TIME AND PRICE BALANCE(时间与价格平衡)

yay

TIME AND PRICE BALANCE

By recording the greatest reaction in Price, when the market is advancing and the

greatest Time Period of reaction occurs, you will be able to tell when the market is

' |0 h3 {0 K& D

over-balanced.

Examples: November Beans, May 25, high 230. June 16, low 208, a Price decline

& q' t5 |' d3 H( d4 B5 b

of 22¢ per bushel, time 22 calendar days and 18 market days. June 21 to 24th, the

& P5 }2 y& t/ d. ?6 B7 V7 r

market declined 3 days and the Price decline was 5-½¢. July 17, high 257½. July

; a) |; T& v. w

19, low 240, a decline of 17½¢ per bushel in 2 days. Price had overbalanced the

previous reaction, but Time had not over balanced.

; x5 z$ S. K# `0 t, q

July 26, extreme high 272. this was a SIGNAL DAY and a GAP DAY which was

+ h' a0 S& q1 K# V# T* W. r

an EXHAUST GAP, and you would have gotten out of the market and been short

) y! |: K- f6 J' }

on these rules. July 29, low 259½, a decline of 12½¢ in 3 days. This had

$ Z/ z. }7 b/ ]6 d. Z: W

exceeded the Time Period of the reaction on June 19 and had over balanced the

Time. The decline continued to August 2, low 256, down 16¢ time 7 days. A 1-

  A, `7 F. G2 g, T# d1 X1 S

day rally followed to August 3, high 261½ , up 5½¢, the same as the decline from

June 21 to 24th. After August 3, the decline continued and when prices were down

; E0 E/ h( F( L

more than 17½¢, they over balanced the Price decline from July 17 to 19th. After

; C. t! J' p0 k7 z) k2 S3 ^' S5 w

this, the decline was faster to August 15, low 236¼, a decline of 35-3/4¢ from 272.

August 15 was a SIGNAL DAY and was also 60 days from June 16, low. This

" ^6 {% B) Y2 v/ i( m) @$ j

was a buying indication where you would cover shorts and buy.

From July 26 to August 15, the greatest rally was 2 days, and when Prices

advanced for 3 days they had over balanced the Time Period, and indicated higher

- ^1 R0 v2 @3 a( g

prices; and when Prices advanced more than 5½ ¢ per bushel they had over

# i2 H1 @) t% _3 }  V6 S

balanced the Price rally.

    From August 15 to 30 there was only one 2-day reaction. On August 30 the high

' \( F& l' K8 G$ b2 A! ~

on November Beans was 254¼ , which was ½ point between 272 and 236¼. This

½ point was the selling level where you would sell out long Beans and sell short.

After Prices declined for 3 days they had over balanced the Time Period. The Price

0 s- X/ [5 F% p& m9 T

advance from August 18 to 22nd was 5¢ per bushel; therefore, when Prices

2 X" ?* m' [: ^) A

declined more than 5¢ they had over balanced the Price move of the previous rally.

5 d) Q- {- j4 n* D

October 7 to 16 Prices made lower tops and lower bottoms each day and were

down 7 days. You would apply the 7 to 10-DAY RULE and follow the market

down with stop loss order 1¢ above each day’s high. On October 16 the high was

' Y  R( A9 z; n  G) k% _! }, p$ f

229-3/4. This would make the stop loss order 230-3/4. However, after the

4 C; A: G$ [, d! n8 V

SIGNAL DAY, on October 16, you should have covered shorts and bought

2 Q2 s, q0 E0 R5 p0 n' n

November Beans because this SIGNAL DAY occurred on an exact Time Period

+ V0 Z1 f# `2 v8 ]+ t! P' y) i8 g

1/3 of a year from the low of June 16.

+ r" [! r0 y- p# D) @3 ]

From October 16, low, a sharp advance followed and when Prices crossed 231½ ,

on October 18, which was the ½ point of the life of the option, you had another

- F2 u8 j6 H! L  L" W

SIGNAL TO BUY, and could expect the advance to Balance the move between

6 V3 S+ ^$ c$ C% E2 p

August 15 to 30th which was 18¢ per bushel. October 23, November Beans

$ b' I, p; w  V6 s% a+ s. g

advanced to 245-3/4 which was slightly more than 18¢ per bushel and then reacted

6 _0 K1 [$ Y( Q4 }% a* a& K: V

slightly, indicating higher Prices.

