Subject: Praise and a Question
Dear Alex,
I really appreciate what you are doing by providing the information that you do. I thank you sincerely for the service you provide for free.
I just have a question and that is why is it so hard to make even a dime in the markets?
I have studied Gann now for a number of years, developed many charts similar to yours and Gann's, obtained and studied long histories and cycles of different markets, studied astrology in relation to the markets, and have applied all the above to trading while adhering to Gann's rules as much as is humanly possible, yet my account has gone down from 8k three years ago to 3.5k today. My financial condition has worsened along with my trading record. Any wisdom you can impart would be appreciated.
Sincerely,
I believe it is a mindset. Be the Hunter not the Prey. I realized 12 to 15 years ago, daily, weekly monthly charts as well as, technical indicators, Gann squares, Master charts etc. etc. etc... are nothing more then,,, a,,,, basic,,,, screwdriver!! A tool or collection of tools. Can you put together a car with a just a screwdriver?? Of course not. I can honestly say, that I have called 459 market tops and bottoms to the penny and day.... ( 459 is a guess, but it is a bunch) Now the question one needs to ask is, did "I" make any money calling this amazing market calls???? Not a dime; might of lost money on some. A good example was 2004 called the bean top within 4 cents on the day got out of my longs and went short,, I was the hunter not the prey. But the out pooring of news and the shortage of supplies mentally buckled me and I got out of my shorts and went back long on what I thought was a good break.... ERROR... I became the prey. made 65 cents short and lost 97 cents on the longs before I realized my error in judgement. Don't get me wrong, I made a big chunk of change, but the error at the top messed me up,, I didn't sell the market again until the next year...
Again, trading is mindset. Another example is OJ. 4 damaging weather events hurt the OJ supplies, the market went lower,,, HELLO !!! I started watching OJ like a hawk. Watch the news, as the news stories faded, the market gathered strength. Looked a my monthlies and weeklies as well as my Master Charts and other Gann stuff to confirm or deny the move. Everything pointed up, so my mindset was long-term bullish. As the story unfolds March is on its at all-time high, and nothing in the news yet about the high prices,,, lol....
My procedures are this:__ Look at a monthly and /or Weekly charts to see what looks good to me. If so, a look at my Master Calendar to see what dates have some accumulation... (The master calendar is all the dates from the Master Charts, Geo and Helio timings, gravimatrix timeing, historical annuals and 7 years of swing dates, plotted on a calendar) It takes me 10 hours to complete one commodity. I trade about 30 different markets, thats 300 hours to complete, not including any stocks that I might trade. I do not ever enter a market without having done this work!!!! Next I look at the square of nine Master Chart, to see if the market is ripe to pick and so I can become a Hunter.
Anything under $25,000 is to small to long-term trade a market, in my opinion. With your account I would focus on time. Once you have found a good time zone, buy or sell according to the trend and take profits after reaching 135 degrees from the low or high point. Yesterday I sold the silver at 1426 had 11 things coming in on that date on my Master Calendar. I didn't sell the trend short until the intra-day trend broke. got out last night at 135 degrees on the sq of nine chart at 1376... This happen to be a two day trade ( 12 hours actually) but it can take up to a week on slower markets to acheive 135^. I call this scalping with a high rate of confidence. My stop is always in based on the Master Chart sq of nine chart. Once I'm stopped out or profits taken I don't even look at the market until the next big timing comes in.
Why I do this, you may ask?? Because the risk is extremely low and I become a hunter not the prey. Once you get your account built up to full contract margins, meaning if you trade corn, full contract margins are 3.75 x 5000 or $18,750.00 then you can long-term trade that market using the same approach but looking to add on the points were the prey are placing there stops.,, Again, if the time and price is right.
Over the past 25 years I've metemorphized from a buy and hold according to my opinions of the direction of the market,,,, to,,,, JUST MAKING MONEY regardless of my opinion. I've moved to the third demension of trading and that is understanding volume of sales, how much money is made or lost per day, week or trendline break. I try to follow the professional money,, they're the ones that can change or move a market to levels one could not of dreamed. The CFTC numbers are a valuable TOOL,, just a tool...
TIMEOUT
As you can see, I've given one to many seminars,, I will get off the soap box now... Let me know how it goes.
ThanksAlex Andresengann@solarmatrix.comhttp://www.solarmatrix.com
"If you will put in the time to study and practice with this Master Chart using all of the time periods and price levels, you will soon find that it is easy to determine a change in trend from this chart alone..... Prices are governed by time and time causes price to change and the time angles are the resistance to price. These are measured in hours of longitude which are basic geometric angles and determine the changes in trend. By checking over past records you see how accurate this works out."-- WD GANN --
Disclaimer: All comments and posts are for learning purposes only. Don't use this information for your trading. Don't believe the comments or posts as accurate at all. Again this blog or any other site related are for learning purposes only.
