Forecasting, are we there yet?
One of the greatest desires in trading is the lure of FORECASTING.
Some sectors of the market say it cant be done , others say you can only do it with Astrology and black chicken feathers.
I’m here to tell you it can be done, and I mean, how cool to get the high and low of the run, it’s certainly good for your EGO.
I always say, I’ll give you those High and Low Ticks for free and you can give me all the unloved ticks in between and I’ll give them a good home !
GANN is revered for having an uncanny knack of getting these thing right, and he did , but he got them wrong also.
He actually left a set of clear instructions for the basis of how he did his forecasts, but most people just gloss over them looking for something much more complex and complicated.
Our workshop attendees and of late subscribers, have been privy to my forecasts and I think they will agree I’ve been pretty accurate using GANNs own words.
So, heres a freebie !! But there are questions or strings attached !
The chart posted here is the current curve we are following. I’m sure you’d agree it’s not bad for a forecast done several years ago.
Yes, they can be done decades in advance but why bother?
This one is banging away often swing for swing bar for bar. I’d say good enough for government work or a little better.
The red curve is based on closing prices so the turns can appear out a day or so and we are currently approximately a week ahead of the curve.
By now you have screen shot the chart, loaded 17—24 October into your mind and probably won’t read any further!
My First question, the strings if you like, is this.
Will October be a retest low for this cycle, an interim turn or is this market going to hell in a basket ? I mean that’s what the media are saying, right ? Remember GANN was a contrarian, as am I. Think about what that may mean in terms of the press commentary and the chart.
My Second and more important question is this. How will you use it ?
Most will gobble up the chart and not even read these words then blindly go out and try and buy or sell the market on the cycle dates only to be lucky sometimes, but more often than not cut to bits, or if they get on the move won’t be able to hold the trade long enough to make any decent money from it.
Then they blame the forecast , blame the publisher who may have spent decades on his craft, as they did GANN.
FACT - It’s not the forecasts’ fault…… It’s GREED, FEAR , FOMO and the lack of a solid TRADING PLAN that’s hurting you.
No matter how accurate a forecast is, they fail, they can scootch around by a day or week or just be plain wrong.
As a forecaster we don’t know what we dont know until we know it, or we may simply miss something. That’s why GANN had tested trading rules which over the decades became intuition to him.
For those that don’t realise, GANN also got his forecasts wrong !
Most people never gather the data and check what he left, it takes lots of time and effort. I have done this work over the decades as part of my proof of concept work on his material. I’ve shown some of these things to our workshop attendees.
There are a couple of public forecasts in his work, late in his career, when you’d think he would be at the pinnacle of his craft. These examples would have gotten him an ‘F’ in class. If you take them for granted, as written, you are missing one of his greatest lessons.
Does this mean he failed? - not at all - in fact it demonstrates his ability to trade through these things and he tells you how to do it!
His books tell you how he did it, but that’s more than a weeks work. That’s where we can help we have done the work..
Enjoy the Free Fish, BUT remember without knowledge some Fish can kill you !
If you don’t have a solid plan or just want to know more about GANN maybe we can help.
Promises of blue sky are great - Profit in the bank is better.
May the GoFR be with you.