Opinions about WD Gann's theories

This is a discussion on Opinions about WD Gann's theories within the Discretionary Trading forums, part of the Methods category; Hello laptop1 Are you still trading? Sorry fo the question, but is not easy to meet full-day traders. Could you ...

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Old Jun 24, 2008, 8:45pm   #31
Joined Apr 2008
Hello laptop1

Are you still trading? Sorry fo the question, but is not easy to meet full-day traders.

Could you share a little bit of your experience, please? For example, could you recommend a software you use...on which market do you trade?

How long it takes to start being confident and become a full-day trader?

As you said Gann isn`t for you - thank you for this opinion.

Regards,
Arek

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Originally Posted by laptop1 View Post
Only Gann himself new how is methods worked. methodologies are not always easy to define or to analyse.He believed the markets are geometric in design and in function and follow geometric laws. Gann's techniques require that equal time and price intervals be used on the charts. a rise of one price unit over one period of time (1 x 1) will always equal a 45-degree angle. and an ideal balance between time and price exists when prices rise or fall at a 45-degree angle relative to the time axis.

This is called a 1 x 1 angle. each angles provide support and resistance depending on the trend. For example, during an uptrend the 1 x 1 angle tends to provide major support over other angles.Gann spent 10 years researching ancient and contemporary knowledge about how things work before he made his first trades. One component of the simple mathematical principles underlying the Square of Nine can be employed to identify, in advance, potential price and time turning points, which I myself never found.

I studied Gann for 3 years, and found it hard to take in, It looks good when you look back on the chart. but in real time, its vague to say the least. I now use simple price action. I thought years back the more complicated things was the better it would work, But through experience, this is not the case. I now trade full time and trade very simple trading patterns. with correct money management and it seems to work for me,I am not saying Gann don't work,I'm saying I could not master the subject,I no doubt others will make it work.even if they only take 10% of his methods, It could improve your trading.
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Old Aug 11, 2017, 4:09pm   #33
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Originally Posted by zzaxx99 View Post
Now, if he had chosen pi or e or the Planck constant., or something that really is a fundamental number underlying mathematics/physics I could have swallowed that .
I like this a lot ...
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Old May 13, 2018, 3:31pm   #34
 
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W D Gann's Forecasting Method Applied To Currencies

This thread discussing W D Gann and his theories has become inactive.

However, anyone still interested in the subject might like to read an article in the latest Market Technician (the journal of the Society of Technical Analysts) on Gann’s forecasting method applied to the currency markets.

This article by James Smithson is entitled “Extending The Frontiers Of Technical Analysis: The Application Of W D Gann’s Forecasting Method To The Currency Markets.”

Here is a link: https://www.scribd.com/document/3780...rrency-Markets
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Old May 13, 2018, 8:13pm   #35
 
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I can't remember ever seeing any proof that Gann's theories actually work.
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Old May 13, 2018, 11:45pm   #36
 
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[QUOTE=Pat494;3034336]I can't remember ever seeing any proof that Gann's theories actually work.[/QUOTE


Yes but..
I can't remember ever seeing any proof that Gann's theories actually don't work.


When we consider the famous traders in history, Gann brings something different to the field- the concept that time equals price.

This idea that there is a hidden mathematical formula in the price data is a very appealing one to those who love a mystery and a challenge.

However, the holy grail isn't out there, but rather, within each trader


Think of Gann's theories in terms of a concept car.

What you would really need for trading is the watered down production model..

So the takeaway might be that TIME can become an important element of trading/analysis, in relation to PRICE.
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Old May 14, 2018, 5:14am   #37
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Originally Posted by David Knight View Post
Gann brings something different to the field- the concept that time equals price.
IMO, you are misrepresenting Gann's view on the relationship between price and time. Gann's view is that in determining turning points, time is an important consideration besides price. In fact Gann believes that time had the strongest influence on the market because when time is up, the trend changes. Expressed differently, price and time must balance before the market turns. The underlying premise is that Gann subscribes to the law of vibration and that every financial instrument is subject to some kind of vibration in price and time. The problem is Gann uses a variety of tools including swing cycles, anniversary dates, natural cycles, geometric angles, the squaring of price and astrology which created a lot of complexity in approach, mystery and controversy. This is further compounded by the need to use scaling when applying some of the tools to the instruments.

