Discussion in 'Trading' started by Landis82, Jun 14, 2007.
You might like to read "Paradigm". Although it is fiction, it uses the (noble prize nominated) author's theory that gravitational cycles predict market turns. In the back he has a yearly table, stating it has never missed a year in all of history.
Unfortunately, the first yr it was published (2006) it got the wrong answer of two.
It was a great read, though.
I use a few non conventional tools as confirmation/timing but the Bradley isn't one of them.
If it works for you...great.
Granted, there's a certain amount of merit to many of the esoteric methods. I think many are brute force and are only part of the equation. Sometimes works and other times...no. It's out of focus. Which once again leads me to believe mainstream esoteric, if you will, is only part of the equation. What is the underlying cause of human emotion and collective actions? How can this be predicted in a focused, consistant manner?
Most traders/investors have heard of Gann. I do believe he was onto something but once again, his methods were quite complicated but pardon my opinion...crude. Square of 9...a brute force shell. I think Gann plateaued, ran out of time and simply became a vendor.
I don't think you need these methods to make money in the market. It's all up to you.
I still research some of these methods because like I said, there is something there and I find the topics interesting.
If you have the time and are an experienced trader/investor then I would recommend the study of esoteric alternatives.
In my opinion it's an exercise in futility for the novice and a road to squandered time and money.
It's not a short cut by any stretch of the imagination.
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