Australian (ASX) Stock Market Forum

WD Gann: Rules for Trading

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I've heard the same. I felt a bit the same about Elliot waves but all of the Elliot fans who have posted live calls have convinced me to keep an open mind and maybe buy a book on it one day. I haven't seen any live Gann calls as of yet. (Hint, Hint Battman64!)

MIT
 
I think he was broke to millionaire a few times- you try working out a trading system that works all the time with a pen and paper. :D

His rules seem to be o.k. but I don't know about his system.
 
Battman64 said:
You will find Gann rules in most, if not all trading systems.
Click to expand...
I agree Battman, personally I find little difference between many of his price rules and fibonacchis. It is the introduction of time that first set him apart from Dow theory, fibos etc.
 
Mofra,

I don't think using astrology is much like other trading systems. Also the Gann education websites seem to pump him up to such an extent that using it you can make accurate predictions of turning points. No other TA system goes that far.

Other TA systems, excluding the scamsters, are more a balance of probability things rather than actual predictions.

I think that it is a little annoying that I have seen on a number of forums Gann followers pumping Gann up, showing hindsite trades but not putting the system on the line by making trading live.

MIT
 
I can not agree more.
The people that study Gann in depth are very secretive.
It takes a considerable amount of Time and Money to start to understand many of Gann's trading tools.
The majority of Gann people I know just go quietly about their business.
 
Often a little Knowledge is a dangerous thing.
People tell me Gann doesn't work.
That is fine..what they are saying is that it doesn't work for them.
A lot of information I see on the internet is incorrect.
Please be very careful of free info. :2twocents
 
If it works, show us in realtime.
In my experience, in referance to the secretness of Gann traders, the reason traders are secretive is that they are losing money.
 
Don't you just love some of these websites?

We just provide a daily chart showing Support/Resistance levels and also possible turning points for markets, mainly the Share Price Index (SPI).

I have found that if you specialize in one area and really get to know one market,firstly it becomes easier to trade and secondly people will pay you for your knowledge.
 
I originally replied as I wanted to keep an open mind.

Learning to trade is not hard if you are reasonably numerate. It is our psychology that lets us down when we are starting out.

If learning to trade Gann takes years and a lot of money then the returns must exceed most trading systems by a great deal otherwise why would you bother.

To quote the Australian Skeptics "Extraordinary claims require extraordinary proof". Almost all trading styles are traded live somewhere. One guy who only trades fib retracements trades live on FXCM. I have seen a lot of Elliot traders putting up charts here and in ReefCap with forecasts of movement.
 
One of our traders (we got well known as the GannClan) called many Major turning points for the SPI on Reefcap. He also called many trades off the open with considerable success. The threads got deleted and he was banned from posting. We do not know why. We have copies of the threads.
 
You were banned because (personal name deleted) found you posting under various names.
In the end you were talking to yourself and patting yourself on your own back.
 
Battman64 said:
One of our traders (we got well known as the GannClan) called many Major turning points for the SPI on Reefcap. He also called many trades off the open with considerable success. The threads got deleted and he was banned from posting. We do not know why. We have copies of the threads.
Click to expand...

Battman,
I have no knowledge of those reefcap threads you mention but you are more than welcome to post your predictions and explanations here (start a new thread in the Derivatives forum if it's on the SPI), as long as you have the usual disclaimer about it not being financial advice or the like.

In case you are considering posting those old threads you mentioned I don't think it is necessary atm. Better to deal with future events than to dredge up those old threads. When you post live here no one can say you did it in hindsight as the date stamps can't be changed without Joe knowing.

Most of us are skeptical and believe it's not as accurate or as reliable as people say; money and risk mgmt are the key imho (even Safety in the Market stresses that).

So, time for some action Battman, I'm sure you can't wait to show us some Gann magic. Over to you.
 
It is not true.
I personally have never sent you an email.
Not even one, and you have never sent me one either.
I have never sent anyone an abusive one in my life.
You have my word.
 
Beat me to it.
I decided to delete the email bit as I wasnt keen to start the rubbish flowing again.

I know different (name edited out by moderator- against code of conduct) but if you wish to leave it at that so be it.

I guess now you know the reason---not that (personal name deleted) kept you in the dark.
Clever how you avoided that truth to defend yourself.

Anyway perhaps youve turned a new leaf?
 
tech/a said:
Beat me to it.
I decided to delete the email bit as I wasnt keen to start the rubbish flowing again.

I know different ..... but if you wish to leave it at that so be it.

I guess now you know the reason---not that (personal name deleted) kept you in the dark.
Clever how you avoided that truth to defend yourself.

Anyway perhaps youve turned a new leaf?
Click to expand...

Please can you show me the email.
It is not from me.
I give you my word.
 

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