Conceptually the idea of price and time is sound because any price movement cannot be meaningfully measured without relating to some measure of unit of time. The problem is that applying Gann's method to trading can make the approach highly complex and any ensuring benefit highly questionable. Personally I do use Gann's concept of price and time but in a very simplistic manner.
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Old May 14, 2018, 7:26am   #38
 
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Can't help thinking that Gann was as baffled with forecasting financial instruments as the rest of us and in his frustration after using up the simple methods with no success went increasingly into the fantasy.
Kept his supporters fed with something mysterious and even nonsensical to combat failure and disillusionment, to sell his courses.
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Old May 14, 2018, 9:19am   #39
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Originally Posted by Bigbusiness View Post
What I find is that the people who do know Gann methods that work either don't want to share them or will only reveal a few clues. I have a Constance Brown book "Technical analysis for the trading professional" where she states that of all the methods she uses, the Gann wheel is the one she would least like to relinquish. She also mentions that there is one small bit of information that is missing from most books and courses but then decides not to reveal what it is. Anyone care to share that here
https://en.wikipedia.org/wiki/Quantitative_easing
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Old May 14, 2018, 9:41am   #40
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Gann is like all trading strategies and ideas ........sometimes they work and sometimes they dont ...depends on market conditions

the secret is looking at the market in total and anticipating what IS going to work.........

thats the secret
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Old May 14, 2018, 1:10pm   #41
 
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Quote:
Originally Posted by Brumby View Post
IMO, you are misrepresenting Gann's view on the relationship between price and time. Gann's view is that in determining turning points, time is an important consideration besides price. In fact Gann believes that time had the strongest influence on the market because when time is up, the trend changes. Expressed differently, price and time must balance before the market turns. The underlying premise is that Gann subscribes to the law of vibration and that every financial instrument is subject to some kind of vibration in price and time. The problem is Gann uses a variety of tools including swing cycles, anniversary dates, natural cycles, geometric angles, the squaring of price and astrology which created a lot of complexity in approach, mystery and controversy. This is further compounded by the need to use scaling when applying some of the tools to the instruments.

Conceptually the idea of price and time is sound because any price movement cannot be meaningfully measured without relating to some measure of unit of time. The problem is that applying Gann's method to trading can make the approach highly complex and any ensuring benefit highly questionable. Personally I do use Gann's concept of price and time but in a very simplistic manner.
I did not misrepresent him.

What I said was that Gann believed Time equals price, and NOT as you stated:

'time is an important consideration besides price'.

The irony is that it is you who misrepresented him and that my post was about moving closer to your statement -'time is an important consideration besides price'..

It is because Gann delieved time equals price that his predictions (allegedly) named the price and the date.

If you are going to troll me (again), albeit in the most subtle passive aggressive way you're able to manage, at least try to get somewhere in the vicinity of the actual facts.

'.Conceptually the idea of price and time is sound because any price movement cannot be meaningfully measured without relating to some measure of unit of time.'

Absolutely not true (imo)

'Personally I do use Gann's concept of price and time but in a very simplistic manner.'

Fantastic!

Isn't that exactly what my post was about? Taking Gann's ideas and creating your own concepts from them.

Looks like we didn't need a demonstration of your personal understanding of Gann which anyone can find for themselves, and that you could have just gone straight to expanding on your statement-'Personally I do use Gann's concept of price and time but in a very simplistic manner.'

So, care to expand on that?

Maybe with a chart, like I did?

If not, you may leave us all wondering what exactly was the point of your post?
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Old May 15, 2018, 10:33am   #42
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Quote:
Originally Posted by David Knight View Post
I did not misrepresent him.

What I said was that Gann believed Time equals price, and NOT as you stated:

'time is an important consideration besides price'.

The irony is that it is you who misrepresented him and that my post was about moving closer to your statement -'time is an important consideration besides price'..

It is because Gann delieved time equals price that his predictions (allegedly) named the price and the date.

If you are going to troll me (again), albeit in the most subtle passive aggressive way you're able to manage, at least try to get somewhere in the vicinity of the actual facts.

