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...Gann and Gilmore's enormous fortunes. Gann, who allegedly made $50
million in the 20s-30s trading futures, would have a fortune of $1.6 billion
if it earned 6% from then until now. Where is all this money? Gilmore has
been around selling books, seminars, and programs for over 10 years. He has
obviously sold tons of them as it has kept him alive. Out of all of those
students, why are none of them big time money managers today? I am looking
for one disciple. Before anyone starts in on the regular retorts, which I
ADMIT have SOME merit, do not forget that 15 years ago Dennis and Eckhardt
taught their methods to 24 people and 4 of them are among the largest CTAs
in the world today. Both the teachers are too. How many gazillions of
people have read Gann books and Gilmore's stuff? Are any of them successful
CTAs? Out of all the authors and experts on Gann, why are none of them
money managers? Why do they continue to sell books? I could see selling
some to finance a trading nest egg, but the authors and names are the same.
A lot of them do well in letter writing contests and some even win little
trading tournaments. I don't doubt that there will be multiple replies to
this talking about the author's 600% return in two weeks after drawing a
Gann angle (which by the way crosses different points depending on the size
of your graph paper and how much you assign to each box.). None of those
repliers will have been successful over 10 years. None will have an NFA
audited track record. They will be plenty mad and plenty sure of
themselves.
There are certainly an infinite number of ways to make money in the markets.
I am open to the possibility that ANY type of method could produce an edge.
I'll test anything. Some of you should perhaps open your mind to the
possibility that Gann/Gilmore/Elliott Wave/Time and price etc. do not create
an edge and merely produce random trades. Many of your successful examples
are the ultimate form of curve fitting.
sb
----- Original Message -----
From: Don Thompson <detomps@xxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, December 08, 1999 11:20 AM
Subject: [RT] Re: First and Foremost {02}
>
> Myles,
>
> I guess the answer is in Gann's Natal chart. To defer to typical astro
> cop out..
> All those planets in the 9th house pushing him to get answers to his
> questions.
>
> The point I didn't make is that Gann used both, astrology and Price-Time
> squaring.
> If you have the Astrology mastered but not the Price-Time squareing
> mastered, you leave yourself vulnerable to Mr. Drawdown, since price has
> the tendancy to invert on Astronomical cycles. And is no way predictable
> in advance. Much to the consernation of most Astro Forecasters.. The
> standard stupid answer when astro doesn't work is that, "uuuhhhh it
> didn't work this time, must be an inversion"..
>
> I questioned Gilmore about the soybean chart in Kaufman's book. He said
> that is what got him started. His point, which I will reiterate, it was
> the squaring of time and price that nailed THE TIME of the CIT- NOT THE
> ASTRO in soybeans. I gather from watching the guy call his trades in
> public that he uses solar degrees as a TIMING mechanism but only as
> part of his arsenal of analysis.
>
> So once again. When time and price square then there is a change in
> trend, Not before. All else is "Tunnel through your Wallet".
>
> I honestly have no problem with astrology. It has proven itself to me.
> It is the wonderland of Time-Price squaring that holds the second side
> of Gann's thesis.
> So, at this point in my research career, it is proven to me well enough
> that the Gann man had something else going besides raw astro power in
> nailing his trades.
>
> Conjunctively,
>
> Don
>
>
>
> "myles@xxxxxx" wrote:
>
> > So Why would Gann bother with astrology if he already had this
> > fantastic system worked out?
> > Myles Wilson Walker.
> >
> > Don Thompson wrote:
> >
> > > Norman,
> > >
> > > I recently heard the same thing from Bryce Gilmore, It was his
> > > contention that Gann had the price time theory mapped out and making
> > >
> > > money before he connected it to Astrology. Gilmore's testing is
> > > that
> > > any CIT of major import is nailed by precise geometrical
> > > relationships,
> > > usually 3 to 4 or so. Squaringly,
> > >
> > > Don
> > >
> > > nwinski wrote:
> > > >
> > > > Adam Hefner wrote:
> > > >
> > > > > I am not a Gann expert, but it is my understanding that Gann
> > > developed his
> > > > > geometry methods early in his career, and didn't use astrology
> > > until his
> > > > > later years......so I question the "First and foremost".
> > > > >
> > > > > Adam Hefner,
> > > >
> > > > My source of information is someone who was Gann's partner
> > > for 10 years and
> > > > his father worked with Gann before he did. Both son and father
> > > were Astrologers.
> > > > What is your source of information?
> > > > Anyone read "Tunnel Thru The Air"? It is a gold mine of hidden
> > > Astrological
> > > > patterns. It tells what Astrological patterns Gann used to trade
> > > the markets.
> > > > But, you have to know enough Astrology to be able to check out
> > > Gann's dates in
> > > > an ephemeris. This book has been fully decoded by Bonnie Hill on
> > > video via a
> > > > lecture she gave about 3 years ago.
> > > >
> > > > Cosmically,
> > > >
> > > > Norman
> > > >
> > > > >
> > > > >
> > > > > ----- Original Message -----
> > > > > From: "nwinski" <nwinski@xxxxxxxxxxxxxxx>
> > > > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > > > Cc: <realtraders@xxxxxxxxxxxxxxx>
> > > > > Sent: Tuesday, December 07, 1999 6:03 PM
> > > > > Subject: [RT] Re: Gen: Keep it quiet. {02}
> > > > >
> > > > > >
> > > > > >
> > > > > > Brent wrote:
> > > > > >
> > > > > > > I have been reading one of Gann's books I'm astounded by
> > > just the few
> > > > > things
> > > > > > > that I've read in the first 50 pages. I have been writing
> > > indicators to
> > > > > test
> > > > > > > these things and I can't hardly believe my eyes. No one must
> > > actually
> > > > > read
> > > > > > > this stuff. I never hear anyone talk about it. I'm seriously
> > > thinking of
> > > > > > > throwing all my old analysis away. I didn't think much about
> > > Gann until
> > > > > I
> > > > > > > figured out how to put Gann angles on charts. After that I
> > > could see
> > > > > that
> > > > > > > there might be something to it. I'm just dumbfounded.
> > > > > > >
> > > > > > > Brent,
> > > > > >
> > > > > > Just wait until you add Astrology to your analysis.
> > > First and
> > > > > foremost,
> > > > > > Gann was an Astrology.
> > > > > >
> > > > > > Best Wishes,
> > > > > >
> > > > > > Norman
> > > > > >
> > > > > >
> > > > > >
>
>
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