FWIW i thought i would add to this topic as i enjoy using cycles
as well. i use cycles as one of my TA tools and see them as that,
they add to the analysis, and at times are more useful than others.
early in my education i thought they may be the holy grail, now i
know that does not exist.
the easy way to describe then for the unitiated is as support
and resistance lines only in time instead of price. so i treat them
exactly as you would a suppport line or a trend line. if
there is a particular cycle date coming up, you watch, it may have
an effect or price may crash right through it. Just like a trend
line if previous dates in a particular cycle have had an effect the
stronger it is, (the more touches on a trendline, the more
important). There are many different brands of cycles, i like Gann
ones, but funnily enough the more i learn of them the more they all
have in common with each other. Gann and elliot/fibonacci are so
similar sometimes you think they were all in the same coffee shop
one morning. hurst has variations but comes back to the same thing,
i see matt and steve write about "symmetry" in the market, and that
chart of matt's with the big circle, all the same thing really.
but anyway, i am sitting and watching several cycles at present.
there was a minor gann one for monday 4th, next fractal july 3rd,
but the really interesting one is a 5 year cycle next due early
october, chart attached (i hope). the chart is as far back as i
could get with any detail but this 5 year cycle has been marking
highs and lows since at least 1982 including some major ones. so on
the basis that it has been hitting 100% for at least 30 years i am
keen to see what october brings.
in my opinion mondays low was not "it" for the year
fruit box additions
One other item to consider in the tool box...
Posted by morgan8 on 7th of Jun 2012 at 04:49 am
FWIW i thought i would add to this topic as i enjoy using cycles as well. i use cycles as one of my TA tools and see them as that, they add to the analysis, and at times are more useful than others. early in my education i thought they may be the holy grail, now i know that does not exist.
the easy way to describe then for the unitiated is as support and resistance lines only in time instead of price. so i treat them exactly as you would a suppport line or a trend line. if there is a particular cycle date coming up, you watch, it may have an effect or price may crash right through it. Just like a trend line if previous dates in a particular cycle have had an effect the stronger it is, (the more touches on a trendline, the more important). There are many different brands of cycles, i like Gann ones, but funnily enough the more i learn of them the more they all have in common with each other. Gann and elliot/fibonacci are so similar sometimes you think they were all in the same coffee shop one morning. hurst has variations but comes back to the same thing, i see matt and steve write about "symmetry" in the market, and that chart of matt's with the big circle, all the same thing really.
but anyway, i am sitting and watching several cycles at present. there was a minor gann one for monday 4th, next fractal july 3rd, but the really interesting one is a 5 year cycle next due early october, chart attached (i hope). the chart is as far back as i could get with any detail but this 5 year cycle has been marking highs and lows since at least 1982 including some major ones. so on the basis that it has been hitting 100% for at least 30 years i am keen to see what october brings.
in my opinion mondays low was not "it" for the year
agree
Posted by law666 on 7th of Jun 2012 at 08:51 am
my cycles are in both time and price however squaring price and adj for error allows
you to see how that quadratic equation works
in the depression treasuries were also used as currency in Germany
not much different today in europe really ...getting close