Gann - What You Can Learn From a Trading Legend

W D Gann is one of the most famous traders of allhappen again.
time and his status is confirmed by a life size portraitAdvances in bull markets will come in the future, and
you see as you enter the New York Stock Exchangepanics will come in the future, just as they have inthe
(NYSE).past. This is the working out of a natural law"
He made a fortune of $50 million and his uniqueThere were many other innovative ideas
methods are used by savvy traders all around theincorporated in his methods including: The Fibonacci
world to seek big consistent profits. If you have notnumber sequence, Gann angles and many more but
looked at his methods you should here's why.they all stemmed from Gann's believe that the
1. He was successful!markets were governed (like all things in nature)
Many e-book sellers or traders sell information but"natural law"
don't trade or lose money - Gann made money and4. Natural law
his track record is a matter of public record withIf you think about it this is quite logical. Often under
many of his trades publicly documented.estimated is Gann's insight into traders psychology
He made profits pure and simple and even better heand he wrote extensively on this subject.
left extensive writings on how he did it, which youAs human nature is constant so to are their reactions
can learn from and apply for bigger market profits.to price - this is natural law and shows up in
2. Gann Trading Philosophyrepetitive price patterns.
Gann was a technical trader and like all technicalWhen Gann was writing these ideas were new,
traders believed that what happened in the pasttoday they are more widely accepted.
would happen in the future and the key to making5. Giving you an edge for profits
profits was to look for recurring price patternsWhat you can learn from Gann is some unique
While the above is the basis of what all technicalmethods that were innovative when he used them
analysts believe his methods for viewing thesebut still applicable today.
patterns was innovative and revolutionary.Keep in mind Gann was not just a writer he was a
3. The methodtrader and put his money where his mouth is and
The method was based upon several innovativemade real money.
ideas none more so than his concept of price andToday, savvy traders all around the world still use his
time.methods to make profits - They continue to work
Gann believed that crucial price movements occurrednow and will do in the future as human nature
when price and time converged.remains constant.
These points usually indicated an important trendLearning the method
change was about to take place.Gann's methods take a bit of work and practice but
If price and time however were not in union, or didall his methods were left by him for others to profit
not converge, then time always held priority overfrom.
price - Time was therefore the ultimate indicator.Take time to study Gann and you will find that it will
To quote Gannbe time well spent and will give you an edge in your
"Just remember one thing, whatever has happened inquest for greater profits.
the past in the stock market and Wall Street will