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From the Introduction
When my father passed away in 1961 I recall that I was charting extensively and trading some.
I went through all of the stages from Point and Figure to Moving Averages, collected all the books on everyone's mailing list, it seemed, and then settled upon following the studies of a man who has shown us to be one of the most successful commodity traders of all time, Mr. W.D. Gann. This decision was supported by a fortunate event wherein I received the opportunity to retrace his path into Egypt and along the Nile.
History shows us that Mr. Gann made three trips abroad, which were of significance to his studies: to England, to India and to Egypt.
He had one of the best history and data sources of the day, and much of this was acquired in English libraries and museums. We have studied much of this already.
Second, he was known to be very astute in mathematical circles. Much of this credit has been attributed to his trips to India and places where, we are told, he studied a very unique and effective math system. This system has been compared to our earliest studies of what we now call "modern math." At any rate, he learned to use floating decimal procedures, and he was very proficient in the use of numbers.
The third important trip abroad seemed to culminate, and indeed concentrate, in Egypt. Not as much seems to be known of these Egyptian studies. Our quest became to learn the objective of this particular phase of his studies. We believe that we have accomplished this.
Certainly he rated along with the greats: Livermore, Brenner, Bayer, Barouch and others.
He was expecially known for his commodity trading which was considered tougher than stocks because of the leverage.
From the early '60's when I began to study somewhat in earnest, and following at least to the mid-seventies, I attended many seminars, but I especially attempted to attend all seminars available on Gann.
Alas, however; I never found the secret as shown by his verified results.
It was only after attending most of the Gann seminars, administered by people, all of whom were claiming to have his secret, that I came to the conclusion that there was a question as to whether the teachers were actually duplicating his record. Indeed, they were usually not even in fair range of his results.
It was then that I began dissecting his seminars and assimilating certain segments of different seminars. I came to some conclusions, not the least of which was, in my opinion: THAT HE WASN'T ALWAYS TEACHING THAT WHICH HE WAS ACTUALLY TRADING.
I can stand corrected, but the next ten years proved to me the validity of my convictions. Mr. Gann indicated that he would not reveal the true secret of the math involved. However, he also indicated that if one were to spend the time which he had (25 years) and covered the material at least three times, that it could be revealed to a serious study.
I have qualified for the years, plus some, and have subjected my family to at least ten of those years, sometimes to their exhaustion, I'm sure.
I submit to you that the Pyrapoint System is the principle which he used. We can prove it, I feel. But if you will accept our point, we intend to spend our time with "hands-on" proof so that we can learn the true and full potential of the system. This is why we go to a seminar and why we study this material.
Incidentally, we should have no copyright infringements because, to our knowledge and research, Mr. Gann never taught this in any of his seminars. I had the privilege to personally know, for some seven years, Gann's assistant, Mr. Renato Alghini. "Reno" was with Gann for six years, actually sharing close trading desks. Reno confirmed the extremely private personality of his friend, shown in most of Gann's writings and seminars.
Reno passed away a few years ago. However, during the author's years of acquaintance with him, he shared a few facts that mde the direction of our efforts truly appear validated. One small paper in hand when in the "pit" for his most successfully recorded trades. This paper Reno related, was a miniature Pythagorean Cube. One more reason to believe that we had to unravel this mystic marvel - and that we were on the righ track for trading understanding.
It is significant to note that a favorite statement of Gann serves us well when we state that we believe that every top and every bottom in the markets have calculable counterparts - a formula for projections and targets for both Price and Time. His quoted included that of the noted mathematician Faraday, Mr. Gann said, "If we wish to avert failure in speculation, we must deal with causes. Everything in existence is based on exact proportion and perfect relationship. There is no chance in nature, because mathematical principles of the highest order lie at the foundation of all things. Faraday said there is nothing in the Universe but mathematical points of force."
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