Truth of the Stock Tape

Its all about psychology of trader. Chart are so small tnat one can’t see it. Dicussed about accumulation and distribution, nothing else.

It’s a Must have book for Traders.

Good quality.

Nicely written 👌

Every trader must read this book happy trading!

like the book.

If you want to seriously deal with Gann analysis, you can’t miss this book. It’s Gann’s first book. It describes the price movements not only phenomenologically, so according to the motto, if the course does something specific, e.g. break a resistance line, it is likely to rise (fall). Gann goes beyond that and places the price movements in connection with manipulations by insiders who want to release their papers at excessive prices. Sometimes courses are pressed artificially to provide insiders with affordable entry opportunities. The papers move back and forth between 2 groups of market participants, the informed insiders and the uninformed public. Now insider trading is prohibited today, but the notion that large price movements have their reason to change ownership between different types of investors is still very helpful. For the first time, it offers a model that goes beyond the mere description. What else is in the book is also very interesting. Especially since it comes from someone who has been very successful himself. The reading, however, is quite exhausting due to the Gann’s method of recallecting a course course. This is a real textbook, but from an area in which the inventor of a theory explains it in book form. This is rather unusual in other “sciences”. No physics student reads, for example, the original works of Einstein or Heisenberg. As a speculator, you are in a far less favourable situation. Most of the secondary literature comes from people who have no idea and earn money with it. So you get around with the didactically often moderate original literature. So bite through, it’s worth it.

William Delbert Gann. A legend name for a mythical trader whose techniques and philosophy remain poorly known.
By buying this book, I expected to get into the heart of the techniques of one of the greatest traders in history, if not the largest.

Unfortunately, Gann’s techniques were mainly taught by private lessons, which were (to my knowledge) gathered in the Collected Writtings of Gann, a series of writings gathered by the Institute of Cosmological Economics. Some of his advanced techniques may have been stated in some of his public books published after it, but not in that one.

This book is the account of 20 years of market experience. Here you will not find the Gann that we know: enigmatic, elusive, whose creativity is matched only its brilliance. Here you will find the figure of the experienced trader, having bottle, having made all the mistakes to make and enumerating them to the reader. This book shows us with so much other evidence that Gann was indeed a real professional trader and not a Sunday trader or a dream sellers as some claim.

This book tells all the fundamentals of trading, from technical analysis to emotional, I say the fundamentals, not the basics.
It is in a way the book of the perfect beginner in which he will find all the notions he will have to use to start his adventure well.
I compare it a bit in this sense to “How to trade in stock” written by Jesse Livermore, for me the book by which any speculator should start.
Where Jesse Livermore is much more philosophy oriented, Gann is much more focused on market experience. There may be some pretty concrete tips in this book like how to act during a powerful bullish movement, what are the signs of dangers, but no techniques are dealt with in detail. It is really, in my opinion, an initiatory book, useful when you start, but not really when you read about 20 and have a year and a half of experience and research in trading.

When in the book itself the interior presentation is sober and elegant, but we can regret that the graphics (already very summary) only detail the price ranges, they are not bar graphics (let alone candlesticks, we suspect).

Buy if you are a beginner or want to deepen the character, if you are looking for advanced techniques, turn instead to his private lessons.