the news is before that event, in morning of friday.
Planetary Cycles Trading (EUR/USD)
Hi, PSV. Earika Beanne uses these patterns but there are no 'free' materials on the web for more details. And I am not sure how I can apply it on my MT4 charts. Do you have any experience in using this in your trading? Thanks.
I regret.
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- #2,272
- Edited 5:18am Aug 14, 2010 4:57am | Edited 5:18am
You have to do some homework
They are indeed 2 cycles I am describing, and yes both are Gannian cycles.
1 is 180 degrees earth orbit the other a planetary aspect.
Planetary aspect cycles are important high and lows but don't always coincide with major price highs or lows.
Edit: The 180 degrees is a value from the (regular) Gann sq of 9.
He discribes important angles which correspond with days.
Important angles are 45, 60, 90, 120, 150, 180 degrees and multiples (by 2) there off.
Then, you add a 1 for the days, because everything starts...
I think this is the right thread for this question:
Hi jeremy,
That is how I have it as well.
1.2920 and 1.30 are very strong resistance levels.
1.30 is 180 degrees Gann resistance on SQ9 and coincides with a psychological level of course....
Why 1.2920 ?.......
It is a Gann line. Bit complicated to explain but they occur every 240 pips.[/i]
Attached chart shows a bullish count for EURUSD, I also have a bearish count, but we are close to a cycle line.
I am eying this support confluence right now and am somewhat confident that it might hold. A break would be a entry opportunity as well though. Thats the beauty of sup/res lines, you can trade them either way...
If you look at my twitter you'll see that I did twitter the exact turn date and time from the 1.3330 high. Expecting another cycle date on 8/16/2010 which is Monday. I am not sure if it is a continuation of the downtrend or a reversal. Gann said to "not buck the trend and look for evidence of a reversal" so before I go in I will do just that http://forexforums.dailyfx.com/images/smilies/smile.gif...
I see your S_R is not so accurate as mine, see, hm ... wonder why is that?
- #2,273
- Aug 14, 2010 6:38am Aug 14, 2010 6:38am
- Joined May 2008 | Status: Gannalist | 1,184 Posts
Yes, learning is the process
I think this is the right thread for this question:
Thanks for the answer Wavez, now 360/w-ii and 38,2 "A-C" is broken and closed lower so it smells to the downside BUT we need to retrace some I agree (PERHAPS "a or 1"-finished, "b or 2"-comming) ... ?
I see your S_R is not so accurate as mine, see, hm ... wonder why is that?
The accuracy changes a bit depending on the natal date that you use. I also have some lines that are shifted a bit on purpose.
The support area for eurusd is a confluence of moon, venus and jupiter lines and 180 mercury shift.
The move down from 1.3330 coincided with a Venus 180 Jupiter geo aspect. Monday there is a Jupiter 180 Saturn aspect.
The planets venus, jupiter and saturn are very important for commodities.
Also eurusd is resting on 38.2% major fibo support and a trendline.
