Hello traders
It is my first thread here and i'm interested in statistics however its not my main study . But let's think simply any price has certain probability to go to any price above it or below it . Some people said that any price has the same probability to go from any price up or down for the same distance but i think that is wrong because market movement is not separate . It is related to each other so we will get the probability for any price to go or down for certain distance by studying the history of this price . You can see that on EURNZD M5 chart when price touched 1.6140 it went 3 times to 1.6175 and one time to 1.61050 for the last 2 days and when price was 1.6140 today it went directly to 1.6175 .
It is my first thread here and i'm interested in statistics however its not my main study . But let's think simply any price has certain probability to go to any price above it or below it . Some people said that any price has the same probability to go from any price up or down for the same distance but i think that is wrong because market movement is not separate . It is related to each other so we will get the probability for any price to go or down for certain distance by studying the history of this price . You can see that on EURNZD M5 chart when price touched 1.6140 it went 3 times to 1.6175 and one time to 1.61050 for the last 2 days and when price was 1.6140 today it went directly to 1.6175 .
DON'T GIVE UP