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William McLaren – Foundation for Successful Trading

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You should be able to trade and position successfully from a bar chart and volume. All else is built upon this knowledge, this foundation.

If your foundation is not strong, all else may eventually collapse.

Bill McLaren strongly recommends Gann Traders becoming very familiar with the Foundations material before going on to Time.

The foundation analysis is divided into five chapters.

Pattern is of critical importance and is designed to give you a comprehensive understanding of the different types of trends. Our basic purpose in this business is to find the start of a trend and stay with that trend until it becomes “at risk” of completing. We must therefore have a thorough understanding of the counter trends (sell offs in an up trend and rallies in a down trend) which conform to those specific types of trends. This knowledge allows you to safely enter trends with limited risk to capital and alerts you to a possible change in trend.