Gannís courses were generally categorized as either stock or commodity focused, but all principles taught for stock would equally apply to commodities. Stock traders who ignored Gannís commodity courses could miss out on many important techniques.
Our Commodioty Trading material provides valuable techniques with a scientific approach to analysis.
Approaches to trading begin with choice of a time window.
Day or intraday trading focuses on short term swings, generally not holding positions overnight.
Although Gann, trading before the electroinc age, did not favor short term trading, his techniques do work on this level, since similar patterns exist on every time frame whether very small or very large.
Techniques, tools and systems particularly focused upon or the Elliot Wave pattern.
The Golden Age of Technical Analysis extended from 1910 through 1960, when the greatest analysts lived and developed foundational principles.
Dr. Baumring selected the best works for his students, believing it best to study from the great masters.
Books by masters of the past have as much value for students today as they did back in their own day.
Much science from the 1800ís postulated a 4th Dimension, often considered to represent Time, in relationship to 3-Dimensional space.
Gann himself posited the idea of space itself being a 4th dimension in the markets, which requires the Gann theorist to become familiar with complex and often metaphysical theories of extended dimensionality.
A branch of Chaos Theory, fractals are beautiful self-similar patterns mathematically generated from non-linear equations.
Fractals apply directly to financial market phenomena, and time-periodic market charts show that similar patterns permeate each time level.
Gann and Baumring saw common patterns foreshadowing coming events within consistent structure.
Eric Penicka: Gann Science
The author correlates Gann’s exact words to the science of Gann’s day to illustrate his phrase “stocks are like atoms”. Offering a system of “mathematical points of force” governing the structure through which the market moves, the emerging science of Periodic Table atomic elements provides a system of order through which to forecast.
W.D. Gann Works
We stock the complete collection of the works of W.D. Gann.
His private courses represent the most important of his writings, going into much greater detail than the public book series. Our 6 Volume set of Gann’s Collected Writings includes supplementary rare source materials, and is the most reliable compliation of Gann’s unadulterated vital work.
Dr. Jerome Baumring
The work of Dr. Baumring is the core inspiration upon which this entire website is based. Baumring is the only known modern person to have cracked the code behind WD Gannís system of trading and market order.
Baumring found and elaborated the system of scientific cosmology at the root of Gannís Law of Vibration.
There is no other Gann teaching that gets close to the depth of Baumringís work.
The Three Types of Traders Why They Win & Why They Lose
An Article from Trader's World Magazine, Fall 2008
By William Bradstreet Stewart
For the past 20 years, the Institute of Cosmological Economics has been dedicated to providing our clients with an exclusive collection of rare financial market analysis and forecasting publications from a highly secretive tradition of thought, which we call Cosmological Economics. This tradition stems from the work of the famous market master W. D. Gann, and extended through the work of Dr. Jerome Baumring of the Investment Centre school and bookstore in Los Angeles in the 1980’s. With the death of Dr. Baumring and the closing of the Investment Centre, this tradition was passed on to us at the Institute of Cosmological Economics, where we have continued to make available the market teachings specifically selected and developed by Dr. Baumring.
We are currently in the process of separating our financial market books and courses from our more esoteric and scientific catalog, and our new Institute of Cosmological Economics website is oriented specifically around the financial market. This new website will focus only on Cosmological Economics and financial market trading and forecasting, from the tradition of W. D. Gann, Ferrera & Baumring. Dr. Baumring’s mission was to elaborate the work of W. D. Gann and the tradition of market forecasting based upon W. D. Gann’s Law of Vibration, into a complete cosmological system, relating universal processes to human consciousness as reflected in financial market activity. Baumring considered the markets to be barometers of mass human psychology, and understood, as primarily developed by W. D. Gann, that there existed fundamental laws and ordering principles in the universe which determine the function and action of all things, including the markets.
