Market Master

My Trading Technique is greatly influence from a variety of Market Masters if I may call it, from Tehnical Analysis books of J.Murphy, to Market Geometry from Bryce Gilmore, James Langham on market cycles, Pyrapoint from Don Hall  and others from Ellioticians, harmonics, to esotheric books like Astrology, Kaballa of Numbers and countless more ; but my greatest influence, if i may say are  the works from W.D Gann..

Market Master-  John Murphy " Father of  Technical Analysis of Markets
John J. Murphy is an American financial market analyst, and is considered the father of inter-market technical analysis^[1] He has authored several books, but is most known for his book, Technical Analysis of the Futures Markets.^{[citation needed]} He later revised and broadened this book into Technical Analysis of the Financial 

John J. Murphy, former technical analyst for CNBC, has over 35 years of market experience, and is author of several best-selling books, including Technical Analysis of the Financial Markets - which is widely regarded as the standard reference in the field. His book Intermarket Technical Analysis created a new branch of technical analysis emphasizing market linkages. Stocks & Commodities Magazine (October 2002) described his intermarket work as "unparalleled". His third book The Visual Investor applies charting principles to sector analysis.

John has appeared on Bloomberg TV, CNN Moneyline, Nightly Business Report, and Wall Street Week with Louis Rukeyser, and he has been quoted in many prominent financial publications, including Barron's. In 1992, John was given the first award for outstanding contribution to global technical analysis by the International Federation of Technical Analysts, and is the recipient of the 2002 Market Technicians Association Annual Award.

He received a bachelor of arts in economics and an master of business administration from Fordham University.

-source Wikipidia


Market Master - R.N   Elliot

Ralph Nelson Elliott (28 July 1871–15 January 1948) was an American accountant and author, whose study of stock market data led him to develop the Wave Principle, a form oftechnical analysis that identifies trends in the financial markets. He proposed that market prices unfold in specific patterns, which practitioners today call Elliott waves.^[1]

Elliott was born in Marysville, Kansas, and later moved to San Antonio, Texas. He entered the accounting field in the mid 1890s and primarily worked in executive positions for railroad companies in Central America and Mexico. In 1903 Elliott married Mary Elizabeth Fitzpatrick (1869–1941), who accompanied him during his extended time working as an expatriate in Mexico. Civil unrest there brought the couple back to the U.S. and eventually to a residence in New York City, where Elliott started a successful consulting business. In 1924 the U.S. Department of State appointed Elliott to the post of Chief Accountant for Nicaragua (which at that time was under the control of the U.S.). Not long afterward, Elliott wrote two books based upon his professional experiences: Tea Room and Cafeteria Management^[2] and The Future of Latin America.^[3]

During his time in Central America Elliott contracted a debilitating intestinal illness, which ultimately forced him into early retirement at age 58. It was about this time that he decided to dedicate himself to the study of the behavior of the U.S. Stock Market.^[3]

[edit]

In the early 1930s Elliott began his systematic study of 75 years of stock market data, including index charts from yearly to half-hourly. In August 1938 he detailed the results of his studies by publishing his third book (written in collaboration with Charles J. Collins), called The Wave Principle. Elliott said that while stock market prices may appear random and unpredictable, they actually follow predictable, natural laws and can be measured and forecast using Fibonacci numbers. Soon after the publication of The Wave Principle, Financial World magazine commissioned Elliott to write 12 articles (under the same title as his book) describing his new method of market forecasting.

In the early 1940s Elliott expanded his theory to apply to all collective human behaviors. His final major work was his most comprehensive: Nature's Law–The Secret of the Universepublished in June 1946, two years before his death.

In the years after Elliott's death, other practitioners continued to use the wave principle and provide forecasts to investors, including Charles Collins, Hamilton Bolton, Richard Russell and A.J. Frost. Frost co-authored Elliott Wave Principle with Robert Prechter in 1978. Prechter came across Elliott's works while working as a market technician at Merrill Lynch. His prominence as a forecaster during the bull market of the 1980s helped bring the greatest exposure to date to Elliott's wave principle.

