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PRACTICAL help for astrotraders, who use
technical analysis to improve their trade
entries and exits.
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Subject: Metastock & financial astrology
... advanced technical analysis,
along the TIME axis.
Hi folks,
Metastock comes with some powerful tools
that are rarely mentioned, since any EASY
and truly PRACTICAL trading methods built
around them have been kept under wraps.
No matter whether we trade with fundamentals
or technical analysis, the basic reason for
doing ANY analysis is to determine WHEN we
should trade.
With stocks, if we get it right, we have
bought in when it's cheap and sell out
before it retraces. If we are not too greedy,
we aim to take the "meat" out of any rally,
where possible.
One drawback for both technical and
fundamental analysis is the fact that,
neither have a high regard for TIME.
By nature, when chartists use price-based
indicators, they are dealing with lagging
indicators that analyze the price axis only.
When we use fundamentals to analyze a stock,
we can determine if it is sound, by using
various formulas on the accounts numbers
and evaluating management, etc ....
That's fine, but again the TIME element has
been ignored, apart from profit forecasts
made by management.
So using the fundamentals does not really
tell us WHEN to trade ... that is,
PRACTICAL information that says ... enter
here and exit there !~!
In fact, many "investors" have fallen into
the "buy and hold" trap ... forced to wait
years for some stocks to recover, if ever.
Taking profits, WHILE THEY EXIST, is the
real art to trading, no matter what type
of analysis we employ.
Analyzing the TIME axis is the other half
of the equation, for both chartists and
fundamentalists.
There's plenty of evidence around to support
the use of TIME cycles in our trading plan too.
Fosters (FGL) and many more have shown us FIXED
cycles that can be traded profitably ...
In examples like this, we can graphically
demonstrate these fixed time cycles, using
Metastock's fixed cycle tool ... too easy.
However, there's also DYNAMIC time cycles
that occur in every market and these may
be shown using Metastock's Gann lines,
according to some very specific rules and
also utilizing the astro symbols, also
supplied with Metastock.
Using that FGL example, it has exhibited a
seasonal cycle, in the past, that has served
traders with a good market timing indicator.
Markets move along both the PRICE axis and
the TIME axis. To omit either one, from our
analysis, is to make trading decisions with
only HALF of the trading information available
... and that would seem to be doomed from
the outset.
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To introduce analysis of the TIME axis into
our trading plan, we must choose an appropriate
means of evaluation. Here, we introduce
financial astrology and the cosmic clock.
Some general comments about astro-trading ....
Approaching the subject as a skeptic is healthy,
since the subsequent proof of many accurate
calls make an even more lasting impression on
any doubtful student of time cycles.
Up front, we should take this attitude:
"Planets DO NOT CAUSE anything to happen !~!"
However, the cosmic clock is the oldest and most
accurate timing device known to mankind, doesn't
it make sense to harness it as a tool for trading
purposes?
Using the cosmic clock for market timing has a
number of advantages, like:
1. NOBODY can change or interfere with this timing
mechanism, except God hisself.
2. By logging market reactions over long periods,
a bias for future market action may be evident
for individual cycles.
3. Both STATIC and DYNAMIC time cycles can be employed
to analyze the TIME axis on our price charts. This means
we now have significantly more information from the same
charts, with no further overheads.
4. Such information can be used in projecting TIME and PRICE
forward, complementing our trading plan.
5. Better analysis of the TIME axis, also helps to confirm our
regular TA and helps us to make more informed decisions
about our trade entries and exits.
As we move forward, many more traders will see the value in
using TIME cycles, as another trading tool.
Unfortunately, in the past, there has been very little PRACTICAL
information from astrologers to enable traders to EASILY get
a grip on TIME cycles, let alone include them in a trading plan.
That situation is changing rapidly and the void between
astrologers and traders is being gradually filled, with some
EASY and PRACTICAL methods being offered to traders, in an
effort to improve their market timing.
That gap between astrologers and traders had developed over
centuries, with astrologers providing information from their
interpretive perspective.
This approach gave traders much detail about HOW and WHY
an event would occur, but what the traders really needed was
more details about WHEN an event would occur.
Last June, we had a group of traders and astrologers meet in
Perth and the old approach of market evaluation was quite
evident .... it was as if both groups were speaking in
different languages ... very enlightening.
Old masters, like Gann and the Rothschilds, knew the value of
using astro time cycles in their trading analysis, but much of
its worth was recorded in veiled language or coded messages,
largely to avoid ridicule from within the trading community
and their families.
Today, traders are much more receptive to the idea of using
natural time cycles to assist with better analysis and timing
of our trade entries and exits.
Pioneers, like Manfred Zimmel, will help to improve these
trading strategies and enable traders to include them within
their trading plan, with confidence.
It is naive to think that no progress has been made in this
field of astro cycles since Gann's day. In fact, one of Gann's
coded texts is soon to be unravelled, to reveal some
interesting PRACTICAL help for budding astrotraders .....
....... albeit, 75 years after its first publication.
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Using Metastock charting tools and candlesticks, some
advanced market timing techniques can now be included
in any astrotrading plan.
hope this helps some
yogi
http://easy-trading-tools.00cd.com
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