Or, in Gann's case, See one...lose one...teach one. Which is also the case with the vast majority of published "experts" in trading.
Gann's work is worthless. So is fibo, macd & all this other junk. Organic market data is all one needs to succeed. Trade price, highs & lows. I have a client who used to talk about Gann. He used to talk about Graham Loving & other gurus as well. The guy never made a trade in his life. His money is all managed by others. Good luck with Gann. You can read ten books & still not know what to do. Might as well be studying Jack Hershey.
Hello GCSICLRBC, thank you for your reply. I don't think we can confirm some theory is not right only by some one failed to use the theory.For each theory or method, no matter what good, it will never be used well by everyone. Don't you think so?
Interesting. What I have found around the business of trading is that there are a lot of people who put words together that they find in a book, then say that they "read" the book. There is something called reading for comprehension. It is amazing to c how many people claim literacy in the skill of reading, but do not understand what it is that they have read. Mr. Gann used principles called support and resistance. He also used a concept called following the trend. A third concept that he used was called a squaring price, and time. Today, we would call this a moving average. Here are three pieces of advice that if followed will alone turn ur trading around.
The charts you post are very good. They are worth studying. W.D gannmasterstockmarcketcourse is a good book and course. What is pity is that it is never of public distribution, and I just hear of it.
Yes, I have in fact read and studied probably 90% of the trading books that have been published in the past 10 years. And I regret to say that of those many hundreds of thousands of words, I could probably summarize the truly valuable information in about 500 of those words. And a good editor could probably cut that down to 200. But in the long run reading about trading is kind of like reading about sex. You don't really know what it's about until you just do it.