"W.D. Gann - Market Master"

 by Neil A Costa

William Delbert Gann was born on 6 June 1878 in Lufkin, Texas. His father, Samuel Houston Gann, was a  teacher who traded in cattle and horses. He also owned a billiard hall.

Gann's mother, Susan Rebecca Gann (nee Trevation) spent much of her time raising W.D. Gann and his  younger brothers and sisters. She taught the young William to read using the Bible - a book that was to later  influence his thinking on the nature of markets.

Gann's family was poor. Samuel, Susan and their eight children lived in a small house, and young William had  to walk seven miles to school each day, for three years. Gann never attended high school.

In 1894, William Gann, at the age of 16 years, obtained a minor's release, which allowed him to leave full-time  schooling and seek employment. Gann became a news butcher (someone who sells newspapers, food and so  on) on a train that traveled between Texarkana and Tyler, in Texas. He also worked in cotton warehouses.

In 1901, while working in a broker's office in Texarkana, Gann married his first wife, Rena May Smith.

In 1902, their first daughter was born - Nora. 1902 was also the first year that Gann had his first trade in cotton.

In 1903 Gann moved to New York. He was 25 years of age.

In 1905 his second daughter, Macie Burnie, was born. On 12 September 1905, an article appeared in the  Texarkanian, giving Gann's view on cotton prices.

In 1906 Gann worked as a broker in Oklahoma City.

In 1907 Gann made huge profits after predicting the panic in stocks and the fall in commodities.

In 1908, at the age of 30, Gann divorced Rena May and married his second wife, 19 year-old Sadie Hannify.  His two daughters moved to New York to live with their father.

It was in this year that he discovered his 'Master Time Factor'. He traded two trading accounts. The first he opened with $300, and he made $25,000 in a period of three months. The second account started with $130  and he made $12,000 in the same 30 days.

In 1909 Gann and Sadie had their first child, a daughter they named Velma. By this time Gann's had  established his reputation as an exceptionally talented trader.

Richard Wykoff, editor of the Ticker and Investment Digest and one of the most respected writers on the stock  

Market Masters - stock, stocks, share, shares, stock trading, share trading, tr...nalysis, charts, stock charts, candlestick charts, kagi charts, Gann, W.D. Gann

market of all time, wrote an article on Gann's discoveries and his exceptional trading ability. The article was  titled 'William D. Gann. An Operator Whose Science and Ability Place Him in the Front Rank. His Remarkable Predictions and Trading Record'.

In order to verify Gann's trading record, an independent observer monitored Gann's trading during October:  During the month of October, 1909, in twenty-five market days, Mr. Gann made, in the presence of our  representative, two hundred and eightly-six transactions in various stocks, on both the long and the short side  of the market. Two hundred and sixty-four of these transactions resulted in profits; twenty-two in losses.

The capital with which he operated was doubled ten times, so that at the end of the month he had one  thousand per cent. on his original margin.

… We have seen him give in one day sixteen successive orders in the same stock, eight of which turned out to  be at either the top or the bottom eighth of that particular swing. The above we can positively verify.

Such performances as these, coupled with the foregoing, are probably unparalleled in the history of the Street.

(Ticker and Investment Digest, Volume 5, Number 2, December, 1909, page 54.)

Gann acknowledged having made half a million dollars from his trading over the previous few years.

The representative of Ticker and Investment Digest was able to verify Gann's success as a trader. "I once saw  him take $130, and in less that one month run it up to over $12,000. He can compound money faster than any  man I ever met."

(Ticker and Investment Digest, Volume 5, Number 2, December, 1909, page 54.)

In 1910 Gann wrote his first book, Speculation a Profitable Profession. He also produced newsletters such as  The Busy Man's News and later his famous Supply and Demand Letter.

