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.
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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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.
Last edited by Cloudy; August 12th, 2012 at 05:26 AM.
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.
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.
Last edited by lameo; September 2nd, 2012 at 04:58 AM.
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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.
Last edited by lameo; September 2nd, 2012 at 08:36 AM.
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