Mirror Cycle Update

Here is part 2 of the Mirror Cycle video.  Riveting, I  know!

http://www.screencast.com/t/QLsI7OZzR

I'll be doing a short video soon on dialing down a cycle from the daily to the 5 min. Stay tuned.

Mirror Cycles

One of the concepts I've been trading for a while is that of the mirror cycle.  Many times it's pretty easy to spot where price appears to create a symmetrical pattern where price has a reflection point and there are matching highs and lows.

There are a few software packages that incorporate this concept with an indicator that basically creates a mirror of price projected forward using a closing price line.  I find that method a little messy because there are so many kinks in the line.  A few years ago I created my own indicator that uses a moving average instead of mirrored price to smooth out the line.  This works well although it does introduce lag which is inherent to moving averages in general.  Also, as with all cycle type tools, inversions are an issue to be aware of.

I've created a video that goes over how I use mirror cycles and also show a quick and dirty method to create a mirror cycle forecast and also pickup possible inversion points.  Enjoy!

Mirror Cycle Video

Back to Trading!

I took off most of the last 2 years from trading to focus on finishing up school and dealing with some issues. I pretty much lost the fire and never really gave the idea of getting back to trading any thought.

However, I was talking to a hockey buddy of mine that happens to run his own hedge fund. I really don't ever talk about my trading and hardly if ever talk about my methods outside of a few forums. After talking shop most of the night with my friend I went home and opened up a chart for the first time in about 6 months and right away saw a setup forming on the British Pound.

I've created a couple of videos on that trade and a Euro trade I took at about the same time and how they played out. I apologize for my poor enunciation and narration skills. It wasn't ever my intention to go public with these but hopefully they'll answer a lot of the questions I get emails and messages concerning how I use the techniques and practical usages of market timing. Because some of the lines are feint, you might want to view these in full screen mode.

GBP/USD: GBPUSD_Multiple_Time_Frames_Aug.2011

EUR/USD: EuroTrade