Welcome to the Nifty Gann Analysis Blog , I have been a trader for last 4 years and i want to give others a opportunities that i have enjoyed - In particular - I want to promote the Trading theories and practices of W.D.GANN and his System .
About W.D.Gann :
G - Geometry
A- Astrology
N- Number vibration
N- Nature
G - Geometry
A- Astrology
N- Number vibration
N- Nature
William D.
Gann was a pioneer in the area of time and price
analysis of market activity. Born in Lufkin Texas in 1878,
Gann's basic premise was the future is just a repetition of the past and that
time governed all market movements. Gann traded with and taught
time and price analysis methods that could predict market highs and lows. Gann
reputedly had the knowledge to forecast the price and time of
the yearly high and low for commodities and stocks. Each year Gann published a
forecast for the following year. In 1928 he published a
forecast of the date of the September 1929 US Stock Market High and that a
Black Friday would occur A FULL YEAR IN ADVANCE. In
1932 he recommended buying stocks at the all time low in the Dow in June and
July.
Gann and the
creator of Elliott Wave theory - R.N. Elliott - shared some similar beliefs
about market activity. Gann believed that Bull or Bear campaigns
took 3 or 4 sections to complete the move. Elliott believed that there were 3
impulse waves in a Bull or Bear trend, with the possibility
of an extended 5th Wave to give GannĂs 4th section. Gann believed that markets
most commonly retraced 1/2 (50%), 5/8s (62.5%) or 3/8s
(37.5%) of the previous range. Elliott believed that markets most commonly
retraced 61.8%, 50% or 38.2% of the previous range.
Gann
was a rare mathematician. He was a student of numbers, number theory, and
the progression of numbers. He often said his analysis theory was based on natural
law and mathematics. Since
time progresses as the earth turns on its axis, and time is measured by numbers
and progressions of numbers, and since prices in their movement upward
and downward are measured in numbers, we can understand why Gann had
an intense interest in numbers, number theory, and mathematics. And remember….he
did not have a personal computer, or even a handheld or desktop calculator-just a
pencil.
hi got any good books on Gann. Appreciate it
ReplyDeleteAlso I read very informative article on the following link-
ReplyDeletehttp://ruchirgupta.co.in/wd-gann-human-body-interpretations/
You can read more about WD Gann and his methods on my blog www.diveshtechanalysis.com
ReplyDelete