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TFC Commodity Trading Forum

WD Gann 7-10 rules

Ok, so our resident 7-10 rules guy convinced me ot go to his website and check it out. I did, and even downloaded the free E-book, which is a PDF scanned copy of WD Gann's shorter books.

So, I read the whole thing, all 36 pages and I have decided that I can sum the entire thing up in a few tried, and true phrases that we all, already know quite well.

1. The trend is your freind.
2. Use Stop Loss orders.
3. Cut your losses short, let your profits run.

No matter what he says, or what examples hes showing, the above 3 "Catch Phrases" are what he's talking about.

The main concept it talks about is that you should buy at the top, and sell at the bottom, so long as the trend is still in place.

so umm...Yeah...that was no help...