Just looking at some of the transactions in your portfolio.
I’m probably not understanding something here Trader Paul, if you could clarify for me.
but the volume figures would be a reason why these trades couldn't be done with real money?
ITC is even more out of kilter, on the 29th your transactions total over 5 million shares,
but overall volume on that day appears to be only 200,000 shares?
However, disregarding the volume, those stocks could still have been
traded at that time, successfully.
..... just because a limited number were actually traded,
does not mean, that there were not more available to trade, at that time.
I have posted my apology in fairyland right next to your trades and unfortunately for Joe sent him $500 of fairy money so he can buy some fairyland listed BHP.
Thanks Paul for that.
I have posted my apology in fairyland right next to your trades and unfortunately for Joe sent him $500 of fairy money so he can buy some fairyland listed BHP.
Have a nive day
This thread is a fairytale
Nothing less
..... generous of you, th .....
have a great day
paul
=====
Trader Paul, you are truly special...
..... that sucked them in and got the hornets buzzing, again ... lol ...
However, disregarding the volume, those stocks could still have been
traded at that time, successfully.
"TIME is the most important factor of all and not until sufficient TIME has expired does any big move start up or down. When TIME is up, price movement will start and large volume will begin, either up or down."
W.D Gann
Now, with this exercise of following the system on the chart, you can probably already recognize some of
the advantages and disadvantages of the system. One disadvantage is obvious; if the market is in a
non-trending mode or a sideways chop as it is often called, your equity will continually be eroded.
You may suffer a series of aggravating losses being constantly whipsawed until the market finds a direction.
But you will never suffer a devastating loss.
The main advantage to the system is you will never miss a major move. You may miss the first few days
and you may overstay the move and give back some of the last part, but you will catch the major portion
of it.
Even more importantly, you will not be caught on the wrong side of a major move which can often
be fatal.
We also ran this system on the T-bills. We'll now examine the results of this system.
The number of profitable trades was 9.
The number of losing trades was 10.
The maximum dollar gain on any one profitable trade was $5090.
The maximum dollar loss on a losing trade was $1660.
The maximum drawdown was $2,695 or 27%.
The profits after commissions totaled $19,505.00.
The losses after commissions totaled $8,100.00.
Resulting in a net after commissions of $11,405.00.
The required margin was $2,500.
Therefore we required an initial investment of $10,000.
The system was in the market 1.5 years.
Giving us an annualized return of 76%.
OK - have posted a short term chart showing simple calendar days as an example of measuring time in it's absolute basics. The repetitions in time are easy to see in this chart and like other TA, they don't always work out perfectly. It is based on Gann's basic teaching to count tops to tops, lows to lows in addition to ranges which is all found in his book "How to make profits in commodities".
I am not a Gann expert, but have found simple calendar day counts quite useful if it fits in with other TA. For the record, I haven't taken any trades on the basis of the chart below as have only recently drawn them up. This is simply to illustrate to those who are genuinely interested as a very simple method of analysing time.
How to trade it is an individual thing. I could have just as easily shown a chart with fib levels - or a MOB in A/Get. I see time analysis as no more than using any other indicator and the trader/investor will use other TA to prove or disprove a potential date or trade entry. Here is a link to how someone experienced in Gann trades the Gann swing charts. http://www.cycletrader.com.au/gann1.htm
As you can see in the chart below, the XJO is currently running on 21 days. That probably will stop now that I've posted it...
Not interested in arguments, not promoting it as a holy grail or as a must have in trading - take it or leave it as you will. Also, I am not offering any forecasts based on this chart as I find it is better to wait for a possible, useful date to come along and then see if it's stacking up for a trade just as one doesn't forecast that price will definitely hit a fib level. If it hits, then one looks to see if other indicators are stacking up. Same for me using time and I have found forecasting simply hasn't worked for me. I have found it brings the need to be "right" which envokes all the wrong emotions into trading.
Oh, and the dates are taken from the SPI, but I don't have enough SPI data, so have used the XJO to show the idea. I have put the day counts close to the relevant ranges. However, this last range up from the March lows I have shown how that is subdividing and is, at present, running perfectly from that last 42 day B-B.
I am sure there are much more advanced Gann traders out there using much more than basic calendar day analysis - but in the absence of any other information showing time, except for that which Magdoran posted in detail some time ago, I have posted this very basic chart.
Nice chart sails
Does this mean for a gann(er) you go long or short?
Do you expect another top 21 days from the last one or a low 21 days from the previous top?
IE would you be going long or short after that second 21 day top
Thanks
Brad
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