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Gann, W.D. - Gann Angles and the Square of Nine.pdf - Gann:...

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Gann: Angles and theSquare of NineBy Bill McLarenIbelieve it is prudent that I begin by prefacing this article with a few cautions. First, there isan abundance of misinformation related to the theory of Gann analysis that is available tothe novice trader. Other schools of trading thought involving Fibonacci, Andrews, or Elliottmay be related to some aspects of Gann, but beware of "pundits" that group some or all theseschools under the umbrella of Gann theory. They are blatantly misguided. Second, you musthave a basic understanding of price movement to be successful in trading. This knowledge isthe foundation of analysis and all else is built upon it. Gann, Elliott, or even oscillators all presentprobabilities, but the only thing that is a certainty is that which is occurring on the price chart.The pattern in the movement of prices should justify the probability that your indicator is givingyou the right signal. Third, quoting Mr. Gann, Whenever price and time are squared, you canlook for a change in trend." The key word in his statement is "look." This means to look for someevidence that the trend has changed before positioning on that probability. I gave a seminarlast year where the basic theme was stop trying to pick tops and bottoms and learn how to earnmoney trading." What I was attempting to explain in the seminar was how to identify what I callcounter trend movements. Counter trend movements are identied as the rst rally after thefall-off of prices from a signicant high. When prices are trending upward, prices will tend to fall

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Square number, Mr Gann

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