I'm not a probabilities genius by any stretch . . . and I don't play one on t.v., but Talon knows his stuff and I wouldn't give this junk a second thought without following his recommendation to debunk/prove any perceived edge. Some time ago, I built my own probability model to better understand what actual results might be for three of my strategies with very quantifiable results . . . it's was very eye-opening to say the least. I could have a string of losses much higher than I realized. It's no different than assuming that 50% of the time a coin will land on heads. No, it won't. Well, not unless you flip it more times than I care to. If there are 25,000 occurrences with this heat map and there are 360 outcomes, doesn't that mean that each outcome had 70 measurable inputs? Flip a coin 70 times (http://nlvm.usu.edu/en/nav/frames_asid_305_g_3_t_5.html) and you get near the same random results that are in the heat map . . . heat map is suspectedly more "weighted" given the up-bias of the market. Random is random. Cause and effect are not known. But there are still predictable behaviours within the randomness. Keep trading. J. Scott
lol! I used it with my studies. Been working great so far. I don't go day by day though. I look for a string and then trade based on that. I'm using it (very well so far) combined with a few other things of course. It's a good supplement.
I'm not able to download the heatmap, it looks like it was somehow removed from ET. does anyone have it on their PC? Can u PM me and send it to me please
Dude, seriously? OK, first of all the link clearly says it goes to imageshack, a crappy image storage site that has nothing to do with ET. So ET did not remove the image. Second, do you really think some heatmap from 4.5 years ago is going to help your trading?
lol... Unfortunately Imageshack has a different Image there, and not the one of the headmap! The concept of the heat map is quite interesting, it might come in handy!