Food for thinking: I know some very high sophisticated mathematician. Some even worked as Quant-Trader. Their mathematical understanding goes beyond my head, and I think, beyond every others head here. None of them, nevertheless, is able, to pinpoint moves. None of them...... How is that? Over the last weeks I read a lot of stuff here in EURUSD thread. And my impression is, that most people here are under the impression, they are able, or able to learn, pinpointing the moves. I have read comments like 1+1=2 (hi Hatch
), or the...
{quote} I think my point was made very clear. The message is: make your own system, what ever you use for it (Mofus, mids, fibs, pivots, pattern, EW, Murrey Math, PA, FA, etc. etc.). Now the limitations, and know when you are wrong. Trading is a game of probabilities. Period....... Set your money management accordingly. Do not read a lot of probabilities of a move here - and only seldomly find educated guesses, well articulated in an analysis here What is the point of your statement (the red one)?
{quote} There is atleast one system that is always conistently profitable in all market conditions. That system is not abrupt or chaotic but systematic and organized. As it happens in other professions, the professionasl bringing in new knowledge to a paricular discipline seldom try to get to the core of subject field. Many times because they choose to interact with professional of the field that they find easy to communicate with and avoid experts who know all the basics (and the concepts behind the basics) but little or no knowledge of the other...
