Eugene Nowell - Founder of Gannline.com


Think before you make a trade


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W.D. Gann Myth or Master?

 

OCT 21, 2009

One of the things I want to point out on my website is my introduction. I use the words THEORIES OF W.D. GANN. I use the word THEORIES because they are nothing more than theories. I have studied Gann's work for 29 years now and find that most of it is basic support resistance and simple rules that he followed and eventually put in his courses. The great "GANN SECRET" as it is put by some, does not exist. There is no "HOLY GRAIL" to trading. I have studied the square of 9 inside and out and backwards and have found this is one of the greatest tools in the world for an AFTER THE FACT trade.

In other words,  you can study past  charts and say by using the Square of nine the market price hit the 270 degree angle from the low made on xyz date and it made a major top. Well, what told me the market was going to top exactly on the 270 angle before it happened? Why not the 180 angle or the famous 45 degree angle? Why did those angles just ignore the rule of tops and bottoms. The inconsistency of Gann's work has proven to me that he used other techniques combined with his basics.

 
His great predictions of 1909 were those that caught the trading world by surprise and people were chomping at the bit to learn his theories. Now that these theories are out and the public is using them, we find them to be not so effective. And during Gann's time, he was not facing the mega FUND TRADERS that control $500 million in assets.
 
There are other very deep subjects like Astro Trading that would require a long study. but for the most part, I have yet to meet any Gann Trader who is consistently making the 90% plus accuracy that Gann did for that short period of time early on in his career.

For me, one of his techniques that works very well are his geometric angles on charts. Once applied correctly and combined with his rules for trading, a person can make a good living at this. I believe I have discovered how he used his angles correctly. In my book, I give a few different ways in which Gann applied them and I also give one of my personal ways to use them. My Ebook MARKET MATH GANN ANGLES is only $25.00. This is not a solicitation to sell one of my ebooks, but a solicitation to offer something that is good and will not cost an arm and a leg. I am a seasoned Trader reaching out with a helping hand saying, "Maybe I can shed a little light and help you along the way without charging you an arm and a leg.

 
All the best and good trading.
 
Kindest regards,
 
Gene Nowell