Today was the dreaded European version of our QE, with the EU central bank promising to buy $60 billion of debt per month. The market makers know we are looking for a wild ride. First is a false move up. Our Gann system says go short after a failed rally early. But then we want to know exactly when the downtrend will end and the market will turn. That’s a bit harder. The chat log above shows our reminder that we predicted the market will turn at precisely 8:48am CST. Note this reminder and prediction was issued at the chat time 8:44am when the market was almost 10 points higher on the ES H5 futures than the turn time price and the price we predicted. We predicted 2017-2018 as the range to cover the short and buy long. See the ES H5 1-minute futures chart below. The exact turn time came at 8:47am and some change. And just 5 ticks away from our buy zone at 2019.25!
Now see the chart t our left- a 1 minute chart of the ES H5. Turns right on the dime, with price just 5 ticks off our buy zone at the low. Seeing how there was a daily pivot point just above the actual low, this marked a great place where not only price and time came together, but God and man as well, with an institutional level meeting a “divine” price and time. This is not a rare thing- we do this most every day. How to predict intraday turn times and prices like this is taught in our “W. D. GANN: MAGIC IN THE MARKETS” Course.
DISCLAIMER: The examples above are given as demonstrations of technical analysis and are therefore hypothetical and not actual trades. They do not represent actual account results nor include the entirety of all predictions we make.