epic,
nothing works. and everything works.
If Gann was so good, then why dont other Gann specialists replicate the 1800% pa returns ?
If Gann traders were so good, the big banks would probably have head-hunted most of them.
If Gann "kept his secrets to himself", then unless someone rediscovers them, nobody is going to get 1800% pa returns.
If YOU have rediscovered Ganns secrets, you would be too busy making 1800% pa returns to bother posting.
I have looked at Gann, And I cant make it work. This does not mean nobody can make it work.
The patterns and angles look lovely AFTER the event.
There are so many lines and angles, you are going to get a hit sooner or later.
This is similar to Fibonacci ratios. There can be so many, that you will find correlations.
( I personally use only 1.618 and 0.618 Fibs - NO MORE. Otherwise I end up fooling myself.
Although I find no value in Gann generally, I must admit there seems to be a good correlation when looking at charts when seen from solstices/equinoxes. But this is large timeframe.
For shorter time-frames, I find Marc Rivallands variation on Ganns 3-bar reversals more useful. )
If you do use Gann, you tend to use other mechanisms to cross-verify.
nothing works. and everything works;
I have found that any idea or indicator can make money. Its your money management that will keep you ahead of the game.
If you use Gann - fine. Trade the signal. But, if it is wrong, get out quickly. Sooner or later a trade will run in your favour.
If you use Fibs - fine. Trade the signal. But if it is wrong, get out quickly. Sooner or later a trade will run in your favour.
If you use Ross Hooks - fine. Trade the signal. But if it is wrong, get out quickly. Sooner or later a trade will run in your favour.
Get the idea ??
( Why did it take me so LONG ( three years ), and so MUCH ( several thousands ), to understand that !! )
NB: Still learning. Still trading.
