I’m already applying Gann’s time techniques to hourly period charts for ‘Members-Only Reports’ readers.
But WHAT about even smaller timeframes of Intraday, like a 5 or 15-minute chart? Does Gann’s time principle work there, too?
To your surprise, YES! The Gann time methods work and can be effectively used on even shorter timeframes. In fact, here is proof of that. In today’s Nifty Intraday 5-minute chart, the Blue Squares represent time-shifting points in trends.
These time-shifting points in trends reflect a special point in TIME identified through a process that I call WD Gann’s “Time Squaring” technique.
As I had discussed in my earlier posts, the vast majority of Gann students broadly fail to understand the concept of squares or squaring in its REAL sense.
In the end, the TRUTH is simple and doesn’t need to be complicated. Time is a natural process that never ends. It keeps moving forward. So, timeframes are irrelevant when we truly grasp the meaning of time. – Divesh
Click here to learn more about my upcoming WD Gann’s “Time Squaring” Technique course.