You NEVER will be the person you could be, without pressure & discipline
- #863
- Dec 6, 2019 7:47am Dec 6, 2019 7:47am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
In my 20 years of trading I discarded Gann 2 times assuming it was astrology. But the 3rd time I gave a thought to explore it in depths. And then began the knowledgeable journey unveiling itself. Gann was indubitably a genius beyong intelligence. Although knowledge was being gained I was getting confused as I read more and more. Planets , geometry, numerology, octaves was all confusing as to if they are interrelated or each a distinct path in itself. This forum and knowledgeable people like Sir DiamondMiner, Sir Parisboy , Sir Stewe have...
My 2 cents on Gann as a "genius"
I discovered Gann in 1998 when I returned on the market. That is 21 years ago.
I was attracted by the Angles then by the Horizontal Lines much more known under the denomination of "Murrey Maths"
Since then I have read almost all what is published on the net about Gann. Books , articles, comments. I have looked at almost all threads with Gann in their title or related to Gann. Roughly it amounts to 9 Gigabytes on my hard disk.
I have many books about Gann and all books written by Gann
Practicing Gann tools and reading about Gann since 20 years I progressively built my view on Gann
Gann was a very normal trader like DiamondMiner, me and many others !
Gann made researches like us. Gann tested numerous tools indicators, methodologies , hypothesis like us. Gann as others opened the way to the Technical Analysis we know.
Gann made money enough to survive 50 years on the market. Gann loosed money like we have.
Gann was a trader AND a professional selling advices, newsletters and courses and promoted his tools and researches.
This mixed behaviour has consequences :
- as a professional dealing with other professionnals you can not write that Theory X promoted by Professional Asshole Y is just crap or very close
- having customers who buy your courses , newsletters and advices with real dollars youneed to pay your bills, you have to take into account what your customers like and want
you can not say to Customer Asshole A who like Theory X promoted by Professional Asshole Y that he is an asshole as well as Professional Y and that Theory X is crap ..... if you need to cash in his dollars.
you play it neutral "it is good that there are different ways to analyze the market, " different guys, different ways" " Theory X underlines some interesting points but raises some questions"
R.N. Elliot is born in 1871 and died in 1948
W.D. Gann is born in 1878 and died in 1955
Hence it is very realistic to imagine that working both on the markets at the same period both Elliott and Gann have examined their respective work . De facto they have respected a modus vivendi : no commentary on each other, no duplication of tools or concepts.
Gann just used the concept of "Campaign" mimicking more or less the concept of "wave" - but it was marginal in his work. An ad-hoc concept IMHO developed to make quiet his customers interested by Elliott.
The key point is that Gann never at the end of his life has made a recension, a selection of his tools and methodologies. " After 50 years on the market here is what I use because I found it works the best"
Hence after his death his "spiritual heirs" could develop all the tools Gann has tested including those he disregarded or no more used.
It was good for the "Gann industry"
By the way I hold for grotesque and ludicrous the "coded" and "veiled" language and the idea that Gann has developed and promoted public and efficient trading tools and methodologies to hide more efficient tools and methodologies from the public.
- #871
- Edited 9:48am Dec 6, 2019 9:26am | Edited 9:48am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
@ Pash9 and parisboy....I dont think I belong in the same room with you guys.....you all have years of study and knowledge so far beyond what I can relate too that is seems silly for me to post here. I dont have the time or the background to comment on theory or the hundreds of ways to test an idea or style or method or how the stars are aligned or any of what I deem useless (to me that is). I need a working method I can use today, not something projected out 10 years or since the beginning of the markets here in North America...something that I...
Primitive visual tools for Dummies
My example will be Tesla . There are tons of others available . But Tesla IPO is recent (2011) hence we have all the data , no discussion on it.
Look the chart from April 2013 to April 2019 . 6 Years 72 months
The Triad Envelopes System underlines very clearly 11 Cycles (in red) handrawn manually thanks to Paint
As we have 11 Cycles within a 72 months period, then we get an average of 6,5 months for our dominant cycles
Even you Swede can produce such a basic result with my primitive tools for Dummies !
@ Pash9 and parisboy....I dont think I belong in the same room with you guys.....you all have years of study and knowledge so far beyond what I can relate too that is seems silly for me to post here. I dont have the time or the background to comment on theory or the hundreds of ways to test an idea or style or method or how the stars are aligned or any of what I deem useless (to me that is). I need a working method I can use today, not something projected out 10 years or since the beginning of the markets here in North America...something that I...
. Im studying Gann from just 1.5 years out of which initially I was exposed to all crap things on net.
I tried Planets , octaves, geometry but my brain limitations lead me no where and so I did this harmonics which entered my brains.
- #879
- Dec 6, 2019 10:17am Dec 6, 2019 10:17am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
{quote} Wow awesome Parisboy Sir.... But how to forecast tha future with this.
IMHO you can't
that is an illusion anyway I do not use periodograms for analysis or trading
because I use Envelopes to determine manually the periods of the visually dominant cycles