FOREX FORTUNE TELLER

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TheRumpledOne
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Postby TheRumpledOne » Wed May 06, 2009 6:16 am

PTG:

Can we keep discussions on topic, please?!

This is the FOREX FORTUNE TELLER thread.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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KBJ
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Postby KBJ » Mon Jun 01, 2009 2:38 am

TheRumpledOne wrote:I have proven the entry at the Buy Zone trigger has a higher statistical chance of success than a random entry given a random entry has a 50/50 chance.


People always want to bring up the 'coin toss' as an example. And it's a valid one if used correctly...

Yes, you can toss a coin a zillion times and the odds will always be 50-50 (unless you can get the coin to land on it's edge.)

And with the 'chaos theory' of the markets, the odds appear to be 50-50 that price will go up vs. down, as well.

What people don't look at is that public opinion can't change the coin toss results, but it can certainly change the market. Thus statistics, if used correctly, can help us find entries that have more than a 50/50 chance.

Thanks for your indicators which help us find the statistically probable times and places for making profitable trades.


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