The W.D. Gann Method of Trading: A Simplified, Clear Approach
Author: Gerald Marisch
List Price: $50.00
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ISBN: 0930233425
Publisher: Windsor Books (01 October, 1990)
Sales Rank: 262,014
Average Customer Rating: 1.67 out of 5
Customer Reviews
Rating: 1 out of 5
A mess
One can seldom find such one sided, overwhelming negative comment on Amazon of a trading book. All reviewers before me rated this book with less than 3 stars. This book really belongs to the rare breed. Though he author used a lot of charts, supported with Stochastics (he used that badly, too), to elaborate how to use Gann's ideas to trade for profit, he failed miserably. His charts and his analysis were simply beyond apprehension, even for a pro like me. You couldnt understand what "pattern" (that's what charts are for) the author was talking about. He should have employed some professionals to edit his original script. The addition of copy and paste ideas from the original Gann books just couldnt help at all. Dont waste your hard earned money on this mess.
p.s. I am sorry that the only points the author made it clear were:
1)The basic ratio of Gann Angles is 1:1 - one unit of price equalling one unit of time. A 2x1 Gann Angle indicates that prices are moving two units of price in one unit of time. (Perhaps the only clear thing on this book)
2)After an initial, sustained price move, either up or down, prices retrace ot 50% of their initial move. If the retracement exceeds 50%, prices should continue to the 62.5% (5/8) level, before a reaction occurs. (Gann used 1/8 as the base unit of his forecast) (Perhaps the only simplifed and clear thing on this book)
Rating: 3 out of 5
I couldn't figure it out
Maybe I am incapable of understand Gann's square of 9 and angles because I was not really able to decipher most of this book. I will admit, the book does attempt to simply Gann's methods.. but it is far from clear. This does not totally discredit the book and it's potential methods, but I was not able to understand it to where it might improve my bottom line.
Rating: 2 out of 5
Anything but Simplified and Clear...
Gann's trading methods have always been a mystery to those of us who don't understand his strategies. However, this book makes an attempt to resolve the mystery behind Gann's trading system and it's almost more "simplified" if you read a book that Gann had written himself. This book does nothing to shed light on how Gann worked his magic. You're better off reading something by William Gann himself and trying to decipher his methods on your own. Similar Products
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