What happens when cycles appear to fail ?
I never hide from things that fail.
Im writing as Friday 16th trade has closed, and obviously we have traded past the June 5 date.
Whilst I am not expecting a major pivot here just a reaction, these things are interesting to watch.
At major pivots or turns I am very interested because I need to manage investment positions as well as day to day trades.
If you are wed to a turn like June 5 you are likely to be sorely disappointed - GANN would have, and I have, lost no money here, in fact you made money following the mechanical trading system.
In any case what happens now?
Gann provided a number of curves for his clients as do I. He would monitor them and update his view, in his supply and demand letter or by telegram or letter as the market unfolded.
The 60 year cycle has been the prominent cycle for some time but they change, and our subscribers and workshop attendees have been aware I believed the cycle would change again this year.
Why do I say this ? Because I know where we are in the bigger cycle as do they.
The question is this : Are we due for a reaction here? and Is it of any benefit to us?
In any case what would GANN do now? He would be looking, as I have been, at the next closest fit curve.
In in 2023 the next 2 most likley cycles which our workshop attendees have, have tops on 17 June and 22 June .
An interesting time. there is much happening around this period.
GANN traders will recognise these types of things: Saturn goes retrograde on the 18th, we also have a new moon , we are 168 days from the start of the year ….. the 22 is the Seasonal date. W behave one of GANNS key trading rules play
There is much more … it goes on and on.
So it would not be unreasonable, but not guaranteed, something , a reaction may happen here.
The thing is we continue to trade the mechanical system, watching the key inflection dates in the additional curves until we settle into one in particular.
You can calculate these curves years in advance if you wish. Gann tells us how to.
As a day to day trader I dont really care, as an investor im very interested when we get to the end of the cycle.
So stay alert keep your eye on the ball and stick to your plan.
May the GoFR be with you.
Forecasting UPDATE - Will the 60 year cycle hold ?
As it’s Gann’s birthday on the 6th of June, tomorrow, and 5th June 1963 was a tradable high, I thought I’d review the 60 Cycle forecast at this point in time.
The chart will say it all, and the proof will be in the pudding after the fact. But we have been following the 60 year cycle for some time now with uncanny accuracy.
This won’t go on like this, the cycle will change but right now its been a very good roadmap.
Gann told us in plain English how to do these things, and our subscribers and workshop attendees have had this information months, in fact years in advance - perhaps it’s useful perhaps not but its certainly been a great guide for those looking to take longer term positions.
My previous post looked at the October low in 2022 and the run out of there.
Recently the market has been running a few days ahead of the forecast, now it appears we have been killing time to catch up - Today is the day 5th June, lets see what happens - But a 30-45 day run into July is certainly possible here and would confirm this cycle is still alive and well..
Sometimes this things work out to the day, sometimes within a few days but the overall pattern remains intact. In the hands of a trader wth a strong system this kind of roadmap is like bars of gold in the basement.
The question is : Do you have a plan to take advantage of this information?
Please remember nothing in this blog constitutes trading advice. They are simply market observations.
For those of us with a plan we simply keep banging away, but I’m sure you will agree it’s fascinating stuff.
If you don’t have a solid plan or just want to know more about GANN and how he did this maybe we can help.
Promises of blue sky are great - Profit in the bank is better.
May the GoFR be with you.