You may strike gold once or twice through pure blind luck, or even by mindlesslyfollowing the crowd. But without a reliable system of calculating potential price reversal points, you're exposing yourself to a much larger amount of trading risk than necessary.
When I first started trading 12 years ago, I worked for one of the largest grain trading companies in the world. I was directly responsible for placing their futures orders, which meant I had to devote myself to an intensive technical analysis of market trends.
In other words, I needed a highly accurate way of knowing when and how markets will react.
The more I studied, the more I became interested in the techniques used to "trade price and time". You see, most traders are only aware of calculating potential reversal points using price, but few trade when price and time meet.
Two of the best techniques for trading price and time are Fibonacci and the Gann "Square of Nine" .
I was intrigued by these techniques mainly because they were:-
Easy to understand and apply - Based on sound mathematical formulas, they can be easily applied and do not require any knowledge of how indicators work. Neither do you need to apply fundamental market data to a market.
Versatile. Can be used in conjunction with any trading technique - Usage of these technical analysis methods do not limit the trader. In fact, you may use price & time trading with other techniques you're familiar with, or by itself. The choice is yours.
Suitable for stocks and commodities trading - Whether you trade stocks or commodities, you'll find price and time trading methods equally relevant to you.
