There are two quite different sides to Gann analysis, the deeply theoretical, seeking to understand the essence of the science behind Gann’s market theory, the Law of Vibration, and the outright practical, looking for working tools and techniques that will help with applied trading. Though our greatest interest is in the cosmological theory behind Gann’s work, and the universe in general, we also specialize on the practical tools that traders need to specifically analyze and trade the markets. Some Gann experts excel at theory, while others are simply practical traders who are less focused on ideas in deference to trading techniques. This category will specifically focus upon the books and courses that provide very specific and applied tools from Gann’s toolbox used for real time trading. Some may explore deeper theoretical principles and some may just focus on pure trading tools, but this category will give working techniques to better fill the arsenal of any trader. We often recommend that new Gann students focus first on developing a practical trading ability, so that they can fund their future research with profits from their trades, and then also apply new insights from their theoretical study to their practical trading as they advance. This section will help to identify those most practical tools.
Dan Ferrera is one of the most respected market analysts and educators in the Gann field. For 20 years his works have been some of the most popular in our catalog. Aside from being one of the clearest interpreters of Gann, he also has produced his own advanced work, The Spirals of Growth & Decay, developed prior to his analysis and presentation of Gann’s theories. For those seeking a solid, Master’s Degree level education in technical Gann analysis, we cannot recommend anything more highly than Ferrera’s works.
Ferrera has written detailed course on every angle of Gann’s work and provides a fast track into a deep understanding of each field of Gann’s work as well as advanced topics in technical analysis. He has works on cycles analysis, Gann’s Square of 9, Gann’s Mass Pressure Charts, one on risk management and Gann’s swing trading system, another on the details of Gann’s complex geometrical and mathematical tools, one on astrological Bible interpretation, on teaching how to create yearly forecasts like his own yearly Outlooks, which give a prediction for each year, and more. If you are wanting to get a first taste of Gann and to save yourself years of hard work putting together his ideas, Ferrera is a perfect place to start, and walking through his series of fantastic is like getting a Master’s degree in Gann and technical analysis.
W.D. Gann Works
W. D. Gann’s private courses represent the most important of all of Gann’s writings, and go into much greater detail than his public book series, with which most people are only acquainted. They should be carefully studied in their full detail, as they contain the deepest insights into Gann’s theories ever presented. Stock traders must be sure to study all the commodity courses and vice versa, since Gann often put techniques that applied to all markets in only one or another course.
We stock the complete collection of the works of W.D. Gann, both his courses and books. Our set of Gann’s courses were initially collected and compiled by Dr. Baumring and Donald Mack in the 1980’s from dozens of original rare private course that were distributed by Gann throughout his career. Many people mistakenly think that Gann just wrote two courses called the Master Stock Course and Master Commodity Course. This couldn’t be further from the truth! Each of Gann’s “courses” were actually small, “sections” of a few pages to a few dozen pages, individually bound in paper folders. These various pieces were then compiled into different sets which he sold as various collections at different prices to different students over the decades. Some were more commonly sold to all students, while other were more secretive and sold only to close private students who often signed non-disclosure agreements, and paid exorbitantly high prices. It is these rarest pieces that make the difference between one collection and another.
The later courses Gann sold in the 1940’s and that he “called” the Master Courses were nothing but various compiled collections of these smaller pieces, and would vary according to who purchased them and what price they paid, and were never set until after Gann’s death when purchased by Ed Lambert. For instance, there are pieces that Gann advertised in the 1950’s as “new” like his Master Mathematical Formula for Market Predictions, or his rare #3 Master Time Factor Course which were never included in his “Master Courses”, and similarly were never included with any of the Lambert Gann courses sold by Lambert or the Jones’ from the 60’s until now. So these “master” courses are and have always been incomplete collections. Further, the Lambert Gann courses sold by Billy Jones through the turn of the century, were retyped and re-edited by Billy so that they did not provide the original unadulterated content that Gann produced, making them unreliable, edited versions. Our editions are exact facsimiles of the original copies sold by Gann, with no editing or adulteration of any kind.
