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No, I actually meant what I said. Two people can swear up and down that they trade exactly the same way, same method, same charts, same rules, everything, and one can take a trade and the other can do the opposite, at exactly the same time, and both can be convinced that they are right. One is often consistently profitable and one is not, because one is looking at the market and using the method to help see what the market is doing, and the other is looking at the method and doesn't see the market at all.
This is one problem with spending all your time with charts and not trading.
I'm not trying to say anyone should just jump in and take foolish risks, in fact the opposite. But watching price on a chart, especially after the fact, and understanding it, analyzing it and talking about it, is one thing, and trading it is another. And that's where the difference is found.
So I don't try to give out tips on method. They don't generally do anyone any good.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
When I started I subscribed to a newsletter from an astrologer/trader. Not sure I got much out of it.
In my mind the market doesnt have real cycles, we try to put cycles on it like we try to put trendlines and donchian channels, but it only works in hindsight. It is our job as humans to make straight lines and it is natures job to break them down. As Mandlebrot wrote about extensively, the markets move in a chaotic manner like a river or cloudbank.
Trying to box it in with linear geometry is like trying to polish a roof tile to make a mirror (IMO)
Coming, they can't be denied. Going, they can't be detained.
If anyone wants to try to test whether or not lunar cycles can work in the Markets, I insert here the formula in Easylanguage (for Tradestation and Multicharts) for Full Moon Cycles;
obviously changing the dates, you can insert also the New Moon Cycles.
LUNARCYCLE: Plots a dot every 27 days, so if you type a full moon date as the input, it will continue to show you full moon days.
P.S: In this Site (it is in Italian but you can easily translate it with Google Translator), the author has verified with statistical data, that lunar cycles have a low efficiency in Financial Markets:
Has anyone actually seen a trader with a P&L in the positive based on astrology? This is hilarious, I wouldn't even know what to say if a trader I met claimed that he traded like that.
Ancient Vedic astrology of India consists of planets to be seen specifically for certain aspects.
For example, if I decide to trade, you need planet Rahu to be powerful in your birth chart. This is because Rahu is considered to be an enemy planet, but if it's position is exalted in your birth chart, it does wonders against your enemies, viz. here in your profession of trading, which is winning against your enemies.
There are more aspects to this, but generally a qualified astrologer will see Rahu in your birth chart and then recommend if trading is for you or you will just take losses.
