Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.
Saturday, August 25, 2018
August update - aug 27
2 cycles ready to turn down, but longer cycle up still. see for your self :
Good luck traders
RSI indicator warning of top and turn down soon (over 60)
I appreciate the posting but it is totally useless. As you can see the red cycle is very long TF and nobody knows its power and the power of the lower cycles and influence of short cycles on ling cycles. RSI can stay overbought. Tell us what exactly we should conclude from this?
If you find information useless then I suggest you find indicators in which you have confidence. I have illustrated several indicators developed by technicians who are more adept at market analysis than I am.
As you said, there is no holy grail. But do you make clear entry/exit decisions on this chart? I prefer the traditional ones you used to show every week, that was the reason I visit your blog, I can see the other charts everywhere. And many times you were very correct with those cycle charts!! With all respect. I work with combination dual ma and cci mostly.
I will try and post circle cycle charts (I have an affinity for them, but look at other indicators to try and validate those charts. I always found RSI helpful for validation)).
I appreciate the posting but it is totally useless. As you can see the red cycle is very long TF and nobody knows its power and the power of the lower cycles and influence of short cycles on ling cycles. RSI can stay overbought. Tell us what exactly we should conclude from this?
ReplyDeleteIf you find information useless then I suggest you find indicators in which you have confidence. I have illustrated several indicators developed by technicians who are more adept at market analysis than I am.
ReplyDeleteAs you said, there is no holy grail. But do you make clear entry/exit decisions on this chart? I prefer the traditional ones you used to show every week, that was the reason I visit your blog, I can see the other charts everywhere. And many times you were very correct with those cycle charts!! With all respect. I work with combination dual ma and cci mostly.
ReplyDeleteI will try and post circle cycle charts (I have an affinity for them, but look at other indicators to try and validate those charts. I always found RSI helpful for validation)).
ReplyDeleteYes good idea to combine different methods & charts.
ReplyDeleteThnx!