The Gann Box Strategy and set-up.

Transcript

Welcome you to the Marvel Traders community. Happy Friday to you, a blessed weekend to you all. Yeah, today we're going to be sharing with you our Gangbox strategy, one of the strategy that we mentioned during our previous tutorial. Yeah, this was our previous tutorial. Why doing this? while running this tutorial, we showed you the gang box. Yeah, we used it as a tool to confirm our entry. But today, we want to tell you about the gang box strategy. So as it stands, let's just quickly dive into it and see how it goes. So let's dive, let's go straight to our trading view. Here, there is our trading view. Let's use, let me take this off, let me just take them off to make our view very clear. Yeah, let's just take this off, let's take them off. Alright, now at this point, this is the 15 minute time frame, and this was an entry that we... took yesterday, this was the position that we entered yesterday, using the gangbook strategy. Yeah, looking at the trend, we can see this an eternal movement. Yeah, but when you go to the four hours time frame, you see that the market is doing some sideways movement. Yeah. is doing some sideways movement bets, we're not going to use that time frame, we're just going to catch the quick move because we are day traders. Yeah, so let's just go to the 15 minutes and see how to use the strategy. You can use it on the one hour, you can use it on any time frame, are you getting it? Here, you can use it on any time frame. Now, this is how to use the gangbook strategy. Looking at our present trend, we can see that the market changed character here at this point. After this downwards move, it changed character potentially and it came down, then broke this high, which is a break of structure. After breaking the high, it went up. came down and you see it broke this high again that is to say the market is potentially on an up trend in 50 minute time frame take note of it in 50 minute time frame now let's just quickly use this tool and mark out something this was where we entered the trade yeah now this was the high before the pullback after breaking this structure here Yeah, after breaking this high, it formed another high. Now, we are using this high. Then, you can see that the price came down again, went up and broke this high. After breaking that high, this will happen. Just take a close look at it. After breaking this high, this high over here, you see that the market decided to form. a higher high, the higher low and the higher high. But internally, we can see a pullback right here. Are you getting it? These are pullback. And if we are to mark this area, this area will be our point of interest, because when price come to this area, price might push up or price may decide to come lower. Are you getting it? But this was our first point of interest. And now this is what we... we did after price broke this high all we did was to take our gangbox too then from the high of that very point we drew it to the low to this low that caused that break of structure are you getting it so we took it down to the low and this is another thing that we did let me show you people how to set the gang box. I'm going to show you how to set the gang box in a few minutes so that we can continue our discussion. Now, you're just going to click on the settings of the gang box. We don't use, this is a level time, we don't use them, so we're just going to off them, off all of them, put them off, we don't use them, put them off. and yeah, we don't use the background also then on this level only what we use we use the 0 we use the 25 we use the 5 we don't use the 0.38 We use the 0.61 and we use the 0.75 and the 1. Those are the only level that we use. Now, let's click on OK. Yeah, look at the chart. Now, let me take off this line so that it will be clear for us. Yeah, let me take off these lines so that it will be very, very clear. Alright, now, take a look at it. Are you seeing it? This is it. This is our zero level. This is our... That was our zero level and the... Let me open it. This are our 025 level. This is our 5 level, which is the mid of the range. This is our 0.61 level. This is our 0.75. Why, this is our 1 level. Now, take a look at it. We are taken from this low. that caused the break of structure to the high at that point while the market was reversing all we just got to do was to pick our two and we drew it from the highest points of the market at that time down to the load that caused the break of structure now we just got to wait for price to come back to our 75 level or the 61 level now take a look at it the 75 level on the 50 minute time frame down to the one level is our point of interest take a look at this candle formation these are our point of interest which we can see is our demand zone because when you highlight it when you decide to highlight it like this you can see that this level is good to go for our demand zone Yeah, so now let's go to the 5 minute time frame. We normally use the 5 minutes and the 3 minutes for our entry confirmation. Now we go to the 5 minute time frame. On this 5 minute time frame, take a look at this, the 5 minute structure. Now, we saw the pullback. And on this level, oh, this was the... position we entered 1 ratio 3 are you seeing it? Let's just shift it aside. On this level, we saw, this is the 75 level. Yeah, this is the 75 level. When price came down here, you can see this bullish engulfing candle. This engulfed this bearish candle right on the 75 level. Are you seen it? That is to show that the market is reversing. Yeah, because it was a pullback and a continuation. Are you getting it? Now, when you go to this 75 level, he decided to continue, giving us this, our engulfing candle, which is one of the candle formation we use as a confirmation for entry trade. When you see an engulfing candle in your key level, or when you see a pin bar. Are you getting it on your key level? Now, upon this engulfing candle, we decided to enter the position. We decided to enter the position. Let me bring this my lung. At the close of the candle, and our stop loss was few peeps below that candle. Are you getting it? Was few peeps below that candle. And what we targeted on this position was 1 to 3. We targeted 1 to 3, which you can see right here, we targeted 1 to 3. Yeah, now you see that the price went up. After hitting our 1 to 3 level, we decided to pull back a little and continued higher. Are you getting it? Some persons may wait for this pullback before they enter the trade. But we entered it aggressively on the market execution. Yeah, we entered it aggressively. That was why we got the first move. Are you getting it? Don't forget, this gangbox strategy, we have tested it and it's very good to go when you use it according to the trend. When you use it with the trend, it's very, very much good to go. So don't forget to test it on your charts. You backtest it. you test it in the present market and see how it works according to the trend. You can also use it to cash a potential trend reverser also. You can use it to cash a potential trend reverser. But you don't forget that all these strategies, we don't have the strategy that works 100%. Are you getting it? At least this gangbook strategy, we've tested it and it's working above 75%. Are you getting it? All right, thank you and thank you very much. Don't forget is the Marvel Traders Home. And don't forget to join our community on the Hive blockchain. Don't also forget to follow our YouTube channel, Marvel Traders' Home. Thank you and thank you very much. Do have a blessed weekend. We'll make sure we'll be feeding you with different trading ideas. And if you want to also learn how to trade, feel free to... DMOS

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