I'm not so sure about price being about probability. Most of the time it tends to rally just after I've sold or fall after I've covered. :P
In terms of the with trend/counter trend system. Possibly, I know a few people who use SnR systems with the trend (go with the trend on pullbacks) with...
Good point but depends on what you consider as proof.
We don't know his trading method exactly so to me its not really proof. You're probably right that he's using lines so that maybe a point for tech analysis however there may be more too it.
If it were just lines, I would tend towards the...
Arbitrage is a term the financial world has used pretty badly to describe a large number of different scenario's.
Arbitrage is technically where you trade and earn a profit without taking any risk.
For example, say Gold is trading in London at $1500 USD but in Amsterdam there are sellers for...
You can't predict y with y and I think thats the main flaw with technical analysis.
The other flaw is people at times think they're predicting y with y, but what they're really doing is taking a bet on volatility (similar to buying a call and put at the same strike).
Take the dochonian system...
This is a great question, the answer is so complex.
These are some of the topics I've been thinking about a lot.
1) By having a tight stop, you concentrate your risk, thus allowing more position and profit, whilst also increasing your probability of a loss. But theoretically, the higher gain...
Forex Forum @ World Wide Invest, Futures & Stock @ World Wide InvestCharting Software
Could anyone recommend any charting software?
I plan to use tradestation or something similar, but while I'm testing a few systems I just need something that can:
1) Display at least daily EOD commodity futures data
2) Display COT data
3) Be able to display indicators based on your...