Disliked{quote} No one has ever said that the movement of a planet directly influences price action on Earth... rather the movements can be correlated to changes in price action in an evidence based way... If price tends to go down after a certain astrological event 10 times out of the last 11 then one begins to look for trend changes at the next occurrence of that event. Lots of back testing is required.... even then, one must first use regular technical indicators to make a decision about entering or exiting a market. The regular occurrence of price movement...Ignored
Thanks for that explanation. That would be the type of statistical correlation that traders do look for - observation of astrological event that is linked to the observation of a particular subsequent price movement in a market, with a probability that is greater than random. That's great, it's exactly equivalent to observing a chart pattern or an out-of-consensus economic number predicting price move better than randomly. If true, it is the basis for a trading edge and developing a method to exploit it.
The key question is, is it really true? Can anyone demonstrate that an astrological event is a reliable - and reliable only means it has to be better than random in a large sample, nothing like 10 out of 11 - precursor to a price movement in a market?
I have never seen any such evidence presented. If anyone can show that, I'm as happy to use any astrological/planetary event as a trading guide as I am to use chart patterns or economic numbers or anything else. I try not to have preconceived ideas but I do need some evidence. Is there any?