patriotstef wrote:Well yes it does help, and I do thank everyone here for the dedication. I guess for a beginner (yes, such as me), the best way to look at the market is to assume that you are gambling at a casino where the house edge is actually in your favor since the "roulette wheel" has a flaw in it - yet the casino is perfectly fine with the wheel nonetheless.
Years ago, I had a formula based entirely on probablility so that I could hopefully win at Caribbean Stud Poker on the internet casinos. I was using martingales, stops, etc. It didn't work since the house edge in that game was considerable.
Now that I'm getting into this market, the odds are not random per se... and I thus wonder if using support/resistance/fibos/etc. would do well in showing me where MY "house edge" so to speak gives me the fullest advantage.
I actually studied gambling for several years...I am not proud of it
I was tempted recently to try Drain The Banks on a Blackjack table (so I purchased the latest version of Hoyle Casino
$10 table: stake size is $500
$250 for small bets, DD, & splits
$250 for large bets.
Bet $10 until you are down by at least $50 or until you make $250 (at which time you leave).
Once down $50 continue with small bets until you gain back 4 bets from your lowest total or are down $250.
Once 4 bets up from the low push the other money aside and bet $50 until you lose $250 or make $1,250.
If there is money left in the other pile for double downs and splits then use it and if not then just hit or stand.
If you caught to low then the future results will trend upwards eventually consolidating above the low (hopefully reaching your +25 win goal).
The only way to beat a negative expectation is through positive luck