Predict the market with 90% accuracy

This is a discussion on Predict the market with 90% accuracy within the First Steps forums, part of the Reception category; great comment Trendie. Check out the Gann chart I posted in the traderpedia... I'd love to know how people make ...

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Old Sep 20, 2005, 3:04pm   #17
 
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great comment Trendie.

Check out the Gann chart I posted in the traderpedia... I'd love to know how people make that work for 90% accurate trading.
http://www.trade2win.com/traderpedia/Gann
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Old Sep 20, 2005, 3:16pm   #18
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epic767 started this thread I;m quite sure that one can't learn gann's secret by reading all the books, because if his method was available and you could earn 1800 in return, everyone would do it. That's evidence that gann kept the secret to himself. What I want to stress is that I think it's possible to get the same returns If one has the knowledge, that's what distinguish a sucesfull investor in comparison to a loser after all.

But yes the market dynamics change all the time and being a sucesfull investor is about understanding the market variables and adapt to any changes. Everything can be described in mathematical terms,remember that.
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Old Sep 20, 2005, 3:39pm   #19
 
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Quote:
Originally Posted by epic767
I;m quite sure that one can't learn gann's secret by reading all the books, because if his method was available and you could earn 1800 in return, everyone would do it.
No sh*t Sherlock.

Quote:
Originally Posted by epic767
That's evidence that gann kept the secret to himself.
No it's not. It's a supposition based on a rumour.

-Anyone else see this thread going the same way as the Blue Parrot sketch?-
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Old Sep 20, 2005, 4:33pm   #20
 
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Monty Python says....

Quote:
Originally Posted by A Dashing Blade
No sh*t Sherlock.



No it's not. It's a supposition based on a rumour.

-Anyone else see this thread going the same way as the Blue Parrot sketch?-
It's dead I tell you
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....Indicators show the past. Price Action "Indicates" the future.
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Old Sep 20, 2005, 4:43pm   #21
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"Everything can be described in mathematical terms,remember that." ...given that you have made this statement in such an emphatic manner perhaps you would oblige the rest of us reading it by compounding an 1800% annual return on any capital level you wish...by the time you get to year 5 you will undoubtedly begin to understand why your statements are being basically dismissed.
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Old Sep 20, 2005, 4:58pm   #22
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"Gann kept the secret to himself"

His 'secret' could have been a few lucky trades, and a good PR man. The only maket 'secret' I know of is hard work, observation, discipline, application and experience.
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Old Sep 20, 2005, 5:08pm   #23
 
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Quote:
Originally Posted by Bigbusiness
People pay huge fees for courses today, I don't think that necessarily means they are worth the money. Did Gann ever claim to have made 50 million dollars or is it just the people selling his trading materials? Are you sure about your facts? I found this quote from a search and hope it is correct. Perhaps someone who has the book can confirm it:-

Quote from 'Trading for a Living' by Alexander Elder. p23

"Various opportunists sell 'Gann courses' and 'Gann software'. They claim
that Gann was one of the best traders that 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."
How much was he worth when he died ! ? Maybe he was just keener to enjoy himself than most (ps: I would rather be a Gann than a Buffet)
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Old Sep 20, 2005, 5:10pm   #24
 
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Quote:
Originally Posted by chump
"Everything can be described in mathematical terms,remember that." ...given that you have made this statement in such an emphatic manner perhaps you would oblige the rest of us reading it by compounding an 1800% annual return on any capital level you wish...by the time you get to year 5 you will undoubtedly begin to understand why your statements are being basically dismissed.
Hi Chump,
please let me in, I am not as mathematical as you. what is the return on £1,000 for ten years?
thanks
BB
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