Thanks dandxg.I know what you mean.I have been searching carefully through these sites and they are rife with deeply hedged calls.Once in a while they make a spectacular call and that is the one endlessly replayed in the media and in their promotional stuff.When you look at the daily sample calls,however there are 8 potential turn times and 15 different SP and RS levels.I had a really smart guy rec. John Needham's the Daniel code site as being better and clearer and honest about their calls.I checked out the free access portions and id did look better than the others.I was wondering if any of the members here have tried it,before I spend time or money on it.Thanks,Mark.
Sure your welcome. I looked at Daniel Code too and my gawd his R to R on some of his trades was just horrible. He was recommending a $2500 stop on a Dax day trade to grab a fraction of that, it was 6 week ago I don't recall the exact number. I am not saying all of his recos are like that, but once I saw that adios. The reason I started looking at Gann and predictions was often the R to R was great so without that their accuracy is 50% and the edge really goes down quick IMO. I feel fortunate in that I figured it out quickly about these predictors. Money Management is the key. At this point I may look at Astro/Predictions as a hobby and nothing more. I would have much more respect for them if they just stuck to their calls.
I am going to focus on things I worked on before like Market Profile and AMT. They are solid. I have been trialing Tom Alexander's room for $5 for 2 weeks its a good deal. One of his student Julian Marchese has some free vid on YT and a 2weks trial. Thy give a different and sometimes easier spin on AMT MP than I have seen before. The nice thing is all of their set up are based on sound MM no tick scalping.
The only thing to me cycle prediction wise that stands up much at all is the Flux from Back to the Future and that's because its really advanced data mining not reading the stars. If he offers real time demos again you might want to check it out. Michael is more honest than most my only beef is him calling them inversions, but he admits 60% accurate and combined with good money management you could do ok.
Anyway I digress on Astro/Predictions but maybe I can point someone in better direction and good trading to all.
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Thanks again,dandxg.Lots of useful help for me here.I understand your reference that the Dax trade may or may not be representative of what Needham does consistently-but it may explain the unusually high winning percentage-80%+ the site claims.Too bad a guy can't make any money with a system like that,where 8 small profits are wiped out by the occasional wide stop that is hit.I wonder if any other members have given this site a try and what they thought.I have learned a lot over the years from long-time traders,and it is amazing how consistent their advice is-money management,discipline,and trade management are what makes you or breaks you.I appreciate your help.Mark.
I tried using astrology and trading the markets. I tried using wav 59 planetary support and resistance as well as some of their other indicators that are different. they seemed to have become expensive lately---used to be $89 per month.
I also tried a service from a guy named Ted astroadvisor
He gave daily and weekly planetary support and resistance levels as well as times of the day that planets are at important angles to each other. as well as gave potential turning points in the market----when Mercury goes in and out of retrograde. It was very interesting, but I realized that it is really hard to trade that way.
There is much more to it than full moon and new moon. and astrology by nature is Statistical. I remember that This guy called for a potential low in the market as Mercury was going into retrograde or maybe it was Venus about a week after the March Lows of 2009.
He said this should take it through a cycle that would last till like April 17th 2009
He recenlty have a webinar and gave a lot of important dates. One of them was a day in April 2010 about a day before the market turned down. He said that was a major day so I remmeber marking my chart with a thick line.
The only problem like with anything else is having a system that can actually trade this stuff and make money. I have not been successful with that concerning astrology. but I did find it interesting how accurate this stuff can be.
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I agree there is much more to astrology than full/new moon. But, while it sounds great to say it's a statistical animal, it does not appear to be so. Any statistics I can find just don't support astrological claims of any kind. Do you know where astrologically-friendly statistics can be found? Not the "I know a nurse who says" hearsay kind, but the written numbers + mathematics kind?
Thanks,Spencer.That seems to be most people's experience-some very good calls mixed in with others that were not real close to highs or lows.I know Ted P. tries to filter out false signals by requiring confirmation by the market taking out the lowest high or highest low by a few ticks.I read a blog called Anonymous Monetarist where he cites a paper by the Federal Reserve and one by Maquarrie securities in Asia investigating planetary influences on Financial markets and investigates some interesting theories.Thanks,Mark.
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Richard, no I really dont have any mathematical proof, however, here is an article that may shed some light on some of your questions Statistics in Financial Astrology
statistical is my way of understanding. meaning, there is nothing hocus pocus going on, it is just that when the positions of the planets line up in certain ways, it affects the space in certain ways that most astrologers seem to have some common agreement
Mark, yes, I remember that this summer is supposed to be a Cardinal Cross according to astro Ted P. and he was thinking it is going to affect a big organization like the Fed---but who knows, there are lots of big organizations---Goldman, BP, etc..
The other thing I have never tried , but is interesting is what Ted calls trading the times of day your astro chart is most likely to be profitable. sometimes people just dont make money in morning even though market is moving, and maybe they should trade in afternoon since that is the time their astrochart for that day would be most profitable.
Richard, have you ever tried any software or services?
I think astro stuff is cool, I just think as with anything else, it is a setup. The trigger always has to be what is actually happening that we can see as demonstrated through price. If the market is not giving a short signal even though astro is saying short, then no short trade,e tc..
Larry Williams has given some hints that he is open to astrology and stuff like that probably a lot more than fibonacci numbers according to him-----I personally liek fibonacci. He actually did some statistics on fibonacci numbers and showed evidence that they dont work.
However, context is everyting and I think he was not filtering it through the proper context----like trend and elliott wave. Just like with astrology. you need an astrological person to do the statistical analysis since they will give the correct interpretation to be counted in the statistics.
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