Did you not see this statement Noobs fall prey to the idea that any single trade is successful judged by that one result. Not true, prediction-breath, nooo. It is the net result of a signifigant collection of accurately executed benchmarked setup and trigger combos that determine if the system is operating as shown previously to do during testing. Was it Solomon that said: "Predicting is for paupers. Reacting is for Kangs." You wanna predict and guess, join the carnival, lol.
High probability is predictive lol. If something occurs with 100% frequency you can bet it will occur next.
So does that also invalidate whatever you do since you can’t predict the next price either? As for the rest of it, your question is off the mark and shows what I believe to be an intentional lack of insight to prove your predetermined point. But in effect, you’re implicitly just concluding that surgery is not possible because it cannot be performed with mittens. And that’s because you already have your conclusion and are framing the issue with that conclusion in mind. Did I mention something earlier about your being ham-handed?
(1) no because I’m not testing my strategy here (also I don’t claim to trade intraday charts or use price action) (2) I’m saying the data shows that the people who claim to be able to use intraday price action are actually worse than random coin flips if the experts in price action can’t even average random then it’s indicative that whatever approach their using is impairing their performance.
I see that you didn't get the memo. Watch where you going, look out for that door frame! Ouch! Where'd you go to school? Did you take a statistics 101 class? They must be proud. Never fear, there's always the carnival. This abides... QUOTE="easymon1, post: 5774058, member: 82119"]Did you not see this statement Noobs fall prey to the idea that any single trade is successful judged by that one result. Not true, prediction-breath, nooo. It is the net result of a signifigant collection of accurately executed benchmarked setup and trigger combos that determine if the system is operating as shown previously to do during testing. Was it Solomon that said: "Predicting is for paupers. Reacting is for Kangs." You wanna predict and guess, join the carnival, lol.[/QUOTE]
[ Are you saying that all people claiming "to be able to use intraday price action" actually are able to and can be classified as "experts". Hornswaggle, lol. If this is an indictment of Price Action Trading, please tell us more about that aspect.
[/QUOTE] You’re getting lost in semantics. If you say: “there’s an 80% chance rain will occur” it doesn’t not mean rain will occur at 100% — correct but if you know that there is an 80% chance of rain, you will carry an umbrella. This is the scope of “prediction” I’m talking about — so if you see a setup with an 80% prob of a good outcome, you’ll take it even though you understand the risk of it not occurring.
You’re [/QUOTE] You are off in the weeds and desperate, lol. Redeem this mess with a dose of reality, lol. Read some, it won't kill ya... predictability vs probability https://www.dogpile.com/serp?q=predictability+vs+probability Noobs fall prey to the idea that any single trade is successful judged by that one result. Not true, prediction-breath, nooo. It is the net result of a signifigant collection of accurately executed benchmarked setup and trigger combos that determine if the system is operating as shown previously to do during testing. Was it Solomon that said: "Predicting is for paupers. Reacting is for Kangs." You wanna predict and guess, join the carnival, lol.