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Hi Lester,
Saturday, March 3, 2007, 9:29:04 PM, you wrote:
LV> I'm not sure what significance anything conceived by Gann in
LV> 1930s has in today's markets. As far as I know, Gann was using
LV> 3-day or 5-day bars instead of daily, astrology, etc. in his
LV> research. Just keep it in mind when looking at his ideas. On the
LV> other hand he still has lots of followers today, let's see if
LV> there are any of them on this forum.
LV> Lester
To which I'll add:
There are only three things that "help me make trade decisions".
1) a really solid backtest
2) confidence in my ability to terminate any trade "without
prejudice", as the saying goes
3) remembering that crooks are drawn to money games like cockroaches
to spoiled food
I can never remember which of these "helpers" is the most important,
however. But number 2 will save you if you forget number 3, or if
number 1 suddenly proves to be not so useful going forward.
^_^
Yuki
LV> --- In amibroker@xxxxxxxxxxxxxxx, "Charles J. Dudek" <trader@xxx> wrote:
>>
>> How the heck do you use these things? I did some cursory research on
>> them (Gann Circles, actually) and the theory seem more metaphysical
>> than scientific, but I'm just curious how they are used. When I
>> select a top and bottom, I end up with a rectangle in the past. I'm
>> not sure how that helps me make trade decisions. Can somebody
>> familiar with these explain? Gann Fans don't have any significance
>> for me either. I'm not sure what significance the angles have, if any.
>>
>> Chuck
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