    By watching the Balancing of Time and Price, together with the other rules, it will

help you to determine when Prices are reaching Extreme Highs or Extreme Lows.

THE W.D. GANN MASTER COMMODITIES COURSE

[本帖最后由 yay 于 2008-11-19 00:07 编辑 ]

东儿

等待懂英语的朋友翻译

谢谢提供

cz777

等待翻译

天蓝蓝

是的.有那位好人给翻译一下.谢谢了 辛苦了

liguobao

老严

经典。原来缺口理论来自老江。

gubin1209

通过记录价格中最大的回撤，当市场正在上升时，记录最大回撤发生的时间周期，你将被告知那时市场失去了平衡。
例如：11月大豆，5月25日，高点230。6月16日，低点208，价格下跌了22￠/包，时间是22个自然日，18个交易日。6月21到24日，市场下跌了3天，价格下跌了5-1/2￠。7月17日，高点257-1/2。7月19日，低点240，2天内下跌了17-1/2￠/包。价格就先前的回撤已经失去了平衡，但时间还没有超越平衡。
7月26日，极限高点272。这是一个单独日，也是个衰竭缺口日。你将会从市场中避免，并且根据这些规则做空。7月29日，低点259-1/2，一个3天下跌了12-1/2￠。这已经超过了6月19日中的反转时间周期，时间已经超越了平衡。下跌一直到8月2日，低点256，7天下跌了16￠。1个1天的反弹持续到8月3日，搞点261-1/2，上升5-1/2￠，与从6月21到24日的下跌相同。8月3日之后，下跌继续，当价格下跌超过17-1/2时，价格的下跌超越了从7月17日到19日的平衡。在这之后，更快的下跌到达了8月15日，低点236-1/4，这是一个从272以来的35-3/4￠的下跌。8月15是一个单独日，同样也是从6月16日低点以来的60天。这是一个买入信号，你将在这里短期做多。
从7月26日到8月15日，最大的反弹是2天，当价格反弹3天的话，它们就超越了时间周期，这将标志着更高的价格；当价格反弹超过5-1/2￠/包的话，回升的价格就已经超越了平衡。
   从8月15到30日，只有一个2日的回撤。8月30日高点是254-1/4，这是236-1/4与272之间的1/2点。这个中点是卖出位置，你应该卖出大豆并做空。价格下跌3天之后，时间周期就已经超越了平衡。从8月18日到22日的反弹是5￠/包；因此，当价格超过5￠时，反弹价格就超越了平衡。10月7日到16日价格每天做了更低的顶部和底部，这是一个7天的下跌。你要应用7到10天的规则，并且跟随市场的下跌设立一个在每天高点以上1￠的停损点。在10月16日高点229-3/4。这将做出的停损命令在230-3/4。然而，10月16日单独日之后，你应该停止做空并买入。因为这个单独日发生在从6月16日以来哦的精确的1/3年时间周期。
! B& c+ f. Q1 j, S从10月16日，低点，跟着一个快速的回升来了。当价格在10月18日，这是合约期的1/2时间点，你应该买入，并且起到到达8月15日到30日18￠/包的平衡。10月23日，11月大豆反弹到了245-3/4，这要比18￠的反弹来的小，随后跟着狭小的回撤，指出了更高的价格。
" N% e! j5 v% W  o   通过哦观察时间和价格的平衡，结合其他规则，将对于你哦判别何时价格将到达极限高或低点是很有帮助的。

yhj618

原帖由 yay 于 2008-11-19 08:06 发表
TIME AND PRICE BALANCE
: |. v8 v$ F1 T. u; vBy recording the greatest reaction in Price, when the market is advancing and the
greatest Time Period of reaction occurs, you will be able to tell when the market is
ov ...

