V.8:4 (142-144): Trading with Gann lines by David Lamarr

V.8:4 (142-144): Trading with Gann lines by David Lamarr
Item# \V08\C04\TRADGAN.PDF
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Trading with Gann lines by David Lamarr

Gann lines, although only a small part of W. D. Gann's methods, provide an effective, straightforward way of determining support and resistance areas and times when to expect a change in trend. They can be thought of as "price/time" trendlines vs. the standard price-only trendlines many technical analysts use.

Gann strongly believed time was the major factor in determining when a change of trend could be expected. These Gann lines project the market's natural rhythm on a price chart and have a distinct advantage over price trendlines by providing assistance in anticipating market moves vs. a price-following system, such as trendlines.

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