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GANNacci Code (GannacciCode.com) review


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GANNacci Code (GannacciCode.com) review

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  #1 (permalink)
 booker777 
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Is anyone familiar with the GannacciCode.com service. He uses GANN analysis with Fibonacci and claims a high win% and great risk/reward of course. He used terms such as squaring price and time which I am not familiar with but is anyone familiar with this approach or with the service. Tks.

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  #3 (permalink)
 Fat Tails 
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booker777 View Post
Is anyone familiar with the GannacciCode.com service. He uses GANN analysis with Fibonacci and claims a high win% and great risk/reward of course. He used terms such as squaring price and time which I am not familiar with but is anyone familiar with this approach or with the service. Tks.


If you go to the website you find out that it is run by a guy called Nick Guerriere, who wants to sell you

- a software package for $ 1,800
- a one year training course for $ 2,600


Google for Nick Guerriere:


(1) Youtube videos:






(2) Other websites run by him:

Welcome To Trader's Island - NinjaTrader

The methodology is based on Gann's squaring of price and time, which in my personal opinion is just mumbo-jumbo. I have never understood why there are still traders around using those concepts.

The videos are not convincing. There is no user manual available for the expensive software package. There is a trial period of 5 days for the trading room.

I personally would not consider spending any money on the course or the software.

But maybe there are some guys who have tried out his trading room and can report their experiences here.

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  #4 (permalink)
 booker777 
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Tks Fat but what does squaring price and time actually mean?

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  #5 (permalink)
 mervyn 
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I recently took the trial for 4 days and skip out the last day because he was kind of putting some sell pressure on me on day 4. He uses a daily chart for time and price squaring and go to a 8 mins to look for entry. He looks for an entry when the price retrace to 50 or 61.8%. Nick is a big fan of triangles. He said he had run charts with his method by hand for the past 80 years and it works. I still donít know why he would spend almost the whole trading day in the Locker Room when he uses daily chart for price and time squaring when you simply can do that at the end of each trading day. He does not use tick charts even though the website says you can apply the method to any timeframe. Go ahead and do the 5 days trial if you want since you have nothing to lose. He does want to do a one-on-one with you before you start your 5 days free trial though. Another thing is he does not call out trades in the room so at times I did not even know he was in a trade.

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 Fat Tails 
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booker777 View Post
Tks Fat but what does squaring price and time actually mean?

Gann was a numerologist. In my opioin, squaring price and time is mumbo jumbo. I do not mind, if somebody else does not share my opinion. The world is multicolored.

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 Cloudy 
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mervyn View Post
I recently took the trial for 4 days and skip out the last day because he was kind of putting some sell pressure on me on day 4.

Reminds me of another trading room I trialed, then tried for a month. At least it had live calls, but the room was only two hours and most of their "profitable" trades were posted in the "daily wrapup" outside the trade room => red flags. At times I felt I was the only one in the room and I felt the pitches day after day for the "full package" which was over $7k. The other "members" in the room , I felt the host already knew well probably because they were really part of the organization(friends or family) pretending to be members. And yes, pushing for a 1on1 too. I'd quit then they tried to make me feel guilty for leaving. Like aggressive car salesmanship. And also with a "big voice" sounding guy. I guess ex-car salesman are trying to make a go at this tradeucation too. Annoying.

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 lameo 
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For those interested in Gann master charts, sometime ago I discovered purely by chance the hex formula. While the Sq9 formula is well known, this one isn't.

(SqRoot the number on the chart +/- sq root 3)squared gives you 360 deg up or down. You can easily find all the rest angles/aspects having in mind root3 stands for 360 deg when speaking about the hex. While in SQ9 360 deg is 2.

Example:
Root 363=19,05255888
Root 3= 1,732050807
(19,05255888-1,732050807)squared=300

and so on ...

PS All that gives me a hint that if we look for moments when P&T are squared, meaning BALANCED, the balanced Price,Time&Volume represent a CUBE.
Root3 is the length of the 3D diagonal in a cube with a side of 1.

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 Fat Tails 
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lameo View Post
For those interested in Gann master charts, sometime ago I discovered purely by chance the hex formula. While the Sq9 formula is well known, this one isn't.

(SqRoot the number on the chart +/- sq root 3)squared gives you 360 deg up or down. You can easily find all the rest angles/aspects having in mind root3 stands for 360 deg when speaking about the hex. While in SQ9 360 deg is 2.

Example:
Root 363=19,05255888
Root 3= 1,732050807
(19,05255888-1,732050807)squared=300

and so on ...

PS All that gives me a hint that if we look for moments when P&T are squared, meaning BALANCED, the balanced Price,Time&Volume represent a CUBE.
Root3 is the length of the 3D diagonal in a cube with a side of 1.


Nice, but how is this related to trading, if at all?

