Gann was a technical trader who introduced some unique methods that traders still use today.
Perhaps one of the most interesting concepts is Gann’s view of the relationship between price and time.
With his methods, Gann gained a fortune of 50 million dollars, which was used around the world by smart traders who sought higher profits from trading.
Let’s look at the relationship between price and time
Like other technical analysts, Gann believed that market action was cyclical
“What happened in the past will happen again”
Trading the prospects on your side in the future meant looking at past patterns.
The reason why this is logical is because human nature is constant and it appears in the markets as patterns because people ultimately determine the price of anything.
Price and time
So why is the interaction between price and time so important?
Gann believed that key price movements occur when price and time converge.
These convergences could give advance warning of an important trend and traders could trade for profit at these points.
If price and time do not match, time would be considered more important than price.
Gann considered time to be the ultimate indicator of time.
If you think about it, time governs the whole of nature, not just the financial markets.
“Remember just one thing, whatever happens in the past on the stock market and on Wall Street will happen again.”
Progress in bull markets will come in the future, and panic will come in the future, just as in the past. This is the making of a natural law. ”
Gunn was one of the most important merchants in history and his reputation is highlighted by his life-size portrait that greets you when you enter the New York Stock Exchange.
Not only did he introduce the concept of price and time, he was also responsible for a huge amount of work, and his writing on Fibonacci series, Swing trading, Gan’s angles, and many other technical theories are essential reading material.
Although sometimes cautious, he was one of the first to study human psychology and its significance in terms of market movements, before it became universally accepted.
“We can’t escape it (emotions). In the future, it will cause a new panic in stocks. When it comes, both traders and investors will sell stocks, as usual, after it’s too late, or in later stages of the bear. Market.”
continental airlines flights
Gann escaped the crash of 1929, but how many booms and busts have we had since then and how many investors have burned out?
The fact is that investors ultimately determine the price of anything and are always prone to emotions.
Learn how to separate yourself from the herd and you can trade in a disciplined way and emerge victorious.
The concept of price and time is one way to do this.
If you study Gann, you know that you are studying a merchant who is one of the most important of all time and who has left all his work so that others can learn and learn from him.
united airlines reservations official
Smart marketers around the world continue to use Gann’s methods and you should further research and see how the methods can help you.