BEANS - Follow up….

Beans have finally broken to the downside as expected BUT were Mars and Jupiter useful it’s for you to decide?

These things make great fodder for Web Pages and Newsletters; Showing things that on the surface look great but as a trader on the coal face it’s a different thing.

If you had gone short on the 31st May , basis the Mars Jupiter conjunction you would either need a stop a minimum 35+ points away from the high or heaven forbid no stop at all ( I would NEVER do this, nor would GANN ) as the market did 2 days down and then 7 trading days up to make a new high.!!

34 3/4 points or around $1750 a contract higher .

The only direct hit from memory was Feb 1951 and Gann never wrote about it. Why?

In the end you decide if you could trade this as a stand alone set up, if you can the next one is around 14 August 2024 !

There is a way to use this information, and I’ll be sharing that at the next workshop.

In the mean time we will keep banging away, with the Mechanical System, where there was another +/- 35 points a contract to be had when the market moved higher AFTER the Mars Jupiter Conjunction.

If you dont have a solid plan maybe we can help - promises of blue sky is great - Profit in the bank is better.

May the GoFR be with you.