Brian J. Millard, a scientist from Bramhall Cheshire England, writes what he views is the 5 main concepts of J.M. Hurst's work on cycles in the markets.
1. Maximum profits are obtained from shorter trades.
2. Some 23% of price motion is based on cyclic movements in nature.
3. These cycles are additive.
4. The cycles can be seen clearly if envelopes are constructed around the price movement.
5. The ideal buying point is when several such cyclic components are
reaching their low points.
--
Regards,
Rick J. Ratchford
===============================================================
FUTURES TRADING MEMBERSHIP
"Specializing in Futures/Commodities Forecasts and Trader Skills
Development"
http://fsoftpublishing.com ===============================================================
NOTE: "In an effort to avoid contributing to a negative newsgroup
environment and to not give weight to accusations of any kind, derogatory/negative/malicious statements directed at my person will not be responded to."
On Friday, August 4, 2000 at 2:00:00 AM UTC-5, dkomo wrote:
"Rick J. Ratchford" wrote:
Brian J. Millard, a scientist from Bramhall Cheshire England, writes
what he
views is the 5 main concepts of J.M. Hurst's work on cycles in the
markets.
1. Maximum profits are obtained from shorter trades.
2. Some 23% of price motion is based on cyclic movements in nature.
3. These cycles are additive.
4. The cycles can be seen clearly if envelopes are constructed around
the
price movement.
5. The ideal buying point is when several such cyclic components are
reaching their low points.
--
hehehe. A trained monkey can find cycles in a batch of historical
prices. As any student of Fourier analysis knows, *any* data series,
even a random one, can be decomposed into cyclic components. Cycle
enthusiasts have attacked markets with everything from Fourier and
wavelet transforms to freehand drawings of "envelopes."
But when you try to project these cycles forward with enough accuracy
to trade profitably, that's when your heartaches begin, as I'm sure
you've already discovered. If you could trade profitably with this
stuff, why would you be running a dumbass web site and spamming this
newsgroup?
Has Mr. Brian J. Millard made money trading cycles? Have you? Did
W.D. Gann or J.M. Hurst die rich? W.D. Gann left his heirs nothing
but a decrepit frame house and a pile of debts.
Try again. Good luck. Maybe on the next cycle...
--dkomo@cris.com
Regards,
Rick J. Ratchford
Sysop: | Keyop |
---|---|
Location: | Huddersfield, West Yorkshire, UK |
Users: | 403 |
Nodes: | 16 (0 / 16) |
Uptime: | 69:30:48 |
Calls: | 8,423 |
Calls today: | 4 |
Files: | 13,175 |
Messages: | 5,905,367 |