ERG 0.00% 0.9¢ eneco refresh ltd

re:some data on oct6th--210...

  1. 434 Posts.
    re:some data on oct6th--210 http://www.futures-investor.co.uk/market_cycles_and_fibonacci.htm
    Market Cycles and Fibonacci
    The relevance of trading with TIME-cycles alone is far less accurate than forecasting with PRICE. But its relevance will increase if, as the forecasted times approach, price patterns and momentum indicators show signs of reversal. Also, when trading markets like futures and commodities, the capital required to cover risks can be large due to leverage. Therefore, these long-term cycles only provide useful information in a limited capacity.

    I discuss cycles here to illustrate:

    How several long-term cycles have accurately predicted significant market turning points.
    The amazing mathematical "coincidences" I have discovered while searching for an accurate market-timing method.
    You may wish to bare this information in mind if trading long-term markets, such as stocks, possibly options or perhaps long-term index futures where a turning point is possible?

    In the final two parts of this course (19 and 20) I will go through many examples of trading, on different time frames, using all the information shown throughout the course: A kind of "How to put all the information together".

    For now, I hope you find this cycles information as fascinating as I do.


    --------------------------------------------------------------------------------

    Gann and Fibonacci Relationships in the Universe

    Below are some cycles that have been found by scientists and astronomers when studying the universe. Numbers that we have seen through this course (such as numbers that are or are near to Fibonacci numbers, or Gann multiples and fractions, are highlighted).

    Note a tremendous amount of Fibonacci relationships!

    Also, one of Gann’s major techniques for market timing was to use fractions of a circle, specifically into quarters, eighths and thirds, to count the number of days/weeks/months between highs and lows. For example, the circle has 360 degrees, 90 is one quarter, 45 is one eighth. Important numbers to count between highs/lows are therefore 30, 45, 60, 90, 135, (90 + 45), 150, 180, 210, 225, 270, 315, 330 and 360.

    Rounding up one eighth of 90 is 11, two-eighths is 22, three-eighths is 33, 45, 56, 67, 78 and 90. These are other numbers to look out for.
 
watchlist Created with Sketch. Add ERG (ASX) to my watchlist
(20min delay)
Last
0.9¢
Change
0.000(0.00%)
Mkt cap ! $2.451M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 26290 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 96335 1
View Market Depth
Last trade - 16.12pm 06/09/2024 (20 minute delay) ?
ERG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.