William Delbert Gann Trading Rules
William Delbert Gann (1878 – 1955) was a famous trader who introduced new technical analysis tools like the Gann angles, the Hexagon etc. Gann forecasting model is based mainly on geometry and mathematics but also in astronomy. Gann introduced the the stock market angles {Basis of My Forecasting Method -1935). The most important stock market angle according to Gann is 45° angle or 1X1, which represents a single unit of price under a single unit of time. William Delbert Gann is said to gained 50 million USD during the Great Depression. Only in 1933, is said to have gained 4,000% on his capital (422 winner trades in a total of 479 trades).
Picture: Gann's Personal Soybean Chart (May 1948)
Here are Gann pieces of advice for stock-investors.