Linda,
It's a method that's not talked about. What is said publicly is generally lacking important rules and contains many errors. Through repeated experimentation one makes progress. Occasionally someone expresses interest and discussion follows, although it's rare on an open thread. There's a lot available on Gann, although most of his writings are giberish, but by living with the ideas, eventually they come to fruition, as one deciphers the code. A few months ago this appeared in my email box and a friendship developed. I believe friendships are the best source of true ta knowledge . . Best regards, Osci
I don't think you are taking a journey down a dead-end path. Only you can know what aproach to the market you feel most comfortable with. I know several extremely successful traders[large institutional traders] that look at price and time and have built their techniques on Gann's work. I think you will find that most people will not be interested in traveling down this path with you--The work you are describing takes alot of thinking and alot of work.
Some of the earlier works from great traders [Andrews, Babson and Bayer preceeded even Gann, for example] are still very applicable in today's markets, yet most people have no interest in them. One of my early mentors was a long-time friend of Dr. Andrews, and his work basically uses what we would now call a linear regression channel. Since this was long before computers, the regression channel was represented in a vector that was derived from two swing points--the pitchfork. It's been around for a very long time and most traders scoff at it. But in the hands of traders that are know how to use it, it is a good trading tool. |
