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Posted by truth-b-told on June 21, 2006, 10:55 pm
Hey RAT,
I guess we now know what you did these past few weeks with your
silence. You sat around and wrote these BABBLING BS promotion plugs,
and you are now BLITZING them in here and on other Forums. Nothing
surprises me anymore!!!
Just take a little closer look at what you are saying. All of this BS
and constant Gann dribble...one can easily understand this OBSESSION
you have with Gann and his maize of BS..... all one has to do is go out
and purchase a Gann book, NOT FROM YOU RICKY, from another reputable
book vendor like Ed Dobson at Traders Press, or from Traders Library,
or from Traders World, and then sitting down and read thru it and then
studying it. Then if one has a desire to further their Gann
investigation, they can purchase Don Hall's Pyrapoint method, or they
can purchase Don Fisher's DGL method. Both can be had for about
$200.00. Then if they want to pursue Gann even further, they can go out
and purchase some reputable software like Advanced Get, or some other
Gann style software, and then work out these Gann swing setups
themselves. There is software that easily does this, some of it is very
expensive, and the small amount of money for end of day data, is about
$1.50 per day. So why do we need to read your BS posts, about how you
became an expert Gann trader, when we have all these products and other
software and books, out there, for one to use. There is NO NEED to do
any business with you, and all one needs to do, is to see how you DUCK
and RUN and DODGE all questions, pertaining to your reputation. This is
why one needs to avoid you, at all costs, and to look elsewhere, where
there is ligitimate people, who are honest, who have software that
actually works, instead of trying to read thru your dribbling posts and
essays, trying to understand what the hell you are trying to sell and
plug this time.
Sincerely,
gerillio.
########
#######
futures-commodity-trading.com wrote:
> ======================
> Mastering the Price Charts
> ======================
>
> If you are using price charts in order to analyze the markets and make
> trading decisions, then it is imperative that you become a master at reading
> this portal to market action. There is a wealth of information that can be
> gleaned by simple 2-D (price and time information) price charts that many
> fail to retrieve.
>
> For years I have drawn and micro-analyzed thousands upon thousands of price
> charts to help me forecast market price action with precision. There are
> countless numbers of market forecasts that I have published on public online
> forums and newsgroups that support my qualification in helping traders work
> towards mastering their chart reading skills.
>
> In some of the articles I've written over the years, as well as many of the
> lessons provided to my membership clientele
> (http://www.profitmaxtrading.com), I've covered the basics that all chart
> readers need to understand about price charts in order to get the true pulse
> of the market. Everything starts at the basic level that I call the 'swing'.
>
> Understanding price 'swings' are extremely important in order to properly
> read a price chart. Trends, which we have all been taught is what we should
> be trading with, is best identified by the current grouping of 'swings'.
>
> W. D. Gann shared a great amount of information in his various books and
> course dealing with 'swings'. He describes the basic identification of
> swings that has not changed to this day. My understanding of swings was
> derived by Gann's teachings.
>
> There are two types of swings. 1) is the swing top and 2) is the swing
> bottom.
>
> When identifying whether a price bar is a swing, you always want to compare
> that price bar with the one immediately preceding it. If the price bar in
> question has a high that is "equal to or higher" than the previous price bar
> and is eventually followed by a price bar making a lower low (while our
> price bar high in question is still the high), it is considered a 'swing
> top'. A swing bottom is just the opposite, where you have a low that is
> "equal to or lower" than the prior price bar low and eventually followed by
> a higher high.
>
> When you have a series of swing tops and bottoms, you can determine the
> trend. For example, if you compare swing bottoms to previous swing bottoms
> and swing tops to previous swing tops, higher swing bottoms and tops
> identify a BULL TREND. Lower swing tops and bottoms identify a BEAR TREND.
>
> In addition to the above simple rule for identifying a bull or bear trend,
> there are always minor exceptions that you should consider. For example,
> where you have a bull trend due to higher swing tops and bottoms, a swing
> bottom may go lower than a previous swing bottom and still the trend is
> considered a bull trend. But it may only go lower than one prior swing
> bottom, not two. Otherwise, the trend is considered 'changing'.
>
> Same for bear trends, where you have lower swing tops and bottoms. A swing
> top may form higher than a previous swing top, but only one and still be
> considered a bear trend.
>
> In either case, whether bull or bear trend, if this exception happens more
> than one time, you then must consider that the trend may be changing or
> entering a consolidation/accumulation phase, often called a SIDEWAYS market.
>
> Swing bottoms and tops make using trend lines easier to use in analysis. You
> will often note future swings will react off of trendlines that are drawn
> using previous swing bottoms or tops. The importance and value of
> identifying swings because more and more evident when you become skilled at
> using trend lines for chart analysis. And for the really skilled chart
> analyst, swings and trend lines will often expose the unseen barriers to
> price action as well as expose the geometric relationships that exist
> between swing tops and bottoms and previous price ranges.
>
> There is always a starting point for learning any skill or craft. When it
> comes to learning to master the price chart, the starting point begins with
> the identification of 'swings'.
>
>
> --
> Cheers!
>
> Rick J. Ratchford
> ProfitMax Trading Inc.
> http://www.profitmaxtrading.com
>
> "If you could see tomorrow, today... would you take it?"
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