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US Dollar with Ney and Gann Angles

Courtesy of Read the Ticker

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

8×1: 7.50°, 4×1: 15.00°, 2×1: 26.25°, 1×1: 45.00°, 1×2: 63.75° , 1×4: 75.00°, 1×8: 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…



..“The game of speculation is the most uniformly fascinating game in the world.  But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer.  They will die poor.”…



Jesse Livermore





..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





..”It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong”..



George Soros







After a question on how to become a better investor professional Mr Munger responded, ..“Read history, read history, read history.”..



Charlie Munger



…”The four most dangerous words in investing are ‘This time it’s different’ “…



John Templeton








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Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!