I am skeptical. If your prediction were wrong would you come after 3 years and say you were wrong? I doubt it.
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Predict dollar movement using astrology 48 replies
is it possible to predict breakouts? 17 replies
I can predict moves but then I forget how. Why? 20 replies
random price movement - reasons why your system was wrong 5 replies
GBP/USD daily pip movement vs. EUR/USD daily pip movement 3 replies
DislikedNobody can predict price 100% but there are setups which have high probability.Ignored
DislikedI am skeptical. If your prediction were wrong would you come after 3 years and say you were wrong? I doubt it.Ignored
Disliked{quote} So true..i only started to become profitable after i threw every single indi out.Ignored
Disliked{quote} News and world events do not move price, they are used as excuses to move priceIgnored
Disliked{quote} Exactly. "Predictability" conversations, in trading, tend sometimes to become confused because of a lack of clarity in differentiating between individual and collective predictability. Nobody can confidently predict the outcome or price-direction of an individual trade, but high-probability set-ups make it possible to predict, at least reasonably accurately, the overall outcome of 100 similar trades - and in this sense successful trading is about the analysis of statistics and probability.Ignored
Disliked{quote} Yep, and that's why it takes thousands and thousands of hours to not only just understand how price moves but to also experience the development and progress of these moves through the so-called "news events". Just like this M15 breakdown of Cable for example. Oops sorry, wrong timeframe. It's a Monthly chart, sold to the wider public as the "Credit Crunch". {image}Ignored
DislikedAs stated, you do not need to know how to predict price to be profitable.Ignored
DislikedA question if I may CJ, I like to scalp and from what i have seen you are no stranger to it (lol), would a tick+M1 tango be approchable from you perspective?Ignored
Disliked{quote} I agree. In fact, I agree with everything you've said apart from the fact you're "differing" from me. I suspect you may possibly have taken me as having said something I didn't actually say - certainly nothing in what you've said conflicts with my comments above.Ignored
DislikedThank you for your answer CJ. Good stuff to munch over. I'll study the whole thread before I bother you again with silly questions. Regarding the second chart, I had a small panic attack, looks scary as hell to me (I quickly went to grab a beer to drown it). I guess when you know where it's going you don't sweat for trades like this. {image}Ignored