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Honestly speaking this topic is probably one of the most hotly debated areas in technical analysis, and there are very valid comments which state that you must shut yourself out from the world. You read what goes on around you in order to be informed of CONSENSUS only. Apart from that, there is no debate that it can only be yourself thru your own efforts that will succeed.
On Gann, I will give my honest and personal experience. I began trading in 1994 and I first heard about GANN in the same year. I can honestly say that after 15 years there are still things to learn about this man's methods.
You can read his original work, rare writings, research from others and so on, read it 5 times, and think you understand, read it ten times and likewise. You may need to read and apply some of his concepts 100 or more times before it seems to show itself in the markets.
There have been some preliminary comments re Costa, Bowden etc, and to comment only on that, is being, quite honestly, very very narrow.
This man was without doubt the finest market technician in history. That comment is reserved only for those with a public profile. I have no doubt that there are people who remain anonymous that have been successful properly using his approach. Those that have, have managed to discover the truly best aspects of his techniques. Costa and Bowden et all I will tell you now have released rudimentory, and basic concepts publicly. Its dangerous to focus on any one persons application. Instead you MUST research heavily ALL there is available. And its a LONG LONG process. I don't think you can pick up much from publicly sold material. You will need to read as much as you can find whether commercially available or freely available.
If you are yet to find someone who is consistatly successful then its only because they have chosen to remain out of the public spotlight.
INTO 2006 I had patches of success here and there, and my fair share of failure. Along with many I could have just continued without any consistant success. I'll also tell you now that you will NEVER be able to uncover what is required if you have the distractions of a family, wife, and job. It just wont happen. The effort, hours and concentration, the ability to seek higher laws in our Universe and the ability to shut out everything else will be mandatory for your success of understanding this man.
Forget the stories you read about this man, and instead do your own due dilligence and research, and you will discover success unlike you have ever imagined. He has been heralded as the greatest, and he has been heralded as a FRAUD as well. Just like in trading you do your own detective work. Your own results will dictate what the truth is for you personally.
Since the financial debacle in the United States in 2007 I have discovered what I believe to be the essence of what you should apply with his techniques. I owe this to one person and that is William Gann. My best and most consistent results have come ONLY after applying this knowledge.
I'll need to streamline the rest of this response, as you can research and get nowhere with this stuff. GANN angles etc, FORGET IT, its not the essence of this man's work. The angles and commonly used methods are merely additional techniques to add confirmation to a decision. Used in isolation, and used without the core concept of GANNS work is a recipe for disaster.
There are 3 primary or core techniques that GANN used.
1. He was an excellent disciplinarian that could read and understand human nature and behaviour and trade at emotional extremes near tops and bottoms of significance consistantly. I know, I have been doing this for many months. Humans are basically predominantly lazy, behave with a herd mentality, and want things handed to them on a platter. Nowhere is this better reflected than in financial markets. In order to correctly apply this you will need to study back hundreds of years in your chosen market or as long as data will allow. Anything without 90 years or more of available data is to be IGNORED!!!! Your task is to understand and accept that humans DO NOT change. Their action and behaviour under certain conditions is guaranteed to repeat and rhyme with remarkable similarity. In fact this is so powerful that you can overlay charts from tens and hundreds of years ago, lineup and phase shift these charts and the price action and swings will lineup almost perfectly. I have given you one of his core techniques to forecast the future. Go back in time, find the same conditions fundamentally, and know where in your current chart it lines up with that period of history. This is an advanced form of technical analysis and pattern matching that beats the pants off of the so called patterns used by the masses. Its artificial intelligence models, but using your own effort and brain. Nothing can beat our own brains, and I doubt anything ever will.
