Pattern Price and Time Using Gann Theory in Technical Analysis James 9780470432020

Post on: 29 Май, 2015 No Comment

Pattern Price and Time Using Gann Theory in Technical Analysis James 9780470432020

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An updated look at applying W. D. Gann's controversial trading concepts to all major markets W. D. Gann continues to be one of the most controversial figures in technical analysis. Despite his detractors, his theories remain fundamentally solid, and have been successfully adapted by several generations of traders. In this authoritative text, expert technician James Hyerczyk presents a straightforward overview of Gann Theory, its basic principles, and its proper applications in creating profitable trading systems. Hyerczyk examines, in complete detail, such essentials as swing charts and trend indicators, percentage retracements, Gann angles, and cycle dates. With fresh information about how to use price scales when charting forex, equity, and ETF markets, as well as discussions on how to calculate Gann angles for each market, this Second Edition of Pattern, Price and Time is a must-read for anyone looking to thoroughly understand—and successfully implement—one of the most important and powerful trading methods in existence. James A. Hyerczyk (Palos Park, IL) is commodity trading advisor and President of J.A.H. Research and Trading, which publishes a daily, weekly, and monthly advisory service on the futures, forex, ETF, and equities markets. Hyerczyk is a registered Commodity Trading Advisor with the National Futures Association and has been actively involved in the futures markets since 1982.

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James A. Hyerczyk is a registered Commodity Trading Advisor with the National Futures Association and owner of J.A.H. Research and Trading. His firm publishes Forex Pattern, Price & Time Report and the Futures Pattern, Price & Time Report newsletters and offers daily, weekly, and monthly advisory service on the futures, Forex, ETF, and equities markets as well as providing educational, research, and consulting services. Hyerczyk, who has been actively involved in the futures markets since 1982, has been published in print in SFO and Futures magazines as well as on various financial Web sites including FuturesHound.com and ForexHound.com.

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While W. D. Gann continues to be one of the most controversial figures in technical analysis, many of his theories have been successfully adapted by several generations of traders. In this fully revised and updated Second Edition of Pattern, Price & Time, expert technician James Hyerczyk presents an accessible overview of Gann Theory, its basic principles, and its proper application to real markets. And while Gann's concepts are a prominent part of the book, Hyerczyk adds some of his own original ideas to the discussion and offers insights into using technical analysis to trade today's Forex, futures, and equities markets. Written with both the expert and aspiring trader in mind, this reliable resource skillfully examines the key elements of technical analysis—pattern, price, and time—by highlighting the proven trading techniques of Gann, and explores how these three elements can help you anticipate market movements and make more informed trading decisions. Unlike other analysis or trading disciplines, Gann analysis can be used in conjunction with other popular trading tools such as pivot points and candlestick charts. In fact, Pattern, Price & Time, Second Edition is written so that the reader can use Gann techniques to complement most trading strategies. The procedures highlighted will enhance a trader's ability to make sound market decisions because it teaches the importance of balancing analysis with the right amount of pattern, price, and time. Opening with a brief introduction to Gann, his theory, and the importance of having accurate data and charts, Pattern, Price & Time, Second Edition moves on to address other essential issues associated with this discipline, including: Building swing charts using the minor trend, the intermediate trend, and the main trend Using horizontal support and resistance levels to find balance points in the market Calculating Gann angles for different markets Understanding the various ways that time can be used to determine tops, bottoms, and changes—from the most difficult method (natural cycles) to the most popular method (the squaring of time) Combining pattern, price, and time into an effective analysis and trading tool And much more After the first edition of Pattern, Price & Time was published, Hyerczyk received criticism that he was holding back on Gann's secrets. This couldn't be further from the truth, and in order to prove this, Hyerczyk points traders, who want to study the metaphysical aspects of Gann analysis, in the right direction. Hyerczyk also reveals what he believes is the source of Gann's Law of Vibration and, in an effort to further enhance your trading performance, includes a link to the TradeStation code for his trend indicator. This will allow you to create swing charts in the same manner as W. D. Gann. To profitably trade today's markets, you can't rely on pattern, price, or time independently. You must apply a combination of these three elements to improve your analysis and trading—and with the Second Edition of Pattern, Price & Time as your guide, you'll quickly discover exactly how.


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