Our 6 Volume set of Gann’s Collected Writings was further supplemented by new finds of rare pieces, like those mentioned above, rediscovered by the Institute over the past 30 years since Baumring’s death, and comprises the most complete and the only properly organized set of courses that are available. Gann has very particular sets that he sold only to his higher end clientele, placed in specific order to provide a particular logic to his work. Our collection maintains this order and includes a further collection of rare and historical courses, letters and private materials which make our collection the most complete and important collection available. Serious students of Gann should beware most “supposed” collections of Gann’s writings as most are unauthorized, incomplete, and distorted representations of his work, and cannot be trusted. Our set it the most reliable set of Gann’s unadulterated and most important work available…
While W.D. Gann’s own original work is a critical element for any Gann researcher’s collection, most people will find Gann’s work to be extremely vague, complicated and difficult to penetrate on their own. In our experience, it can take many years, if not decades for the ordinary analyst to, by themselves, digest and apply the deeper techniques of Gann’s, without significant help by well-seasoned analysts and traders who have dedicated years to decoding and creating practical tools from Gann’s techniques. This is why there is a fundamental and valuable secondary market of works presenting and developing Gann’s ideas, and making them accessible to any trader. We believe that the best teachers in this field are not competitors, but are fellow contributors to an ongoing field of research, and that their work is mutually supportive and will provide expanded insights when more material is understood.
We maintain the largest collection of secondary works on Gann Theory of anyone in the field. Many of these books we publish ourselves, and are written by top Gann experts and experienced Gann traders from across the world. However, we also review works written by other Gann experts across the field, and add to our catalog any material we consider to be of high quality and importance from the global community of Gann analysts. With our experience in the field, we are well qualified and to provide a peer review of these materials, so as to filter out the best quality work from that of a lower caliber, and then present these to our clientele who demand the highest standards. So any book or course that you find in this catalog can generally be considered to be of the upper echelon of works on Gann analysis. We have new authors submit their research to us ongoingly, so that we are always adding new items to our catalog with fresh insights, alternative techniques or new ideas. In this way we are able to save our clients significant wasted funds in exploring the territory at their own cost.
Frequently Asked Questions From “Trading with Selene’s Chariot”
A Financial Astronomy Course
By Sean Erikson
Trading with Selene's Chariot by Sean Erikson ( $7,500.00 )
We have found that many of the most common questions regarding this course are asked frequently by different people. Below we have compiled a list of answers to those questions to help clarify the intent and approach to the course.
We will continue to add to this section as more questions arise. If there is a specific question you have which you do not see answered here, please contact us and we will ask Sean to answer it.
Book Related Questions
As a trader I'm looking for practical and usable tools I can trade with, not airy fairy stuff that is so complicated it renders itself useless as far as trading goes.
[ICE] Yes, these are not airy fairy, they are the best trend/swing following tools we have seen. What Erikson is showing in his sample trades is what these tools do on every swing. Those are the real tools he’s showing there too. These are the most powerful, beautiful and effective lines I have ever seen. The way the tools project the slope of each trend is a simply amazing, a truly brilliant insight! You will be amazed to see how this tool projects the slope of the next trend BEFORE it happened and defines the channel that the market moves through almost every time! It's a beautiful thing! We believe Erikson has found and explained the influence that is behind and controlling all market trends! It’s pure genius, and the advantage it provides in trading gives a significant edge over those who are not privy to this knowledge.
It sounds like the book can be digested pretty much over a long weekend, the math and its implementation being straightforward enough. So, I just wanted to verify that that is indeed the case?
[ICE] Yes, this is true! Trading with Selene’s Chariot a smooth, clean read that is not overly technical, is well-illustrated with charts at every step, and is a thoroughly enjoyable text. One of our customers who has struggled with the technical difficulty of some past texts commented about Selene’s Chariot, “I'm loving his writing style! He's the most laid back writer you've had yet…” The author has a good sense of humor and lots of trading experience which combine into an engaging discussion and analysis of the tools and their application to the markets.
