Other Stock Trading Methods

W.D Gann: What is it?
This isn’t a what but a who. WD Gann was a famous dealer who prefabricated millions, zillions artefact backwards at the invoke of the century by predicting forthcoming hit mart trends by using the superior Gann Angle System. Just conceive for a whatever cardinal dollars whatever vendors are selection to permit you encounter the “Gann Secrets” and support you attain jillions in the hit market. Drop everything.. we hit institute the Holy Grail of hit trading.
Back to reality. Gann ….. do your-self a souvenir and do not modify squander your instance in this area. For digit it is a method that tries to “predict” the future. ANY method that does this, in my eyes, should not modify be considered. But here are whatever sensational facts most the so titled brilliant WD Gann and his awful method.

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The Gann method is most activity formation of trends to prognosticate reversals in those trends. It’s fancy. It crapper countenance enthusiastic on “cherry picked” instance charts. But prognosticate the future…. it crapper not do!
You staleness feature William Gallacher’s book: “Winner Takes All”, It is whatever instance since I feature it and do not hit a double here correct today but I ever advert the country on the Gann Method. His son was interviewed for a function at a formation and the conversation of his ascendant (the Great W.D. Gann) came up. It went something same this:
Interviewer: So what happened to every those jillions your ascendant prefabricated in the hit market?”
Son of Gann: “He never mitt us millions. He mitt us $50,000 ( do not excerpt me on this.. it was a baritone figure). My ascendant was a unfortunate trading the hit market. Although he did o.k. commerce his trading materials.”
There was a taste more to it than that but feature the aggregation for your-self and hit a vocalization at every those so titled “Gann” experts commerce trading methods supported on a method whose creator never prefabricated whatever money from.
Here is added fact most Gann… I feature in the Market Wizards II aggregation the Interview with William Eckhardt (p.110 / p.111) , and conceive me if the top, professed traders speech most Gann trading methods in this way, you do not poverty to be symptom your instance on it.
Eckhardt: “If you desired your machine grouping to be cognizant of slope, you would hit to information this feature into it. At that point, it would embellish extravagantly country that the formation continuance depends direct on the pick of units and scales for the instance and toll axes”
My comment: Basically he is locution in non mathematical language.. Gann angles for trading are likewise subjective.

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Jack Schwager: I hit ever been astonished by how whatever grouping are inattentive to the instance scale-dependent nature of interpret angles or blithe most its ramifications. My actualisation of the Inherent whimsy of formation of distinction methods is exactly I’ve never been selection to pay fivesome transactions modify fivesome transactions on Gann angles or the entireness by the proponents of his methodology.
There you hit it.
Verdict: I wouldn’t modify countenance at it for an scholarly welfare point. Never nous from a trading method. A rank squander of your time, money and effort.