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I have subscribed to various astrological services for almost the entire
span of my trading career (13+ years). I still do.
However, the preceding post COMPLETELY misses the point; does it help in
trading? My answer is that it may, but under a certain set of
circumstances, and it may not help at all. Yes, one can skew this to say
that the same can be said of medicine, meteorology, and psychology, but
again that misses the point. I concede (my belief anyway) that astrology
affects human behavior and therefore the markets. Trying to give it
credibility in a negative way by discrediting generally accepted
disciplines is at best disingenuous.
First, the circumstance under which it will absolutely not work. It will
not work for people who do not already know how to trade. Astrology is not
a method of trading. I repeat, ASTROLOGY IS NOT A METHOD OF TRADING. If
one does not have a clue as to entry and exit techniques and money
management, short of receiving tomorrow's Wall Street Journal today,
nothing will help (and even that may not). LEARN TO TRADE!!!
I have found it helpful to know when there are major planetary
configurations that might imply volatility. This, to me, has proven to be
far more effective than attempting to use it to predict a major top or
bottom in some market, though I have seen that happen often enough that I
am on alert around those times and watching my other indicators and ready
with my entry/exit techniques to act. In other words, astrology can be very
useful as a piece of an analytical pie.
This subject touches once again on the recurring theme of the Holy Grail.
There isn't one. If there were, no one would sell it and you wouldn't know
about it. So there, give it up!
I suggest you subscribe to one or two astro based letters for a year. It
should not cost more that $500.00 total. Follow what they say and pay
attention to the key times that are highlighted. If you already know how to
trade it may be helpful. If you don't know how to trade then LEARN TO
TRADE!!!
In summary, I have found astrology to have validity and be highly useful in
my trading. However, if you do not know how to trade, or you are a
beginner, used alone it will be as useless as any other indicator often
initially fixated upon by novices such as stochastic, rsi, etc., etc.
Regards,
Tom Alexander
----------
> From: charles meyer <chmeyer@xxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: Astrology Isn't Used to Trade, Period.
> Date: Wednesday, September 16, 1998 4:54 PM
>
> Hi Norm:
>
> Glad to see I prodded a response. You wrote:
>
> > NW: The argument that everyone must use the exact same methodology and
> arrive
> > at the exactsame interpretation certainly eliminates disciplines as
> Medicine,
> > Meteorology, and Psychology as being anywhere close to being
scientific.
> So,
> > if the practitioners of these disciplines are willing to concede that
> their
> > field has little basis in science, then perhaps the Astrologers will do
> the
> > same.
>
> Your points of accuracy are will taken......
> >
> > > Think about it. There are many types of astrological systems,
methods
> > > for constructing charts, house systems, etc. How could there, then,
be
> > > any ground for a common interpretation?
> >
> > NW: Think about it. There are many types of mathematical systems,
> methods,
> > for so many disciplines. And everyone knows that the best way to lie is
> by
> > using numbers.
> > How could there be any grounds for a common interpretation or any
> validity to
> > mathematics? <G>
>
> Doesn't this beg the question on the issue of what Astrology purports to
> deliver: TIMING. The future positions and movements of the planets can
be
> calculated with mathmatical exactitude; providing compelling arguments to
> the cycle shortcomings which have a fixed periodicity.
> >
> > > I think that a lot of what goes on
> > > with the cause and effect aspect of financial astrology can be best
ex-
> > > plained by the same phenomena that explains the Super Bowl indicator.
> >
> > NW: Like it or not, very few forecasting indicators have a better
track
> record
> > than does the Super Bowl indicator. As a trader, I really don't care
why
> it
> > works, only that it does work.It is not for me to wonder why, but only
to
> sell
> > or buy.
>
> I thought you used financial astrology?
> >
> > > Apart from the fact that I have not seen any model logic which
explains
> why
> > > this should work, it is a case of coincidental back fitting. That is
> to
> > > say,
> > > this was simply one event that the law of large numbers thrust to the
> > > spotlight as being associated with overall movements in the stock
> market.
> > > Now, think about the dynamic backdrop of astro phenomena always in
> motion.
> > > In the same manner, one is bound to find something that appears to be
> > > causal; if you look hard enough.
> >
> > NW: Can you explain why and how Gravity works or is this just back
> fitting
> > too so it does not really exist? I love these snappy generic "tv
> dinner"
> > arguments. They are fast, convenient, and can be applied to just about
> > anything. Unfortunately, they seldom provide much in the way of
> nourishing
> > truth.
>
> No I can't prove it but I'm not going to jump off a building. I believe
> that's
> called empiricism. <G>
>
> Regards,
> Charles
>
>
>
>
>
>
> I believe
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