Forum Archive Index - January 2004

["Woody" <solarmax@optusnet.com.au>]

I feel sorry for  you  Jim you obviously flutter like a butterfly from idea
to idea with little gain, or purpose.

W.D. Gann was one of the greatest traders of all time. His ability to call
market turns was, and still is, legendary. His profitable trades in the
commodity and stock markets was an astounding 90%+!
His trading profits are estimated to be a staggering $50 million dollars
during the first half of the 20th century. Traders who have studied his
techniques have found great success in markets all over the world.
WD Gann's use of Natural Law and geometric proportions based on the circle,
square, and triangle are as effective today in the Stock Market and
Commodities Markets as they were 50 years ago. His techniques work in any
market and in any time-frame. His methods seem a bit unusual and even
mystical to many traders, but they have proven themselves time and again
over the past century. However his Maths and the amount of research needed
is far beyond the patience of the average trader. It is easier to knock him
than to study him. My system never bites me on the bum, it is I cutting
corners, or reading charts wrongly or trading impatiently that contribute to
the equalisation of profit and loss. In other words I make mistakes not my
system, and if I do not follow my system or if anybody does not follow their
system 100% then Why have a System?  Your reply leaves many holes in common
sense and leaves one stumbling in a labyrinth of obfusication.

Woody


----- Original Message -----
From: "J Insley" <jinsley@paradise.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Saturday, January 17, 2004 8:37 PM
Subject: [sharechat] Woody and W.Gann


> Woody,some of your readers may not be aware that W.Gann flourished in the
> psuedo-science area about 100 years ago.    One of his statements-:
>         "It is impossible here to give an adequate idea of the Law of
> Vibration as I apply it to the markets, however, the layman may be able to
> grasp some of the principles when I state that the Law of Vibration is the
> fundamental law upon which wireless telegraphy, wireless telephone and
> phonographs are based".     which is of course just nonsense,as are most
of
> his other pronouncements.

You have studied him obviously ( NOT )  Fortunatly there are many traders
that think like you, good on you. The fewer that study Gann the better. The
fewer that learn to trade the market like him the better.

 The terms "mathmatical perfections" sic, points
> of force mixed with Faraday,Einstein,the universe running in cycles,all
add
> up to some sort of muddled logic  ( HOW CAN LOGIC BE MUDDLED ) that is an
oxymoron>

 which seems to have made money for you so
> far.
> "Currencies rise and fall. Just buy at the low end of the market and sell
at
> the high end.", you said.    Yes.Right!    Was that Einstein?
> " What ever you do you MUST believe in your system ( whether its a coin
> toss,
> reading the entrails of a goat or following the rules of WD Gann )" you
said
> today.
>          This would be the worst piece of advice I have come across of
late.
>  NEVER trust your system.Watch it like a hawk.Given a moments carelessness
> and it will bite you on the bum. Hard.

Obviously you yet to create a system that you trust!!!
>                                                              Jim.
>
>
>
> --------------------------------------------------------------------------
--
> To remove yourself from this list, please use the form at
> http://www.sharechat.co.nz/chat/forum/
>
>



----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/