Gann Theory Chat

WDGann · Apr 12, 2003

Gann doesn't work...

I'll be honest... I'm dead broke and working at McDonald's...

PoundTheRock · Apr 12, 2003

Quote from WDGann:

I actually would like to know too...

Most people don't get it and never will. BS works in trading - you just need the framework, whether it's Fib, Gann, Drummond, Hurst, or whoshuhbip. Systems don't work over the long haul. Frameworks do.

PTR

bobcathy1 · Apr 13, 2003

Quote from WDGann:

Heh? I did not say that I don't use Gann... you took it wrong... I re-evaluated what I wrote after the chat (eventually ended at around 7pm Eastern) but I still don't recall saying that....

I did write "Gann is BS but it works for me"

Also, I did write, chat or in FAQ, "I use a lot intuition trading intraday because of my slow brain."

I hope Andre or Baron posts the chat soon...

Also, I'm 26 years old... (same as Aphie) who is not a genius but a stupid one...

Oops.....I only heard the BS part and the intuition part...... and I guess I jumped to that conclusion.

oddiduro · Apr 13, 2003

Quote from PoundTheRock:

Most people don't get it and never will. BS works in trading - you just need the framework, whether it's Fib, Gann, Drummond, Hurst, or whoshuhbip. Systems don't work over the long haul. Frameworks do.

PTR

That was the POST OF THE QUARTER!!!!!!

Andre · Apr 15, 2003

I hope Andre or Baron posts the chat soon...

It's up. We edited down the informal section. Folks were chatting
for another hour and a half, so it took some time. It's a good read.

Gann Theory Chat Transcript

Thanks for doing it, Takeshi.

AndrÃ©

PoundTheRock · Apr 15, 2003

Quote from Andre:

I hope Andre or Baron posts the chat soon...

It's up. We edited down the informal section. Folks were chatting
for another hour and a half, so it took some time. It's a good read.

Gann Theory Chat Transcript

Thanks for doing it, Takeshi.

AndrÃ©

Well done on the transcript Andre. And thanks to WDG for a cool chat.

greenoak · Jul 12, 2003

Well, I think the relationship between Gann and Fibonacci is pretty clear.

3/8=37.5 Close to Fibonacci 38.2 %

5/8=62.5 Close to Fibonacci 61.8 %

Etc.

WDGann · Jul 12, 2003

Quote from greenoak:

Well, I think the relationship between Gann and Fibonacci is pretty clear.

3/8=37.5 Close to Fibonacci 38.2 %

5/8=62.5 Close to Fibonacci 61.8 %

Etc.

:eek:

BWAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
HAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHA

greenoak · Jul 13, 2003

In his book "45 years on Wall Street" W.D. Gann states that
10 to 14th of October is an important period to watch for trend changes

To the day gold and gold shares started to go down on 10-Oct-02.

In the same book he states that "if the price retraces lower than
50 % of the absolute maxinum, then the price will go down much lower." For many stocks I followed it was the sad but strict truth.

So IMHO Gann is not only about angles, fans, magic squares, etc.
He is very much also about practical market experience.

WDGann · Jul 13, 2003

Quote from greenoak:

In his book "45 years on Wall Street" W.D. Gann states that
10 to 14th of October is an important period to watch for trend changes

To the day gold and gold shares started to go down on 10-Oct-02.

In the same book he states that "if the price retraces lower than
50 % of the absolute maxinum, then the price will go down much lower." For many stocks I followed it was the sad but strict truth.

So IMHO Gann is not only about angles, fans, magic squares, etc.
He is very much also about practical market experience.

Trading Rules vs Market Analysis...

Gann Theory Chat

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