Exercise 11 – A Test on the Webinar Topics!

Question 8:

Name four markets that we discussed during the webinar (2 marks)

Question 9:

What does David call the 150% milestone on the Road Map Chart? (1 mark)

Question 10:

What vital topic did I say was covered from pages 145 to 151 in The Number One Trading Plan? (2 marks)

Question 11:

Choose the most correct statement from below: (2 marks)

1. Section 3 will occasionally be the final section in a move
2. Section 3 will ALWAYS be the final section in a move
3. After 3 sections, you should watch for a definite indication of a change in trend
4. Sections of the Market is complete garbage and has never worked on any market EVER.

Question 12:

After an important HIGH in a market, which event would you expect to happen first, the Retest or the Overbalance in Price? (2 marks)

Question 13:

How did David say we should wear the market? (1 mark)

1. With pride
2. Like a glove
3. Like a loose garment
4. You can’t wear the market – it isn’t a piece of clothing.

Question 14:

When studying or trading the SPI200, what is the difference between the AAI and API charts in ProfitSource software? (2 marks)

Question 15:

List the 10 Gann Seasonal Dates. Answers within a day or two are acceptable, given that these dates change each year. As long as you know the approximate times. (5 marks)

Question 16:

Define Type 1 and Type 2 trades from page 68 of the Ultimate Gann Course (I don’t mind if you get the names mixed up) (2 marks)

Question 17:

How many cents would a 2×1 Trading Day Angle with a Point Size of 0.01 move in three weeks, assuming there are public holidays for Good Friday and Easter Monday in this period? (2 marks)

Question 18:

Which of these did David say would give you the ability to call the big moves? (1 mark)

1. Seasonal Dates
2. Yearly or Seasonal Ranges
3. Heavily-seasoned Kentucky Fried Chicken
4. David Bowden’s Mobile Phone Number

Question 19:

Name one advantage and one disadvantage of a hand-drawn chart when compared to a computer generated chart (2 marks)

Question 20:

What did David say was probably the most misunderstood of all of Gann’s techniques? (1 mark)

1. Time by Degrees
2. Squaring Time and Price
3. Ranges
4. Flirting

Question 21:

When undertaking Time by Degrees research over a 12 month period of the market, which of the following would be the most useful in helping us determine whether a Time by Degrees date gave us a tradable turn? (1 mark)

1.  A signal bar
2. A daily swing turn
3. A weekly swing turn
4.  An All Time High or Low

Question 22:

If Section 3 of a move is smaller than both Section 1 AND Section 2, how big should Section 4 be? (2 marks)

Question 23:

Which technique did David prefer – Seasonal Time or Time by Degrees? (1 mark)

Question 24:

Which of these is NOT a part of a Classic Gann Setup? (1 mark)

1. Pattern
2. Position
3. Price
4. A really good feeling about the trade

Question 25:

Which of these equations sums up Squaring Time and Price? (1 mark)

1. Time > Price
2. Time = Price
3. Time < Price
4. Time and Price are two separate things, why would you square them?

Question 26:

During the webinar, we looked at David’s February 10, 1988 low on the SPI200. How did Time by Degrees convince David that this Pressure Date would work? (2 marks)

Question 27:

How many degrees make up one complete orbit of the Earth around the Sun? (2 marks)

1. 365
2. 365.25
3. 365.242242
4. 360

Question 28:

According to Gann, where does mankind NOT try to grow oranges? (1 mark)

1. On a farm
2. Near the tropical rivers in Florida
3. On Greenland’s icy mountains
4. In the playground of your local McDonald’s restaurant

Question 29:

Is the Square of 144 a Market Square or a Natural Square? Is it possible for it to be both? (2 marks)

Question 30:

What are Perihelion and Aphelion, and which months would we expect them to be in? (4 marks)

Question 31:

If you expect to be in a trade for 2 to 6 weeks, how often should you check how the trade is going? (1 mark)

1. Every 4 minutes
2. Once a Day
3. Never
4. Only if the broker gives you a margin call

Question 32:

Which of these methods would have been used by Gann to keep track of his Squares? (1 mark)

1. He used ProfitSource software
2. He did it all in his head
3. He used Master Calculators
4. He followed the tables of Squares published in the New York Times

Question 33:

What is on the back of the door of David’s Trading Room (War Room)? (1 mark)

Question 34:

What are the 4 percentage milestones of the Square of 144 that we would pay attention to? (2 marks)

Question 35:

Does the Earth move faster when it is closer to the Sun or further away? (2 marks)

Question 36:

The webinar was held on 14 May. 120 degrees later would be the 16th of which month? (2 marks)

Question 37:

Describe two entry techniques that you could use to trade out of a Pressure Date. (2 marks)

Question 38:

How many laws of Planetary Motion did Kepler have? (1 mark) (Extra credit – for 3 bonus marks, name them! Note: you won’t lose marks if you don’t get this – it is not important for the purposes of this webinar!)

YOUR SCORE:
TOTAL MARKS: 62 Percentage = / 62 = %