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<P><FONT color=#000000 face=Arial size=2> And What the hell does Elder
know? A simple TA primer that rehashs indicators that don't work well. His
examples are futures, there is only about 5 stock charts. But his book seem to
be appropriate to the level of TA knowledge expressed in this list.</FONT></P>
<P><FONT color=#000000 face=Arial size=2><FONT>BTW: Where does Elder's money
come from? Books? As I understand he does not trade much, and if he used
anything in his book, I doubt he could be sucessful. You and others would do
more for your accounts if you applied GANN/Fibonacci to your trading. But I
don't think many on this list will.</FONT> </FONT>
<P><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Dick Jurgens <mobldick@xxxxxxxxx><BR><B>To:
</B>metastock-list@xxxxxxxxxxxxx
<metastock-list@xxxxxxxxxxxxx><BR><B>Date: </B>Saturday, August 02, 1997
12:42 PM<BR><B>Subject: </B>Re: [Fwd: Square of time]<BR><BR></P></FONT><FONT
size=2>Hi Frank,<BR><BR>I'm not knowledgable about Gann techniques, but people
keep mentioning<BR>them here and there.......I've been trying to remember where
I read<BR>this, and yesterday I finally found it.<BR><BR>Take a look at page 23
of the Elder book "Trading for a Living". Dr.<BR>Elder recounts a
personal interview with Gann's son, who said that Gann<BR>was unsuccessful as
trader, but made a living selling his techniques. He<BR>died leaving only a
house worth approx. 100k,......a far cry from the<BR>claims of 50 Million that
seem to persist.<BR><BR>BTW, I'm not saying his techniques don't work....just
that his legend<BR>may be more of that, than fact. <BR><BR>From what TM Murrey
says, it works pretty good for Murray Math !<BR><BR>Dick <BR><BR><BR><BR>Frank
B. Gaylord wrote:<BR>> <BR>> At 07:04 AM 8/1/97 -0700, Marco Guglielmo
wrote:<BR>> >Very strange: non body in the list is available to talk about
the Gann's<BR>> >techniques;<BR>> >Is it due they are out of
time or they are difficult to understand or<BR>> >are so precious that who
know does not like to talk about them?<BR>> ><BR>> >As far as for my
knowledge the fundamentals of Gann's techniques are very<BR>> >interesting
and I would be very happy in seriously learning his methods.<BR>>
><BR>> >RGDS<BR>> ><BR>> >Marco Guglielmo<BR>>
>(Turin,Italy)<BR>> ><BR>> Marco -<BR>>
<BR>> I, too, wish to hear more of Gann's
techniques.<BR>> <BR>> -- Frank :-)<BR>> <BR>> High Return on
Investment using Technical Analysis<BR>> <A
href="http://www.usinternet.com/users/fbg/";>http://www.usinternet.com/users/fbg/</A><BR>>
<BR>> Minnesota Long Distance Canoe Racing<BR>> <A
href="http://www.usinternet.com/users/fbg/mnlong/";>http://www.usinternet.com/users/fbg/mnlong/</A><BR>>
<BR>>
------------------------------------------------------------------------<BR></FONT></BODY></HTML>
</x-html>From ???@??? Sat Aug 02 16:15:33 1997
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Date: Sat, 02 Aug 1997 11:25:14 -0700
To: Dick Jurgens <mobldick@xxxxxxxxx>, metastock-list@xxxxxxxxxxxxx
From: RRodgers <richrobn@xxxxxxx>
Subject: Re: [Fwd: Square of time]
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Hi All, it's puzzling (the trading life of Gann) when his son in an
interview metions he made a living selling his techniques, but there was
the official documentatin of his trading over a period of 250 trades (give
or take), he made 230 successful trades. Basically, the no. of trades were
around the mid 200's and successful were all but 30 or 40 trades.
Documented by a reporter who Gann allowed to document those trades.
Of course, he was known as the best marketer alive and was said to be able
to "sell ice boxes to the eskimos living in igloos" (that's a quote from
the turn of the centure, no offense meant), but his success was still more
than just his trendlines and angles. Joe Duffy uses a lot of Gann (Robbins
World Trading Cup - Top 3 Champions), and he uses more Gann than his angles
of climb and retracement. There's a number chart Gann devised off a square
that Joe uses (and others) as well. (Visit http://www.realtraders.com)
Although Mr. Murrey (Murrey Math) gets a little loud and aggresive with us
with his dares and challenges, his knowledge of trading and his personal
exhaustive studies of Gann, and just general knowledge overall allows me to
overlook the personality (abrupt and rough? We all have our personalities
and we all have those who like us and disklike based on our personality
alone). In truth, he has made available what Gann either 1) did not give
out (held some back from public knowledge) and/or 2)did not carry quite far
enough in his own works (for whatever reason.
Yes, I did order his book and his lessons, and trading it, and it's valid
and working. Murrey Math can be used for several or more trading pops a
day all the way up to short, intermediate and long-term trades. I'm not
set up to do the intra-day yet to do it consistently, but I've seen it
perform enough to where I will make a complete turn-around and trade
intra-day on a regular basis.
Lastly, there may be a reason Mr. Gann didn't leave his fortune to his son
or family. Or the son doesn't want to admit he has a ton of money, or...we
could speculate a hundred different scenarios for Mr. Gann and his son.
Thanks for your time - Richard
At 07:26 AM 8/2/97 -0700, Dick Jurgens wrote:
>Hi Frank,
>
>I'm not knowledgable about Gann techniques, but people keep mentioning
>them here and there.......I've been trying to remember where I read
>this, and yesterday I finally found it.
>
>Take a look at page 23 of the Elder book "Trading for a Living". Dr.
>Elder recounts a personal interview with Gann's son, who said that Gann
>was unsuccessful as trader, but made a living selling his techniques. He
>died leaving only a house worth approx. 100k,......a far cry from the
>claims of 50 Million that seem to persist.
>
>BTW, I'm not saying his techniques don't work....just that his legend
>may be more of that, than fact.
>
>From what TM Murrey says, it works pretty good for Murray Math !
>
>Dick
>
>
>
>Frank B. Gaylord wrote:
>>
>> At 07:04 AM 8/1/97 -0700, Marco Guglielmo wrote:
>> >Very strange: non body in the list is available to talk about the Gann's
>> >techniques;
>> >Is it due they are out of time or they are difficult to understand or
>> >are so precious that who know does not like to talk about them?
>> >
>> >As far as for my knowledge the fundamentals of Gann's techniques are very
>> >interesting and I would be very happy in seriously learning his methods.
>> >
>> >RGDS
>> >
>> >Marco Guglielmo
>> >(Turin,Italy)
>> >
>> Marco -
>>
>> I, too, wish to hear more of Gann's techniques.
>>
>> -- Frank :-)
>>
>> High Return on Investment using Technical Analysis
>> http://www.usinternet.com/users/fbg/
>>
>> Minnesota Long Distance Canoe Racing
>> http://www.usinternet.com/users/fbg/mnlong/
>>
>> ------------------------------------------------------------------------
>
>
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