William D. Gann (1878-1955) was a legendary trader who designed several unique techniques for analyzing price charts. He developed a unique combination of precise mathematical and geometric principles which are not easy to grasp. The trading community is relentless in its pursuit to find out how and why the market turns. Bull and bear markets surge relentlessly along their path until one day they reverse course and set sail in an entirely new direction, never looking back.
W. D. Gann saw price and time as different dimensions of the same property. His trick was to “normalize” the chart data so that time and price were proportional to each other and moved in unison. He did this with plastic overlays to his charts that he later discarded for secrecy.
W. D. Gann actually had several methods of forecasting and confirming market turns. His mastery came by determining which type to use on a particular market.
Gann famously told traders to draw charts with a “one to one” relationship of price and time, or one unit of price to one unit of time. But what consituted “one” unit of price differed from one market to another. Gann knew the trick of normalizing the data for each market. And the proportion of time to price for each market is both consistent and unique.
‘As price meets time, a change is imminent.’
Below are Few Videos where we have discussed How Time And Price Balance In Financial Markets