Sunday, December 2, 2007

The Gann Approach.

WD Gann, who invented the Gann family of technical analysis, is one of those traders I feel that uses the abstract art of metaphysics to analyse the stock market.

I personally do not use Gann Angles or Gann Fan etc as I find them too abstract for me but nonetheless, I do realise that they are related to the time and space factor of metaphysics. There is a cycle in every nature of things and the stock market is known to be cyclical and time is a big factor.

For my own trading, I do not try to see beyond the next 4 days as I am a short term trader. It is also I feel the market usually do not move in a direction for more than 4 days before a counter reaction kicks in.

No comments: