TIME AND PRICE BALANCE(时间与价格平衡)

yay

TIME AND PRICE BALANCE

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

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

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over-balanced.

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

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

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

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

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previous reaction, but Time had not over balanced.

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

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

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

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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-

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

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

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

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

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

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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

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

balanced the Price rally.

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

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

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

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

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

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

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

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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

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

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

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

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

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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

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

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

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

slightly, indicating higher Prices.

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

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

THE W.D. GANN MASTER COMMODITIES COURSE

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[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
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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。
8 f9 G* F* \7 \+ A; ]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。
3 D+ M" V( C: v( R0 ?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。
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。
   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
/ g( X4 T0 b. v6 |) F! k' QTIME AND PRICE BALANCE
5 y( Q9 i7 p8 qBy recording the greatest reaction in Price, when the market is advancing and the
7 C& Z# L0 ?8 t/ k5 ]; }8 ^greatest Time Period of reaction occurs, you will be able to tell when the market is
ov ...

5 ?8 U9 w: b0 E2 C/ {$ z经典的时-价平衡论述。

gubin1209 兄译得很不错！谢谢！
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% c* p& Q4 U) Ehttp://bbs.88158.cn/attachments/month_0810/20081003_7fa744bfb62eec6f6224RmTIhq85g7o6.jpg

- \; ^$ d5 M( o; f% K2 P  D; K4 E[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
! \8 Y  t5 X1 B, N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？

, W% n0 r: M3 J4 N" E+ n. z$ H3 S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?
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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

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。。

  Q8 R. V" k& [" M* a" P! n/ w. u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
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你不认得英文, 还问别人看懂了没???

老夫子

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，
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

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, x- ^. Q9 F8 W。你千万别笑。。真的。

yay

原帖由 老夫子 于 2008-11-19 09:16 发表
基于over-balanced的意义，用普通的画线工具就够用了。。
# ~! [" b: e2 B3 h简单非常实用，甚至可以抛弃一些东东，最多拿4方图看下，
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!
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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:
2 V2 S* |1 r" x% r& [ 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~

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~

yay 斑和老夫子都是直爽人，急性子，呵呵

大家既然来到这个坛子，真的是有缘分啊，

zb0510

辛苦