Does the author discuss risk management when trading with these methods?
[Sean Erikson] I do discuss risk, and it is always defined with these methods. There's a whole chapter on how to approach risk/reward from a different perspective than what most traders are probably used to.
I would like to get some sort of understanding of how these tools work with respect to winning percentage. I don’t need audited or exact numbers, but just a general sense of how it performs. I was hoping to find out if the winning percentage with this method is closer to Gann’s historical 80 + percentage, or closer to the 40-60% rate more common with mechanical, technically based systems. It’s possible to be profitable either way but the higher the win rate the (typically) more limited the drawdown. To equalize the drawdown with the lower win% methods, you need to reduce the bet size (and subsequently the return). Also, with a higher win% you can know if it’s off the rails sooner. That’s why Gann said if you have three losses in a row, you’re doing something wrong - it’s just the binomial distribution. I would be satisfied if he has a ballpark number from his own trading. He seems like a no BS guy and I’m old enough to understand my mileage may vary.
[Sean Erikson] Ok, on the accuracy question… I don’t mean this personally, but I can always tell how good a trader is by how this question is asked. Beginner traders tend to believe that accuracy stands alone and is the be-all and end-all statistic that defines any trading method. Professional traders tend to place less emphasis on accuracy, and much more emphasis on risk management. In fact, the point at which that happens is often highly correlated with the point at which a trader passes into overall profitability. Institutional traders don't give two shits about accuracy and focus much more on the shape of the equity curve and various risk metrics associated with it.
Here's a simple example. Let's say we're coming up to a resistance level, and we short it. What do we do with our stop? We can either have a very tight stop, or we can have a very loose one. The tight stop is going to get hit more often and reduce our accuracy. On the other hand, our average losses will be smaller. The large stop will get hit less frequently, so we will take more winners, but when it does get hit, it will hurt. The larger the stop is, the more it will hurt, but the less often it will happen. All of this is common sense, right? There's no magic to it.
So, regarding accuracy, it's related to how much risk you're willing to accept and the win/loss ratio you are seeking. In my early days, before I knew what I was doing, I focused completely on high accuracy. To make this happen, I took quick profits, and had huge stops. When I traded Bond futures, my accuracy was over 90%. I didn't take a single loss for a period of around 14 months. But then, I did take a loss, and that one loss erased the profits of the last ten trades. Then, on the very next trade, I took a second loss, which is when I stopped trading Bonds. That's the price you pay for accuracy. There's no way around this, it works like math. It also means you can tune the accuracy numbers with different risk management strategies, which isn't something most people tend to realize.
Coming back to your comment about drawdowns, you've got it backwards. The worst drawdowns will happen with the high accuracy methods, not the low ones. You think Gann was immune to this, with his high accuracy? Nobody talks about his losses for some reason, or the times he blew out his account. Gann educators tend to gloss over those points, but they are there. How many times did Jesse Livermore blow up? Or modern greats? LTCM (Long Term Capital Management) is the perfect example. Those guys solved the markets, up until the point when they hadn't, and then they went completely under. It's like doubling your bet in a casino with a martingale approach or scale trading. You will have 100% accuracy for as long as it takes until you lose everything.
Anyway, if you are trying to target the "ideal" trading system, I would recommend revising the holy grail to be this: 50% accuracy, with at least a 2:1 risk/loss ratio. Surprise! Not as sexy as what the Gann educators like to push, is it? But you'll make more money than any of them if you adopt that approach. Drawdowns will happen, but they'll be easy to climb out of, and your chance of having a heart attack after a loss will decrease dramatically.
Now that I've said all that, I'll answer your accuracy question! As I said, in the past, when I was young and stupid, I got 90% accuracy. Nowadays I get in the neighborhood of 50-60% if I'm day-trading, and probably 60-70% otherwise. Hope that helps…
Software & App Related Questions
In the past I have been a user of Wave59, however as I have a unix programming background a few years ago I wrote my own charting application which runs on MacOS. So, is it a requirement to have the Wave59 software in order to use Sean’s channels, or is the full math provided for in the book in which case I can just drop it into my own charting application and be on my way?
