William Delbert Gann
William Delbert Gann (June 6, 1878 – June 14, 1955) or WD Gann, was a finance trader who developed the technical analysis tools known as Gann angles, Square of 9, Hexagon, Circle of 360 (these are Master charts). Gann market forecasting methods are based on geometry, astronomy and astrology, and ancient mathematics.[1][2] Opinions are sharply divided on the value and relevance of his work.[3] Gann wrote a number of books on trading.[4][5]
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[edit] Biography
Gann was born June 6, 1878 in Lufkin, Texas. His father was a cotton farmer. He started trading in 1902 when he was 24.[6]
[edit] Stock market trading
Gann described the use of angles in the stock market in The Basis of My Forecasting Method (1935). 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] Bibliography
- Truth of The Stock Tape (1923)
- Tunnel Thru The Air (1927)
- Wall Street Stock Selector (1930)
- New Stock Trend Detector (1936)
- Face Facts America (1940)
- How to Make Profits in Commodities (1941)
- 45 Years in Wall Street (1949)
- The Magic Word (1950)
- WD Gann Economic Forecaster (1954)
- How to Make Profits Trading In Puts And Calls
[edit] See also
[edit] References
- ^ "W.D. Gann bio". salivon.com.ua. http://salivon.com.ua/index.php/en/praeceptum-en/wd-gann-bio.html. Retrieved 2011-09-05.
- ^ HKW. "Gann Theory". Acrotec.com. http://www.acrotec.com/gann/gann.html. Retrieved 2011-02-18.
- ^ "About W D Gann and George Bayer". Moneymakingcharts.com. http://www.moneymakingcharts.com/100138.php. Retrieved 2011-02-18.
- ^ by Gann, W.D. (2011-01-05). "Books - Products". WD Gann. http://wdgann.com/category/Books. Retrieved 2011-02-18.
- ^ "WD Gann". Schoolofgann.com. http://www.schoolofgann.com/Default.aspx?tabid=87. Retrieved 2011-02-18.
- ^ He was left handed. "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.
- ^ 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.
- ^ Gately, Edward (1998). "Forecasting profits using price & time". John Wiley and Sons. 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] External links
- W.D. Gann biography and methods review
- 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
- Journal of Commerce article from January 15, 1921, describing the basis for Gann's forecasts
