Probability Studies technique

[roshannaidu]

Hi, please can someone direct me to a resource where I can learn about this study or if you use this technique can u please explain to me.

Thanks

ps. I believe it is used to determine the highest probability for market movement in any particular direction.

any 'direction' will be appreciated

 

[westernforce]

Roshan
Probability study is not one specific study of the market moving in a direction. There are lots of different methods out there for trying to predict market direction.
Remember though, there is more to trading than just getting market direction right.
I suggest you start in the beginner section and have a read of some of the good threads there.

Happy learning.

 

[alexander]

Probability theory - Wikipedia, the free encyclopedia

 

[tomorton]

Encyclopedia of Chart Patterns by Thomas N. Bulkowski is a good place to look for guidance. For many popular chart patterns he details their probability of success in each diretion, distance of move, how to trade on a signal failure etc.

 

[Lord Flasheart]

The simplest pattern or average can reap great rewards if a good risk/reward ratio is used.