W.D.Gann - Forecasting

William Delbert (June 6, 1878 – June 18, 1955) or WD Gann, was a finance trader who developed the technical analysis tools known as angles, Square of 9, Hexagon, Circle of 360 (these are Master charts). market forecasting methods are based on geometry, astronomy and astrology, and ancient mathematics.  Opinions are sharply divided on the value and relevance of his work. wrote a number of books on trading.

Gann was born June 6, 1878 in Lufkin, Texas. His father was a cotton farmer. He started trading in 1902 when he was 24.

He was believed to be a religious man by nature who believed in religious as well as scientific value of Bible as the greatest book ever written. This can be repeatedly observed in his books. He was also a 33rd degree Freemason of the Scottish Rite Order, to which some have attributed his knowledge of ancient mathematics, though he was also known to have studied the ancient Greek and Egyptian cultures.

Main article: Angles

Gann described the use of angles in the stock market in The Basis of My Method (1935). Calculating a angle is equivalent to finding the derivative of a particular line on a chart in a simple way.  Each geometrical angle (which is really a line extended into space) divides time and price into proportionate parts. The most important angle called the 1x1 or the 45° angle, which he said represented one unit of price for one unit of time. If you draw a perfect square and then draw a diagonal line from one corner of the square to the other, you have illustrated the concept of the 1x1 angle, which moves up one point per day.

There has been a general disagreement whether he made profits by speculation himself.

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