This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Hi RS .2 ways of looking at it...first just treat time like price and look for a repeating range,50% retracement as you would with price.6 months is 505 retracement of the 12 month range amd 3 months is a repeating range (equal time) second gann said divide the year into fractions and watch for revesals.In practice 3,4,6,8,9 and 12 month cycles from any high or low are important to watch but all 1 month cycles have potential.Best setups come when 2 or more cycles from different tops (or bottoms ) are clustered,like with Jan 27-28 in the Aud which is 3 and 6 mnths from diferent highs.This is explained in "How to make profits in commodities" I think
Thanks for that clear explanation, I'll have to check out Gann's book. So with the AUD and SPX cluster, does that imply that both could potentially be risk off until the end of their 1 month cycles until the end of January?
What's amazing is that the neck line has been broken (from the big H&S) yet everyone wants to focus on every other trend line so they can make their bear case. We are in an uptrend until at least until that neckline is taken out to the downside.
CR, do you mind explaining the significance of the gann time cycles with respect to the current symmetry? Thanks!
ReplyDeleteHi RS .2 ways of looking at it...first just treat time like price and look for a repeating range,50% retracement as you would with price.6 months is 505 retracement of the 12 month range amd 3 months is a repeating range (equal time) second gann said divide the year into fractions and watch for revesals.In practice 3,4,6,8,9 and 12 month cycles from any high or low are important to watch but all 1 month cycles have potential.Best setups come when 2 or more cycles from different tops (or bottoms ) are clustered,like with Jan 27-28 in the Aud which is 3 and 6 mnths from diferent highs.This is explained in "How to make profits in commodities" I think
ReplyDelete505 should read 50%.
ReplyDeleteNice chart, CR.
ReplyDeleteThanks Pebblewriter .I am enjoying your crabs and bats too ! (quite new to me although I know about Gartleys)
ReplyDeleteThanks for that clear explanation, I'll have to check out Gann's book. So with the AUD and SPX cluster, does that imply that both could potentially be risk off until the end of their 1 month cycles until the end of January?
ReplyDeleteJust saw your updated AUD chart, "ask and I shall receive." lol.
ReplyDeleteAs always keep up the great work!
What's amazing is that the neck line has been broken (from the big H&S) yet everyone wants to focus on every other trend line so they can make their bear case. We are in an uptrend until at least until that neckline is taken out to the downside.
ReplyDeleteWell V the lines are clearly drawn here so we just need to be ready.Think the $ wquill be the key
ReplyDeletethanks RS ,appreciated
ReplyDeleteYay!!!
ReplyDelete