Gann Theory Chat

Quote from Kicking:

I read somewhere , I think it was here, that Gann's work as compiled by other people after his death was incomplete and the key to his trading secrets may have disappeared with him. What I read on this thread seems to corroborate that. If this is the case, only part of the puzzle is available; how difficult is it to study what is left in terms of time and money and make it usable ? In his book, The Daytrader, Borsellino mentions he used Gann charts that he had bought for a huge amount of money, do you have to spend thousands too to learn about Gann?
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That's a very difficult question, I don't know. I did spend thousands and a lot of time, but then again I am not a genius. I wasted a few Gs in retrospect. And I am not sure I already have everything figured it out.
Trading is expensive, if you're not prepared to spend thousands even if you won't use Gann then don't trade.
 
Quote from limitdown:

Elliot Wave and Gann are usually mentioned in the same paragraph, when it comes to softare analysis.

Why is this, and how do these competing/complimentry theorums overlap or support each other?
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The theorem behind both are very similar, they both deal with natrual law. One thing is they both deal with wave tendencies, which is a large part of Law of Vibration.

When I mention wave tendencies, it's not how a single wave behaves but the tendencies of multiple waves represented in a single platform.
 
Quote from limitdown:

Gann fan angles usually help one in setting expectations before or during a trade....

usually after one decides, through other subjective means, to exit a trade, they usually can find confirmation in the angles and the retracements from those angles....

how would one incorporate usage of a "confirmation theorum" before the fact as a predictive theorum?
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This is more of a trader's preference. I tend to "confirm" rather than predict. This is really a double edge sword for me, at least. Predicting a price or time of when a trend will change is what the individual thinks, regardless of what the market is doing. This has caused me a lot of losses.

I've decided to trade the market rather than my own Gann Analysis but using Gann Analysis to react to the market. But who knows, some day I might become more mentally mature to predict and trade well in harmony.
 
Quote from buzzy2:


So how can you say they are BS (as you posted as the beginning of the thread) without listening first to what they have to say??? :confused: :confused:
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It's BS because it's not Gann but Gann-based. Also, BS because of all the marketing claims.

Gann is not the holy grail.
 
"Trading is expensive, if you're not prepared to spend thousands even if you won't use Gann then don't trade."

I can't agree with that, trading doesn't have to be expensive, there is no need to pay thousands in seminars, books and softwares to be succesful. If it made you a better trader that's great but don't make people think you have to spend lots of money to get educated.
 
Quote from Kicking:


I read somewhere , I think it was here, that Gann's work as compiled by other people after his death was incomplete and the key to his trading secrets may have disappeared with him. What I read on this thread seems to corroborate that. If this is the case, only part of the puzzle is available; how difficult is it to study what is left in terms of time and money and make it usable ? In his book, The Daytrader, Borsellino mentions he used Gann charts that he had bought for a huge amount of money, do you have to spend thousands too to learn about Gann?
More...

I'm really not sure about Gann's work as a compilation of others. Do you have to use a lot of money to learn Gann? It all depends on the individual. I definitely didn't use as much as Borsellino for Gann's material. Still, I still use a lot of money for books in general, not for Gann but trading and other books.
 
Quote from Kicking:

"Trading is expensive, if you're not prepared to spend thousands even if you won't use Gann then don't trade."

I can't agree with that, trading doesn't have to be expensive, there is no need to pay thousands in seminars, books and softwares to be succesful. If it made you a better trader that's great but don't make people think you have to spend lots of money to get educated.
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Please don't change the topic with this attack... he does mention that it's a personal preference...

You asked for an opinion and you got it... PM him...
 
Quote from Kicking:

I can't agree with that, trading doesn't have to be expensive, there is no need to pay thousands in seminars, books and softwares to be succesful. If it made you a better trader that's great but don't make people think you have to spend lots of money to get educated.
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No there's no need, you could trade off your brokers quotes and spend zero in books, but in that case you will spend thousands in losses figuring things out by yourself. And BTW I have no vested interests, I don't have anything for sale, no seminars no software, not anything. I just post here to fight the boredom when things are slow.
 
Also, I don't want to sound like a control freak but please start another Gann Thread if you like to debate about Gann...

The thread is for the Chat this Friday... the topic seems to be going off from what it's for...

Let's try to keep the things in topic... (or is it impossible to do in ET)

Thanks and apologies...
 
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