[Sean Erikson] The tools and calculations are fully disclosed in the book. The issue with other software programs is three-fold. First, you have to be able to access astro data from within the programming language. That's sometimes harder than it sounds. Second, you need to be able to scale your chart where X units of times corresponds to Y units of price, square scaling, in other words. For whatever reason, most modern charting platforms are not built that way.
Finally (and most difficult), the helper tools require overlay-style geometry, in other words, a special geometric shape that can be dragged around, rotated on its axis and resized. Wave59 is the only program that I’m aware of that can perform that function. Having said that, if you get the first two solved somewhere else, you can probably get by if you are willing to hold up clear plastic sheets to your monitor and have a number of different sizes of those at hand. Not the easiest way to go about it, but that's what I used to do 20 years ago when I was on TradeStation, and it works.
My immediate concern is the tools and having now to switch to Wave59. Most of the US trading platforms don't cover international markets very well. I find eSignal the best when it comes to exploring multiple markets, something they seem to have mastered well. Does Wave59 have a range of data options that a user can connect if they already have that feed set up?
[ICE] We are currently looking into whether there are any other software platforms that are equally capable of handling these tools, but it will take some time to find someone who can convert or program them on those other platforms, if they exist. There are other options like Microsoft Excel which can do most anything if you know how to use them, but most other trading platforms just do not have the capability, no ephemeris, no ability to manipulate and move geometrical shapes, etc.
But W59 is able to import most any mainstream data source that most people use, and they have their own professional level data feed. External feeds that are currently available in Wave59 include: eSignal, CQG, IQFeed, Kraken, Interactive Brokers, Metastock Xenith, Oanda, Google and Yahoo. One can also load historical data files of most standard formats to use in the software.
Wave59 offers their Pro2 software (with connection to an external data feed) for a monthly subscription price of USD $99. You mention on your website that SSI customers will get some extra deals with Wave59 when they buy the course. What are these deals exactly?
[ICE] We have arranged with Wave59 to provide a 25% discount on the full purchase of the Wave59 software package for all Selene’s Chariot owners. This is the best, if not the only discount that has ever been offered on the Wave59 package, so we extend our hearty thanks to them for their generous offer! Aside from that, Sean agreed to provide the tools for free to everyone who has or gets Wave59, so there are no extra charges for this very sophisticated toolkit. The electronic scripts that Sean provides with the course open up with a double-click in the Wave59 tool list and are ready to use right away.
Can the tools and analysis taught in this course be done by hand on hand charts?
[ICE] It is not too difficult to do by hand if you do hand charts. Actually, the application of the main tool is very simple and the geometry to create the channel and the projection levels are also quite simple, and if you are trading on the daily level, should be no problem. You can apply the tools by hand, on hand carts even, they are not difficult, and the full math is explained. I have one client who has his own software he wrote, so for him, with the details explained he can convert the script for his system, which has the capacity to do it, but it has to have astro, geometry, and other tricky features. the tools are just simple and clean and not hard to do by hand even…
If you’re getting down to lower intra-day levels, obviously it becomes a lot of work to chart. Also, if you had chart, if you have not originally squared your charts, you may have to do some rescaling to set it correctly.
Ultimately, having the software will do it is the easiest once you know you want to use it. W59 has a $99/mo option if you have your own data feed (it probably takes CQG data input) so for critical tools, it’s probably worth investing in. I want to explore some other programming options to see if we can have it available elsewhere, but it may take some programing which would produce extra costs on those platforms.
Questions About the Tools
Thanks for sharing the examples. One quick clarification I wanted to get - when these channels are drawn, are there only 2 specific "hard-coded" lines for every channel? Or, are there multiple "harmonics" of channels, kinda like the "sliding parallel" of Alan Andrews?
