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Originally Posted by kamyar
hi
i want to say that my main trading strategy is price patterns and i just trade with them.they are very good nad accurate bythemseleves but when i saw that some of u use the astrological phenomenan to have better enteris according to technical analisis(like patterns)i became interested in this matter.any way i have posted pessavento's book about this and i m reading it.anyway you said u use moon parabolic phases for better trading.i have some question in this matter:
1-from where and how u find the dates of this phenomenan.
2-as far as i got from your post.u use this just for finding sell oppurtunities.am i right?
would clarify this.
thanks for sharing
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hi kamyar.
my advice is the start with the most basic phenomena that you can. the quarter phase of the moon.
perhaps its not as common knowledge as I orginally thought so I will give you my interpretation.
I believe that 2-3 times a month the moon greatly influences the economic behavior of the entire planet. I have observed that when the moon phases from one quadrant to the next there is a consistent pattern of extreme levels reached in the currency markets.
The next phase is a full moon on the 14th. So, starting today, using convential technical analysis I will be looking for a reversal in prices. Now, the critics say that its impossible to apply such simplistic notions and often they are right. but the beauty of following the moon and then tech analysis rather than the other way around is that you are ALWAYS early to the new trend, your never buying from the smart money for me, that's the biggest edge I have ever found.
Now, it is possible that friday was the high on the dollar for the next 7 days. Sometimes this moon phase theory is off but thats ok, if I see a bottom formation today forming on the eur or gbp, i will be a buyer at these levels.
you can find the moon phases for the next 10 years on the web, just do a search