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PJLaird wrote:
> Hello RealTraders:
>
> I spend a fair amount of time looking for "time" relationships of turning
> points, with a view to finding reliable expectations of market turns.
>
> Attached is a Fibonacci projection of several "turning points". For the
> benefit of "non Nature's Pulse" folks, the math gets quite involved, but the
> upshot of the whole thing is that past turning points are compared to other
> past turning points. The distance between these turns is multiplied by several
> Fibonacci variables and a projection results. When the product of numerous
> "hits" land on the same future date, there is a pretty good chance of some
> kind of a change in market behavior. If a "hit" is correct it is added to the
> list of dates, and you end up with additional projections
>
> I've added white "connector lines" for ease of analysis. I can't begin to
> explain why it works, but it does. Future dates are noted. I'll leave the
> discovery of the direction the market will take on the noted days up to you.
> This study won't help with direction. You need something else for that. Some
> of the days are not trading days because "calendar days" are used in the
> study. Expect the effect, if any, to appear on the next trading day.
>
> Not every cluster of hits is a worthwhile tradable hit. Much of it depends on
> your own trading style, long or short term, and there is the occasional dud,
> but it is fascinating stuff.
>
> PJLaird
>
Greetings PJLaird:
One of the ways for the determination of market direction I find useful is the use simple trendlines and patterns recognitions
in conjunction with the use of 'Time' studies. Also, Elliott wave counts are also a 'good partner' with 'Time' Studies.
Regards.
Have a good one
Jeff Harteam
Hong Kong
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