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Posted by Dale Legan on June 1, 2006, 8:30 pm
It's clear you know more about gann than I ever want to know. And, I
find your "f-dates" very complimentary to my "cycle" work, when I've
used both together. And, it seems that some find DGL to work well with
it as well.
I'm not discounting them all together. There is a fundamental truth
there, and some fundamental problems. Too often as "vendors" we don't
address the pitfalls.
futures-commodity-trading.com wrote:
> >I was studying Elliott Wave and using it trading almost 21 years ago!
> > I can sit down with a point and figure chart and come up with a count,
> > projections and all those things. Anyone who knows me or my dad knows
> > that I know Elliott. Worked for years at a brokerage office with a
> > gann guy and his squares. On the surface there is something. But,
> > I've not found a way to do a verifiable statistical study on it.
>
> That's great. I've not had much use for Elliott Wave. Actually, I don't use
> it at all. But it is a valid study. And as for Gann methods and Cycles, just
> because you may hit a wall somewhere does not make it an 'illusion'. That is
> presumptous. I've taken cycles beyond the textbook nonsense and know for a
> fact it works and is no illusion. It is not even mystical.
>
> > The Square of nine has some truth in that the square expansion is in
> > nature as is the fibonocci expansion. 2,3,5,8.. square 4, 9, 15,
> > ect... and the triangle expansion 3, 6, 10, ect.
>
> The Square of Nine is a very valuable tool when used properly. I use it
> mostly for some price points along with other price discovery methods. Not
> much good at using it for time though. So it simply compliments my cycle
> timing model to give a good picture of events.
>
> > I have a problem with mysticism! I had a big problem when my dad used
> > religion and the bible. Mysticism is what the church uses to get
> > undeserved and unearned power over peoples lives. Mysticism is what
> > fortune tellers use to con people. My Dad makes money trading in spite
> > of Elliott. It is his ability to "read" the tape that works for him,
> > that is a developed skill over many years.
>
> I don't see the connection between the Bible and trading. And I know Gann
> did. That is one facet I don't deal with in relation to any of Gann's
> methods. I take the useful ones and put the rest aside.
>
> > I have no problem telling people who use my charts to go ahead and use
> > Gann Lines, or F-Dates. Whatever gives a person confidence and gets
> > them to act on information and more importantly a place to place a
> > protective stop is great. But, I wouldn't use them out of the context
> > of the Cycle Surfer.
>
> > Honestly, Gann taught that to be rich and happy you had to Chant
> > Jah,,,Ho,,,,Vah,,,, and meditate. That is wacky... "The Magic
> > Word"....by Gann...
>
> I've never read that book because the title turned me off. As for chanting
> "Jah Ho Vah and mediate, that IS WACKY. But not the name. It happens to be
> the name of God (in English is Jehovah aka Yahweh)
>
> Because of what I personally have found of use from Gann, and my own
> discovery into dynamic cycle analysis, there isn't anything that can be said
> to make me see otherwise. It is like seeing a house on fire and then being
> told that it isn't on fire. Once the eyes see it, you can say whatever you
> like.
>
> My personal take on this Dale is that you need to focus on teaching subjects
> you are good at. If that be the Cycle Surfer, cool. That's your baby. But
> you ought to understand that others may have a greater grasp on something
> you admit not finding benefit in.
>
> Peace.
>
> -R
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