Trading the Moon

As per prior post intraday hourly overbought but bias is up - worked a treat. Sweet pullback and run up.

Now is the test and a no brainer position trade. Take the short but go long if there's a breakout up.

If you use a much shorter timeframe you can catch all the moves.

enjoy!

 

No, the moon is a woman. Her name is Luna. Those who trade by her charms do so on the basis of her smallest movements. These movements are referred to as lunaticks. For identification and differentiation purposes, those who trade lunaticks are referred to as lunatics. Look it up.

 

Thunderdog, it gets worse - I'm Irish!

 

this supposed correlation has been tested extensively---here is an article regarding same:

http://www.dailyspeculations.com/prof/moongazing.html

if there is a correlation, its minor and non-tradeable per the study.


Regards,

Surf

 

Have to tell you Surf, my guys are smarter, use more and bigger words and this makes money.

No brainer short worked a treat too.

 

ok, thanks for the study. we will have a look.


surf

 

Upward bias proved correct

Map has changed (updated)

 

Update - minimum upside projections are satisfied on the daily. See charts.

 

I think CPI is friday. CPI/PPI has moved the markets the last 3-4 times, and made some sort of pivots.

 

Tyren, I'd use those for intraday trading rather than for position trading.

Anyway, lunar reversal has been a beauty.