Born in 1878, WD Gann was a successful trader. He is often named as “the most mysterious trader ever lived among of all famous traders”. He used to predict events in the financial market. Gann’s trading strategies are still widely used today. Gann
was a finance trader who developed a technical trading tool known as Gann
angles (Circle of 360, Square of 9, Hexagon and many more). One of the
impressive facts is that he used to do trading with his rules. The rules range
from basic money management principles to the all-important mental game.

Why still useful?

Most of these strategies were very powerful (he created these rules over 100 years ago), that they are widely used by traders even today. His theory on intraday trading is one of the most successful methods for day traders. It is why you need to learn
these strategies by joining the best WD Gann
trading course. Have a look at here "I3T3 Mega Webinar" for more
information. Disciples of Gann claim he was one of the most successful stock
and commodity traders who ever lived. His works were mostly based on astronomy,
geometry, ancient mathematic and astrology.

Important Rules of WD Gann

Gann notified a few primary trading rules, amid most technical tools and indicators. They are –

• If the high price of the entire week happens on Friday, expect to get prices next week,

• If the low price of the entire week happens on Friday, expect much lower price next week,

• In a highly up trending market, weekly low happens on Tuesday,

• If the market is in a strong downtrend, the weekly highs are generally achieved on Wednesday,

• When the price crosses the high of the last four weeks, it indicates higher prices,

• When the price breached the low of the previous four weeks, it means lower prices

• If prices break the 30 DMA and stays below it at least for 2 consecutive days, it indicates a much greater correction,

• If the market rises for 5 consecutive days, there’s a chance that correction will last for 3 days,

• When price crosses the high of the last 3 days it indicates much higher prices on the 4th day,

• If subsequent correction is higher than the previous correction both in terms of price and time, this means that trend is changing,

• 50 percent of the last highest selling price is the strong support area.

• There’s a high chance of a correction for 5 consecutive days if a price is rising for nine consecutive days at a stretch,

• Don’t ignore a double bottom and triple bottom signal on a monthly chart, after a minimum gap of 6 months.

Time cycle strategy