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I understand this type of thing. Thomas Jefferson said, " though an old man
I am but a young garderer." My meaning is as with any skill, that the
learning process is never finished. However, within a reasonable period of
time you should be able to understand all of the basics and end your student
status just as you would graduate from College. Then within another
reasonable amount of time you should be able to put your skills into
practice. The process of honing those skills can be a lifetime effort.
Brent
>
>
> Brent wrote:
>
> > when do you stop becoming a student and become a master
> > of Gann. Norman W. told me that he has studied Gann for about 25 years.
If
> > it takes 25 years to understand Gann I can't wait that long.
>
> Brent,
>
> You may want to read "45 years in Wall Street" Thou many consider
Gann a
> master, he himself always said you must continue learning. Claiming that
there
> was still more to learn, before he died.
>
> >
> >
> > Also I'm not going to read the approximately 5000 books that Gann
> > recommended either. It's hard to believe that anyone actually brings all
the
> > bunk about time, numerology, angles, astrology, etc. etc. to bear on
actual
> > trading.
>
> You should see some of the charts I do, just to place a trade. I don't
use
> astrology yet, but I use a lot of other things that Gann taught. Some may
think
> its crazy but I'm at peace with knowing approx. were support and
resistance
> maybe.
>
> > I think that I am getting a handle on
> > some of this simple method and it might even be something that can be
done
> > mechanically. The note I posted before about his being a swing trader
and
> > using his EOD analysis as a back drop lends support to this idea.
>
> The process taught by Gann can NEVER be mechanical. (IMO). On page 18
it
> says:
> " A wise man changes his mind; a fool never. A wise man investigates and
then
> decides, and a fool just decides. In Wall Street, the man who does not
change
> his mind will soon have no change to mind."
>
> But one thing that can be made mechanical is the stop loss, which is
repeated
> many times threw out the book.
>
> >
> >
> > It seems that every body that pays out big bucks to buy (over priced)
Gann
> > courses turn around and then go into the business of selling it
themselves.
> > Buyer beware, there is a lot of scams, shams and rip-offs out there
> > associated with Gann.
> >
>
> I can agree with this, for a while many of us were talking about "Dynamic
> Trading by Robert Miner". After further study, IMO Robert Miner only
covered
> ~20% (very generous) of Gann's work. And in the current issue of Traders
World
> Magazine (which I'm not happy with) there are some who advertise some very
> outrageous claims.
>
> Example: "What are the keys to finally understanding Gann and Elliott?"
Its an
> mechanical black box system. At the bottom of the page it says " Know
which 90%
> of Gann or Elliott's work to AVOID."
>
> Happy New Year,
>
> Joe Frabosilio
>
>
>
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