Customer Reviews

The W.D. Gann Method of Trading: A Simplified, Clear Approach

5 star:		(0)
4 star:		(0)
3 star:		(1)
2 star:		(2)
1 star:		(6)

 

 

The book is either guilty of many mathematical errors or the author has left out reasons for using formulas which don't add-up. I stopped reading at page 18 and returned the book. This is where all of the unexplained miscalculations began.

Looking for book to blow you out your wits, waste your time and money. Then you have found the boook your looking for. Yes! it comes with a confusion GAURANTEED.. Whats more you also get free mathematical errors for no cost at all but your time...Ladies and Gentlemen presenting.. "The W.D. Gann Method of Trading" a SIMPLIFIED ( Yeah right ), CLEAR ( hehhehe) approach... by Gerald Marisch.

This book achieves what it aims to do. It gives an overview of some of Gann's ideas and explains his 50% retracement rule in almost painful detail.

I understand the frustration of the previous two reviewers. The book is poorly edited and full of typographical errors. Because it contains a lot of detailed workings, there is a tendency for the eye to skip over that detail. I can imagine that is exactly what the editor's eye did. Hence the typos.

This book is not worthless though. It contains some sound advice about the importance of employing systematic analysis and the disciplined use of stops. It also provides a simple but reasonably effective trading technique. On the other hand, it is dull and too long. The general technique is also covered more succinctly and interestingly in other trading books.

It is not worth the "new" price but a cheap secondhand copy or, even better, a loaner might be worth the effort

One can seldom find such one sided, overwhelming negative comment on Amazon of a trading book. All reviewers before me rated this book with less than 3 stars. This book really belongs to the rare breed.

Though he author used a lot of charts, supported with Stochastics (he used that badly, too), to elaborate how to use Gann's ideas to trade for profit, he failed miserably. His charts and his analysis were simply beyond apprehension, even for a pro like me. You couldnt understand what "pattern" (that's what charts are for) the author was talking about. He should have employed some professionals to edit his original script. The addition of copy and paste ideas from the original Gann books just couldnt help at all. Dont waste your hard earned money on this mess.

p.s. I am sorry that the only points the author made it clear were:

1)The basic ratio of Gann Angles is 1:1 - one unit of price equalling one unit of time. A 2x1 Gann Angle indicates that prices are moving two units of price in one unit of time. (Perhaps the only clear thing on this book)

2)After an initial, sustained price move, either up or down, prices retrace ot 50% of their initial move. If the retracement exceeds 50%, prices should continue to the 62.5% (5/8) level, before a reaction occurs. (Gann used 1/8 as the base unit of his forecast) (Perhaps the only simplifed and clear thing on this book)

Gann's trading methods have always been a mystery to those of us who don't understand his strategies. However, this book makes an attempt to resolve the mystery behind Gann's trading system and it's almost more "simplified" if you read a book that Gann had written himself. This book does nothing to shed light on how Gann worked his magic. You're better off reading something by William Gann himself and trying to decipher his methods on your own.

...about 5 years ago in IBD there was an ad for this
book in which the book seller said this book was full
top secret info never before available and only available
for the next 2 or 3 days, then the offer is gone forever.

I panic bought. I feel like a total fool.

This book is worthless.

Maybe I am incapable of understand Gann's square of 9 and angles because I was not really able to decipher most of this book. I will admit, the book does attempt to simply Gann's methods.. but it is far from clear. This does not totally discredit the book and it's potential methods, but I was not able to understand it to where it might improve my bottom line.

You will learn that the most important retracements are 50% and 100%. So, you should be at first half broke and than completly broke.
Lots of charts, but no hint how it is drawn.
It is stated that your computer should be a 286 or 386.
You will have conversion tables to convert fractions to decimals: 1/2 = 0.5
4/8 = 0.5.
Do not waste your time and your money.

In addition to being poorly written and poorly edited, this book is not helpful. I guarantee that after reading this book, you will not know any more about Gann's trading methods than when you started. Nothing is explained! Hard to believe that the author could claim to be making Gann understandable when the book does not help at all.