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95% of the time Price will close above or below the open price

  • #101
  • Feb 1, 2018 4:41am Feb 1, 2018 4:41am
30min
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IF U DONT KNOW DOES NOT MEAN IT DOES NOT EXIST
  • #102
  • Feb 1, 2018 6:40am Feb 1, 2018 6:40am
tgt done as petr 5 min enjoy
IF U DONT KNOW DOES NOT MEAN IT DOES NOT EXIST
  • #103
  • Feb 1, 2018 6:44am Feb 1, 2018 6:44am
1min sell for 1.24405
IF U DONT KNOW DOES NOT MEAN IT DOES NOT EXIST
  • #104
  • Feb 1, 2018 8:27am Feb 1, 2018 8:27am
tgt done super theory ......
IF U DONT KNOW DOES NOT MEAN IT DOES NOT EXIST
  • #105
  • Feb 1, 2018 4:15pm Feb 1, 2018 4:15pm
Quoting strbac
"95% of the time Price will close either above or below the opening price. Less than 5% of the time, Price will close at its opening price. Within this truth lies the pot of gold."
Do you mean the opening price of last closed candle, or the current one that has not closed yet?
  • #106
  • Edited 4:01pm Feb 7, 2018 8:17am | Edited 4:01pm
I think I have found the answer. Price WILL in most cases move to BOTH directions. No one knows how much and which direction that will move most. You can place an order of any direction and you can follow price on shorter TF after entering on daily chart.

in order to understand the first sentence of this topic, one has to study the charts, how the candlesticks move. you can see many of them have wicks/shadows which reveals that price has moved below/above its open price. the market almost always moves to both directions. i guess that would be the "95% of the time". did i solve the mystery?

Perhaps this can be applied to shorter TF but the pip movement would be too small, dont know if it's worth it on shorter TF.

*Edited*

Edit2: i posted on the wrong thread. there was another thread in which some posters didnt want to reveal the secret of the first sentence of this topic. now i see the first post of this topic.
  • #107
  • Feb 26, 2018 2:10am Feb 26, 2018 2:10am
This is how you should trade the markets.

Inserted Video
  • #108
  • Feb 27, 2018 4:12am Feb 27, 2018 4:12am
This is by far the most stupid thread I have ever seen in forexfactory!

95% of the time Price will close either above or below the opening price. Less than 5% of the time, Price will close at its opening price."


yeah sherlock! that's literally the case for all the candles in the market!
we either have a doji (close overlaps the open) or we don't!


now you want to pull out a made up philosophical viewpoint form this meaningless statement? be my guest. but it doesn't make it any less stupid.
  • #109
  • Feb 27, 2018 10:25am Feb 27, 2018 10:25am
Quoting 3litetrader
This is by far the most stupid thread I have ever seen in forexfactory! 95% of the time Price will close either above or below the opening price. Less than 5% of the time, Price will close at its opening price." yeah sherlock! that's literally the case for all the candles in the market! we either have a doji (close overlaps the open) or we don't! now you want to pull out a made up philosophical viewpoint form this meaningless statement? be my guest. but it doesn't make it any less stupid.
Sherlock Holmes was the smart and intelligent Detective.

You're the Stupid Detective that replied "Yeah Sherlock!" or "No shit Sherlock!"
Because you're too stupid to comprehend Sherlock's thought process.

Sherlock said for you to get a haircut.
  • #110
  • Feb 27, 2018 10:43am Feb 27, 2018 10:43am
Quoting CrucialPoint
{quote} Sherlock Holmes was the smart and intelligent Detective. You're the Stupid Detective that replied "Yeah Sherlock!" or "No shit Sherlock!" Because you're too stupid to comprehend Sherlock's thought process. Sherlock said for you to get a haircut.
go ahead and call me an idiot in all caps if that makes you feel better. but I let people judge who is the stupid one here.. me, or the guy who writes an statement like:

"95% of the time Price will close either above or below the opening price. Less than 5% of the time, Price will close at its opening price."

