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.
Table of Contents:
Preface. Acknowledgments.
Chapter 1. Why Pattern, Price and Time?
Chapter 2. Who Was W. D. Gann?
Chapter 3. Gann Theory in a Nutshell.
The Basis of Gann Theory: The Law of Vibration.
Pattern.
Price.
Time.
Squaring the Price Range with Time.
Advanced Price and Time Techniques.
Gann Theory and Its Application to Trading.
Chapter 4. Chart Basics.
Gann-Format Charts.
Proper Chart Construction.
Charting Programs.
Types of Charts.
Summary.
Chapter 5. Pattern: Trend Indicator Charts.
Minor Trend Indicator.
Intermediate Trend Indicator.
Main Trend Indicator.
Trend Indicator Construction.
Stop Orders.
Using the Information Generated.
Characteristics of the Trend Indicator Chart.
Summary.
Chapter 6. Pattern: Swing Chart Trading.
Reviewing the Trend Indicator Chart Rules.
Basic Trading Instructions.
Two Ways to Determine a Change in Trend.
Other Swing Chart Trading Strategies.
Swing Trading Rules.
Swing Chart Negatives.
Summary.
Chapter 7. Pattern: Other Chart Formations.
The Double Bottom.
The Double Top.
Prolonged Rally or Break Rule.
Balancing Swings.
Signal Tops and Signal Bottoms.
Other Important Formations.
Other Popular Patterns.
Summary.
Chapter 8. Price: Horizontal Support and Resistance.
The Swing Charts.
Percentage Retracement Price Levels.
Other Retracement Levels.
Multiples of Bottoms and Divisions of Tops.
Pivot Price Calculations.
Moving Averages.
Summary.
Chapter 9. Price: Gann Angles.
Importance of Gann Angles.
How to Construct Gann Angle Charts.
Summary.
Chapter 10. Combining Pattern and Price.
Chapter 11. Time.
Natural Cycles.
Anniversary Dates.
Seasonality.
Swing Charts.
Square Charts.
Summary.
Chapter 12. Combining Pattern Price and Time.
The Euro/U.S. Dollar Forex Market.
The Intermediate Trend Indicator.
The Signal Bottom.
The Signal Bottom: The First Leg Up.
Gann Angles.
Percentage Retracement Zones.
Percentage Retracement Zones and Gann Angle Combinations.
Time Indicators.
The Forecast.
Conclusion.
About the Author.
Index.
About the Author :
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.
