Quote from TSGannGalt:
Hrrrmmm...
Interesting how the experts didn't catch that it's William Delbert Gann. A few facts about WD Gann is that ... (his son was a stock analyst and "exposed" this a while back) that his father made most of his money through all the speeches and books he sold, rarely made money trading. Also, the man died broke.
His son says that his dad was a very good self-promotor. His bible thing "Magic Word" was a religious scheme to attract conservative Christians for his service. Of course, no one has to believe me and I don't care if they do... but others agree like Alexander Elder, in his book Trading for a Living:
"Various opportunists sell "Gann courses" and "Gann Software." They claim that Gann was one of the best traders who ever lived, that he left a $50 million estate, and so on. I interviewed W.D. Gann's son, an analyst for a Boston bank. He told me that his famous father could not support his family by trading but earned his living by writing and selling instructional courses. When W.D. Gann died in the 1950s, his estate, including his house, was valued at slightly over $100,000. The "legend" of W.D. Gann, the giant of trading, is perpetuated by those who sell courses and other paraphernalia to gullible customers."
Try Google searching... you'll find more about how he was a snake oil.
Oh... in terms of John L. Gann Jr. (Gann's grandson), there was a little talk about how he was paid around $20,000 by some publishing company(which published WDGann's material) to write about his grand-daddy, after his Dad passed away.
It's something to keep in mind.
Now go on talking about WDGann.
Quote from ARealGannTrader:
Throw up some stock or currency symbols, and I will "Gannify" them for u by way of posting charts for u to look at and discuss.
Quote from TSGannGalt:
Hrrrmmm...
Interesting how the experts didn't catch that it's William Delbert Gann. A few facts about WD Gann is that ... (his son was a stock analyst and "exposed" this a while back) that his father made most of his money through all the speeches and books he sold, rarely made money trading. Also, the man died broke.
His son says that his dad was a very good self-promotor. His bible thing "Magic Word" was a religious scheme to attract conservative Christians for his service. Of course, no one has to believe me and I don't care if they do... but others agree like Alexander Elder, in his book Trading for a Living:
"Various opportunists sell "Gann courses" and "Gann Software." They claim that Gann was one of the best traders who ever lived, that he left a $50 million estate, and so on. I interviewed W.D. Gann's son, an analyst for a Boston bank. He told me that his famous father could not support his family by trading but earned his living by writing and selling instructional courses. When W.D. Gann died in the 1950s, his estate, including his house, was valued at slightly over $100,000. The "legend" of W.D. Gann, the giant of trading, is perpetuated by those who sell courses and other paraphernalia to gullible customers."
Try Google searching... you'll find more about how he was a snake oil.
Oh... in terms of John L. Gann Jr. (Gann's grandson), there was a little talk about how he was paid around $20,000 by some publishing company(which published WDGann's material) to write about his grand-daddy, after his Dad passed away.
It's something to keep in mind.
Now go on talking about WDGann.
Quote from ARealGannTrader:
English is not this fellows original language, and I have better things to do than pick at nits.
To the OP.
I use the Socratic method to convey ideas, as it keeps the petitioner for information engaged. Much of what u need is free on the need.
The rest will come from understanding relationships between price and time. Throw up some stock or currency symbols, and I will "Gannify" them for u by way of posting charts for u to look at and discuss.
Quote from TSGannGalt:
I'll bite... Let's see how well you "Gann-ify" your charts...
What's the current pitch of the DJIA Daily?
Within the Daily Chart there are 4 predominant squares (or composite cycles) what are they?
2 of them are Natural Squares... which of them is it (you can just tell me the Master Chart and the degree it's on)?
Finally, there (was)is a very strong planetary influence that supposedly made the March's low this year... which planet is it?
Luckily, I had some spare time last weekend so I pulled out my old code that I used to test Gann Analysis and ran a few tests and analysis... Not to mention, 6-7 years ago... I used to be the Gann (Baumring) Analysis Expert in ET... Probably, one of the first few people who coded and tested Gann Analysis.
Quote from ARealGannTrader:
LOL
U appear to be casting urself as the expert. But I will tell u already what u r going to do. I will post my chart, then u will make some remark, but u will not bother to post any chart or call any trade.
Now that the OP already knows the script, he can follow along as he sees
fit. Here is my chart. It's design will answer every question u might think to have. Dates range from 12/17-5/20, calendar days.
Quote from ARealGannTrader:
LOL
U appear to be casting urself as the expert. But I will tell u already what u r going to do. I will post my chart, then u will make some remark, but u will not bother to post any chart or call any trade.
Now that the OP already knows the script, he can follow along as he sees
fit. Here is my chart. It's design will answer every question u might think to have. Dates range from 12/17-5/20, calendar days.
Quote from cf0532:
The chart is so wonderful. I know the WD's theory is great.
Quote from TSGannGalt:
Thank you. You've provide enough.
My old alias was "WDGann", I was a bit more immature than I am right now, in the early 20s. I think I just started developing trading models around that time. Obviously, my first drive was to automated Gann Analysis due to being lazy and thinking automated trading was the key to getting a private ATM machine. We all have our own set of history behind our trading careers.... Anyways, I've made a few calls in the past. (Also, did a chat event for ET, I wonder if the log still exists... hrmmm...
Added:
http://www.elitetrader.com/ch/transcripts/gann_chat.cfm
)
I currently don't use Gann Analysis for my trades now. Hence changed the name. But kept "Gann" in my screen name for nostalgic and ID purpose.
Good luck trading. Maybe you should do a chat event.
Quote from ARealGannTrader:
Once understood, it will give a trader enough reference points to make an educated decision on where to trade, and how much risk to take.
Another poster here mentioned cycles. The outer square is on a 22 week cycle.
Cycles are only useful to help cast a symmetrical chart. Do not use them to trade with, as without a knowledge of all the composites, one could get a nasty surprise. Compiling the composites will take a lot of time.
So I just trade the chart from the horizontal angles. Vertical angles, i.e. cycles are good to know, but do not trade them.
Post any questions that u might have.