GUNNER24 Trading Technique Quiz
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GUNNER24 Trading Technique Quiz

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Questions and Answers

What did the author initially struggle with in stock trading?

  • Poor understanding of market trends (correct)
  • Competition from large firms
  • Limited knowledge of software development
  • Insufficient capital investment

    • Which author had a significant influence on the author's trading strategy?

  • Peter Lynch
  • William D. Gann (correct)
  • Warren Buffett
  • Elliot

    • What was the primary goal of the author's software development?

  • To automate trading completely
  • To increase competition in the market
  • To reduce time spent on trading (correct)
  • To attract more investors

    • What was a significant achievement of the author outside of stock trading?

    <p>Starting a publishing company</p> Signup and view all the answers

    How did the author describe his situation before he became successful in trading?

    <p>He was highly respected and successful.</p> Signup and view all the answers

    What tools did the author use to engage with Gann's theories?

    <p>Compasses, rulers, and graph paper</p> Signup and view all the answers

    What was a key emotion the author experienced while developing his trading knowledge?

    <p>A bad feeling due to lack of knowledge</p> Signup and view all the answers

    What aspect of William D. Gann's approach did the author find particularly appealing?

    <p>Its complexity and depth</p> Signup and view all the answers

    What does the Gann Angle 1*1 represent in the GUNNER24 Up Setup?

    <p>An area separating bullish and bearish trends.</p> Signup and view all the answers

    When should a trader consider buying the dips according to GANN strategies?

    <p>After the price has fallen below the 1<em>1 or 1</em>2 Gann Angles.</p> Signup and view all the answers

    What angle indicates a normal trend movement within the GUNNER24 theory?

    <p>1*1 Gann Angle.</p> Signup and view all the answers

    How do Fibonacci Retracements play a role in GUNNER24 trading?

    <p>They help manage reentries after counter trend reactions.</p> Signup and view all the answers

    What happens if the price falls below the Gann Angle but rebounds at the 1*8 Angle?

    <p>The original GUNNER24 Setup remains valid.</p> Signup and view all the answers

    What is the primary advantage of using the GUNNER24 Forecasting Method?

    <p>It provides a competitive edge due to its undiscovered nature.</p> Signup and view all the answers

    What is the foundation of the GUNNER24 Trading and Forecasting Technique?

    <p>It combines principles from W.D. Gann, R.N. Elliott, and Fibonacci.</p> Signup and view all the answers

    What does the GUNNER24 Impulse Wave Technique help traders do?

    <p>Identify the turning points in market trends.</p> Signup and view all the answers

    How long did it take to develop the GUNNER24 Trading and Forecasting Technique?

    <p>8 years</p> Signup and view all the answers

    What does the GUNNER24 method rely on to project future price developments?

    <p>The first impulse of a stock price</p> Signup and view all the answers

    What is emphasized as the approach for achieving prosperity with the GUNNER24 signals?

    <p>Applying signals consistently without emotional interference.</p> Signup and view all the answers

    What characteristic does the GUNNER24 technique offer to newcomers in trading?

    <p>Simple and manageable rules for trading.</p> Signup and view all the answers

    What do the patterns in the GUNNER24 method reveal about price movements?

    <p>They reflect repeated behaviors observed over time.</p> Signup and view all the answers

    What is the primary focus of the GUNNER24 Initial Impulse in trading?

    <p>Determining the characteristics of price action</p> Signup and view all the answers

    What is a key component of the GUNNER24 Trading Technique?

    <p>Utilizing a fixed set of market rules</p> Signup and view all the answers

    Which aspect influences price action significantly at the double arc?

    <p>Current price behavior at key levels</p> Signup and view all the answers

    How many squares are described within the GUNNER24 Method?

    <p>25 squares</p> Signup and view all the answers

    What is advised concerning trading success and psychology?

    <p>Understand the time required to master the techniques</p> Signup and view all the answers

    What aspect of trading does the GUNNER24 method emphasize in terms of managing losses?

