dbphoenix
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We have 10,000 processors in there that are constantly grinding away looking for signals.
And there's the problem.
We have 10,000 processors in there that are constantly grinding away looking for signals.
I believe that the only and useful strategy that you should follow in Forex Trading is that we need to change our strategy from time to time.
Lets give something useful instead saying something of what people already know. Here is a simple one I call "A Elephant cannot hide its footsteps". No indicators, just pure PA. (The arrow you see has been placed there to highlight this candlestick). Good Luck
https://www.mql5.com/en/charts/6222164/eurusd-m15-oanda-division1
Elephant means large players entering the market. Look at the 2nd bar after the first one labeled, (another larger bar) and another one several bars later. It is evident in this situation scale buying was occurring. "Learn to swim with the Whales"
You're both right. And you're both wrong. A single hindsight bar/candle doesn't suggest anything, much less prove it. Shift the entire chart to the right so that the bar in question lies on the right edge and you may have something to chew on. Otherwise, not so much.
Perhaps, but but doing so you are essentially measuring how price reacted to past events which will not repeat in the same context in future. It would be like walking down the street, looking back and seeing 4 ladies wearing pink, 2 guys wearing blue, and 5 red buses and expecting to see the same thing the following day - possible but unlikely.
Well, again, it's not about predicting the outcome of a particular trade with a hundred percent accuracy but of determining the probability of an outcome based on previous outcomes over a series of trades.
If it helps, substitute "set of behaviors" for "trade". If one could not predict the outcome of a particular set of or series of behaviors with any degree of accuracy, the social sciences would be pretty much up the creek.
This is just my opinion based on my experience and is by no means an attack on the process of trading probabilities. It's a function of preference that's all!