2. Financial astrology. LAUGH all you want people, and I am sure many of you will switch off right now. There is a correct way to use astrology and I'll tell you now its nothing like the astrology you may think of. This form of analysis can be called an empirical study of the laws of our Universe. PALM reading et all is way off the mark, as is the more commonly understood methods of key geometric angles between the heavenly bodies. No sorry, not even close yet!!! You do indeed apply sacred geometry, but the natural ratios that occur in much of nature is applied very specifically to EACH individual markets HIGHS and LOWS of significance. Seek and ye shall find. You must understand astrological or astronomical concepts and the terminology involved in order to apply this, but the rest is a careful and painstaking empirical analysis of each individual markets highs and lows over decades or even centuries. TIP forget the commonly written methods in this area!!! Work hard and you will begin to see a universe whose laws humans still do not understand.
3. Mathematics and Geometry. This is quite a complex art. Some of the very basic techniques are with so called GANN angles and so on (personally I never use them). It goes way beyond the concept and application of basic geometry and instead shoud lead you to a better understanding of sacred geometry as applied by the ancients. You will need to truly understand the concepts of multidimensional physics, the ability to view time and price as one, and the ability to be able to view financial charts as a representation of higher dimensional physics. Having a background in maths, physics and engineering certainly helps, but it can be understood thru much effort and dilligence. Gann angles, time by degrees and so on, are extremely basic concepts, and they will only work if you apply all of the techniques properly.
I can say, that NOONE can teach any of this. You will have to learn it all thru your own hard work and effort. How about 60 hour weeks or more spent doing nothing else for years!!!!
I'll say now that 99.99% of people and that includes people reading this note will never make it. This requires a passion and willingness to learn unlike anything I have ever experienced. The only reason for my comment here is that I am sick and tired of the C%^$& that is out there, and I can only hope that there will come another person that makes the effort. If this e-mail encourages someone else to achieve success then its been an hour well spent.
As for me I'll go back into my hole, my little office in my house, somewhere here in our Great country, and continue my anonymous existence. Thank God I have been blessed with an understanding wife and I am free of the tyranny of daily life. I left my job in IT in 2006 and have never looked back. Mind you the ability to calculate the major turns and wait only for that moment is a skill I am sure virtualy noone can apply, even those with technical discipline. It takes a profound understanding of our Universe to correctly pinpoint.
You sir who started this thread, the answer is YES, this mans work is a reflection of a gift, and its a pity we as humans cannot undersand all there is to offer. But then again, thats why it will remain so secret, revered, and yet viled by so many.
Good luck, no, I'll finish with good effort.
On Gann, I will give my honest and personal experience. I began trading in 1994 and I first heard about GANN in the same year. I can honestly say that after 15 years there are still things to learn about this man's methods.
You can read his original work, rare writings, research from others and so on, read it 5 times, and think you understand, read it ten times and likewise. You may need to read and apply some of his concepts 100 or more times before it seems to show itself in the markets.
There have been some preliminary comments re Costa, Bowden etc, and to comment only on that, is being, quite honestly, very very narrow.
This man was without doubt the finest market technician in history. That comment is reserved only for those with a public profile. I have no doubt that there are people who remain anonymous that have been successful properly using his approach. Those that have, have managed to discover the truly best aspects of his techniques. Costa and Bowden et all I will tell you now have released rudimentory, and basic concepts publicly. Its dangerous to focus on any one persons application. Instead you MUST research heavily ALL there is available. And its a LONG LONG process. I don't think you can pick up much from publicly sold material. You will need to read as much as you can find whether commercially available or freely available.
If you are yet to find someone who is consistatly successful then its only because they have chosen to remain out of the public spotlight.
INTO 2006 I had patches of success here and there, and my fair share of failure. Along with many I could have just continued without any consistant success. I'll also tell you now that you will NEVER be able to uncover what is required if you have the distractions of a family, wife, and job. It just wont happen. The effort, hours and concentration, the ability to seek higher laws in our Universe and the ability to shut out everything else will be mandatory for your success of understanding this man.
Forget the stories you read about this man, and instead do your own due dilligence and research, and you will discover success unlike you have ever imagined. He has been heralded as the greatest, and he has been heralded as a FRAUD as well. Just like in trading you do your own detective work. Your own results will dictate what the truth is for you personally.
Since the financial debacle in the United States in 2007 I have discovered what I believe to be the essence of what you should apply with his techniques. I owe this to one person and that is William Gann. My best and most consistent results have come ONLY after applying this knowledge.
