"TIME is the most important factor in determining market movements and by studying the past records of the averages or individual stocks you will be able to prove for yourself that history does repeat and that by knowing the past you can tell the future. … There is a definite relation between TIME and PRICE. … Now, by a study of the TIME PERIODS and TIME CYCLES you will learn why tops and bottoms are found at certain times and why Resistance Levels are so strong at certain times and bottoms and tops hold around them. … The most money is made when fast moves and extreme fluctuations occur at the end of major cycles."

Forcasting by Time Cycles Course

W.D. GANN

Saturday 9 March 2013

March 9,2013 Silver

This is my first post out of EUR/USD market... I started to see same things again and again on EUR/USD and decided to concentrate on new markets. I selected Silver because I wonder geocosmic influences on other markets and Silver price is relatively law to trade for poor people like me :D I like scalping and short term trading. That's why I decided to focus on Moon.



Well...
  • My first cycle is Sun - Moon angle which is originating the Lunar Phases. We are moving through New Moon and this phenomena statistically should bring lower prices.
  • Moon will be in Aries on Monday which is in general bullish bias and topping formation should occur. However when Sun in Pisces Aries rally disappears, even bearish movement occurs.
  • We have Moon 120 Saturn. In my notes this aspect is a relatively strong one to create top and bottoms. This has some potential for reversal.
  • Technically 14 periods RSI on 1h chart above  50 and no oversold situation. Technically not a good situation to short.
It is worth to open short position  if market looks weak after open. Timing target should be Tuesday noon GMT and price target should be around 28.60
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