Who is WD Gann
William Delbert Gann, also known as WD Gann, is the developer of technical analysis methods like Gann angles. The finance trader is also the creator of master charts, a compilation of various tools like the Spiral Chart, Circle of 360 degrees, and hexagon chart. WD Gann work and findings are based on geometry, astronomy, Astrology and ancient mathematics.
About W.D Gann
The man who is also known to have authored several books and courses on commodities trading and shares was born on June 6, 1878, in Lufkin, Texas. Born in a family of cotton farmers, WD Gann first contact with the world of investment was as a 13-year-old newspaper seller aboard trains. During this time WD Gann overheard many conversations from train passengers speculating about market investments and future commodity prices. These conversations sparked an interest in WD Gann that would change the path of WD Gann life forever.
WD Gann moved to New York City at the age of 25. In 1903 WD Gann got his first job in a brokerage house. In his early years, WD Gann developed a strategy for making profits based on the solid principles of understanding price patterns, technical analysis, and most importantly, risk management.
WD Gann started trading at an early age of 24 years. Being the 33rd degree Freemason of the Scottish Rite Order, WD Gann was deeply knowledgeable about ancient Mathematics. WD Gann is also known to have studied ancient Egyptian and Greek cultures.
WD GANN COURSE DETAILS
WD GANN IMPORTANT TOOLS LEARNING LIKE
W.D Gann
W.d. Gann Learning Tools
- Square of Nine (multiple versions)
- Square of 52
- Square of 320
- Square of 12
- Square of 24
- Square 144
- Gann Hexagon
- Gann Wheel of 24
- Gann Emblem
- Gann Swing Trading
- Gann Angles
- Gann Price Time Square (multiple versions)
- Timing with Planetary Aspects
- Timing with Planetary Ingress
- Planetary Lines
- Gann Waves and Cycles
A Summary of W.D. Gann’s Techniques of Analysis and Trading
Trading strategies:
Have different strategies for the four situations:
* Bull market
* Bull market top i.e. reversal from bull to bear market phase
* Bear market
* Reversal phase from bear to bull market
Importance of number 3
Majority of moves will generally occur in time period of three – days, weeks or months. Never trade in the direction of the trend on its third day.
Tops, bottoms and consolidations
* Tops usually take time to form. Spike tops are less common compared to spike bottoms. Tops are marked by extreme movements in medium and small stocks. They will rise by even 20% in a day. These are called blow offs. Because of this short-selling on extreme top is risky.
* Divergences will appear at the top but they cannot be used for timing the trade. Time cycles shall indicate when the actual reversal will start.
* In bull market watch for a correction which is greater in both price and time than the previous corrections in the move up. (Opposite in the downmoves).
* Highest probability of support is that the corrections in the uptrend will all be very close to equal.
* Swing objectives – add the range to move to the top of that move to find out the target for the next upmove or reverse in the bear market.
* Square of numbers and 50% of the difference between those squares are significant support and resistance, but cannot be traded by themselves.
Gann says that there can be nine mathematical proofs of any point of resistance
1. Angles from top and bottoms
2. Angles running horizontally i.e. the previous tops and bottoms
3. Time cycles (vertical angles) (Press a short sale if there are three or four days
of sideways movement after a high day and this is followed by a down day with
high volume where low is lower than the low of the sideways movement and
when this coincides with expiry of time cycles)
4. Crossing of important angles originating at zero
5. Crossing or coming together of angles from double or triple tops or bottoms
6. Crossing of double or triple tops or bottoms
7. Past resistance/ support
8. Volume of sales
9. Squaring of time and price.