I am looking for a ebook, a website, video, forum anything or any info about market cycles.
I am very interested of this as I have read that the market tends to act cyclically so I would love to have som info about this.
But, I want the info to be very explainin… I.e not just be conspiracy like ‘the market is cyclical, if you bought then you would have made $5mil… Now buy my CD’.
More of a explaining part… Maybe there is a thread on this forum? Or any other forum?
Anyway what I was looking for was more of Gann’s things and others I maybe haven’t heard about…
Thanks for the reply but I don’t see Elliott waves as cyclical… I don’t mean trending/consolidating markets but [B]astrology[/B]-connected [B]market cycles.[/B]
But I’ll definitely take a look at this! Thanks man
Wells Wilder published a system called the delta phenomena where he used astronomy planets moon etc. to find cycles in the prices… it’s nonsense of course but you can look it up on google…
I’ll bet even Dale is wondering what the heck Wilder was thinking.
Back when I was young and stupid I bought the book. It’s packed away somewhere, if anyone want’s it I could dig it up.
it could be argued that humans like some other animals have some kind of daily / monthly rhythm. and that people tend to get a little crazy around the full moon. And the market is moved by psychological forces so there could be a link… but I just don’t buy it.
in metatrader…open up a gbp/usd chart 15minute then zoom way out and have it show the volume lines at the bottom. Does price do anything at certain times of day? To me it looks like a cycliclal pattern based on time of day but maybe not reliable enough to trade it. But the brain is good at seeing patterns that aren’t really there so take a look and tell me if you see anything?
if you don’t have metatrader then you may be able to do the same thing on other platforms, I havn’t tried.
As for the Delta Phenomena it looks good in hindsight but I think it would be hard to do realtime and at certain times the so called pattern just reverses for no apparent reason. Maybe someone can trade it but not me.