I've got an idea.......
Anyone who remembers I Love Lucy, the 1950's TV sitcom recalls the madness
that would follow when Lucy would utter those four little words.
Well, here's my idea:
I would like to begin a thread that should focus on Forex Statistics
and how they may be applied to one's trading in everyday use.
Now, I've searched through the archives here at Forex Factory and discovered
a number of threads started on this very subject with the best of intentions.
They included some remarkable contributions by some well respected members, both past and present.
Many of them led nowhere.
Other established threads delved into the subject of statistical trading and probability studies,
later to fizzle out, or just fade away into the archives, likely to remain unseen for ages.
Until now.
I don't wish to make this a repository "dump" for endless streams of numbers and averages,
nor a high level discussion on neural nets, binary analysis, or regression theory.
(WTF did he just say ?)
The idea is simple. Statistics and probabilities have a viable use within the realm of market speculation.
Know the odds. Know if they are favorable for a given situation. Know when to say no.
Also, unlike most active threads currently in circulation here at FF, I would propose
one thing that we don't see as often. Remember, there was mention of other threads,
many of which contain the results of thousands of man-hours of research already performed.
I would encourage the RE-POSTING of those efforts,
with proper credit given of course, here in this thread.
In that way, we will not make waste of the valuable time of many who have already done their homework.
A second chance, if you will, to find value in what was once of value to others and in my opinion,
still remains valuable. Hope you all like stats. I'll expand further as we go along.
Let's get started....
Anyone who remembers I Love Lucy, the 1950's TV sitcom recalls the madness
that would follow when Lucy would utter those four little words.
Well, here's my idea:
I would like to begin a thread that should focus on Forex Statistics
and how they may be applied to one's trading in everyday use.
Now, I've searched through the archives here at Forex Factory and discovered
a number of threads started on this very subject with the best of intentions.
They included some remarkable contributions by some well respected members, both past and present.
Many of them led nowhere.
Other established threads delved into the subject of statistical trading and probability studies,
later to fizzle out, or just fade away into the archives, likely to remain unseen for ages.
Until now.
I don't wish to make this a repository "dump" for endless streams of numbers and averages,
nor a high level discussion on neural nets, binary analysis, or regression theory.
(WTF did he just say ?)
The idea is simple. Statistics and probabilities have a viable use within the realm of market speculation.
Know the odds. Know if they are favorable for a given situation. Know when to say no.
Also, unlike most active threads currently in circulation here at FF, I would propose
one thing that we don't see as often. Remember, there was mention of other threads,
many of which contain the results of thousands of man-hours of research already performed.
I would encourage the RE-POSTING of those efforts,
with proper credit given of course, here in this thread.
In that way, we will not make waste of the valuable time of many who have already done their homework.
A second chance, if you will, to find value in what was once of value to others and in my opinion,
still remains valuable. Hope you all like stats. I'll expand further as we go along.
Let's get started....