About William Derber Gann

Kumo Bob · May 23, 2009

Quote from ARealGannTrader:

Lol, yes we do.

And I say to u and the OP that once properly understood, Gann is superior to any trading method out there, bar none.

There is a reason his picture hangs at a major exchange.
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I'm new to Gann Theory, but I get that it takes a lot to learn how to use it. Can you suggest some good blogs that are oriented toward Gann?

Kumo Bob · May 23, 2009

I must be part of the far out crowd. I base my trades on Fibonacci, Elliott Wave, and Ichimoku Kinko Hyo as well as other math oriented systems.

I often trade according to the cyclical patterns when they appear, so the Gann theory does not seem to far out. I've heard that June 6th is a special Gann day. I don't know if that is supposed to be a peak or a low but I'm going to be watching to see if the Gann theory calls this correctly.

I appreciate your reply, and the details provided. I'm not on board with Gann just yet, but I'd like to find a blog where the Gann theory is used in order to make a judgment.

HATEtheRisk · Apr 9, 2012

Quote from TSGannGalt:

Hrrrmmm...

Interesting how the experts didn't catch that it's William Delbert Gann. A few facts about WD Gann is that ... (his son was a stock analyst and "exposed" this a while back) that his father made most of his money through all the speeches and books he sold, rarely made money trading. Also, the man died broke.

His son says that his dad was a very good self-promotor. His bible thing "Magic Word" was a religious scheme to attract conservative Christians for his service. Of course, no one has to believe me and I don't care if they do... but others agree like Alexander Elder, in his book Trading for a Living:

"Various opportunists sell "Gann courses" and "Gann Software." They claim that Gann was one of the best traders who ever lived, that he left a $50 million estate, and so on. I interviewed W.D. Gann's son, an analyst for a Boston bank. He told me that his famous father could not support his family by trading but earned his living by writing and selling instructional courses. When W.D. Gann died in the 1950s, his estate, including his house, was valued at slightly over $100,000. The "legend" of W.D. Gann, the giant of trading, is perpetuated by those who sell courses and other paraphernalia to gullible customers."

Try Google searching... you'll find more about how he was a snake oil.

Oh... in terms of John L. Gann Jr. (Gann's grandson), there was a little talk about how he was paid around $20,000 by some publishing company(which published WDGann's material) to write about his grand-daddy, after his Dad passed away.

It's something to keep in mind.

Now go on talking about WDGann.
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I am shocked.

Now Gann isnt my hero anymore.

But what he wrote sounded so true.

Who is then my hero, Richard Dennis, i guess.

Ah no, better i be my own hero.

I dont can predict highs or lows and when they occur, but i can predict when the markets starts to move and to which price it goes at least in a given time window. It always can go further, thats why i trade the cycle to the end.

Still on of my trading facts is, that time cycles lead the price cycles, buts that all not 100% predictible, because once the move started, every support and resistance can stop the momentum of the move and end the cycle, but in most cases the move, the pattern will work perfect out.

I stay my own hero.
My name is HATEtheRisk and i am the greatest trader of all times.
Its sad to know, but i am probably to only guy who will ever have a 90% winrate in trading. I never thought that i am so damn smart, great that it paid out. LOL

One advice to all the losers, dont think too complicated. My trading is really easy if you have got it. I basically look on clear price pattern who repeat all the time, actually this pattern are what the market is, around 5 pattern, who are stuck in each other all the time, in cycles in cycles, within price and time cycles of support and resistance areas and the begin and end of important time bars, like Daily, Weekly, Monthly - Bars.

Who cares, i make tha money, right now. LOL

PEACE

j2ee · Sep 27, 2012

Quote from TSGannGalt:

Hrrrmmm...

Interesting how the experts didn't catch that it's William Delbert Gann. A few facts about WD Gann is that ... (his son was a stock analyst and "exposed" this a while back) that his father made most of his money through all the speeches and books he sold, rarely made money trading. Also, the man died broke.

His son says that his dad was a very good self-promotor. His bible thing "Magic Word" was a religious scheme to attract conservative Christians for his service. Of course, no one has to believe me and I don't care if they do... but others agree like Alexander Elder, in his book Trading for a Living:

"Various opportunists sell "Gann courses" and "Gann Software." They claim that Gann was one of the best traders who ever lived, that he left a $50 million estate, and so on. I interviewed W.D. Gann's son, an analyst for a Boston bank. He told me that his famous father could not support his family by trading but earned his living by writing and selling instructional courses. When W.D. Gann died in the 1950s, his estate, including his house, was valued at slightly over $100,000. The "legend" of W.D. Gann, the giant of trading, is perpetuated by those who sell courses and other paraphernalia to gullible customers."

Try Google searching... you'll find more about how he was a snake oil.

Oh... in terms of John L. Gann Jr. (Gann's grandson), there was a little talk about how he was paid around $20,000 by some publishing company(which published WDGann's material) to write about his grand-daddy, after his Dad passed away.

It's something to keep in mind.

Now go on talking about WDGann.
More...

Very good reply!!!

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About William Derber Gann

Kumo Bob

Kumo Bob

HATEtheRisk

j2ee