![]() Gann used various time interval charts such as daily, 2 day, 3 day, weekly, monthly, quarterly, yearly. Nothing was calculated from the prices and price action to arrive at fancy indicators (which are almost always lagging) or imaginary and arbitrary geometric shapes to make trading decisions and complicate things unnecessarily. Decisions were made based on price action after taking certain time values into account. He built all indicators and charts of different time frames with the objective of identifying trends and change in trends. Gann used naked charts and price action trading. ![]() Any good engineer knows that the less number of components a machine has the more reliable it is.) ![]() Since the universe is humungous (we don’t even know its size), it must work with 100% reliability – 99.999% reliability is a recipe for failure. ( For things to work, they have to be EXTREMELY simple. Gann used basic level of mathematics, that is, just addition and subtraction of numbers or the faster way of doing so through division and multiplication. So, Gann’s work is a master piece in observational science (as opposed to presently emphasized experimental science). He also calls it Harmonic Law or the Law of Vibration because the application of the law involves using harmonics, wave lengths and amplitudes. ![]() Natural means how things exist and work in the nature. Universal means it is applicable to everything in the universe including our personal lives (Gann applied it to his personal life as well as shown by notations in his personal ephemeris).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |