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Gann Trader

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Posts posted by Gann Trader

  2. Posted

    mmmhh - im really interested to who you are as i am joes protoge and long time freind. what you just said doesnt make sense , "dividing the lines into 8 " Joe wasa student but moved away from Gann stuff and created his own work - symmetrics - that does work and you dont have to be a rocket sceintest or learn ganns propped up complexities which i might add dont work the way people market them.

     

    Joe had many people saying they were partners ? care to explain

     

    thanks

     

    Symmetrics, Just saw your post, can you tell me where I can purchase Rondinone courses, I believe he created several of them,

    thanks

  3. Posted

    Check my comments on tech analysis. My partner is Gann's last living student, Joe Rondinone. I am a Gann fan but not using the fan. Gann could and you can tell where the market is going to the penny in advance. He wrote about it. I know one guy that is teaching it but, he is off a little. Just seperate the chart into 8 horizontal lines if you get it right you will have the secret. If I can find an article I wrote years ago Ill post it.

    Apig CTA

     

    Hello Apig, I am interested in purchasing Rondinone course material, can you tell me where I can purchase them from, I am not able to find any links to a website that offers his trading methods

    thanks

  5. Posted

    hi mitsubishi, Actually I never stop trading, I just stop using the Taylor method after my very disappointing experience, so I had nothing else to share. with the group since I was no longer using it. I am a day trader, I trade primarily the Emini SP , the Taylor method just does not fit my style of trading. Its probably useful for someone that position trades but I am flat all my position before closing.

    bobcollett I will check out page 595 as you suggested, thanks

  6. Posted

    hi mitsubishi, Good hearing from you and I hope all is well with you and your family. Well believe it or not but I am just using some basic moving average indicators along with chart pattern recognition. Al Brooks has written several excellent books on price action, just do a google search, simple having a sound knowledge of chart pattern is all you need to make money trading the markets and I found this approach to be reliable when used in conjunction with a simple moving average indicators. Taylor's idea is sound but perhaps todays market is a lot different from the market that Taylor traded back in the 1950's.

    richbois Has done extensive work with the Taylor method and he is also a vendor, I have a lot of respect for the work he has done and have read and learned a lot from what he discussed in his thread on this site and on My PIvots, perhaps he can share with us his experience, but I would really love to hear from anyone who is using this method to trade real money that has had success, its quite different from paper trading where there is no pressure to make a decision

  7. Posted

    Very difficult method, works on paper trading but in real time it did not work for me, I tested it for several weeks on paper and the results were great but when I applied the method with real money, I immediately lost about $1000 in just a few days. I would honestly not recommend this method unless you have taken the time to thoroughly test it on paper and have enough confidence that it will work for you in real time trading. Or perhaps you could just use it as a timing method, to determine the direction of the market, that is to find out what day is a Sell day or a Buy day, then use some type of simple crossover moving average system, like Bolinger bands to refine your entry price. But simple relying on the Taylor method 100% could prove to be a disaster. I honestly studied and tested this method over several months, I kept and maintained a book and logged all the trades on a daily basis, but strangely enough once I decided to use it real time it failed miserable.

    Maybe other have had better luck with it than I have. But I have since put the book back on the shelf and have no plans to open it again in the near future.

  12. Posted

    inputs:

    PlotFastK (false),

    PlotFastK1(false),

    PlotFastK2(false),

    PlotFastK3(true),

    PlotFastK4(False),

    DispayMidLines(True),

    FastKHullFastest(2),FastKHull1(3),FastKHull2(3) ,FastKHull3(3),FastKHull4(3),FastDHull1(7),

    PriceH( High),

    PriceL( Low),

    PriceC( Close),

    StochLength( 2),

    SmoothingLength1( 5), { used to slow FastK to FastD = SlowK }

    SmoothingLength2( 5), { used to slow FastD to SlowD }

    SmoothingType( 2), { pass in 1 for Original, 2 for Legacy }

    ZeroLine( 0),

    OverSold( 20),

    Midline(50),

    OverBought( 80),

    TopLine(100),

    BottomLine(-100),

    UpColor(green),

    DownColor(Red),

    fast(3),

    slow(3),

    width(3);

     

     

    variables:

    oFastK( 0 ),

    oFastD( 0 ),

    oSlowK( 0 ),

    oSlowD( 0 ),

    slowK1(0),

    slowD1(0),

    FastKFastest(0),

    FastK1(0),

    FastK2(0),

    FastK3(0),

    FastK4(0),

    FastD1(0),

    FastD2(0);

     

    Value3 = Stochastic( PriceH, PriceL, PriceC, StochLength, SmoothingLength1,

    SmoothingLength2, SmoothingType, oFastK, oFastD, oSlowK, oSlowD ) ;

     

     

     

    FastKFastest=jthma( oFastK ,FastKHullFastest );

    FastK1= jthma( oFastK ,FastKHull1 ) ; {Yellow}

    FastK2= jthma(FastK1 , FastKHull2 ) ; {Red Green}

    FastK3=jthma(FastK2,FastKHull3 );

    FastK4=jthma(FastK3,FastKHull4 );

     

     

    If PlotFastK3=True then begin

    plot13 (fastK3,"FastK3"); end; {Cyan}

    If PlotFastK4=True then begin

    plot14 (fastK4,"FastK4"); end;

    If PlotFastK=true then begin

    plot10 (oFastK,"FastK "); end; {Cyan}

     

    If PlotFastK1=True then begin

    Plot11( FastK1 , "FastK1" ) ;end; {yellow}

     

    If PlotFastK2=True then begin

    Plot12 ( FastK2 , "FastK2" ) ; end;

    Plot2(ZeroLine, "Zero Line") ;

    If DispayMidLines=True then begin

    Plot3( OverBought, "OverBot" ) ;

    Plot4( OverSold, "OverSld" ) ;

    Plot5(Midline,"Midline");end;

    plot6(TopLine,"100 Line ");

    plot7(BottomLine,"BottomLine");

     

    if ( FastK1 < FastK1[1] ) then

    plot11[1](Plot11[1],"FastK1", yellow);

    if ( FastK1 > FastK1[1]) then

    plot11[1](Plot11[1],"FastK1", yellow);

     

     

     

     

     

    if ( FastK1 > FastD1) then

    SetPlotColor(12, magenta)

    else if (FastK1 < FastD1) then

    SetPlotColor(12, magenta);

    if ( FastK1 > FastK1[1]) then

    plot12[1](Plot12[1],"FastK2", magenta);

     

     

     

     

     

     

     

    if (FastK1 > FastD1 ) then {Zero Line}

    SetPlotColor(2, Green)

    else if (FastK1 < FastD1 ) then

    SetPlotColor(2, Red);

    If FastK1 crosses over FastD1 then

    plot2[1](Plot2[1],"Zero Line", green);

    If FastK1 crosses under FastK4 and FastK1>OverBought then

    plot2[1](Plot2[1],"Zero Line", magenta);

     

     

    if (FastK1 > FastD1 ) then {100 Line}

    SetPlotColor(6,darkGreen)

    else if (FastK1 < FastD1 ) then

    SetPlotColor(6,darkRed);

    If FastK1 crosses over FastD1 and FastK1<OverSold then

    plot6[1](Plot6[1],"100 Line ", yellow);

    If FastK1 crosses under FastK4 and FastK1>OverBought then

    plot6[1](Plot6[1],"100 Line ", magenta);

     

    If DispayMidLines=True then begin

     

    if (FastK1 > FastD1 ) then {80 Line}

    SetPlotColor(3, darkGreen)

    else if (FastK1 < FastD1 ) then

    SetPlotColor(3, darkRed);

    If FastK1 crosses over FastD1 and FastK1<OverSold then

    plot3[1](Plot3[1],"OverBot", yellow);

    If FastK1 crosses under FastK4 and FastK1>OverBought then

    plot3[1](Plot3[1],"OverBot", magenta);

     

     

    if (FastK1 > FastD1 ) then {20 Line}

    SetPlotColor(4, darkGreen)

    else if (FastK1 < FastD1 ) then

    SetPlotColor(4, darkRed);

    If FastK1 crosses over FastD1 and FastK1<OverSold then

    plot4[1](Plot4[1],"OverSld", yellow);

    If FastK1 crosses under FastK4 and FastK1>OverBought then

    plot4[1](Plot4[1],"OverSld", magenta);

     

    if (FastK1 > FastD1 ) then {Mid Line}

    SetPlotColor(5, darkGreen)

    else if (FastK1 < FastD1 ) then

    SetPlotColor(5, darkRed);

    If FastK1 crosses over FastD1 and FastK1<OverSold then

    plot5[1](Plot5[1],"Midline", yellow);

    If FastK1 crosses under FastK4 and FastK1>OverBought then

    plot5[1](Plot5[1],"Midline", magenta);

    end;

    if (FastK1 > FastD1 ) then {Mid Line}

    SetPlotColor(7, darkGreen)

    else if (FastK1 < FastD1 ) then

    SetPlotColor(7, darkRed);

    If FastK1 crosses over FastD1 and FastK1<OverSold then

    plot7[1](Plot7[1],"BottomLine", yellow);

    If FastK1 crosses under FastK4 and FastK1>OverBought then

    plot7[1](Plot7[1],"BottomLine", magenta);

     

    Does anyone have the ELD for this indicator, or is it available for NT, thanks

  13. Posted

    I hope I am not posting in the wrong thread but I need help formatting some 3rd party data for TS

     

    I would like to exclude the last 2 lines in this data sample . I am aware that the instructions has to be written in the attributes folder and that ,, needs to be written on the header line, but I am not sure how to do it correctly. Below in my sample data you will see there are 9 columns of data, representing

    date open high Low close, volume open interest, I would like to exclude the last 2 columns

     

    199503,461.45000000

     

    I can delete them using Excel, but I wanted to know if there was a easier way using either the attribute folder, or including some instructions in the header line within the data

     

    date open high Low close, volume openinterest

    19950103,821.75000000,822.50000000,820.75000000,82 2.00000000, 48984, 211544,199503,461.45000000

     

     

     

    thanks very much

  15. Posted

    Dear Mitsubishi

    Please post more like this

    regards

    bobc

     

     

    Hi Bobcollect

    Mitsubishi, should be highly commended for the TTT analysis he does, I have been studying TTT since last November, it was very difficult in the beginning but the 3 day cycle that I started seems to be working great. My book is on the SP 500, but I am learning a lot more from Mitsubishi

  17. Posted

    I actually was not implying that any vendors indicator would give you a 90% return, I was simple stating that it was possible to develop a method with the ability to forecast tops and bottoms because most indicators are lagging and they tend to generate false signals. There are natural geometric cycles within the market that constantly repeat themselves, its not an accident when a market makes an important top or bottom, the markets are cyclical in nature and with some work and a bit of research, these cycles can be identified and profitable trading decisions can be made.

  19. Posted

    That was an excellent assessment you made about Taylor and his method. I am beginning to get comfortable with the Taylor method, it took me several weeks of studying and practicing, but from what I have seen so far, its quite accurate. I am on a different cycle day from you but you were right it does not matter because I can see that the pattern is still effective, I covered my short and went long this morning while the market was selling off. Today was a buy day for me, for most of the day the market was down then in the last 30 minutes, it reversed and closed up, again proving that the Taylor method is alive and well.

     

    You are right when you say that there is not much known about Taylor and like you I would like to learn more about him and his past. Someone who I have never met gave me his book about 10 years ago but it was only about 3 weeks ago after reading a thread on this site that I decided to open the book and discover what was so fascinating about his method. It was a very difficult learning curve as most anyone reading his book for the first time will realize but the technique is deadly accurate.

  20. Posted

    You have all provided valid and constructive ideas and the general consensus appears to be that developing your own method is the wiser choice versus purchasing a method from a vendor, however the task of developing a professional level trading software is not as easy or simple as some of you may have suggested.

     

    The basic approach by the less professional vendors seem to incorporate the standard moving averages, RSI, bollinger bands, overbought, oversold indicators and breakout strategies, etc, but these are very basic studies and todays market is a lot more sophisticated than in the past, making these studies irrelevant or obsolete and the reason why most systems fail to produce a profit.

     

    To be able to design a profitable system I would think it would require thinking outside of the box, that means not using the same approach or the same set of technical tools as everyone else . The majority of indicators tend to lag behind the price direction in the market so they generate poor entry and exit signals. So to create any kind of method that would be profitable, would require a certain level of sophistication whereby a preemptive decision could be made. What I am referring to is to having the ability to forecast market directions before they occur, the ability to strategize trade signals with a 90% accuracy. To be able to identify the hidden cycles within the market and capitalize on that knowledge,

     

    Using the above criteria as your core building platform within your software architecture, then implementing a smoothing indicator such as the Jurik indicators to remove the noise, or perhaps the Hilbert or Hurst sine waves this would only help to enhance your entry and exit points.

     

    This in my opinion would be the direction I would take if I decided to develop my own software as you have all suggested, but such a software may have already been created. While the idea that I am proposing may appear to be a star wars type idea, or something you would only find in a science fiction novel, stop and think for a moment that the greatest discoveries of the past began from ideas that were ridiculed ,scorned and rejected.

  21. Posted

    According to Taylor, once you start your cycle count from a major high or low, there is no need to change the 3 day pattern because that cycle will continue into infinity. What is your opinion about that, do you believe if a cycle that started 5 years ago for example, is it still reliable today, and do you further believe that if you and I are trading the same market but due to the fact that we used a different high or low as our start date our cycle falls on different days, therefore how accurate or in accurate could our trades be.

    Your thoughts would be appreciated

  22. Posted

    hi Steve46

    Great hearing from you and thanks for taking the time to reply. Well your suggestion is well taken but even though I have been trading the futures market for more than 20 years, primarily from a technical perspective, I am not a programmer so attempting to design my own system would not be within my capabilities. For me to even make an attempt it would mean devoting time to learning easy language for Tradestation. So with that in mind I would rather focus on someone else method, but someone that has established a track record of success with a background in trading.

     

    There are several good public methods available and individuals with a proven record of success, for example Linda Bradford Raschke who wrote "Street Smarts," Tony Crabel who wrote "day trading with short term price patterns", larry pesavento who developed a few methods based on H M Gartley and of course the various methods of WD Gann.

     

    Anyone of these authors just to name a few have done more in the area of research than any of the above two mention systems, and yes if I was able to and I agree with your suggestion, it would be a much more prudent decision to develop my own method based on any of the ideas from the authors I referred to.

  23. Posted

    monday .... sell day .....

    close out longs and get long again if desired.

    Just curious about your cycle days, you have monday as a sell day, I have monday as a short sell day, so I went short today above last Fridays high of 1348. How long ago did you begin your cycle count and are you market specific

  24. Posted

    I am thinking of purchasing either the Better emini or Blue wave trading indicators for Tradestation, the reviews I have read so far are mixed and not exactly encouraging but I was just wondering if anyone would be willing to offer any comments, criticism or encouragements on either method. Both websites have done an excellent presentation of their method, but obviously they are not going to say anything negative. The best recommendations are usually not from the vendors but from customers . I would like to know if anyone is making or losing money and do you find either method reliable or unreliable.

     

    If for any reason anyone does not recommend any of these 2 methods, then what other method, system or indicators have you found that is better and more reliable for futures trading.

     

    Thanks for sharing your opinion, hopefully it will benefit all of us.

  25. Posted

    richbois is a vendor. go buy his services, you might like them.

     

    Hi Gann Trader

    Nice post

    Have you read Linda Raschke's take on the TTT? Its a lot easier to follow.

    regards

    bobc

     

    Thanks very much for your kind words and thanks for the suggestion, I have her book, Street Smarts and I will read the chapter where she discuss the methods of TTT. I am still studying the TTT manual, its a slow read as I have to take the time to duplicate his examples and also create a book as per his suggestions. I should get up to speed in a few weeks after doing a few examples on paper but I am truly fascinated by his method. If you have ever studied W D Gann you will realize that Taylor's method is not as complicated as most people think it is. You almost need to be a PHD candidate to fully comprehend Gann teachings, so mastering Taylor will simple require patience and determination.

     

    How long have you been using TTT method

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