In early 1914 Gann predicted a world war and a panic in stocks.

In 1915 his son John L. Gann was born.

In March 1918 Gann successfully predicted the end of World War I and the abdication of the Kaiser. His  prediction was acknowledged in many leading newspapers, including the New York Times.

In 1919 he commenced working for himself. He published his Supply and Demand Letter, which included  annual forecasts for stock and commodity markets.

In 1923 Gann wrote Truth of the Stock Tape. This book was widely acclaimed by some as the best book ever  written on the stock market.

In a period of 60 days, Gann made more than $30,000 trading cotton, with a starting capital of less than $1,000.

In 1927 Gann wrote his 'novel' Tunnel Thru the Air. Gann wrote this book as a catalogue of his discoveries. The  discoveries were 'hidden' in the book's story. Over the years many traders have tried to deduce the secrets of  this book, but few have succeeded.

Market Masters - stock, stocks, share, shares, stock trading, share trading, tr...nalysis, charts, stock charts, candlestick charts, kagi charts, Gann, W.D. Gann

In Tunnel Thru the Air Gann predicted World War II, in particular the attack on the United States by Japan. The  following is the text of an advertisement for the book published by the Financial Guardian Publishing Company

soon after the book was released:

Mr. Gann's latest book deals with the future war in the air, tells you about the cycles and rules found in the Bible for forecasting the future of nations and stock and commodity markets. It goes ahead until 1932, giving hints on the coming campaign in stocks, cotton and grain. A fascinating, mysterious love story is interwoven with scientific knowledge, making this book interesting reading as well as instructive to men and women in every

walk of life.

In 1928 Gann successfully forecast the top of the bull market for 3 September, 1929, and forecast that the  greatest panic in history would follow.

In 1930 Gann wrote Wall Street Stock Selector. In this book he described the market conditions from 1931 to  1933. In 1931 Gann became a member of the New York Rubber Exchange and The New Orleans Cotton  Exchange.

In 1932 Gann made a recommendation for his clients to buy stocks at the time of the Great Depression low.

In 1936 Gann wrote New Stock Trend Detector, and bought his purpose-built all-metal airplane 'The Silver  Star'. He was the first individual in the United States to own, privately, a metal airplane.

Over the years he bought a number of airplanes. His pilot for 19 years was Elinor Smith. Gann also bought real  estate and high powered cruising boats.

In 1937 Gann wrote How to Make Profits Trading in Puts and Calls. He divorced his wife Sadie in this year.

In 1940 Gann wrote Face Facts America. In this book he explained why Germany would lose World War II and  why the United States should not enter the war. He also outlined the major problems he saw with the United  States Government's 'New Deal', and their consequences.

In 1941, Gann became a member of the prestigious Chicago Board of Trade. He campaigned strongly against  Rooseveldt and his 'New Deal'. This was at a time when the United States government had its largest budget  ever (at the time), and the Ford Motor Company had to stop production for one year due to a severe lack of  sales.

In 1941 Gann wrote How to Make Profits in Commodities. The original 1941 edition had W.D. Gann and his son  John as the authors.

In 1942 Gann's wife Sadie died at the age of 53 years.

In 1944 he married his third wife Londi, who was 30 years younger than he was. Gann treated her like a queen, much to the disapproval of his children. Gann then moved to the warmer climate of Miami, in Florida, where he  traded, invested in real estate and continued to teach his students. Gann's third wife is still alive today.

Market Masters - stock, stocks, share, shares, stock trading, share trading, tr...nalysis, charts, stock charts, candlestick charts, kagi charts, Gann, W.D. Gann

In 1948 Gann sold his trading company to Joseph Lederer in St. Louis, Missouri.

In 1949 Gann wrote 45 Years in Wall Street. The International Mark Twain Society bestowed on Gann an  honourary membership based on the quality of this book.

In 1950 Gann wrote The Magic Word. This was his contribution to biblical literature.

