William Delbert Gann (1878-1955) was a legendary trader.
Started trading at the age of 24, who have designed several techniques for
analyzing prize charts, by nature he was very religious man as well as having scientific
approaches in his trading explorations. Gann considered that the perfect
balance between time and price exists when prices rise or fall at a 45 degree
angle relative to the time axis. And I think many of you traders are aware of the
24 rules defined by W.D.Gann. Coincidently you are all perfectly following seven
of the rules in trading contest system offered by Dukascopy bank. Rules like
having a compulsory stop loss for a trade execution, writing reasons for trade
entry and exits, moving stop loss close to breakeven level etc. If you follow remaining
rules properly, probably you will come into one of the top ten places. Similarly
there are so many complicated and incomprehensible explorations have been done by
legendary trader W.D.Gann.
Gann GridChart-1Gann grid is the one of the technical analysis tool designed
by applying W.D. Gann concepts. The tool is available in MT4 trading platform
which you can access from Fair Trading Technology Company who is external