jaideep said:
I thought prsrivastav mentioned
Bio-rythm in his post but titled his post as Astrology. As far as I know from what little knowledge I have gathered over the last 30+ years is that Bio-rythm is far removed from Astrology. The former has to do with the rythmic biological (wholly internal & medical) cycles of the human body (self-explained name) & the latter has to do with the confluence/conjunction of planets at the time of one's birth & their influence on one's life. So pray, where is the connection & what is all the hullabaloo about?
Correct me someone please, if I am wrong.
Jaideep, those who follow astrology know that Mercury is the ruler of one's intellect, Uranus the ruler of one's intuition and moon controls the emotion of people. And Bio-rhythm is about the rise and ebb of these. In that sense these two are related.
To all those astrology bashers, here is what JP Morgan said, the founder of JP Morgan company "Millionaire's don't use Astrology, Billionaires do"
Astrology in trading is an esoteric subject. The more the number of people who bash it, the more reliable it becomes. Cause in the market money flows from Majority to minority. Having said that, astrology cannot be applied to markets the same way as it is applied to people. If anybody who has never traded before comes to me and tells me that he is going to make money in the financial markets, then I will give them a fair chance of 25% that they will succeed at some point. However if an astrologer tells me the same, then my fair chance rate drops rapidly to below 5%. The reason is that I know very well from experience that most traditional astrological knowledge cannot be applied towards the financial markets. Also most professional consulting astrologers have an ego issue. That means that they try too hard to be right about the financial markets (so that they can prove to their friends that astrology is working), and this necessity to be right just works opposite to their purpose of making money. That means they will hold on to a losing position too long (because they want to be right), while somebody that just trades on his ideas or guts is naturally quicker to recognize when he/she is wrong. Cutting losses (at a predefined point) is the most important rule of successful investing or trading. Another disadvantage most astrologers have is they do not know the financial markets well enough. Clients are usually friendlier than the financial markets and are more willing to forgive a small mistake.
My Sun sign is Virgo. But since Virgo is the 6th sign then I might also say I am a 6. What's your sign? Well people do not like to think of themselves as numbers
However for the purposes of financial astrology such thinking is fine.
If a trader gets to learn astrology and approaches the subject with a neutral and open attitude, he has a good chance of improving his returns significantly. All technical analysis is based on numbers. Numbers that are derived from past price or volume. Technical analysis is completely based on the past. It cannot be based on the future. Financial astrology derives its data from the positions of the planets in the different signs. Such positions can be calculated years in advance. That means financial astrology works with numbers of the future while technical analysis works with numbers of the past.
Ok, Ok! Enough sermon for the day.
