Sorry if its diificult to read - blow up to 200% if needed
YOLO - G - But did the great WD Gann come back into foreXmosphere - as you :-)
YOLO - Lisa - I am trying to have a "balanced " weekend between being Uber Kool and Retro :-)
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 ?
YOLO : Peter No 4. ??? All That Money Spent On Private Education ..... ROFL
Let's get back on topic : W D Gann
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.
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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