Pattern, Price & Time: Using Gann Theory in Technical Analysis / Edition 2

Pattern, Price & Time: Using Gann Theory in Technical Analysis / Edition 2

by James A. Hyerczyk, Hyerczyk
     
 

ISBN-10: 0470432020

ISBN-13: 9780470432020

Pub. Date: 04/20/2009

Publisher: Wiley

While W. D. Gann continues to be one of the most controversial figures in technical analysis, many of his theories have been successfully adapted by several generations of traders.

In this fully revised and updated Second Edition of Pattern, Price & Time, expert technician James Hyerczyk presents an accessible overview of Gann Theory, its basic principles, and

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Overview

While W. D. Gann continues to be one of the most controversial figures in technical analysis, many of his theories have been successfully adapted by several generations of traders.

In this fully revised and updated Second Edition of Pattern, Price & Time, expert technician James Hyerczyk presents an accessible overview of Gann Theory, its basic principles, and its proper application to real markets. And while Gann's concepts are a prominent part of the book, Hyerczyk adds some of his own original ideas to the discussion and offers insights into using technical analysis to trade today's Forex, futures, and equities markets.

Written with both the expert and aspiring trader in mind, this reliable resource skillfully examines the key elements of technical analysis—pattern, price, and time—by highlighting the proven trading techniques of Gann, and explores how these three elements can help you anticipate market movements and make more informed trading decisions. Unlike other analysis or trading disciplines, Gann analysis can be used in conjunction with other popular trading tools such as pivot points and candlestick charts. In fact, Pattern, Price & Time, Second Edition is written so that the reader can use Gann techniques to complement most trading strategies. The procedures highlighted will enhance a trader's ability to make sound market decisions because it teaches the importance of balancing analysis with the right amount of pattern, price, and time.

Opening with a brief introduction to Gann, his theory, and the importance of having accurate data and charts, Pattern, Price & Time, Second Edition moves on to address other essential issues associated with this discipline, including:

  1. Building swing charts using the minor trend, the intermediate trend, and the main trend

  2. Using horizontal support and resistance levels to find balance points in the market

  3. Calculating Gann angles for different markets

  4. Understanding the various ways that time can be used to determine tops, bottoms, and changes—from the most difficult method (natural cycles) to the most popular method (the squaring of time)

  5. Combining pattern, price, and time into an effective analysis and trading tool

  6. And much more

After the first edition of Pattern, Price & Time was published, Hyerczyk received criticism that he was holding back on Gann's secrets. This couldn't be further from the truth, and in order to prove this, Hyerczyk points traders, who want to study the metaphysical aspects of Gann analysis, in the right direction. Hyerczyk also reveals what he believes is the source of Gann's Law of Vibration and, in an effort to further enhance your trading performance, includes a link to the TradeStation code for his trend indicator. This will allow you to create swing charts in the same manner as W. D. Gann.

To profitably trade today's markets, you can't rely on pattern, price, or time independently. You must apply a combination of these three elements to improve your analysis and trading—and with the Second Edition of Pattern, Price & Time as your guide, you'll quickly discover exactly how.

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Product Details

ISBN-13:
9780470432020
Publisher:
Wiley
Publication date:
04/20/2009
Series:
Wiley Trading Series, #408
Pages:
288
Product dimensions:
7.20(w) x 10.00(h) x 1.20(d)

Table of Contents

Preface.

Acknowledgments.

Chapter 1. Why Pattern, Price and Time?

Chapter 2. Who Was W. D. Gann?

Chapter 3. Gann Theory in a Nutshell.

The Basis of Gann Theory: The Law of Vibration.

Pattern.

Price.

Time.

Squaring the Price Range with Time.

Advanced Price and Time Techniques.

Gann Theory and Its Application to Trading.

Chapter 4. Chart Basics.

Gann-Format Charts.

Proper Chart Construction.

Charting Programs.

Types of Charts.

Summary.

Chapter 5. Pattern: Trend Indicator Charts.

Minor Trend Indicator.

Intermediate Trend Indicator.

Main Trend Indicator.

Trend Indicator Construction.

Stop Orders.

Using the Information Generated.

Characteristics of the Trend Indicator Chart.

Summary.

Chapter 6. Pattern: Swing Chart Trading.

Reviewing the Trend Indicator Chart Rules.

Basic Trading Instructions.

Two Ways to Determine a Change in Trend.

Other Swing Chart Trading Strategies.

Swing Trading Rules.

Swing Chart Negatives.

Summary.

Chapter 7. Pattern: Other Chart Formations.

The Double Bottom.

The Double Top.

Prolonged Rally or Break Rule.

Balancing Swings.

Signal Tops and Signal Bottoms.

Other Important Formations.

Other Popular Patterns.

Summary.

Chapter 8. Price: Horizontal Support and Resistance.

The Swing Charts.

Percentage Retracement Price Levels.

Other Retracement Levels.

Multiples of Bottoms and Divisions of Tops.

Pivot Price Calculations.

Moving Averages.

Summary.

Chapter 9. Price: Gann Angles.

Importance of Gann Angles.

How to Construct Gann Angle Charts.

Summary.

Chapter 10. Combining Pattern and Price.

Chapter 11. Time.

Natural Cycles.

Anniversary Dates.

Seasonality.

Swing Charts.

Square Charts.

Summary.

Chapter 12. Combining Pattern Price and Time.

The Euro/U.S. Dollar Forex Market.

The Intermediate Trend Indicator.

The Signal Bottom.

The Signal Bottom: The First Leg Up.

Gann Angles.

Percentage Retracement Zones.

Percentage Retracement Zones and Gann Angle Combinations.

Time Indicators.

The Forecast.

Conclusion.

About the Author.

Index.

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