I'll need to streamline the rest of this response, as you can research and get nowhere with this stuff. GANN angles etc, FORGET IT, its not the essence of this man's work. The angles and commonly used methods are merely additional techniques to add confirmation to a decision. Used in isolation, and used without the core concept of GANNS work is a recipe for disaster.
There are 3 primary or core techniques that GANN used.
1. He was an excellent disciplinarian that could read and understand human nature and behaviour and trade at emotional extremes near tops and bottoms of significance consistantly. I know, I have been doing this for many months. Humans are basically predominantly lazy, behave with a herd mentality, and want things handed to them on a platter. Nowhere is this better reflected than in financial markets. In order to correctly apply this you will need to study back hundreds of years in your chosen market or as long as data will allow. Anything without 90 years or more of available data is to be IGNORED!!!! Your task is to understand and accept that humans DO NOT change. Their action and behaviour under certain conditions is guaranteed to repeat and rhyme with remarkable similarity. In fact this is so powerful that you can overlay charts from tens and hundreds of years ago, lineup and phase shift these charts and the price action and swings will lineup almost perfectly. I have given you one of his core techniques to forecast the future. Go back in time, find the same conditions fundamentally, and know where in your current chart it lines up with that period of history. This is an advanced form of technical analysis and pattern matching that beats the pants off of the so called patterns used by the masses. Its artificial intelligence models, but using your own effort and brain. Nothing can beat our own brains, and I doubt anything ever will.
2. Financial astrology. LAUGH all you want people, and I am sure many of you will switch off right now. There is a correct way to use astrology and I'll tell you now its nothing like the astrology you may think of. This form of analysis can be called an empirical study of the laws of our Universe. PALM reading et all is way off the mark, as is the more commonly understood methods of key geometric angles between the heavenly bodies. No sorry, not even close yet!!! You do indeed apply sacred geometry, but the natural ratios that occur in much of nature is applied very specifically to EACH individual markets HIGHS and LOWS of significance. Seek and ye shall find. You must understand astrological or astronomical concepts and the terminology involved in order to apply this, but the rest is a careful and painstaking empirical analysis of each individual markets highs and lows over decades or even centuries. TIP forget the commonly written methods in this area!!! Work hard and you will begin to see a universe whose laws humans still do not understand.
3. Mathematics and Geometry. This is quite a complex art. Some of the very basic techniques are with so called GANN angles and so on (personally I never use them). It goes way beyond the concept and application of basic geometry and instead shoud lead you to a better understanding of sacred geometry as applied by the ancients. You will need to truly understand the concepts of multidimensional physics, the ability to view time and price as one, and the ability to be able to view financial charts as a representation of higher dimensional physics. Having a background in maths, physics and engineering certainly helps, but it can be understood thru much effort and dilligence. Gann angles, time by degrees and so on, are extremely basic concepts, and they will only work if you apply all of the techniques properly.
I can say, that NOONE can teach any of this. You will have to learn it all thru your own hard work and effort. How about 60 hour weeks or more spent doing nothing else for years!!!!
I'll say now that 99.99% of people and that includes people reading this note will never make it. This requires a passion and willingness to learn unlike anything I have ever experienced. The only reason for my comment here is that I am sick and tired of the C%^$& that is out there, and I can only hope that there will come another person that makes the effort. If this e-mail encourages someone else to achieve success then its been an hour well spent.
As for me I'll go back into my hole, my little office in my house, somewhere here in our Great country, and continue my anonymous existence. Thank God I have been blessed with an understanding wife and I am free of the tyranny of daily life. I left my job in IT in 2006 and have never looked back. Mind you the ability to calculate the major turns and wait only for that moment is a skill I am sure virtualy noone can apply, even those with technical discipline. It takes a profound understanding of our Universe to correctly pinpoint.
You sir who started this thread, the answer is YES, this mans work is a reflection of a gift, and its a pity we as humans cannot undersand all there is to offer. But then again, thats why it will remain so secret, revered, and yet viled by so many.
Good luck, no, I'll finish with good effort.
