In the age of e-trading, I still hand draw all of my charts. I have never traded using Gann's methods but I am doing research on some of them. I'm a bit confused as to how a person should square time and price for some categories of futures contracts.
Gann’s “The Basis of My Forecasting Method” discusses using the 1 point ($1) for every 1/8th of an inch on graph paper. From my understanding of this course this measurement is for stocks and their respective indices. From charts floating around the internet, I understand the scaling for the grains and softs is similar to stocks.
How does one scale futures contracts that did not exist in Gann’s time such as financials (30-year Treasury Bonds), currencies (Japanese Yen, British Pound, etc.), and energy futures (Natural Gas, Gasoline RBOB, etc.)?
Thank you in advance,