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You
might want to read a few things by and about Mr G:
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<A
href="">http://www.webtrading.com/gannforecast.htm
how much of this is true today?
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a
short bio written by his grandson (no bias here I'd guess) :
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<A
href="">http://www.wdgann.com/TradingArticles/jgann.htm<A
href="">
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<FONT face=Arial color=#0000ff
size=2>dingo
<FONT
face=Tahoma size=2>-----Original Message-----From: Rick Parsons
[mailto:RickParsons@xxxx] Sent: Saturday, October 05,
2002 2:06 PMTo: amibroker@xxxxxxxxxxxxxxxSubject:
[amibroker] SPY Confluence
I read a note
from someone in another forum who said Gann did not make money trading, only
from writing books. Don't know if it is true or not.
<FONT face="Vladimir Script" color=#000080
size=5>Rick
<FONT face=Tahoma
size=2>-----Original Message-----From: grant
[mailto:gkwall@xxxx]Sent: Friday, October 04, 2002 9:53
AMTo: amibroker@xxxxxxxxxxxxxxxSubject: Re:
[amibroker] Re: SPY ConfluenceTwo points should bekept
in mind when thinking about Gann: 1) Gann was a swing trader, he tried
to anticipate a change in trend and wait for
conformation. 2) He was always looking for something to make he's
trading better, ( Jeez I'm always doing that too, maybe
I'll become a geat trader) The Guru's that say they havethe
secret (for $0000's they'll teach you), I'm sure, that the phase "IF YOU
CAN'T BLIND THEM WITH SCIENCE, BAFFEL THEM WITH BULLSHIT" came froma
student of one of these Guru's that woke up to what was going on but
anything you can take from Gann that works then don't knock it.
There's a yahoo news group called GANNSTUDYGROUP where a guy called
super romeman is posting original papers from Gann, take a look if you
want to see some good stuff.
Grant
jons0045 wrote:
Wavemechanic,
I have spent some time looking at Gann. There is a lot of
interesting stuff. I feel that we should have at least have
some familiarity with the concepts as part of our overall
learning.
However, a problem I have found is this. With so many lines
and circles on the page, you are probably bound to get a
'hit' somewhere. And you can see all these points looking
backwards.
The challenge is to be able to use the technique looking
forwards.
On this point, some say they have mastered the 'secret(s?) of
Gann', but when it comes to the actual practice, from most
you hear little raising speculation that most cursory methods
just may not be useful to the extent hindsight seems to
indicate.
Just my thoughts,
JonS
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