My father asked me: Did you learn how the other people do it?
I answered: No its not about that. There is no one way to do it. Then the whole world economy would shut down. But yes i learned a way to do it, how to trade. But its not what any body else is doing. Im applying four or five or six layers of thinking to every chart. And then draw a mean of probability, so that each layer of analysis agrees with a buy or sell position. Each layer of analysis is then worth a certain amount of probability depending on the particular analysis. If say all five layers of analysis agree, then the probability is extreme: 99.9958% to be correct or thereabout in the duration of say 24 hours or so:
Layer 1 : .8 propability = E/U M5 pattern recognition
Layer 2: .7 probability = H1 trend analysis
Margin of error .2 x 0.3 = 0.06
Layer 3: .65 probability = Ema 288 M5 analysis
Margin of error 0.06 x 0.35 = 0.021
Layer 4: .6 probability = Hunch analysis
0.021 x 0.4 = 0.0084
Layer 5: .5 probability = S/R analysis
0.0084 x 0.5 = 0.0042
I answered: No its not about that. There is no one way to do it. Then the whole world economy would shut down. But yes i learned a way to do it, how to trade. But its not what any body else is doing. Im applying four or five or six layers of thinking to every chart. And then draw a mean of probability, so that each layer of analysis agrees with a buy or sell position. Each layer of analysis is then worth a certain amount of probability depending on the particular analysis. If say all five layers of analysis agree, then the probability is extreme: 99.9958% to be correct or thereabout in the duration of say 24 hours or so:
Layer 1 : .8 propability = E/U M5 pattern recognition
Layer 2: .7 probability = H1 trend analysis
Margin of error .2 x 0.3 = 0.06
Layer 3: .65 probability = Ema 288 M5 analysis
Margin of error 0.06 x 0.35 = 0.021
Layer 4: .6 probability = Hunch analysis
0.021 x 0.4 = 0.0084
Layer 5: .5 probability = S/R analysis
0.0084 x 0.5 = 0.0042
My signature is: "Classified".