Why Wyckoff NOT Gann

[dla133]

Hi,

I just thought I would give an update of my trading since reading posts from the Wyckoff Forum, especially those posted by DBPhoenix and Gassah. Since trying to become a Wyckoff student I have placed 12 trades this year with 12 giving a profit. This profit has given me a 30% profit on my capital. I now feel I am looking at the market in a totaly different way with an eye on Supply, Demand, Selling and Buying waves. The biggest thing for me so far has been not to panic when the trade doesn't go the right way to start off with, as long as the action still looks right then stick with it. So I would like to say a BIG THANK YOU to all who have answered my questions with patience in this forum.

So why the title of this thread?
Well I am still studying Wyckoff but have wondered why other more experienced traders chose Wyckoff over Gann?

Kind Regards
Lee

[GhostofLivermore]

Originally Posted by dla133 Hi, I just thought I would give an update of my trading since reading posts from the Wyckoff Forum, especially those posted by DBPhoenix and Gassah. Since trying to become a Wyckoff student I have placed 12 trades this year with 12 giving a profit. This profit has given me a 30% profit on my capital. I now feel I am looking at the market in a totaly different way with an eye on Supply, Demand, Selling and Buying waves. The biggest thing for me so far has been not to panic when the trade doesn't go the right way to start off with, as long as the action still looks right then stick with it. So I would like to say a BIG THANK YOU to all who have answered my questions with patience in this forum. So why the title of this thread? Well I am still studying Wyckoff but have wondered why other more experienced traders chose Wyckoff over Gann? Kind Regards Lee

Lee

Let's see if I understand you.

You've found something that works extremely well for you and your asking why not do something else?

I don't mean to be sarcastic but that's just a nutty question.

The problem with most people is they don't know how to be happy and most traders fail because they never really master one thing before the try and jump to the next.

[dla133]

Hi,

Thanks for your response. Please don't think I'm not happy with my progress because I am. However for me trading is a life long learning curve. I have been down the route of most traders with tips, technical analysis searching for pattern, Canslim etc. I discovered Wyckoff before I had heard about Gann and that is the reason I am a Wyckoff student. The reason I am still a Wyckoff student is because it makes sense to me and appears that this style of trading suits me as a person. I like the way it allows me to feel in control of my trades even when they go against me at first and not panic and sell out, only to see the trade reverse back into what would have been a profit.
I was hoping that somebody on this forum will have looked at both and would be helpful in giving their reasons for choosing one over the other.

Cheers
Lee

[Kiwi]

If you want sense don't look at Gann then.

Wyckoff is simple sense. Gann is a mix of sensible and strange. Don't mess up your mind.

[dla133]

Hi Kiwi,

Thanks for the reply. I should maybe consider myself lucky in discovering Wyckoff before Gann.

Kind Regards

[srag&birdie2]

My Mama was related to Gann - a grand niece or great cousine or some such thing like that. I don't know, exactly. Anyway, she was certifiable, my Mama. A great soul, but I mean really nutz. I love her of course, but Geeze-uz. The stuff we went through my sisters and brothers and me. I had the craziest childhod - you don't want to know. That was enough fo me to know Gann was off limits once I was old enough to know better.

[dandxg]

I will take it this still a serious discussion that I have been thinking a lot about lately. I came into trading being told that Gann was nonsense, it didn't work, all that from people like Alexander Elder and his kid. I spend a good deal of time learning VSA and Wyckoff. I am changing my attitude on Gann having spoke to people that use his methods and trying some of the more elementary stuff myself. Stuff like Murrey Math which work pretty well used in conjunction with Wyckoff. If you step back from the mystique and look at the earlier workings of Gann its all based on geometry. Pyrapoint looks promising but I can only bite off so much. The astro stuff I haven't delved into much.

What it comes down to is do you believe you can predict cycles. Some astro ppl are calling for a big move on March 10, Mars Direct, most of the say up. A software from the Foundation For the Study of Cycles predicts an up move about March 12th. Will be interesting to see.

P.S if I didn't spell it out clearly, cuz Im tired, is the compliment each other. Use volume to determine if a Gann angle will turn there. The funny thing is Gann viewed time the most important, price second, and last volume so a bit of a direct conflict there but I use them together.

[BlowFish]

Whatever you think about the more esoteric Gann stuff he preached pretty robust money management ideas and wrote some pretty solid stuff on price action. You don't really need much more than that.

[dandxg]

Originally Posted by BlowFish Whatever you think about the more esoteric Gann stuff he preached pretty robust money management ideas and wrote some pretty solid stuff on price action. You don't really need much more than that.

Its funny you mention that because when I heard Tim Morge speak he said he really loves AP, but if it weren't for the often 3-1 R to R he wouldn't use it.

[dandxg]

Originally Posted by dandxg I will take it this still a serious discussion that I have been thinking a lot about lately. I came into trading being told that Gann was nonsense, it didn't work, all that from people like Alexander Elder and his kid. I spend a good deal of time learning VSA and Wyckoff. I am changing my attitude on Gann having spoke to people that use his methods and trying some of the more elementary stuff myself. Stuff like Murrey Math which work pretty well used in conjunction with Wyckoff. If you step back from the mystique and look at the earlier workings of Gann its all based on geometry. Pyrapoint looks promising but I can only bite off so much. The astro stuff I haven't delved into much. What it comes down to is do you believe you can predict cycles. Some astro ppl are calling for a big move on March 10, Mars Direct, most of the say up. A software from the Foundation For the Study of Cycles predicts an up move about March 12th. Will be interesting to see. P.S if I didn't spell it out clearly, cuz Im tired, is the compliment each other. Use volume to determine if a Gann angle will turn there. The funny thing is Gann viewed time the most important, price second, and last volume so a bit of a direct conflict there but I use them together.

I only have access to FFSC software for another day and their weekly cycle turn date is now March 19th and March 17 for daily. This stuff has a plus minus factor of 1 and I am still watching and learning with cautious dose of obtimism.