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You make one assumption that is incorrect. If someone is a successful trader,
using Gann or any other system, he will want to be a high powered fund manager
with a gazillion dollars under control. There are many successful traders that
just want to be left alone, do their thing and be happy.
A sign of success is not being a fund manager, or a CTA managing millions.
Success is being able to do anything you want any time you want to do it.
Everything that is legal of course. Ira
Scot Billington wrote:
> ...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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