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Saturday, December 1, 2012

Q&A

Received a few emails which question both astrology and astrologers.

I think we just need to step back and understand what we are questioning here.
First of all .
Hindu astrology, Chinese astrology or Western astrology are not the same.
One reads what they see and makes a judgement on what they believe will be.
It's very short minded to think that an astrologer will lead you to predicting a market 100% of the time right.
As I have said before you use it to filter your own work not lead.
Even some of you who are good astrologers will realize that our calls don't match.
This is because I use different methods to your own.
So please before you jump up and down,look at what your doing as apposed to what the astrology is saying.
The levels of expertise isn't the same.

Trading isn't for everyone, some have the discipline for it while others have the agression.
While some do question there methods at times when the market isn't going there way.
The biggest decision one needs to take is self assessment.
Sure the technical analysis industry is a thriving business and do charge thousands to learn there methods. Whether its gann or Fibonacci or ABC moves.

Lets get one thing straight I am not discrediting any method used.

But what many new to the market must start to realize is that everyone uses the same method.
Some would look at there charts daily when trading and try to find clues of the next move, which is great.
I know people at investment banks who study charts 12 hours a day minimum, 5 and 6 days a week.
Others are paid hundreds of thousands to be inform about the next move, from charting.

There are algorithms out there which move on crossing moving averages, stochastic, MACD and the list goes on.
But there setting are very diverse.

Example...
There is a program which will sell X amount of contracts into a turn up MACD  just to squeeze out short term players only to buy double after the 4 minutes execution of the sell.within the 15 minute time frame

It's these sorts of programs which are squeezing the retail traders out, by slowly chipping at there bank balance.

This is what you are up against and yes as time goes on its going to become more difficult.
The good thing is that you can take holidays and know that the computer is trading for you.

While yes they have tried to incorporate astrology into an algorithm it has to be put in manually and the chance for error is huge, astrology is never the same,as its always changing.

A Californian firm tried it out and tested it with a 67% drawdown in the first 2 months.

I hope this has answer all your email concerns


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