William Delbert Gann Explained

William Delbert Gann (June 6, 1878  - June 18, 1955) or WD Gann, was a finance trader who developed the technical analysis methods like the Gann angles[1] [2] and the Master Charts,[3] where the latter is a collective name for his various tools like the Spiral Chart (also called the Square of Nine),[4] [5] [6] the Hexagon Chart,[7] and the Circle of 360.[8] [9] Gann's market forecasting methods are purportedly based on geometry, astronomy, astrology, time cycle analysis and ancient mathematics.[10] [11] [12] Opinions are sharply divided on the value and relevance of his work.[13] [14] Gann authored a number of books and courses on shares and commodities trading.[15] [16] [17] [18] [19] [20]

Biography

Gann was born on June 6, 1878, in Lufkin, Texas. His father was a cotton farmer. He started trading in 1902 when he was 24.[21] He was believed to be a great student of the Bible,[22] [23] who believed that it was the greatest book ever written.[24] He was also a 33rd degree Freemason of the Scottish Rite Order,[25] to which some have attributed his knowledge of ancient mathematics, though he was also known to have studied the ancient Greek and Egyptian cultures.[26]

Also https://www.GannGrids.com/about/

Writing style

Gann often wrote in an esoteric and indirect style that many found difficult to follow; it was supposed that he could be doing so deliberately to conceal his true method.[27] [28] For example, Patrick Mikula[29] [30] found that, in his course How to Make Profits Trading in Commodities,[31] whenever Gann used the term "natural dates", he was indirectly referring to one of the following astrological phenomena:

  1. Double ingresses (when two or more planets, not counting the Moon, enter a new sign within two consecutive days)
  2. Stations (when a direct planet turns retrograde, or vice versa)
  3. Declination of the Moon at extreme
  4. Eclipses

In his private communication, Gann was much more direct and candid about his use of astrology. For example, in a private letter to a student, he openly demonstrated how he used planetary cycles to make predictions in the coffee market.[32]

Effectiveness

Gann's students have stated that he left a fortune of $50 million (equivalent to $ million in) that he built by following his methods, but evidence of such a fortune is lacking.[33] Alexander Elder, in his book Trading for a Living,[34] said "I interviewed W.D. Gann's son, an analyst for a Boston bank. He told me that his famous father could not support his family by trading but earned his living by writing and selling instructional courses. When W.D. Gann died in the 1950s, his estate, including his house, was valued at slightly over $100,000." Larry Williams, in the book The Right Stock at the Right Time,[35] also stated he met W.D Gann's son. Larry Williams stated that John Gann said "He asked why if his dad was as good as everyone said, the son was still smiling and dialing calling up customers to trade". Larry Williams in the same book says "I also met F.B Thatcher who had been Gann's promoter and advance man who said that Gann was just a good promoter, not necessarily a good stock trader".

