Source:
Philip Riou
File Description:
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. 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? For now, I hope you find this cycles information as fascinating as I do
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