Thats perfectly fine. A good traders coach doesn't necessarily has to be a good trader himself. May be he was the greatest traders coach ever. Who cares whether he made money trading or not? All i care is whether using his techniques, if I can make money or not. It may just be that Gann lost all his money trading. But it may also be that he must have learnt a lot by losing and then he may have put together this Gann course or whatever. I have glimpsed at his course and can say that some of the rules that he proposes is very important to trading.
What Grid are you talkign about? I am interested in how YOU use Gann's methods. I think the biggest problem is that if Gann himself were to teach his methods to say 1000 individuals, each one of those individuals will have their own interpretation.........sort of like the U.S. Constitution law! i.e. open to many interpretations. 1) What is the Grid you are referring to on your chart? 2) How do you draw your cirlce? It looks simple to you but for some one trying to learn, we would have to know from which point or axis do you draw that circle? 3) What is the purpose of this circle? It looks fashionable ) 4) What do you do when the price hits whatever grid that you are referring to? Do you go long? or short? or take stop loss? 5) Do you use Gann Wheel? What is it? 6) What is that Gann Hexagon or whatever? It Greek to me. Thanks in advance. Perhaps you should write a book titled "Gann for Dummies" or "Gann-step by step" and I would be interested in buying those books.
Before we tackle your questions, it would appear that a knowledge baseline needs to b established. What books have u read on this subject? That way we can have a conversation that is not too onerous.
Yes, I gree with you. I alse learnt some books of his. They are really good. At least, I can see the purpose that WD wrote books is to help others rather than get more money.
Hello, Mr.Superlatives. Both your words and the structure of the words are so clear and I think most people here can understand your views. But I don't think it is necessary for you to post your words many times on the same thread. OK?
I have read these books, such as new stock trend detector, truth of the stock tape, wall street stock selector, 45 years in wall street and how to make profits in commodity. And I think these are more basal than his courses, since in these works, he never mentioned to the WD lines, cycles like you show in your posts, grid or even hexagon. Does he mention these in his course?
Yes, I have. It is not about stocks of USA, but China. Just as you want---"our thread get sent to chit chat", I will send you a message with my chart later. Thank you in advance. If ur thread gets sent to chit chat, then I will start another and we can go on with discussing the similarities between Gann and other actual traders
Okay, we will get to the importance of time here later 2 day or tommorrow. The circles, cf0532, define the square root of two. http://www.elitetrader.com/vb/attachment.php?s=&postid=2423115 That is Gann's fourth dimension. Google: square root of two, click the images tab for more visual detail.
Thank you, ARealGannTrader. I think I get the meaning of your images. Maybe there is a long way for me to use it like you. Now I alsel have traded a stock, and I will show you my view on it. The chart is in attach file. The words as followings should be read in conjunction with the chart. The movement of price between line 1 and 2 was building the bottom. The real up wave started from line 2. And now the third up is going. So I think it will waste more than 10 days to touch the top. And then it will fall more than before.
Seek out Jack Hershey. Don't worry about others opinions. U already use channels. He can assist u with the way he trades. Ur charts look very similar. It will give more immediate results while u learn more about the concepts of Gann. If u need help of any type from a Gann perspective, I will b here. We will talk about cycles on the morrow.