Gann was a tech trader who introduced some unique techniques that are still used by traders.
One of the most interesting concepts is Gany’s view of the price-time relationship.
Gann has amassed a fortune of $ 50 million through his methods, which he has used by sensible traders around the world who are looking for more profits.
Let’s look at the price-time relationship
Unlike other technical analysts, Gann believed that market operations were cyclical
“What happened in the past will be repeated.”
Trading with your prospects in the future meant looking at the patterns of the past.
The reason is that it is logical, because human nature is constant, և it appears in the markets, because people ultimately decide the price of anything.
Price և Time:
So why is price-time interaction so important?
Gan believed that significant price movements occur when price և time coincide.
These convergences can warn in advance of a possible trend, traders can trade for profit at these points.
If price և time did not match, time would be considered more important than price.
Time was considered by Gan as the ultimate indicator of time.
If you think about it, time governs the whole of nature, not just financial markets.
“Just remember one thing – what happened in the past on the Wall Street stock market will happen again.”
Advances in bull markets will come in the future, panic will come in the future, just like in the past. This is the elaboration of a natural law “
Gann was one of the most influential traders in history, and his position is underlined by his life-size portrait, which greets you as you enter the New York Stock Exchange.
Not only did he introduce the concept of price-time, he was also responsible for the sheer volume of work, his writing on the Fibonacci sequence of numbers, the swing trade, Gan’s angles, and many other technical theories that can be read.
Or sometimes overlooked, he was one of the first to study human psychology, its importance in terms of market movement, before it became universally accepted.
“We can not avoid it (emotions). This will cause more panic in the stock market in the future. When it comes down to it, traders and investors will sell stocks, as usual, when it’s too late or in the final stages of the bear. market “
Gann escaped the 1929 crash, but how many ups and downs have we had since then? How many investors have burned?
The fact is that the investors ultimately decide the price of anything – they are always subject to emotions.
Learn how to step aside from the herd, և you can trade in a disciplined way և come out a winner.
The concept of price: time is one way to do this.
If you study Ganni, you know that you are studying a merchant who is one of the most important of all time, one who has given up all his work so that others can learn.
Reasonable traders around the world are still using Gan’s methods, և you need to study more և to see how these methods can help you.