[ICE] No, the lines are set and locked! There are the 2 options for placement, the more difficult one that you can do from the turn, vs. waiting and using a swing to lock onto. But once they are set, that’s it!
The only cases where they change is with large changes in volatility, when you had a HUGE channel that then transitions into a tight channel or vice versa. That is a special case where the lines for the channel may turn out to be way too big or way too small. Erikson explains how to readjust it when this happens, but it’s not super common, maybe 1 out of 10. See the next question for more.
Bu yes, what can be annoying about Andrews lines and other such is there are always more lines, they are just like endless theoretical resistance levels. That is what makes these tools so sweet and powerful. There are very few lines that it generates, really just the one key slope line. Then the channel lines are mirrors of it, and when broken (closed over) your trend changes…
There are also 2 primary price projection lines a standard and extended and they handle most price projections with just those 2 price lines.
I would imagine the channels would have to be resized to take into account the increased volatility, but then are you left guessing as to *how* much wider the channels should be, or is there a mathematical solution to the problem which reduces the amount of guesswork involved?
[ICE] No, it’s not guesswork, there is a mathematical solution to it which is very simple. Since we still know the slope, we just have to adjust the range of the channel, but there are super clear points you can just zoom out to get a sort of higher harmonic of that the narrower channel. It's not too complex, and if you missed it, you get stopped on one side and have a HUGE fantastic move on the other, so for the frequency of such things, it's not an issue and there's an easy answer…
The slope line or channel line is not always a constant sloping line. The slope accelerates in an accelerating market or loosens in a market where momentum or intensity slackens. So, it's not one straight line from one end to another, but one has to adjust the angle up or down though in the same direction. If Sean seeks to derive price and time points in the chart and subsequently connects them with a channel, then it's not a challenge as the line is only derived later from 'bounce points' (apologies for using my own terminology). However, if he seeks to first come up with channel and then derives 'bounce points', then we are in for a challenge since we are making a over-simplified assumption that the channel is always within two parallel and straight running lines without accommodating change in slope and momentum of the forces determining the price channel.
[ICE] Actually, all moves do have a consistent slope angle. A much longer move is made up of multiple smaller pieces, up and down, so it will be composed of multiple slope lines which makes up the larger curve that you see. All curves in nature are actual comprised of geometrical units made of straight lines that approximate the curve. The market is the same way… The channel lines are derived BEFORE any bounces, and then the market bounces off of them, even though, for other traders, there is no line in that empty space. Also, a very long channel on a higher level will still usually have a consistent slope or vector that it follows, but the market will move around that slope, wrapping its way around it as it moves between the upper and lower range of the channel.
One nagging uncertainty in all this is the what scaling factor to use for the charts. Different scales yield drastically different results. I was trying to replicate the additional examples that Sean posted (Gold, USO and Bitcoin).
[Sean Erikson] Scaling is obviously very important. There's a sort of "core" scale, that then is multiplied by particular variables to account for volatility. Usually the market will stick with a consistent scale forever, but sometimes you get shifts, which happens in Crude all the time. It's more of an art than a science, but I've done so many of these that I can zero in on good scales in about 30 seconds if it's a market I'm not familiar with. There's a scaling video at Wave59 in the members area where they go over some ways to zero on in good scales, which I recommend watching.
In retrospect, I may have overlooked how confusing scaling might be to people new to the idea of square scaling. If it turns out to be a big hurdle, I'll write up some instructions and post them in the forum. Scaling factors always throw people for a loop. It's a pretty big stumbling block for most Gann analysts too, at least in the beginning when they don’t know that they must square their charts to get the tools to work.
