Trading by using the TIME as the main parameter for determining the trend is one of the most crucial aspects of WD Gann’s work. And it becomes more valuable when we link Price with it. That’s what WD Gann was speaking about in his below quote.
Many traders believe and use the time to find a bar or a day where a turn will happen. But the problem is that part of the time shows only one factor of the whole ‘BIG’ picture. And that way, the use of the time didn’t tell the trend.
Well, to use time as a factor in trading, we need a non-linear thinking mindset.
The same WD Gann did. He developed an out-of-the-box thinking mindset that helped him see and discover the multi-dimensional working of the time factor. And one of those kinds of Gann’s method is our ‘Hook timing method,’ which confirms the trend and the changes in the trend of that period very well.
So, let’s look at today’s Nifty Intraday 05-minute chart to see how TIME sets the bearish trend for the day.
Nifty today opened with a 100 points gap. By seeing that, an intraday trader would have gone for a buy trade. But soon, bears pulled the market down. And that’s where the knowledge of our Hook timing method comes into play.
Soon after opening 100 points up, around 10:00 am Nifty broke the Hook timing method level (black oval), which confirms and sets the bearish trend for the day.
So, remember, the knowledge of time is not just limited to finding the bar or the day where a turn can happen. And Gann used the ‘TIME’ in a multi-dimensional way, which Gann had talked about in his books and courses.
Below are a few more posts to help you understand the Hook timing method more.
Hook Timing Method Gold Market Powerful Downside Turn
