![]() Gann’s simplest teachings held that these angles would measure markets in a predetermined ratio such as 1X1 where price would move 1 unit of price for every 1 unit of time. The angle drawn in red therefore has characteristics of both price (vertical axis) and time (horizontal axis). ![]() On the chart below we see how time and price are represented on the vertical and horizontal axis of a two dimensional chart: Gann’s principal contribution to technical analysis, his “angles” fused “price” and “time” into a simple and seamless process. Whilst we don’t understand Gann’s methods we do know that he was very good at calling precise market turns and there is substantial evidence to support him calling precise tops and bottoms in stocks as well as commodities. What we can agree on is Gann’s emphasis on buying low and selling high, an axiom of trading that is honoured more in theory than in practice (most can buy but few know the tops), but that is aspirational for all traders and investors. That such a famous name in the history of trading markets does not have a special place in this most useful research site is testimony to the fact that hardly anyone can agree on what Gann was saying, and the technique of Gann’s angles is the simplest example of his techniques, but it is only one of many. ![]() ![]() Strangely Wikipedia no longer has a listing for Mr Gann and the previously loaded articles have subsequently been deleted, but there is a listing for “Gann Angles”. ![]() The prices asked for his voluminous commodity course would make Gann himself blush and he was a renowned asker in his day when some of his courses are reputed to have sold for the then equivalent of a new car in the early 1900s. Gann would be amused at where his legacy has led as his prolific writing and charting has established a legion of researchers, authors and writers, most in search of Gann’s missing manuscripts and some professing to have discovered or rediscovered Gann’s secret of “time”, but even more are purveyors of his books, charts and quite amazing spiral numbers or number square charts. A Google search of “WD Gann” (1878-1955) returns 69,300 results and everyone of them is selling something. ![]()
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