BBB, Steve,

A great contribution from two advanced traders.. It is great to see our traders have gone a long way to master the trading game..

We have a long way to go on debate of various issues such as volatility, Trend,time frames, oscillation ,statistical edge,and ...

We will expand on all these and will throw out all the non working abstract junks.. We are traders.. We need to be comfortable with our trades.. We must be confident in doing what we do..

I continue my post:--

During the 60's this guys called Joseph Hemingway started to study the market cycle hoping to capture the secret of market timing .. This was his final research conclusion on cycles

CYCLES do exist in market but the DOMINANT cycle shifts RANDOMLY across different time frames which makes a mathematical calculation of the cycle's amplitude an impossible task.. bad news hey

Lets move on to a better news

Failure of mathematicians to find the solutions resulted in practitioners using historical datas to find an empirical answer for market cycle..

The result was that market goes through 3 , 13 and 39 period.. In another word,, there is a cycle with in cycles with bigger cycle being 39 period ( if you are intra day trader you would have 3 minute , 13 minutes and finally 39 minutes and 3 days,13 days and 39 days for swing traders and so on )

As a result of the above research the technicians started applying the above figure to their indicators hoping they could gauge the top and bottom of the cycle.

TA indicators became very popular and technicians were the diva's of market analysis..

It did not take long for market traders starting to lose money again as the indicators failed to perform .#

Back to square one.. As a result of failure the complete TA went under the questions and all technicians became second class analysts.. This is still the case.

I will continue further .. I will explain how to avoid market cycles and all TA indicators to Trade for $$$