End of the week recap... 135 pips based on post 12,158, May 2nd.
Attached Image (click to enlarge)
{quote} EUR/USD completed short term high lil bit later than predicted Now we should be completing short term low after the weekend in 03-05.05.2021. Then we should see upward resume momentum So overall direction is SHORT then LONG: {image} DXY should be also completing weekly HIGH anytime after the weekend: {image} and GBPUSD for confirmation: {image}
Going along nicely. EUR/USD found the bottom in the middle of short term low window. Now we should see only upward bias toward may/june breakthrough, with bigger/smaller retracements.
We should see the top in monday-tuesday period this week. then down (retracement) toward 12-18.05.2021 and strong bullish resume toward the end of the month.
EUR/USD:
USDOLLAR:
GBP/USD:
- Joined May 2014 | Status: From1toMillion | 9,194 Posts | Online Now
Everyone can see the chart, but only a few can actually read it.
{quote} I am expecting 1830 in may/june, I wouldn't long at these levels...GBPUSD is at 4000, USDCHF at 9000...all very important zones and very likely a turning point for the dollar. I am expecting a dollar bull for weeks, maybe months to come, first target 93-95.
, USDOLLAR just entered low window from medium and longterm interval, also in low window from the biggest cycle:
- Joined May 2008 | Status: Gannalist | 1,177 Posts
So I get a lot of questions on how this all works.
I see just by all the trolls we got over the years that there is a lot of misunderstanding about using astro as a guide for our trading decisions.
Gann used the wisdom of the bible and through his studies he discovered some wisdom that was shared regarding cyclical motions of the planets and how these motions influenced the mood of the people on earth.
People buy stock, not planets, but the 'universe' especially our sun, does influence peoples mood. Many studies have been done on this subject and its a scientific fact that sunlight has an influence on our endorphins which enhance our mood and happiness.
Jenssen a man who used to work for Gann wrote about that in his book which I posted here some time ago.
So, like cause like effect. If certain planetary positions can cause a panic then all we need to look for it's cause, look through our chart data for a similar pattern and investigate if this effect had the same cause. Stock patterns repeat.
As an example I have here a picture of the Nasdaq but this example also works on other trading instruments. The picture on the left side (1) is an historic event compared with a more current event in picture (2) on the right.
You can see that price moves in about the same pattern, only at a different value. In these kind of moves it is mostly time that repeats, not price. Price is influenced by other factors such as inflation etc.
So, how to discover these patterns and make an estimate of a future occurrence.
You look for sharp drops in price and compare that with a 'synodic' cycle. This is a cycle between 2 planets e.g., Mars and Venus or Saturn and Venus etc, it could be any planetary combination according to the 7 pointed star as described by Gann in Tunnel Thru the Air, or looking back from 1940, in short "tunnel". https://i.pinimg.com/564x/10/e6/e0/1...254b350b47.jpg this is how planets relate to each other.
Then you look for a same price drop and compare the planetary positions.
Very important is that we are not necessarily looking for aspects, it could be a degree of the zodiac, a sign, or an ingress or long/lat declination etc. but most important a specific relation between the planets.
If you have a synodic cycle, and I suggest to start with Venus-Mars heliocentric, you write down all of the degrees 0-360 and relation between the two.
After one cycle comes the 2nd and you add the degrees starting with 361 - 720, then again 721 - 1080 etc etc. and compare these to the price patterns.
That is how this works, it is proven although not acknowledged.
Price patterns repeat, if you know the right beginning you know the right ending.
I see just by all the trolls we got over the years that there is a lot of misunderstanding about using astro as a guide for our trading decisions.
Gann used the wisdom of the bible and through his studies he discovered some wisdom that was shared regarding cyclical motions of the planets and how these motions influenced the mood of the people on earth.
People buy stock, not planets, but the 'universe' especially our sun, does influence peoples mood. Many studies have been done on this subject and its a scientific fact that sunlight has an influence on our endorphins which enhance our mood and happiness.
Jenssen a man who used to work for Gann wrote about that in his book which I posted here some time ago.
So, like cause like effect. If certain planetary positions can cause a panic then all we need to look for it's cause, look through our chart data for a similar pattern and investigate if this effect had the same cause. Stock patterns repeat.
As an example I have here a picture of the Nasdaq but this example also works on other trading instruments. The picture on the left side (1) is an historic event compared with a more current event in picture (2) on the right.
You can see that price moves in about the same pattern, only at a different value. In these kind of moves it is mostly time that repeats, not price. Price is influenced by other factors such as inflation etc.
So, how to discover these patterns and make an estimate of a future occurrence.
You look for sharp drops in price and compare that with a 'synodic' cycle. This is a cycle between 2 planets e.g., Mars and Venus or Saturn and Venus etc, it could be any planetary combination according to the 7 pointed star as described by Gann in Tunnel Thru the Air, or looking back from 1940, in short "tunnel". https://i.pinimg.com/564x/10/e6/e0/1...254b350b47.jpg this is how planets relate to each other.
Then you look for a same price drop and compare the planetary positions.
Very important is that we are not necessarily looking for aspects, it could be a degree of the zodiac, a sign, or an ingress or long/lat declination etc. but most important a specific relation between the planets.
If you have a synodic cycle, and I suggest to start with Venus-Mars heliocentric, you write down all of the degrees 0-360 and relation between the two.
After one cycle comes the 2nd and you add the degrees starting with 361 - 720, then again 721 - 1080 etc etc. and compare these to the price patterns.
That is how this works, it is proven although not acknowledged.
Price patterns repeat, if you know the right beginning you know the right ending.
- Joined May 2014 | Status: From1toMillion | 9,194 Posts | Online Now
Everyone can see the chart, but only a few can actually read it.