EP 006: How Tim Walker uses technical analysis and the methods of Gann to takeout the big moves

Aaron Fifield Podcast 3 Comments

Coming in on episode number six is a trader who I have a great amount of respect for – Tim Walker. I say this because, it wasn’t the first time I met Tim…

A couple years back, I had the opportunity of attending an intimate 3 day workshop he tutored. Over these few days, Tim was an open book of trading knowledge and it was clear he knows how to extract a serious profit from the market. With that in mind, I knew I had to have him on the show to share some of those insights with you.

In today’s episode Tim consistently deliverers great pointers, especially for those who are technically inclined. He also goes into detail about the influence Gann’s methods have on his own approach to trading. In particular Gann’s ‘50% rule’ which continues to hold weight in today’s market – study and backtest this one, see for yourself.

Now there’s a lot to takeaway from this interview, hence the length and the extensive list of lessons below. It may even be a good idea to play it through twice – enjoy!

“There is no room for amateurs in the game of life.”

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Lessons learnt in this interview:

  • The importance of looking at the bigger picture, and trading with the overall trend.
  • How the effect of positive thinking can rub off on your trading – creating your own luck.
  • How Tim got a handle on learning to trade, breaking it down one week at a time. And the power of repetition.
  • Tim shares his (logical) views on fundamentals and news releases, and how the majority are often fooled. Also touching on the impact of emotional trading by the herd.
  • A breakdown of the steps and process that defines trading. He almost makes it sound simple…
  • The 50% rule of W D Gann, and how this often calls a change in trend.
  • The reason why double and tripple bottoms/tops occur, and why they are often a great pattern to trade.
  • Why it is so important to document your trades. Tim shares how one of his subscribers was able to dramatically increase his profitability by doing this one thing alone.
  • And much, much more…

Links and resources mentioned:

  • Recommended Reading – Tim says a good biography of a well known trader is a great place to start, for those new to the game. And suggested Jesse Livermore: Worlds Greatest Stock Trader by Richard Smitten, available on Amazon.
  • For those keen to learn more about the trading methods of W D Gann, Tim suggests reading The Truth Of The Stock Tape by William Gann, available on Amazon.
  • Also be sure to check out Tims book (probably better described as a comprehensive course), How To Trade Like W D Gann, available at Sacred Science.
  • To learn more about Tim and his weekly newsletter, visit timwalker.net.au.
  • Tim mentioned the number one resource he relies on today, is a good piece of charting software. Although he did not mention it during the interview, Profit Source is his go-to.

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