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 lameo 
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Hi Fat Tails,

It is really a challenging question and I really doubt my answer will be full and satisfactory for you. I have a relatively deep knowledge of Gann's teaching (mainly from his original courses, not from other people - and for sure, I;m far far away from knowing and understanding everything from him) and I know they are not accepted by many individuals because of his mystical and esoteric valencies. I mean it will be almost impossible for me to give you a satisfactory answer, provided you are not familiar with the above mentioned basis which is complex and often confusing. I mention this because many people ignore the original writing for that reason.

The key to balancing P&T is the use of scale. One time unit for every one price unit - the use is relative and not clearly explained by Gann. Let's say if S&P500 is trading - at a given moment - at 1408.75 that means that if this price is 1409 TIME UNITS (hours, days, weeks, months) away from a previous MAJOR Hi or Lo, then a change in trend is due. Gann would say the price 1409 is touching a ZERO ANGLE from top or bottom X, Y, Z ...whatever. The larger the time unit, the larger the change. I've tried this with very little understanding in soybeans swing trade - indeed, the important change happened, but I expected a reversal while it spiked, wildly confirming the trend. It was disastrous for me ... I've seen this kind of set ups (balanced price space with time units) many times in beans.. But I think this should be used with other confirming tools and with very deep understanding of chart and volume patterns - upon individual discretion - and tested many times before entering a real trade. I wrote my previous post because I find the idea of balancing the major mkt parameters - P,T and V - very interesting since most of the time mkts are not balanced. Most indicators explore price alone, but when we try to understand the interrelation between the price action, the time elapsed from an important tops or bottoms + the volume action at this moment then it is natural to have a better understanding of market coordinates and the trend structure.

Yet, if this kind of set up signals a change in trend on a daily/weekly basis, and we see this confirmed by market, then the perspective for the intra-day trader in the direction of the trend would give him much more confidence.

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 Fat Tails 
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lameo View Post
The key to balancing P&T is the use of scale. One time unit for every one price unit - the use is relative and not clearly explained by Gann. Let's say if S&P500 is trading - at a given moment - at 1408.75 that means that if this price is 1409 TIME UNITS (hours, days, weeks, months) away from a previous MAJOR Hi or Lo, then a change in trend is due. Gann would say the price 1409 is touching a ZERO ANGLE from top or bottom X, Y, Z ...whatever. The larger the time unit, the larger the change.

@lameo: Thank you for upright answer, much appreciated. Now let me ask a question. Why do you think that if you have a high at 1408.75 this should be related to any 1409 time units whatsoever. Trading is not a religion and time units are not related to price.

Or let me put it otherwise. If you trade YM or FDAX, they will likely have their highs at the same time as ES. But for ES you will have to search for a major high and low 1,420 time units back, for YM 13,200 time units and for FDAX 7,000 time units. See chart attached. There are more stocks that move in parallel with ES and many of them have their highs and lows at the same time. But they all have different prices. Also see chart below.

I conclude by applying simple logic that the absolute prices of stocks cannot be related to time units. I further conclude that anything like squaring price and time is pure nonsense.

If you look at the writings by W.D. Gann, he has produced a lot of rubbish. He also was a great trader and some of his writings are definitely worth reading. That makes it difficult to sort the sheep from the goats.

Here is an example from one of his works (The W.D. Gann Master Commodities Course - Chapter 8): " - The planet Jupiter is at 21 degrees gemini, which is 81 degrees in longitude from "0" the square of 9. Subtract 135 degrees from Jupiter gives 306 or 6 degrees Aquarius. This is why Soy Beans have met resistance so many times between 306 and 311 1/4...."

It can't be that difficult to understand that this is mere hocus-pocus. Not easy to write something which is more stupid. Angles, fans, squares of 9 will never work.

On the other side, I have coded an indicator - the GannHiLoActivator - which is based on the works of W.D. Gann. It is sort of a precursor to the SuperTrend, and I do not think that it is stupid at all. W.D. Gann's teachings are a peculiar blend of practical approaches that work and numerological and astrological nonsense. Be careful not to take all of it seriously.



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 lameo 
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Hi Fat Tails,

thanks for your comment. You are asking reasonable questions. I'll try to answer to a certain extend but with no promise that this is all - although Gann sounds simple, this is only on the surface. There is much more than the eye meets... There is no such thing as Gann fan - this is someone's wrong interpretation of Gann, but is quite popular as a trading instrument in some trading softwares for those who do not know Gann. Gann used planetary longitude and converted it into price and vice versa - he converted price into time, but using different scales interrelating price and time. He used the solar year as a circle of 360 deg, very close to our 365 days. He measured everything according to the circle of 360 deg. He used not only the solar year cycle but also the Jupiter, Mars, Saturn, etc - but in every case he related one deg planetary movement to a corresponding price change. Things get really complicated the more correlations one finds. Actually he used prices as if they were planets. He talked about "squaring the range, squaring lows and squaring highs. I think he aspected price and time using the major astrological aspects - that is why he talked so much about squares and triangles and the corresponding numbers 45, 90, 180, 120, 270 etc, which are actually DEGREES OF THE CIRCLE. In the case of soybeans letter you quote", 21 Gemini means 81, because Gemini begins at 60 deg after the spring equinox, which is 0 or 360 deg. 360+81=441, square of 21, by the way.

