|
PureBytes Links
Trading Reference Links
|
Hello Chuck,
I am an unabashed Meta-Physician, but I don't want to do a dissertation
on that subject here.
I haven't studied Gann so I can't speak with any authority and hence I
can't speak to your specific points
Some Generic comments though.
I flick read a few lines of a book written by a Gann interpreter; * The
WD Gann Method of Trading* by Gerald Marisch.
In the introduction Mr Marisch claims that Mr Gann achieved 80-90%
winnning trades over a long trading period.
If that is true it is an extra-ordinary achievement (assuming that
translates into a Profit Factor > 3 -4.
If that performance was objectively verified I will definitely sit up
and take notice.
Mr Marisch then goes on to state that Mr Gann believed that *a natural
order existed for everything in the universe ....and that this was a
basis for life and a trading method....that price movement is pre-
determined and hence predictable....Gann's time periods included
biblical references* (I am para-phrasing rather than quoting verbatim).
Selectively using some elements of Ganns *methods* e.g. mathematical
patterns is one thing.
The above summary of Mr Ganns philosophy is something else again?
Within the last six months the forum has discussed astrological trading
and cosmic patterns/chart patterns as defined by I Ching hexagrams.
Speaking as a trader, the problem I have with these subjects, including
the *essential Gann*, is that there are no champions in the forum
willing or able to come forward and demonstrate a method (I believe
some code for calculating moon cycles has been posted in the AFL
library, but one swallow a summer does not make).
Dr Howard Bandy offered to backtest any astrological system put forward
but there where no takers.
For myself, I am both a subjective and objective analyst, without any
contradiction.
Inside the trading room I am a highly analytical, objective trader.
Outside of the trading room I am a very creative trader (almost a
temperamental artist in fact).
The application of subjective analysis in a trading context mainly
comprises Trading Psychology.
If Astrology, Numerology etc can be applied to trading, it seems to me
that would be an incredibly difficult thing to do; objective methods
seem a lot easier.
I don't attempt it because, to me, it would be like driving a tent peg
in with a Stradivarius violin.
BrianB2.
--- 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
>
------------------------ Yahoo! Groups Sponsor --------------------~-->
Transfer from your equities account.
Receive up to $1,000 from GFT. Click here to learn more.
http://us.click.yahoo.com/aZttyC/X_xQAA/cosFAA/GHeqlB/TM
--------------------------------------------------------------------~->
Please note that this group is for discussion between users only.
To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/
For other support material please check also:
http://www.amibroker.com/support.html
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/amibroker/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/amibroker/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:amibroker-digest@xxxxxxxxxxxxxxx
mailto:amibroker-fullfeatured@xxxxxxxxxxxxxxx
<*> To unsubscribe from this group, send an email to:
amibroker-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|