    <p>Adjusting stop losses based on market insights</p> Signup and view all the answers

    What does the term 'lost motion' refer to in the context of the GUNNER24 Trading Technique?

    <p>The unpredictability of price movements</p> Signup and view all the answers

    Which of the following statements reflects a common misconception in trading as per the GUNNER24 philosophy?

    <p>All trading guarantees profit if done correctly</p> Signup and view all the answers

    In the GUNNER24 Up Setup, how many candles are counted back from the highest high candle to determine the starting point of the impulse move?

    <p>8</p> Signup and view all the answers

    What is the defining action for determining the GUNNER24 Starting Point in a down move lasting 16 candles?

    <p>Count back 13 candles from the lowest low</p> Signup and view all the answers

    What do longer impulse moves, such as those lasting 13, 21, or 34 time units, represent?

    <p>They are considered more important and appear rarely</p> Signup and view all the answers

    What typically influences the final duration of the impulse in trading, according to GUNNER24 methodology?

    <p>Initial greedy or anxious participants</p> Signup and view all the answers

    In the GUNNER24 Down Setup, which candle is defined as the lowest low?

    <p>The 16th candle</p> Signup and view all the answers

    What is a potential characteristic of trends lasting longer than 13 years according to GUNNER24 principles?

    <p>They will always experience at least one retracement</p> Signup and view all the answers

    What is the significance of the vertical lines in the GUNNER24 Setup when price interacts with them?

    <p>They show where price meets the square lines and turning points occur</p> Signup and view all the answers

    Which factor primarily marks the closing highs and lows of an impulse according to the content?

    <p>Initial greedy or anxious participants</p> Signup and view all the answers

    Study Notes

    GUNNER24 Trading and Forecasting Technique

    • The GUNNER24 Trading and Forecasting Technique is based on the first impulse of a stock price or any other market.
    • The technique projects precisely the course and the frame of the further price development.
    • The core thesis of the GUNNER24 Trading and Forecasting Technique stems from the insight that past price patterns forecast the future price or the direction and duration of the price progression.
    • The GUNNER24 Technique is based on the work of W.D.Gann, R.N.Elliott and Fibonacci.
    • The GUNNER24 Technique provides accurate trading signals by combining different time levels, the GUNNER24 Impulse Wave Technique, and price patterns.
    • The GUNNER24 Technique allows for the establishment of the initial impulse movement based on the highest high candle and the lowest low candle.
    • The initial impulse movement is often followed by retracements in the price action.
    • Retracements to the Gann Angles are considered normal countertrend reactions.
    • Fibonacci Retracements at 50% and 61.8% can be helpful in managing reentries.
    • The 1*1 Gann Angle is a key diagonal that separates the 1st square and the GUNNER24 Up Setup from the left down to the right up.
    • The 1*1 Gann Angle has an ascent angle of 45° and represents a normal trend move.
    • The 1*1 Gann Angle separates the GUNNER24 Up Setup into a bull and a bear area.
    • Traders are advised to be in a long position above the 1*1 Gann Angle.

    GUNNER24 Up Setup Time Counts

    • The initial impulse movement for a GUNNER24 Up Setup can last 10 candles.
    • The starting point of the impulse move is defined by counting back 8 candles from the highest high candle.
    • The initial impulse movement can last for 13, 21, or even 34 time units.

    GUNNER24 Down Setup Time Counts

    • The initial impulse movement for a GUNNER24 Down Setup can last 16 candles.
    • The starting point of the impulse move is defined by counting back 13 candles from the lowest low candle.
    • The initial impulse movement can last for 13, 21, or even 34 time units.

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    Complete GUNNER24 Trading and Forecasting Course PDF

    Description

    Test your knowledge of the GUNNER24 Trading and Forecasting Technique, which utilizes historical price patterns to predict future market movements. This technique integrates concepts from W.D. Gann, R.N. Elliott, and Fibonacci to provide accurate trading signals. Explore your understanding of impulse movements, retracements, and price patterns in trading.

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