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Gann Trade 6 -
W.D. Gann's "Trade 6" specifically refers to Rule #6 of his 28 Essential Trading Rules: "When in doubt, get out, and don't get in when in doubt". This rule focuses on psychological discipline and capital preservation, mandating that a trader should only hold or enter a position when they have a clear, rule-based conviction about the market's direction. Core Concept of Rule 6
- The 60-degree angle (1x6 Gann line) – representing a steep but sustainable trend.
- Six units of time (6 hours, 6 days, 6 weeks) – a preferred cycle window.
- Six cents, six pips, or six handles – a specific price retracement zone.
Common Mistakes with Gann Trade 6
Even experienced traders fail when first using the Gann Trade 6. Avoid these pitfalls: gann trade 6
- The 6-Bar Reversal Pattern: A price action signal indicating a trend change after six consecutive bars in one direction.
- The 60-Degree Increment: Within the Square of Six (Hexagon), key resistance and support lie at 60-degree intervals (6, 12, 18, 24, etc.).
- Zone: Limit orders placed at the "Buy Zone" between Price X and Price Y.
- Trigger: A closing price above the previous day's high on increased volume serves as the activation trigger.
The desert air didn’t just shimmer; it vibrated. High above the salt flats of the Mojave, the Gann Trade 6 The 60-degree angle (1x6 Gann line) – representing
