Ive some questions
1 the current average daily range? does it start from ny session,and end with asian session. so say it is 200pips. it means it from the open of ny session could either go minus or plus 200 pips, but in that case 200 plus 200 becomes 400 pip range. So you cut in half, where it can either go up 100 pip or minus 100pip?
. Is there any logic behind this? I think it sounds a bit stupid. I mean,of course, if it has dropped 180 pips, of course there will be tp taking, and a bit ranging,and people may believe it may be a bit oversold i dont need daily average range for this?. But if therei are new news coming up, this wont stop the price from dropping further, i promise. Or if people,companies buy less and sell more, it will drop even though...i dont think companies,industries look at daily average range lol.. Though i think it is an interesting concept, so i want to be proven wrong.
2 there is a website saying there is statistics on candelsticsk, where certain candlestic patterns have 80% accuracy. Lol is this true. Someone who can confirm this?
3 Someone on this forum said eurusd trends 30% of the time. Really, are there any research on this, to validate this? Ok, so how could you use this. Maybe like this:
you should buy low,and sell high, where tp is bigger than sl,l,because you will be right 70% of the time and you have tight sl to shield yourself from the 30% trending moves. pls elaborate on this.
So on this thread, you post all the statistics you know about currencies. Maybe like 95% of traders lose moeny..etc.
one thing i promise. Almost all traders blow up their account. Because they pick bottoms and tops, with fast tp and big sl. Just reverse this
and you have a profitable system 
thats what i do,but with some twists, and i do great ^^
1 the current average daily range? does it start from ny session,and end with asian session. so say it is 200pips. it means it from the open of ny session could either go minus or plus 200 pips, but in that case 200 plus 200 becomes 400 pip range. So you cut in half, where it can either go up 100 pip or minus 100pip?
. Is there any logic behind this? I think it sounds a bit stupid. I mean,of course, if it has dropped 180 pips, of course there will be tp taking, and a bit ranging,and people may believe it may be a bit oversold i dont need daily average range for this?. But if therei are new news coming up, this wont stop the price from dropping further, i promise. Or if people,companies buy less and sell more, it will drop even though...i dont think companies,industries look at daily average range lol.. Though i think it is an interesting concept, so i want to be proven wrong.
2 there is a website saying there is statistics on candelsticsk, where certain candlestic patterns have 80% accuracy. Lol is this true. Someone who can confirm this?
3 Someone on this forum said eurusd trends 30% of the time. Really, are there any research on this, to validate this? Ok, so how could you use this. Maybe like this:
you should buy low,and sell high, where tp is bigger than sl,l,because you will be right 70% of the time and you have tight sl to shield yourself from the 30% trending moves. pls elaborate on this.
So on this thread, you post all the statistics you know about currencies. Maybe like 95% of traders lose moeny..etc.
one thing i promise. Almost all traders blow up their account. Because they pick bottoms and tops, with fast tp and big sl. Just reverse this
and you have a profitable system thats what i do,but with some twists, and i do great ^^
