Comment by Peter jcp on April 20, 2012 at 7:46pm

YOLO - G - But did the great WD Gann come back into foreXmosphere - as you :-)

Comment by Peter jcp on April 21, 2012 at 2:40pm

YOLO - Lisa  - I am trying to have a "balanced " weekend between being Uber Kool and Retro :-)

Comment by Keith Shaw on April 21, 2012 at 3:30pm

Comment by Peter jcp on April 21, 2012 at 4:28pm

Rofl - Love the comments -  I dont know which one Yolo refers to now  - various meanings  -

1. You Only Live Once

2. You Obviously Lack Originality ( not you lot :-) )

3. San Fran slang for "Coke"

Take you pick the other one my daughter told me which i dont understand -

4.You Only Love Oral ?  

 

Comment by PinBar on April 21, 2012 at 4:57pm

Comment by Keith Shaw on April 21, 2012 at 5:14pm

YOLO : Peter No 4.  ??? All That Money Spent On Private Education ..... ROFL

Comment by Keith Shaw on April 21, 2012 at 5:20pm

Let's get back on topic : W D Gann

Comment by Keith Shaw on April 21, 2012 at 5:42pm

Comment by Peter jcp on April 22, 2012 at 12:25pm

Conflict ? - In my original piece I pointed out that W D Gann was more of a short term "scalper" - ie trading up to once every 20 mins and taking over 260 trades in a month - and on one day being able to catch the intra day tops and bottoms - 8 times ( yes 8 times) correctly.

This now is probably why I take everthing I read with a "pinch of salt" and certainly dont believe a lot of historical "copy" - as I then read in Keiths - "Gann" blog about all his rules - they include -

Rule 12 - Never take a "scalp" for a profit ?

Rule 25 - Don't try to guess the tops and bottoms ?

Conflict with what he did - to what he preached ? - Sounds like he could have been an ideal politician if he had not be a trader :-)

I think more than likely after his death and after all his ideas were updated - the "media" of the day or the "spin artists" put there own slant on his work - to paint what ever picture they wanted to portray. 

Comment by talisman on April 22, 2012 at 1:18pm

hi peter- i had heard of gann of course but never gave him much thought.  you motivated me to do a little digging . i didnt know his theories were so closely tied to nature, his main premise on market structure being closely related to the laws of vibration.  i am not an indicator/oscillator trader but i certainly think success in trading is closely linked to an understanding of how things work in nature.  again a good article precipitating ( for the most part ) good dialogue. 

 

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