On 23 May 1951 Gann established the Lambert-Gann Publishing Company, with Ed. Lambert. Lambert was  best known for designing the highway system in Miami. This company published all of Gann's books and  courses.

Gann updated and reprinted How to Make Profits in Commodities, removing his son John's name and picture  from the book. The 1951 updated edition was a huge success. Gann, at the age of 73, was still able to  command a fee of US$500 per day for his consultancy services.

He sold W.D. Gann Research, Inc. to C.C. Loosely in New York.

In 1954, at the age of 76, Gann bought a high-speed cruising boat that he named 'The Coffee Bean', with the  profits of a very successful commodity trade. Gann's Great Master Course sold for US$5,000 in 1954 - the price  of an average house.

Gann suffered a heart attach, and soon after discovered he had stomach cancer.

In 1955 W.D. Gann returned from one of his many trips to Cuba, where he loved to buy tickets in Cuban  lotteries and bet on horse races. He was feeling ill and was very weak.

His son John took his father from Florida to New York, where he was admitted to the Methodist hospital in  Brooklyn.

W.D. Gann died at 3.20pm on 18 June 1955. He was 77 years of age.

Gann's children arranged for Gann to be buried with his second wife Sadie, in the Masonic section of the  Greenwood Cemetery in Brooklyn, on a hill overlooking the Manhattan skyline and his beloved Wall Street.

(John Gann was a pilot in World War II. He became very bitter towards his father, particularly after his father  married for the third time. John Gann died in 1984. Ed Lambert did not actively promote or produce Gann's  books and courses, and as a consequence they became very difficult to procure until Billy and Nikki Jones from  Pomeroy, Washington, purchased the Lambert-Gann Publishing Company and the copyrights to Gann's  materials in 1976. Ed. Lambert died in 1998.)

W.D. Gann's Contribution to Technical Analysis

W.D. Gann was a pioneer in the field of technical analysis. Understanding that hard work was a key ingredient  of success, Gann spent nine months working day and night in the Astor Library in New York and in the British  Museum in London. He studied stock market data going back to 1820 and wheat data going back hundreds of  Market Masters - stock, stocks, share, shares, stock trading, share trading, tr...nalysis, charts, stock charts, candlestick charts, kagi charts, Gann, W.D. Gann

years. He also studied in Egypt and in India.

Some people claim that Gann theory is a wide range of unrelated discoveries. This is not true. Gann believed  that the key variables of technical analysis (price, range and time) could be analysed in the same manner. His  symbol, a circle with a square and a triangle inside it, summarises his analysis technique.  Gann discovered that support and resistance prices could be calculated by taking the price of a market top and  dividing this price by four, and by three - in other words, into quarters and thirds. The square and the triangle in  the circle of the Gann symbol illustrate this concept. Further price resistance points can be calculated by  performing similar calculations on ranges and time frames.

Gann also made significant discoveries involving time cycles, including his famous Master Time Factor. He

studied major cycles such as the 10-, 20-, 30-, 40-, 50-, 60-, 80- and 100-year cycles, and watched for market  action of the past to be repeated in the future. For example, he called the fifth year of each decade the 'year of  ascension'. Every fifth year of the decade has been a bull market year, for both the All Ordinaries Index, and  the Dow Jones Industrial Average, from 1905 until 1995.

Gann discovered that markets regularly make tops and bottoms on seasonal times of the year (solstices and  equinoxes), and on anniversaries of previous tops and bottoms.

He taught his students to watch for tops and bottoms every 30 days or degrees. Again, the Gann symbol is of  assistance, telling us that the 90-, 180-, 270-, 360-day and degree counts (the square) and the 120- and 240- day and degree counts (the triangle) should forecast more significant tops and bottoms.

Gann gave much weight to the cycles of 144 and 360, and again, the one-quarter and one-third divisions of  these cycles.

Gann was the first analyst to study and discover the relationship between time and price. In fact, he often wrote  "when time and price coincide, change is imminent".