'.Conceptually the idea of price and time is sound because any price movement cannot be meaningfully measured without relating to some measure of unit of time.'

Absolutely not true (imo)

'Personally I do use Gann's concept of price and time but in a very simplistic manner.'

Fantastic!

Isn't that exactly what my post was about? Taking Gann's ideas and creating your own concepts from them.

Looks like we didn't need a demonstration of your personal understanding of Gann which anyone can find for themselves, and that you could have just gone straight to expanding on your statement-'Personally I do use Gann's concept of price and time but in a very simplistic manner.'

So, care to expand on that?

Maybe with a chart, like I did?

If not, you may leave us all wondering what exactly was the point of your post?
You are clearly entitled to your own opinion but not to your own facts.

The idea of balancing time and price is fundamental to Gann's approach to forecasting and his usage of tools such as the 45 degree angle; squaring of prices; and his use of natural cycles. There are a body of evidence of Gann practitioners who have studied his work and written books about Gann's concept of balancing price and time that I can reference to, including :
1)Gann made easy by William McClaren (Page 17);
2)Pattern Price and Time using Gann theory in TA by James Hyerczyk (pages 30 & 31);
3)Dynamic Time and Price analysis of market trends by Bryce Gilmore (section 10-5); and
4)Gann's scientific methods unveiled volume 2 by Patrick Mikula (page 2)

As to your insistence that Gann instead talked about price equals time, please point out your reference source. Btw, the notion that price equals time is itself an illogical statement because they both have different unit of measure and can never be equal.
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Old May 15, 2018, 7:50pm   #43
 
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Quote:
Originally Posted by Brumby View Post
You are clearly entitled to your own opinion but not to your own facts.

The idea of balancing time and price is fundamental to Gann's approach to forecasting and his usage of tools such as the 45 degree angle; squaring of prices; and his use of natural cycles. There are a body of evidence of Gann practitioners who have studied his work and written books about Gann's concept of balancing price and time that I can reference to, including :
1)Gann made easy by William McClaren (Page 17);
2)Pattern Price and Time using Gann theory in TA by James Hyerczyk (pages 30 & 31);
3)Dynamic Time and Price analysis of market trends by Bryce Gilmore (section 10-5); and
4)Gann's scientific methods unveiled volume 2 by Patrick Mikula (page 2)
[QUOTE=Brumby;3034766] As to your insistence that Gann instead talked about price equals time, please point out your reference source.

Gann said it himself.

I don't know why you would want to quote from any other source. Looking at your reading material I can see why you're confused.

You're attempt to put me on the defensive and run around proving things to you is nothing more than a smokescreen to avoid expanding on your statement -

'Personally I do use Gann's concept of price and time but in a very simplistic manner.'

Knowing as we do, how much you detest a 'one liner' I'm sure you'll provide some substance to that statement. (For the second time of asking)

Maybe then you won't look like someone who talks a lot about things they don't fully grasp.

Maybe then you won't look like a complete hypocrite.

And maybe you won't convince the neutral reader that you are in fact, a troll.


And then you could explain how these 2 'one liners' that you treated us to, live together inside the same mind.that talks about: 'your own facts'

'Conceptually the idea of price and time is sound because any price movement cannot be meaningfully measured without relating to some measure of unit of time.'

Followed in your next post by this-

Btw, the notion that price equals time is itself an illogical statement because they both have different unit of measure and can never be equal
.

I'll make a Gann like prediction here.

You will keep entertaining us until we get bored with you..



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Old May 16, 2018, 12:22am   #44
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Quote:
Originally Posted by David Knight View Post
Gann said it himself.
That is your rebuttal? It speaks volume.
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Old May 20, 2018, 2:24pm   #45
 
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Quote:
Originally Posted by Brumby View Post
That is your rebuttal? It speaks volume.

You're a troll. That speaks volumes


My upcoming new trading journal will 'speak volumes' about TIME and PRICE.


For obvious reasons, I will need to remove your ability to comment on that journal. So I think it's only fair to leave the last word to you.


You could use that opportunity to expand on your one liner-
'Personally I do use Gann's concept of price and time but in a very simplistic manner.'

(For the 3rd time of asking)



Or-


Carry on trolling.


Anyone care () to predict which one Brumby will choose?
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