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A simple question difficult to answer with (consistency)

  • #21
  • Aug 20, 2018 8:21pm Aug 20, 2018 8:21pm
It is possible to monitor all pairs and determine if next day will be a trend. By "trend," I'm not meaning a long and beautiful trend. I'm meaning just a significant move in one direction. In other words, a good enough trend such as this, is good enough.

The question is, are we able to predict such a move as below screenshot for next day, on day 2, based on information from day 1? I believe so... Let's figure out how to do so consistently.
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Click to Enlarge Name: EURAUDM15.png Size: 23 KB
  • #22
  • Aug 20, 2018 8:27pm Aug 20, 2018 8:27pm
Don't expect every trade to be profitable....try to minimize losses and maximize profits in every trade and you will see consistency!!!
  • #23
  • Aug 20, 2018 8:31pm Aug 20, 2018 8:31pm
Quoting Protector
{quote} Yes but, let's say you're looking at a pair and it is currently ranging sideways on day 1, you won't be sure if it's going to trend on day 2, or trend on day 3, or trend on day 4. By "consistently," I was meaning you would be able to look at the behavior of day 1, and be able to consistently determine with 100% accuracy each time if day 2 would be: (a) unknown, (b) range, (c) trend. Is this possible? I think yes. So let's all put our heads together and figure out how... That's the hope of this thread.
Only a few know ... people say they are 5%

In this business you are only certain of one thing ... itīs how much you can lose in a trade and for this you have to control the risk using stop loss ... and even so itīs not 100%

What a trader needs to know is when a certain behavior (in this case the range period) is formed something will happen next (the breakout) ... when it's going to happen we can not predict exactly, but it's going to happen.

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Need to go ... Cheers
POW!
  • #24
  • Aug 20, 2018 11:59pm Aug 20, 2018 11:59pm
Look dude we cant even predict precisely market movement in the next 1 hour with consistency, so its clever to not even try to predict the next day. I know only one thing, if there is a war, oil prices will climb the mount everest, but thats a different thing. I dont predict, only react.
Necessity knows no law except to conquer
  • #25
  • Last Post: Aug 21, 2018 7:10am Aug 21, 2018 7:10am
Quoting Protector
If you're an intraday trader, whether you use fundamentals or technicals and whether you're looking to trade trend or range next day, please tell how you decide which pair(s) to trade next day. The directional bias does not matter. It also does not matter if you're seeking to identify a trend or range for next day. The only thing that matters is that you're able to identify whichever type of market it will be next day, consistently. Thank you in advance and I hope all of us in this Puzzle Factory can put our heads together and answer this tricky...
I will for sure enter the trade in the currency who stayed the most inside the range when the top trending one is weakening and returning back into accumulation.
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