I have always believed in fractal theory and it is reinforced by another of Gann's studies - Murrey Maths and Fractal Theory .
For my own trading, I see fractal theory repeat itselfs again and again in charts. Why is that so? Simply because of human emotions of hope, greed and fear. These emotions leave their footprints in the stock market every single day. These are the emotions that majority players of the market have and possibly this explain why majority of traders lose money. It has been repeated to death that in order to make money out of trading, one needs to eliminate all emotions . This is where a trading system with fixed entry and exits rules is supposed to assist you.
“Therefore, in order to make a success, the trader must act in a way to overcome the weak points that have caused the ruin of others” - W.D Gann
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