Throughout the years, we have continued to seek out and make available further correlating material to support and develop this thesis, adding to our collections important lost works and new material on these subjects, ranging from market analysis, to astroeconomics, to scientific and esoteric treatises, which provide an elucidation of the basis of such universal theories. As a major part of this process, we continually search for and discover new resources and experts within these fields, and encourage and work with them to develop new presentations and advancements of these concepts, such as we did with the work of Daniel T. Ferrera, whose books and courses have significantly advanced the understanding of Gann analysis, cycle research, wave mechanic market structure, long term forecasting, including a 100 year forecast of the Dow Jones Averages, out to 2108 (which accurately predicted the Oct 07 top and current market declines), automated trading systems, and a number of other key topics.
As a continuation of this process, we are would like to recommend some KEY foundational works containing core trading principles which many would consider to be the most valuable and important aspects of trading, the application of the theoretical work to the most difficult and applied field of successfully trading the financial markets. We are convinced that the courses we will present to you here represent some of the best applied trading courses ever made available to the public. The intention of the courses below are to take even a totally uneducated and unexperienced wannabe trader, and teach him or her the fundamentals and mechanics of trading beginning from nothing. These principles are required before a trader even begins to seriously concentrate on analysis techniques, but are required in order to know how to apply those methods of analysis successfully in trading.
Over the many years that we have been closely involved in this field, we have had the opportunity to meet 1000’s of analysts and traders, and we have found that those individuals who have immersed themselves into this tradition generally fall into 3 categories:
First, there are those who have invested a considerable amount of time and money into their research, but who have never taken the step of actually applying it to trading, remaining primarily theoretical researchers.
Second are those who have invested the same cost and energy into the work, but who have also spent years attempting to become successful traders without ever finding the necessary Key to produce the trading results they desire.
Third are the successful professional traders who have developed working applications which provide them with moderate to extreme success in the markets, enough to make trading their only or primary profession.
This third category represents our primary and most serious clientele, those most anxious for each new piece of material we uncover, because each added insight contributes to their overall understanding and improves their success in the markets.
In our ongoing search for new material, one of the key elements we most painstakingly seek are methods and insights which will help turn these first two categories of analysts into the third category of successful traders. However, as most of you reading this well know, this is the most difficult category of teaching material to find. The reason for this is twofold. First, is that those professional traders who understand the true methods of successful trading are reticent in giving up their hard-won secrets that are the source of their income and sustenance, in part because they are afraid that public knowledge of such principles will lessen the effectiveness of the techniques in their own trading, and partly because many of them feel that success in trading is something only earned by an individual’s own effort and intelligence.
When such traders do write books, many of the best of which are the books to be found in our catalog, such as the work of W. D. Gann, they present the work in such a way as to make it exceedingly difficult to penetrate into the true methodologies they are actually using to successfully make money in the markets. It is evident in reading such works that there are profound insights contained therein, and with much hard labor, some analysts are able to penetrate the veils and connect the missing links to understand the hidden applications, these generally being the third category mentioned above. The others scratch their heads and continue their search for the missing Key that will provide them with the success they have so long sought.
The second reason that it is difficult to discover working trading applications is often dismissed as being the result of there being only a particular type of person, with the proper intellectual faculties, emotional balance, and an engineering type of mind that is necessary for trading the markets, and that this type of person is quite rare and special. Some have come to the conclusion that there are theorists and there are traders, and that never the twain shall meet. If you don’t already have “it,” you won’t get “it,” and will forever remain in a circular quest for the unattainable.
While it is certainly true that some people simply do not have the emotional stamina for the art of trading, which requires the strength to be able to make hard decisions and initiate upon them at the opportune time, and then to ride the emotional roller coaster of watching the market move with, or worse, against you, we feel that the actual truth stems from the simple fact that 95% of those who attempt to trade the markets are lacking the fundamental principles, insights, strategy, and knowledge required to be a successful trader.