441 - 135 deg (major planetary aspect, others are 90, 180 and 270) gives you THE PRICE 306, which he explained as ONE OF THE IMPORTANT RESISTANCE LEVELS, bacause the beans traded there at the time he wrote his letter. He stated that Prices are governed by TIME, meaning PLANETARY LONGITUDE, and Gann angles are actually planetary longitude balancing Price and Time. So if I had to use the word rubbish I would apply it to "Gann fans".

I'm not sure I can give good explanation of the example with your charts following almost identical cycles but trading at different price levels. This would take time for experimenting... not now, please. Yet, Gann would say a price of 7 113 - for example - is 19 times the circle of 360 + 273 deg over, or 3 deg Capricorn, or the time (solar) around Christmas:. Gann used his astro-knowledge in MULTIVARIANT manners that are not always clear to his readers including myself. For example in his coffee letter he uses several ways of correlating P&T- he uses 12 points of price change to one deg of Jupiter move, since Jupiter cycle is 12 years, in the case he uses Saturn degrees - converted into earth days - he relates 1 deg of Saturn time to 30 points price change, because the Saturn cycle is 30 years and also he uses 1 point to 1 solar deg, which is one day for us - so here he gives 3 different variants of balancing P& T (Jupiter, Saturn and Earth time). To add insult to injury Gann would have probably found a dozen more other correlations and aspecs with planets and important tops and bottoms. In the case of the example with the Price of 7 113 ( I can not see clearly the prices on your charts) I would look for squaring of time periods harmonizing with the number 273.

PS The attachments represent original Gann charts he draw himself.

More - the divisions of 8ths of P&T are 45 deg divisions of different cycles, related according price and time to numbers 360, 720, 1080, 1440 ...12 960 etc. Same is true about the 1/3 and 2/3 divisions fr P&T representing 120 and 240 aspects, or the trine. Gann considered the all time high and all time low equivalent to major cycle expiration when/where P&T were equal, or balanced, or squared and then measured the repetition of this cycles (and their divisions as resistance levels) in both time and price units projected ahead in the future as conjunctions(360), oppositions (180 deg), squares (90, 270), semisquares (45, 135) etc etc.

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 Fat Tails 
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May I cite a passage from the New Market Wizards, interview by Jack Schwager with William Eckhardt (Collins Paperback, page 111)

"I have always been amazed by how many people are either oblivious to the scale-dependent nature of chart angles or unconcerned about its ramifications. My realization of the inherent arbitrariness of slope-of-line methods is precisely why I've never been willing to spend even five minutes on Gann angles or the works by the proponents of this methodology."

This statement - which was made by Jack Schwager in response to an explanation by William Eckhardt - says it all. I have already spent more than 5 minutes with the subject, and I will now leave this thread for good.


@lameo: We certainly agree that we have a different opinion on Gann's methods. I don't mind.

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 lameo 
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I do not either.
Everyone should feel comfortable with his own opinion and judgement, especially when real trading is concerned.

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 nqcruiser 
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Right now, our man Nick of gannaccicode has a special going on and deeply discount his stuff. To his credit, he seems to have more transparency than the tons of US snakeoil traders parading themselves as selfstyled trading mentors. While I havent seen his trading statement, somethign that is akin to asking a guy to see his genitals, he openly says what he trades and the contracts he risk. Unlike many, he constantly runs his works across forex and futures pairs. his mantra is that he trades at the risk to reward of 7:1.

i really would want to hear of those who have been longer than 5 days in the room.

Isnt there a way of getting similar info from other software without forking out 1500

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 nqcruiser 
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Nick extensively uses a 50% level and believes religiously that once a magic bar breaks the 50% fib level, it will reach the targets, that r 1.218% levels. is there a way of spotting what kind of magic bar he watches. Who else out there uses Gann crystall ball with high degree of precision timing

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 nqcruiser 
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for the Gann enthusiast, Gann indicators and stuff r also found in dynamic trader and mtpredictor. but the extensive ones are in dynamic trader. if u can get version 3 of dynamic trader, u can pretty much run Gann fans and works there

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 SpyderTrader 
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Anyone shell out the 1700 for this guys course?
His NT webinar was pretty good.

Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
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 skf42005 
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Spyder Trader, did you ever try the GannacciCode?

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 Aragorn 
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Just watched 1/3 of a webinar. That 1/3 was information. The other 2/3 of the webinar was to entice people to his session after the webinar.

He is far more interested in daily charts than intra-day charts. As a matter-of-fact, he seemed rather put off by the idea of showing his intra-day charts.

He uses 4 min charts to trade options. From what I saw, he needs to trade options because the majority of his entries are so bad.

He said that you can start trading with as little as $1500. Again, for options.

What's interesting is the Course is 2x+ that at a, {gulp} $3600 cost and $99/mo after a year.

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