William Delbert Gann
From Wikipedia, the free encyclopedia
William Delbert Gann (6 June, 1878 – 14 June, 1955 - also known as W. D. Gann),[1] was a finance trader who developed the technical analysis tool known as Gann angles. Gann market forecasting methods are based on geometry, astrology, and ancient mathematics.[2] Opinions are sharply divided on the value and relevance of his work.[3] Gann wrote a number of books on trading.[4]
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[edit] Biography
Gann was born June 6, 1878 in Lufkin, Texas. His father was a cotton industrialist. He started trading in 1902 when he was 24.[5]
[edit] Stock market trading
Gann described the use of angles in the stock market in The Basis of My Forecasting Method (1935).[6]Calculating a Gann angle is equivalent to finding the derivative of a particular line on a chart in a simple way.[7] Each geometrical angle (which is really a line extended into space) divides time and price into proportionate parts. The most important angle Gann called the 1x1 or the 45° angle, which he said represented one unit of price for one unit of time. If you draw a perfect square and then draw a diagonal line from one corner of the square to the other, you have illustrated the concept of the 1x1 angle, which moves up one point per day.[8]
[edit] Works
- Truth of the Stock Tape: A Study of the Stock and Commodity Markets with Charts and Rules for Successful Trading and Investing, ISBN 9650060006
- How to Make Profits In Commodities, ISBN 9659124147
- 45 Years in Wall Street, ISBN 9563100468
- Options Made Easy: How to Make Profits Trading in Puts and Calls, ISBN 9563100395
- Essential Writings of William D. Gann, ISBN 1425454046
[edit] See also
[edit] References
[edit] Notes
- ^ GoogleBooks Pattern, Price & Time: Using Gann Theory in Trading Systems, James A. Hyerczyk, John Wiley and Sons (1998), ISBN 0471253332
- ^ http://www.acrotec.com/gann/gann.html
- ^ http://www.moneymakingcharts.com/100138.php
- ^ http://www.schoolofgann.com/Default.aspx?tabid=87
- ^ "Pattern, Price & Time: Using Gann ... - Google Book Search". books.google.co.uk. http://books.google.co.uk/books?id=Adjl_il_XH4C&pg=PA1&dq=William+Delbert+Gann&as_brr=3&client=firefox-a. Retrieved 2009-03-15.
- ^ "Forecasts: Webster’s Quotations ... - Google Book Search". books.google.co.uk. http://books.google.co.uk/books?id=gRG7Xdyn0QsC&pg=PA222&dq=%27%27The+Basis+of+My+Forecasting+Method%27%27+gann&client=firefox-a. Retrieved 2009-03-25.
- ^ Achelis, Steven B. (2000). Technical Analysis from A to Z: Covers Every Trading Tool from the Absolute Breadth Index to the Zig Zag. McGraw-Hill Professional. ISBN 0071363483.
- ^ "Forecasting profits using price & time - Google Book Search". books.google.co.uk. http://books.google.co.uk/books?id=PxYA1U7JZ6oC&pg=PA26&dq=%27%27The+Basis+of+My+Forecasting+Method%27%27+gann&client=firefox-a. Retrieved 2009-03-25.
[edit] Bibliography
[edit] External links
- Interview with W.D. Gann By Richard Wyckoff
- A short video presentation on the life of W.D. Gann
- “Rediscovering Gann’s Law Of Vibration”, Market Technician, December 2007