There are many newbies to Gann and geometrical work who have never learned this and as a result all their geometrical work is flawed. I've been doing it for so long that I don't even think about it anymore, so it does get easier. I'll write some tutorials up once the questions start coming in on the forum. It's actually pretty simple to do, and there aren't nearly as many infinite possible solutions as it appears at first. ;-)
But once you find the scale, you'll stick with it. But what happens is that the markets move into high gear during volatile times, and you'll find that your chart doesn't fit very well onscreen anymore unless you really compress it down. You'll see this kind of thing happen in Crude a lot, and also intra-day on the ES, etc. Think of scales as electrons in different energetic orbits around the nucleus of an atom. There are many different orbits that all work, and they're all related. Once you have the core scale for a market, you also have solved for all the orbits that the market will work though, so it's just a matter of figuring out which one you're in. Probably too theoretical… LOL…
I am also intrigued that Dr. Lorrie V. Bennett was to cover the whole range of astrological and planetary influence in her upcoming Planets course, while Sean Erikson says it's mostly about only one planet really. I don't have access yet to either of those and I wouldn't know whether the two concur or have divergent views here!!
[ICE] These are two completely different approaches and orientations. Lorrie IS doing what we would consider to be normal, though advanced ASTROLOGY. Sean is NOT! What he is using is pure astronomy converted into market geometry! They are two completely different approaches and subjects. Lorrie does not know this insight of Erikson’s, though if she did, it would not so much be a part of her Planets course as of Geometry, the final volume. She is actually using horoscopes, birthdates, houses, relational influences and all that goes with the most subtle and complex level of astrology…
So, they are looking at 2 totally different kinds of things “astrologically”, and they don’t conflict, similarly to Muriel Hasbrouck’s work which is also not really doing astrology either. The Hasbrouck’s work sort of falls between Erikson and Bennett, as she is converting the planetary positions into Solar effects related to their Field Forces and propagated through the sun generally. Pure astro doesn’t convert through the sun like that or develop a scientific thesis which explains the propagation of forces and such.
Can you please ask Sean about that Oil example? How exactly did he create that one?
[Sean Erikson] For the Crude example… yes, there are two levels to this book. There's what's in the pages and there's some other stuff that I put in there for kicks to urge people try to solve for more. Most of that was done on purpose, like the final two chapters, but my subconscious did some things all on its own as well, and that chart and a handful of others is an example of that. I hadn't initially meant to include that but left it and the others once I saw what happened because it's part of another experimental technique that wasn’t explicitly discussed.
So, consider it bonus material that you'll only receive if you go through and try to replicate every example (like you're doing - good job, btw). This mostly has to do with an alternative way to solve for time. That's actually a bigger deal than it sounds and a much bigger discussion than just using another time frame than the one I recommended…
Dr. Goulden takes a different approach to market analysis than most normal traders and educators. As a Cambridge educated scholar, Goulden is interested in deep principles and in exploring the foundations and implications of both trading techniques and the systems behind them. Before he was ever interested in the markets, he was asked by a friend why Gann’s tools and system are considered to be based upon metaphysical principles. He found this question intriguing and engaged in deep research in the field to answer this question. In this process he recreated a new set of tools based upon principles of Ancient Geometry and Celestial Mechanics. His tools are taken from the same sources as Gann’s and are quite powerful, but are slightly different from Gann’s, so that traders often use them as non-correlated cross-confirmation tools giving similar technical indications but from different perspectives.
His work is deep and has many layers of application and exploration that can be derived from it. His latest work on financial astrology, The Secrets of the Chronocrators, looks back to the astrological and astronomical systems of the ancients, reviving the more mathematical and technical astrology of the Great Masters of the medieval and prior times. Exploring principles like Spherical Astronomy and subtle movements of the Solar System, it seeks to develop a more advanced and scientific system of astrology determination as distinguished from the simpler forms that are generally known. It represents a new movement to re-explore the deeper scientific systems of the ancients that were lost in the press towards the development of a purely mechanical science.
Goulden is a superb educator and the most active Forum moderator that we have seen, with each of his Forums for his courses having 1000’s of posts with detailed questions and answers, deviling deeply into further and new fields of research beyond what is presented in his courses. His Online Forums serve as an advanced classroom where the details of his theories are discussed and elaborated and where students share their research and work with each other while overseen by Goulden, who continually presents new ideas and suggestions.
