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Originally Posted by Bogdan
I am a newbie on Forex market but have ten years of astrological experience. Truly to say there is no (at least simple and well-known) correlations between planetary patterns and market behavior. Otherwise it would be much more wealthy people among astrologers.
I never heard of VOC Moon periods influence on prices though this phenomenon is widely used in astrology. You may read more about what VOC Moon is and how it allegedly does affect businesses
here and there. Those services are convenient because you may adjust the time zone to your place of residence.
As to Mercury speed changes, yes they are very often coincide with the major market moves. For example, you may see this graph where the Mercury longitude speed plotted over the DJIA rate (green line). |
Hi Bogdan,
My favourite quote on the subject of financial astrology comes from JP Morgan (I'm sure he didn't die poor...) "Millionnaires don't use astrology, Billionnaires do!". I'm neither (yet) but after reading Larry Pesavento's books, nearly all the Gann books and other authors who wrote about Gann (install emule and you can download them) - if planet conjunctions are used with solid technical analysis (i.e. don't enter trades entirely on astrology) then the results are very good from what I've backtested and recently traded (March and April are going to be interesting). Another author who's written on Gann plus astrology called Patrick Mikula, wrote a book where a computer was used to work out the past planetary conjunctions and these were placed on price charts. Every possible conjunction, over 500 US stocks and most commodities were tested and analysed (a lot of work...) and the results are in his book for which planetary conjunctions are the most reliable for each stock or commodity -it's an in depth statistical work with some truly amazing results.
Mikula's written other excellent books too.
All the Pesavento books are very good also, with three dealing with astrology. The backtesting I've done has been eye opening, that's why i'm really wanting to know how to work out when Mercury changes speed as it relates very directly to forex -
can you help?.
...but... don't believe me as to financial astrology's validity, get the books and do some back testing!
Magpie