Once one understands, however, that it is not some magic wand that will make one a successful trader, but a collection of knowledge and applied tools which have actually been time tested and proven to work in the markets that is the missing link, one is able to set out on the quest to discover those needed tools. Most aspiring traders fall short at this point, because they lack the dedication and determination to spend the time and money it takes to discover these tools.
In having known 1000’s of traders, one absolute fact that is consistent amongst all of those who are truly successful, is that they have generally spent 10’s of thousands of dollars, if not $100’s of thousands on their education and research. Most have extensive libraries, and have attended dozens of seminars and trading courses, and most agree that very few of them were worth the money, and yet they continue to search until they find something that works. One of the most common facts about unsuccessful traders is that they are continuously hesitant to spend enough time and money to acquire a real education in the markets.
W. D. Gann said that in order to make “Speculation a Profitable Profession” (the title of one of his courses) one must become a true professional about it, and acquire a professional level education. Dr. Baumring used to say that you don’t become a brain surgeon in a day, but only through long, hard study, 7-10 years of study, yet millions of people think that for some strange reason they can become a trader overnight, and that it is easy.
What’s particularly amazing is that most people will spend $100,000 to $200,000 on a college education, the tuition at most private schools these days being $40k a year!, yet they balk at spending $5-10,000 obtaining an education in the markets. They hardly realize that there is very little taught at a university that is not publicly available for FREE in any public library or on the Internet. And yet they spend this money without any thought of whether they are receiving an education that will provide sustenance for them and their families for the rest of their lives. Certainly, there are some professions which require specific academic standards, credentials, and specialized training in order to work in those fields, but the majority of students at college are not developing such specialized training.
And again, what we are discussing here is trading, and anyone who has looked at any academic curricula or been to college, can tell you that there is absolutely NO education available at universities that teaches anyone how to trade! And yet in the modern world, every individual who has any savings or a simple 401K will find themselves confronted with the necessity to make financial decisions for which they are totally unqualified and unprepared.
People can obtain an MBA and get a job on Wall Street, but the disastrous state of our current economy, the dangerous jeopardy of the banking system, and the recent collapse of almost all of the great old Wall Street financial firms, should be enough to demonstrate that these sophisticated educations provide even the experts with very little true knowledge about the markets. These professionals and institutions, and even such revered figures as Alan Greenspan, all profess surprise over the current market and economic collapse, while most of our clients have been expecting this for some time, and were well prepared to take advantage of it.
The incredible volatility of the markets in recent times, with few 100+ point daily swings, provide those with the ability to call turning points, and the knowledge of how to trade such swings, with incredible opportunities to make exponential profits unlike any other time in the history of the financial markets. This is truly a trader's market, and will be for many years to come, but without these kinds of skills, the average investor will be hard pressed to make even minimal profits in their portfolio.
So, in the face of these considerations, where is the aspiring investor or trader to turn to receive an adequate education in the markets, whether it be simply to manage his 401K or retirement portfolio, or whether it be to become a successful stock or commodity trader? It's one thing to have a general cyclic indication of market expectations, but an entirely different thing to know how to take advantage of and trade those insights in real time. For the trader, these highly volatile markets offer one of the greatest opportunities in history to generate unimagined returns. With the kind of volatility we have seen in the last 10 years, with intraday swings of 100’s of points on the Dow, and some stocks jumping and collapsing by 50% almost overnight, those who know how to forecast and trade such swings have the regular opportunity to generate returns that would have taken decades in times past.
Such trading requires the ability to pinpoint exact turning points on a daily and even intraday level. Or for a more intermediate term investor, projecting the turns on a daily and weekly time frame is all that is needed to catch the general trend of the market as it bounces from its high to low within a trading range. This is not as complicated as one may think, for with the right tools, foreseeing and trading the intermediate trends of a trading range is almost obvious. Many professional traders do this all the time, but generally the process is not taught to the common investor or beginning trader.
