W. D. Gann the legendary Financial Prophet

To most of the technical analysts and financial traders, the name, William Delbert Gann, is well-known. Gann was one of the greatest traders in the early twenty centuries, who has extremely arcane trading analysis techniques and methods that based on ancient mathematics and geometry. Yet, as it was never unveiled explicitly, the theory of Gann is admired by most, but grasped by few.

To understand Gann's theories, it is essential to know his life and living. 

W. D. Gann was born in an Irish family in Lufkin, Texas in the United States on 6 June 1878. His parents are devoted Christians with a strong Methodist background. W. D. Gann was himself a devoted Christian. He claimed that his market cycle theories were discovered from the Holy Bible.

The home country of Gann was a cotton land, the influence to the childhood of the great trader was understandable. With Gann was 24 in 1902, he made his first trade in cotton futures contract and enjoyed the profit from trading. The 53 years of trading hereafter, it was said that he had gained US$50 million from the market. The wealth of that scale compared with the purchasing power at his time was, in deed, very substantial. 

In 1906, Gann moved to Ohakama with ambition to start up his career as broker and trader. His life and trading are with up and down. His advice after decades of trading were that if an investor enters the investment market without a grasp of knowledge, his chance to failure would be 90%. The reasons behind their failures are human emotions: hope, greed and fear are ...

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