Bibliography

See also

External links

Notes and References

  1. Book: Droke, Clif. Gann Simplified. Marketplace Books. 2001. 978-1931611244. Columbia, MD.
  2. Book: McLaren, William.. Gann made easy : how to trade using the methods of W.D. Gann. 1986. Gann Theory Pub. Foreman, Matthew J.. 0-9618018-0-8. Corpus Christi, Tex.. 20583500.
  3. Book: Jacobs, Larry. Gann's Master Charts Unveiled. Halliker's. 2001. 9781494712181. Springfield, MO.
  4. Book: Futia, Carl A.. Predicting Market Trends with Periodic Number Cycles. The Cyclic Forecast. 1982. Morris Plains, NJ.
  5. Book: Lim, Mark Andrew. A handbook of technical analysis : the practitioner's comprehensive guide to technical analysis. 22 September 2015. 978-1-118-49892-7. Hoboken. 898156030.
  6. Book: Cooper, Jeff.. Unlocking the profits of the new swing chart method.. 2006. Marketplace Books. 1-59280-291-5. [Place of publication not identified]. 946856497.
  7. Book: Mikula, Patrick. The Definitive Guide to Forecasting Using W. D. Gann's Square of Nine. Mikula Forecasting Company. 2012. 978-0965051866. Revised. Austin, TX.
  8. Book: Ferrera, Daniel T.. The Gann Pyramid: Square of Nine Essentials. Scared Science Institute. 2001. Santa Barbara, CA.
  9. Book: Ferrera, Daniel T.. Gann for the active trader : new methods for today's markets. 2006. Traders Press. 0-934380-44-9. Greenville, SC. 243743248.
  10. Book: Reddy, Hima. The Trading Methodologies of W.D. Gann: A Guide to Building Your Technical Analysis Toolbox. FT Press. 2012. 978-0132734387. 1st. Upper Saddle River, NJ.
  11. Book: Awodele. W.D. Gann: Divination By Mathematics. BEKH. 2013. 978-0615833439. Union, KY.
  12. Book: Awodele. W.D. Gann: Divination By Mathematics: Harmonic Analysis. BEKH. 2013. 978-0615882079. Union, KY.
  13. Book: Krausz, Robert. W. D. Gann Treasure Discovered: Simple Trading Plans for Stocks & Commodities. Marketplace Books. 2005. 978-1592802272. 2nd. Columbia, MD.
  14. Book: Brown, Constance M.. Fibonacci Analysis. Bloomberg Press. 2008. 978-1576602614. New York, NY.
  15. Book: Gann, William Delbert. Collected Writings of W.D. Gann. Cosmological Economics. 2015. 978-1942418054. 1.
  16. Book: Gann, William Delbert. Collected Writings of W.D. Gann. Cosmological Economics. 2015. 978-1942418061. 2.
  17. Book: Gann, William Delbert. Collected Writings of W.D. Gann. Cosmological Economics. 2015. 978-1942418078. 3.
  18. Book: Gann, William Delbert. Collected Writings of W.D. Gann. Cosmological Economics. 2015. 978-1942418085. 4.
  19. Book: Gann, William Delbert. Collected Writings of W.D. Gann. Cosmological Economics. 2015. 978-1942418054. 5.
  20. Book: Gann, William Delbert. Collected Writings of W.D. Gann. Cosmological Economics. 2015. 978-1942418108. 6.
  21. Book: Hyerczyk, James A.. Pattern, Price and Time: Using Gann Theory in Technical Analysis. John Wiley & Sons. 2009. 978-0470432020. 2nd. Hoboken, NJ.
  22. Web site: Unlocking W.D. Gann's 'The Tunnel Thru the Air' . Novak-Reich. Pauline. 21 Oct 2013. Futures. 14 Feb 2018.
  23. Book: Plummer, Tony. The Law of Vibration: The revelation of William D. Gann. Harriman House. 2013. 978-0857192592. Petersfield, Hampshire, England.
  24. Book: Gann, William Delbert. The Tunnel Thru the Air; Or, Looking Back from 1940. Lambert-Gann. 1927. New York: NY.
  25. Book: Bucholtz, Malcolm G.. The Bull, The Bear and The Planets: Trading the Financial Markets Using Astrology. iUniverse. 2013. 978-1475980028. Bloomington, IN.
  26. Book: Brown, Constance. Breakthroughs in Technical Analysis. 2007. Bloomberg. Chapter 5, Price and Time. 9781576602423.
  27. Book: Ferrera, Daniel T.. Mysteries of Gann Analysis Unveiled!. Sacred Science Institute. 2001. Santa Barbara: CA.
  28. Book: Bucholtz, Malcolm G.. Stock Market Forecasting: The McWhirter Method De-Mystified. Wood Dragon Books. 2014. 978-0968537091. Regina, Saskatchewan, Canada.
  29. Book: Mikula, Patrick. Gann's Scientific Methods Unveiled. Mikula Forecasting Company. 2012. 978-0965051880. I.
  30. Book: Mikula, Patrick. Gann's Scientific Methods Unveiled. 2012. 978-0965051873. Revised. II.
  31. Book: Gann, William Delbert. How to Make Profits Trading in Commodities: a Study of the Commodity Market. Lambert-Gann. 1941. Pomeroy, WA.
  32. Web site: May Coffee Santos D. Gann. William Delbert. 19 Mar 1954. 14 Feb 2018.
  33. Web site: W.D. Gann Fraud or Trading Genius Part 2. Money Stocks Tycoons. 13 Feb 2018.
  34. Book: Elder, Alexander. Trading for a Living: Psychology, Trading Tactics, Money Management. Wiley. 1993. 978-0471592242. Hoboken: NJ.
  35. Book: Williams, Larry R.. The Right Stock at the Right Time: Prospering in the Coming Good Years. Wiley. 2003. 978-0471430513. Hoboken: NJ.

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