If one asks professional traders what the most fundamental necessities required to make consistent profits in the markets are, they will generally all boil their expertise down to a few key fundamentals. These fundamentals turn out to be, first and foremost, good risk management! Second, effective tools that clearly identify future turning points, specifically, highly tradable points after which a significant market movement transpires. And finally, techniques which identify price level entry points, exit target points, and techniques for trend determination. It is somewhat universally agreed upon by successful traders that if you know WHEN to take your positions, WHERE to enter and exit your trades to maximize profits, as well as where to place your stops so as to limit your risk without getting knocked out of your positions, and HOW to determine the nature of the ensuing trend, that you will be successful in your trading endeavors.
Many people spend a lifetime studying numerous trading books and courses without ever finding a consistent means to achieve their desired results, though really with the right direction and proper material they could probably surmount this obstacle without great cost or difficulty. The first step is in learning to favorably bias the risk/reward equation. One must develop a “statistical advantage” before even beginning to trade, through applying both account management skills, followed by consciously biasing the risk/reward ratio of one’s trading strategy. This is really the only way to make a living in the trading business.
Everyone always talks about the upside of trading, believing that with unlimited potential for gain and limited losses, that it’s inevitable that given enough time and resources you will eventually hit it big. However, in reality, success in this endeavor is very low, because nobody truly understands how to properly apply these principles of risk management when they first begin trading. Even many long time traders have never mastered these most fundamental ideas, and that is what separates the successful traders from the unsuccessful.
One of our most popular authors who lays the foundations for running a logical and practical trading business is Dan Ferrera, who has clearly realized that this problem lies at the core of most failed trading attempts, and with this in mind he developed a specialized trading course, The Keys to Successful Speculation, which directly addresses these issues, clearly laying out the principles of risk management and swing trading in direct and simple terms that any beginning trader can quickly master and apply to their trading. Most people just don’t realize that it is this side of trading that is blocking them from success. Ferrera’s Keys provides the “statistical advantage” through risk management that will allow a trader to skew the risk/reward equation in their favor all the time.
Once these initial principles of risk management and swing trading are mastered, Ferrera has a next level trading course, The Art of the Trade, which provides thorough instruction in W.D. Gann’s next level trading methodology, Pattern Trading. It teaches “Chart Reading” the way Gann himself did it, demonstrating how to trade the fundamental market patterns identified by Gann. This strategic approach to trading provides advantages that allow the trader to react to the markets in real-time, without indicator lag. Pattern Trading eliminates lagging mechanical indicators, which are always based on what the market did in the past and not the present. This style of “Form-Reading,” as Gann called it, allows one to make decisions in real time, as the opportunities develop on the chart.
Patterns let the market tell its own story. They inform the trader what it is most likely to do, providing an open invitation to come along for a potentially profitable ride. Becoming proficient at recognizing these simple patterns, which are conceptually based on pivotal swings, can dramatically improve a trader’s ability to read and interpret price action. This course provides a clear set of rules for reading these market patterns to determine entry, exit, risk management, and trade management as determined by the recognition of a set of fundamental market patterns identified by Gann. This approach differs from Gann’s mechanical swing indicators and from his long-pull position trading, providing a different perspective and alternative trading style, that most often used by Gann himself. The technique is equally effective on any time frame, so is as valuable for day-traders as it is for daily traders. It also generates a larger number of trades than his other trading methods.
Ones the systems of Swing Trading and Pattern Trading are mastered, the final 3rd level of trading strategy taught by Gann is what we call Leveraged Position Trading. We consider this strategy to be the best approach that traders can take to producing large profits from small investments with very limited risk. Our course, Market Vibrations, W.D. Gann’s How to Make Profits in Modern Markets, takes this particular approach to creating highly leveraged positions to a new level, and is the first phase of trading where traders can approach the incredible results that Gann himself accomplished.
