Gann was a technical trader who introduced some unique methods that are still used by traders today.
Perhaps one of the most interesting concpets is Gann's view on the relationship between price and time.
Gann amassed a $ 50 million trading fortune with his methods and there used all around the world by savvy traders seeking bigger trading profits.
Let's look at the relationship between price and time
In common with other technical analysts Gann believed that market action was cyclical
"What happened in the past will happen again"
To trade with the odds on your side in the future mean looking at past patterns.
The reason this is logical as human nature is constant and this shows up in the markets as patterns as humans ultimately determine the price of anything.
Price and Time
So why is the interaction between price and time so important?
Gann believed that critical price movements occurred when price and time converged.
These convergences could give advance warning of an important trend and traders could trade for profit at these points.
If price and time did not converge, then time would be considered more important than price.
Time, was considered by Gann to be the ultimate timing indicator.
If you think about it time governs all of nature not just the financial markets.
"Just remember one thing, whatever has happened in the past in the stock market and Wall Street will happen again"
Advances in bull markets will come in the future, and…