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My Gann based trading is turning out to be more simple than I ever imagined.
When you know that you are in harmony with the market it is quite
aesthetically pleasing. Like a master craftsman there is satisfaction when
you are doing a fine and careful job (of floating a boat or what ever).
How many lines are enough. Why not just be a tape reader and forget charts,
or trade fundamentally with the news. Likewise, you should only use the
important part of your mathematical formula, just leave out the rest.
It's kind of like saying that you've never eaten chocolate, you prefer sugar
candy anyway, so you aren't going to taste any chocolate. I'm just delighted
that very few want to learn about these things.
Brent
----- Original Message -----
From: "Dennis Holverstott" <dennis@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, January 15, 2000 1:10 PM
Subject: [RT] Re: Of boxes, vectors, pivots and S/R lines
> I'll confess to being relatively ignorant about gann, elliot, fib, etc.
> Too subjective for my taste. I prefer a clearcut mathmatical formula
> that only has 3 possible outputs.... long, short, flat. And I'm
> particularly suspicious of any method that cloaks itself in mysticism
> and comes off sounding like a religious cult. But that's just me. If it
> works for you, more power to you.
>
> My impression is, if you draw enough lines on a chart, one of them HAS
> to be right after the fact. You can look back and say AHA - SEE, the
> price turned right at that line. The big problem is deciding which one
> of those hundreds of lines is the one to use before it's too late to
> trade it. You might say some of the lines are more important than
> others. If that's true, then why don't you just draw the important one
> and eliminate the other 99 from your chart? But, like I said, whatever
> floats your boat.
>
> Booleanly,
> Dennis
>
>
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