V.16:13 (602-603): Quick Scan: A W.D. Gann Treasure Discovered

V.16:13 (602-603): Quick Scan: A W.D. Gann Treasure Discovered
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A W.D. Gann Treasure Discovered, Simple Trading Plans for Stocks & Commodities (Geometric Traders Institute, Inc.)

I first heard Robert Krausz speak when he was the luncheon guest speaker for the Dow Jones Telerate (TAG XVI) conference back in 1994. I remember how emphatic he was as he stressed that successful traders have mechanical trading plans, and that to become a profitable trader, you had to develop fixed trading rules and then do what he referred to as a backtrack over your market of choice. With both hands gripping the podium, as if he were trying to shake some sense into the audience, Krausz spelled out that if you followed his advice, then two very important things should happen. First, you would be able to accurately gauge the methodís performance, and second, if you did this work by hand, you would be mentally prepared for implementing the plan under real-time trading conditions. --Thom Hartle is Editor of STOCKS & COMMODITIES magazine.

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