Most people don't get it and never will. BS works in trading - you just need the framework, whether it's Fib, Gann, Drummond, Hurst, or whoshuhbip. Systems don't work over the long haul. Frameworks do. PTR
Oops.....I only heard the BS part and the intuition part...... and I guess I jumped to that conclusion.
I hope Andre or Baron posts the chat soon... It's up. We edited down the informal section. Folks were chatting for another hour and a half, so it took some time. It's a good read. Gann Theory Chat Transcript Thanks for doing it, Takeshi. André
Well, I think the relationship between Gann and Fibonacci is pretty clear. 3/8=37.5 Close to Fibonacci 38.2 % 5/8=62.5 Close to Fibonacci 61.8 % Etc.
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In his book "45 years on Wall Street" W.D. Gann states that 10 to 14th of October is an important period to watch for trend changes To the day gold and gold shares started to go down on 10-Oct-02. In the same book he states that "if the price retraces lower than 50 % of the absolute maxinum, then the price will go down much lower." For many stocks I followed it was the sad but strict truth. So IMHO Gann is not only about angles, fans, magic squares, etc. He is very much also about practical market experience.