The intent of this course is to provide a trading strategy that allows for large returns from low risk investments. Trades have an average risk:reward ratio of 1:10, with a minimum return of 500% per trade to maximum returns exceeding 5000% per trade. The strategy employs straight forward analytical techniques explained in Gann’s How to Make Profits in Commodities to identify high value trade setups which can be employed using highly leveraged options strategies to generate large but safe returns. The analytical techniques and strategy taught in this course do not require any prior Gann knowledge or any past trading experience. They can be easily understood and applied by any trader, new or seasoned, to great effect with very little time or difficulty. The strategy is based upon “leveraged position trading” so requires little time or effort to manage. Minimum capital requirements are very low, so someone with an account as small as a few $1000 can effectively implement this strategy. For full details see the link below.
Once these fundamental trading approaches are understood, there are many further technical tools and analysis techniques which will help to improve a traders timing and price expectations, making one more effective in producing consistent profits. But without these fundamental strategies and trading principles, these other techniques can remain ineffective. So it is best to start first with the fundamentals, and only then to move on to the more advanced work. That way a trader will learn to produce profits from the outset, and when that is accomplished success is assured.
Our Three Most Important Trading Courses Presenting the Fundamentals of Trading:
The Keys to Successful Speculation
Daniel T. Ferrera
The Keys To Successful Speculation presents the first fully intact trading manual, which will clearly teach anyone, including those with absolutely no prior knowledge of the markets, Gann, or forecasting in general, to successfully trade in any market, fr
Hardcover Black Suede Gilt
The Keys to Successful Speculation ( $1,500.00 )
The Art of the Trade
W. D. Gann's System of Chart Reading & Pattern Trading
With rare research from the 1920ís through the 1970ís, the Hasbrouck Space-Time Archives studied market influence based on Solar Field Force.
Muriel Hasbrouck, aided by her husband Louis, researched solar phenomena, space weather and earthquakes in relation to market forecasting, producing a well-received forecasting letter for 30 years.
Gann Reading List
In the 1940ís Gann published a 2-page list of about 90 Books that he stocked and sold to his students, known as "W. D. Gannís Recommended Reading List".
Each book contains some component of Gannís system of knowledge essential for piecing together his system.
Any one book may have one simple idea critical to Gann's perspective.
Cosmology provides the primary basis for our theoretical system of market order and scientific analysis. Moving beyond modern ideas, our approach to Cosmology involves Pythagorean, Esoteric, Eastern, and Ancient metaphysical theories of cosmology.
Our ICE collection focuses on ancient concepts as well as modern alternative theories of the universe.
Kayser, the greatest scholar of harmonic science, was far ahead of his time, penetrating the depths of ancient esoteric Pythagorean Tradition to present a universal Law of Vibration.
His "Textbook of Harmonics" provides the most valuable insight into Gannís Law of Vibration of any resource.
We have so far translated four of his works into English.
Harmonics and Music
The science of harmonics is one of the most important subjects in the esoteric and scientific traditions, positing that harmonic relationships of vibration govern the structure of the universe.
W.D. Gann called his system of market order the "Law of Vibration", and used principles of harmonics and vibration to predict trends in the financial markets.
Special Learning Systems use maximally efficient techniques to accelerate learning, enhancing memory, rapid mathematical calculation techniques, artistic systems, physical, and mental or spiritual training programs.
Ancient and modern intellectual technologies combine to create new fruitful approaches to learning and understanding.
Time is a primary consideration in science, philosophy or financial market theory.
Our collection of titles on Time in all of its elements covers subjects which range from Hyperdimensional Time Cycles to Relativity and Spacetime.
Books selected by Dr. Baumring and W.D.Gann provide deep insights into market analysis and scientific or esoteric cosmology.
Trading Selene’s Chariot
Sean Erikson, a professional trader and fund manager, presents a set of highly refined tools for advanced swing trading based upon principles of celestial mechanics and ancient geometry. Developed and refined over 3 decades of research, trading and professional management, his astro-trading tools represent the culmination of a lifetime quest.