& a& v2 x$ A( C) m0 u+ h8 G( i经典的时-价平衡论述。
0 |: q; l* l8 D* u
gubin1209 兄译得很不错！谢谢！
% l8 P! B* b" G7 T
  f: W. P+ p/ [2 R1 \1 f3 Phttp://bbs.88158.cn/attachments/month_0810/20081003_7fa744bfb62eec6f6224RmTIhq85g7o6.jpg

[本帖最后由 yhj618 于 2008-11-19 09:34 编辑 ]

leolee

谢谢！！

glymh

辛苦各位了，谢谢。

gubin1209

呵:-)，最近一直在看江恩英文方面的书。。。英文的阅读能力及速度，提高不少~~

xhgn168

辛苦各位了，谢谢。

东北松999

楼主发帖！

nnnabcd

看了，有几点不明白
江恩说的单独日是什么意思？

tomargom

几年不看英语了，要一个一个查字典。

yay

每读一次, 都深深敬佩GANN的才学! 都要说一句:伟大的GANN!

老夫子

都看明白了？

yay

原帖由 老夫子 于 2008-11-19 08:47 发表
都看明白了？

你懂吗? 即使已经有许多兄弟翻译了! 你再说说看,下面看懂了多少?

By recording the greatest reaction in Price, when the market is advancing and the

# [7 f  R$ Q9 h

greatest Time Period of reaction occurs, you will be able to tell when the market is

$ e' e2 p4 J! I& \+ `

over-balanced.

老夫子

我不认得英文，我只认得数字。。

yay

原帖由 老夫子 于 2008-11-19 09:00 发表
我不认得英文，我只认得数字。。

你不认得英文, 还问别人看懂了没???

georgeyang158

原帖由 yay 于 2008-11-19 17:05 发表

1 P' T' d2 L  o- g2 E- J5 f你不认得英文, 还问别人看懂了没???

  _$ \, u1 {4 x' L, `1 E
3 j5 n$ i) J* r3 B

老夫子

基于over-balanced的意义，用普通的画线工具就够用了。。
: x5 I- O0 k0 A简单非常实用，甚至可以抛弃一些东东，最多拿4方图看下，
# j5 f# m6 K) N阴==阳，即是over-balanced。。

cz777

6月17-20的价格不知道怎么演变

老夫子

原帖由 georgeyang158 于 2008-11-19 17:15 发表
, y9 n( J6 e  j8 w1 {* A
/ Q! {5 G# }3 \. Q% m2 R

。你千万别笑。。真的。

yay

原帖由 老夫子 于 2008-11-19 09:16 发表
, S  b: R' y. x0 I/ k基于over-balanced的意义，用普通的画线工具就够用了。。
简单非常实用，甚至可以抛弃一些东东，最多拿4方图看下，
$ r6 D+ X& ?2 y# Q: E# w& x3 {阴==阳，即是over-balanced。。

GANN不单单在此解释了时间与价格的平衡问题,在所有工具的论述中都多多少少提及!
所以最好读后再感言会比较客观点.
+ P  C- Z7 W8 k我只是比较直言而已,相信研究过GANN原文的众兄弟都在暗暗窃笑!~~~~

yay

再说一题外话:
忘了在哪里看的: 有位仁兄手里拿着GANN的轮子! 然后嘴巴说到: "我从来都没看过GANN的书"!
$ s, ]7 S- \$ d2 X# ]-------------------------呵! 真有点莫名其妙~

cnshlyh

原著还真没看过，就看过国产的。。。。

随风1216

好好学习!

fang05114

原帖由 yay 于 2008-11-19 17:32 发表
再说一题外话:
忘了在哪里看的: 有位仁兄手里拿着GANN的轮子! 然后嘴巴说到: "我从来都没看过GANN的书"!
-------------------------呵! 真有点莫名其妙~

8 \, m2 P/ n# V1 U2 c# @yay 斑和老夫子都是直爽人，急性子，呵呵
0 v8 V1 j0 R" i' v% W
' Y4 l' R, g4 S) E6 R4 K$ z" n; j$ E大家既然来到这个坛子，真的是有缘分啊，

zb0510

辛苦