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I got that Scorpion. It's difficult to predict the direction and more difficult to say how many pips one can get of a trade. That's why I'd like to share something I thought about. I think to use some patterns /I'm sure you know them well/ to recognize the direction and the target of the move. The rates in these patterns will show us where the price goes and where it could reverse. I'll attach a pix showing a big and a smaller butterfly. The rate for the time being is 1.414 /this's the bigger one - X,A,B,C,D/, and the smaller one - x1,a1,b1,c1,d1/.We have seen good down move at d1 /1.272/ level,it was good time for short. The situation now is different the price has already passed 1.272 and i think we are going to 1.618 and there we can expect to reverse, of course we have to see divergence in various indis and tech signal, I suppose...I'll try to combine patterns with astro events...
It's not sure, nothing is 100% sure, nobody has to trade it... It's just an idea... REGARDS |
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I have found some documents on astronomical finance, I think that some of them may be useful to you. I have took a glanc on them, it has some info on aspect, planetary cycles, planetary patterns, and other stuff. Hope it helps, if does, enjoy then . You can download them here
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Regards, Ravique |
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Ravique, thanks again for sharing that info with us, it's valuable but the cycles described there are too huge for any active trader.
For example: I'll take Mars-Moon Node, aspects happen 2-3 time per a year, it's not enough I think. In the beggining I thought that it would be great to have something that can predict tops and bottons, I mean April/21/2005 because we've got aspect then but when I started backtesting on daily chart the result wasn't impressive. One can use that event adding it to reinforce the system he uses. Next example: We're working on a cycle happening once a month. Its start is a botton, we expect that next month-June,05/06. Reinforcing - we've got an Mars-Moon Node aspect on June/06. It doesn't mean you have to trade it, don't open positions, you are responsible for your actions... REGARDS Last edited by ttt123 : 05-25-2006 at 05:38 AM. |
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Well, mate I didn`t really read it, I have no time now, since I have an exam session and searching for a job/going to the interviews part of my life, so I just saw the documents that have the same topic and posted theme here, but still, if there are bug cycles, there should be smaller ones, anyways, If I see something else, I post it here.
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Regards, Ravique |
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ttt123, depends on your trading style I guess, and enough of these type of formations etc combined and you have a few trades each week which would suit the swing trader rather than the positional trader perhaps.
We are working through some interesting Sun/Moon formations as well as other Planetary aspects over at http://www.beginnertrader.com/forum2 which might interest you (as well as some very interesting Gann stuff). |
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