95% of the time above or below, less than 5% on open!!! that doesn't even equal to 100% idiot!!! what happens to the rest of those less than 5%?!! price never closes?! lol

I don't know who is more stupid, you, or me for continuing this stupid ass argument with you! lol
  • #111
  • Feb 27, 2018 11:26am Feb 27, 2018 11:26am
The statement is so clearly true that it seems stupid. After a lot of thinking I personally found it to be quite profound, as it eliminates unnecessary considerations while trading. It reduces the number of things to focus on imho, which is quite useful. Also some simple consequences are useful when designing a strategy.
Cheers,
k
  • #112
  • Feb 27, 2018 11:35am Feb 27, 2018 11:35am
Quoting kprsa
The statement is so clearly true that it seems stupid. After a lot of thinking I personally found it to be quite profound, as it eliminates unnecessary considerations while trading. In other words, it reduces the number of things to focus on imho, which is quite useful. Cheers, k

you see.. this is exactly the problem I have with these types of statements.

to me, what you just said is basically saying "you don't need to understand everything, just keep brushing off everything you can't understand until you get to a place where you feel you can understand something"

I have yet to see a successful trader with that mindset.


I have seen a lot of educators with that mindset tho!




no offense to you is intended in my statement here. I hope you don't take it the wrong way.
all I'm trying to convey here is that if you want success, you have to work for it.
its not going to be easy, but believe me, when you get there, its totally worth the pain.
  • #113
  • Feb 27, 2018 11:55am Feb 27, 2018 11:55am
Quoting CrucialPoint
{quote} Sherlock Holmes was the smart and intelligent Detective. You're the Stupid Detective that replied "Yeah Sherlock!" or "No shit Sherlock!" Because you're too stupid to comprehend Sherlock's thought process. Sherlock said for you to get a haircut.
Can I have a chat with you please CP?
  • #114
  • Feb 27, 2018 12:09pm Feb 27, 2018 12:09pm
Quoting 3litetrader
{quote} "you don't need to understand everything, just keep brushing off everything you can't understand until you get to a place where you feel you can understand something"
As far as I can tell, this is exactly what you do in this thread.
k
  • #115
  • Feb 27, 2018 12:39pm Feb 27, 2018 12:39pm
Quoting kprsa
{quote} As far as I can tell, this is exactly what you do in this thread. k

we have a saying in Iran which goes something like this: "you can woke someone up from sleep, but you won't be able to woke up someone who is pretending to sleep"

I can't help people who don't want to be helped. so I'm going to put this thread on ignore.




good luck to you all. seems like you'll need it.
  • #116
  • Feb 27, 2018 12:49pm Feb 27, 2018 12:49pm
Quoting 3litetrader
{quote} I can't help people who don't want to be helped.
Quoting 3litetrader
This is by far the most stupid thread I have ever seen in forexfactory! 95% of the time Price will close either above or below the opening price. Less than 5% of the time, Price will close at its opening price." yeah sherlock! that's literally the case for all the candles in the market! we either have a doji (close overlaps the open) or we don't! now you want to pull out a made up philosophical viewpoint form this meaningless statement? be my guest. but it doesn't make it any less stupid.
Just so that you know, you appear to have a completely false image of yourself.
(May God help those who receive your “help”.)
Cheers,
k
  • #117
  • Feb 27, 2018 12:59pm Feb 27, 2018 12:59pm
Quoting 3litetrader
we have a saying in Iran....
We have a saying in the West:
We don't give a shit about Iran.

Sorry, my bad... it's a bad joke
  • #118
  • Feb 27, 2018 1:08pm Feb 27, 2018 1:08pm
Quoting CrucialPoint
{quote} We have a saying in the West: We don't give a shit about Iran. Sorry, my bad... it's a bad joke
I figured he understood and was just acting pompous. Then I realized he's using 1000:1 leverage. Sort of a buzzkill when you look at his returns.
"The fun is in the hunt. Not the kill."
  • #119
  • Feb 27, 2018 1:09pm Feb 27, 2018 1:09pm
Quoting CrucialPoint
{quote} We have a saying in the West: We don't give a shit about Iran. Sorry, my bad... it's a bad joke
It's not even a joke, at best it's a childish reaction.
Persistence will get it. Consistency will keep it.
  • #120
  • Feb 27, 2018 1:16pm Feb 27, 2018 1:16pm
Quoting kprsa
{quote} {quote} Just so that you know, you appear to have a completely false image of yourself. (May God help those who receive your “help”.) Cheers, k
don't toss and turn thinking about it at night dude... I just shared my two cents. sorry if that offended your sensibilities.

cheers.
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