He discovered what is today known as the 'squaring of time and price' and his 'squares' of 52, 90 and 144.

Gann is often given the credit for inventing swing charts. He did not invent them, however he did popularize  them and use them as the basis of his mechanical trading system - a very effective system for trading strongly

trending markets.

W.D. Gann made other discoveries - some rather esoteric. These include the Square of Nine and his other  spiral calculators such as the Square of Four, the 360 Degree Circle Chart and the Hexagon Chart. These  calculators can sometimes be used to forecast sequences of tops and bottoms in an impressive manner - but  they are no holy graille!

Conclusion

We will never know if William Delbert Gann really did make the US$50 million that he is reputed to have made  in the first half of this century. What we do know is that he was a true market master whose discoveries and  trading rules are widely used throughout the world today - half a century after his death.

THE LAW OF VIBRATION

(traders context)

1. Stocks  and commodities( and everything else on earth )vibrate.  Moreover, vibration provides a comprehensive  explanation of price movements in financial markets.

               " Vibration is fundamental; nothing is exempt from this law; it is universal, therefore applicable to every class or phenomena on the globe. After years of patient study I have proven to my entire satisfaction, as well as demonstrated to others, that vibration explains every possible phase and condition of the market-Gann

2.Stocks and commodities vibrate in accordance with both ther own individual energy/vibration (ie. internal vibration) and also in accordance with energy/ vibration transmitted through space( i.e external vibration).  From my extensive investigations on our markets and other markets around the world, I found that not only do the various stocks vibrate, but the driving forces controlling this stocks vibrate.

3.  The Over all energy/ vibration of a stock or commodities is reflected in its price.  these vibratory forces can only be known by the movements they generate on the stocks and their values.

4.  Financial markets essentially comprise a series of impulses that produce price movements with specific rate of vibration.  Since Science teaches us that an original impulse of any kind finally resolves itself into a periodic or rhythmical motion or commonly known as Harmonics.

5.  The price movements of a stock or commodity unfolds in a coherent way.  This is because stocks and commodities are essentially centers of energies and these energies and vibrations are bound by mathematical Laws and Geometric ratios.  Stocks like atoms, are energy centers , therefore they are controlled mathematically.... There is no chance in nature because mathematical principles of the highest order lie at the foundation of all things.

6.   When the over-all vibration of a stock or commodity is in balance, its price will maintain a constant rate of vibration. ( ex. prices will form a trend )  Consequently this overall rate of vibration( or trend line) can be precisely measured and future prices forecast by means of the so called Gann fann or Gann Angles ( G-angles)[ 1x1,1x2,1x4,1x5  etc...]

          The power to determine the trend of the market is the knowledge of the characteristics of each individual stock and a certain grouping of  stocks under their proper rates of vibration. 

           For Example, for the Philippine Market: the most heavily traded groups and the most active is the Mining stocks, the reason thereof is that this group of stocks have the fastest  rates of vibration compared to other industry  which in effect since they are the fast moving stocks , they also eventually  breakout more earlier than the Index (PSEi). They also have  angles range of ascension and descent between 87deg to 90deg.- which is also the most volatile.   Alternately it is also true with slow moving stocks  with a slower rate of vibration  stocks which break outs later than the Index, if taken as our barometer.

     Stocks are like Electrons, atoms and molecules, which hold persistently to their own individuality in response to the fundamental law of vibration....I also observed that the Law of Vibration enabled me to  accurately determine the exact points to which stocks or commodities should rise and fall within a given time.  The working of this law determines the cause and predicts the effect long before everybody is aware of it.

7.  These principles can be applied to forecast the trend of a stocks or commodities over multiple time frames. For example, a minor impulse may produce a price movement with a specific rated of vibration that last for a few hours.  Alternatively, a major imoulse may produce a price movement with a specific rate of vibration that last for a number of years.  ex  DOW jones from 1921 - 1929  and the PSEi from 2001 - 2011.

by Gtrader