Hasbrouck Space and Time
One of our great historical discoveries is the Hasbrouck Space-Time Archives, a collection of rare research materials and forecast letters lost for over 30 years. This research develops a new theory of market influence based upon Solar Field Force Theory that was developed during the birth of the space age. The Hasbroucks were deeply connected to the esoteric and financial market communities from the 1920’s through the 1970’s, and contributed a new and recontextualized presentation of information taken from older original esoteric sources. They present a new field of study of solar phenomena, space weather prediction, earthquake prediction and market forecasting.
Muriel Hasbrouck was the inspiring force behind the research, which a foundation in Theosophy and trained as a classical pianist, she pursued an interest in original source works in astrology, through the turn of the 19th century into the early 20’s. She studies with greats like Walter Russell, Paul Foster Case, Aleister Crowley, and Israel Regardie within the esoteric fields. In the market realms she was close with many of the great analysts of her day like Edson Gould, Edward Dewey, Hamilton Bolton, SA Nelson, and more. She and her husband Louis produced a well-received forecasting letter for 30 years called Space Time Forecasting of Economic Trends, and are now quite famous for forecasting the exponential bull market of the 90’s and subsequent crash 50 years in advance! Their theories of Solar influence upon human and earthly experience through geomagnetic influences still lie at the cutting edge of scientific speculation.
Dr. Jerome Baumring
The work of Dr. Baumring is the core inspiration upon which this entire website is based. Baumring is the only known modern person to have cracked the code behind WD Gann’s system of trading and market order. However, even further, Baumring rediscovered and elaborated the system of scientific cosmology at the root of Gann’s Law of Vibration. There is absolutely no other Gann teaching that goes anywhere near as deep as Baumring’s work, or that even so much as attempts to approach the core ideas developed by Baumring. This study is for those who are interested in the mysteries behind the markets and the ordering system behind the universe itself. This is the study of cosmological theory on its deepest level, and of the interaction between man and the cosmos in which he lives, explored through an examination of causation and propagation of forces in the financial markets.
Dr. Baumring’s course program is not easy, and should not be approached without the willingness to commit at least a few years to the study. It is a long and detailed course, requiring the equivalent level of research and difficulty as most PhD programs, but in the field of Gann Analysis, which is not taught at any university. It requires many years of challenging work including the reading of many dozens (if not 100’s) of books required to develop the foundations needed to understand Gann’s approach to the markets. It is a very serious study that should only be approached by those willing to dedicate themselves to intense thinking and vast research across many fields of knowledge including: astronomy, biology, physics, finance, cycles, wave mechanics, geometry, mathematics, astrology, numerology, number theory, numerous esoteric and alternative scientific theories, and much, much more. Baumring summarized his system by the term “Numerical Astrophysics” in an attempt to give a modern name to an ancient theory that Gann himself had discovered.
Of all the analysts and traders we have known, the most advanced have all come to their understanding through following the lead of Dr. Baumring, or through having gone through a similar and parallel study and path of research to his. His teachings represent the “best of the best” of all material on Gann publicly available, but it will not give up its secrets to a mere superficial perusal. Baumring does not spell out simple explanations of how Gann’s techniques work, but rather leads his students into the depth of the science behind the system, while slowly elaborating how the techniques build upon this deeper science. For those seeking a fast path to the application of Gann exoteric trading principles, this is NOT it! Baumring’s work is not merely some market trading program, and indeed if approached this way may be found to be dissatisfactory.
Baumring himself often said to his students, “If you only are looking to make money, don’t bother studying Gann, it’s too difficult. Simply study swing trading systems, risk management and options strategies, and you can make all the money you want to make.” (Note: we have excellent books on these alternatives…) There are much easier and more direct methods to learn to effectively trade the markets than studying Gann. Those in more of a hurry to apply Gann’s work to trading may want to begin with the work of Ferrera or one of our most applied analysts, like Prandelli or Gordon Roberts, and save the Baumring work for a later time to explore at your leisure.