can price action predict market moves

Discussion in 'Trading' started by geth03, Mar 24, 2021.

  1. speedo

    speedo

    We should all be continually learning Mickey, we're either going forward or we're going backwards.
     
    #51     Mar 28, 2021
    themickey likes this.
  2. themickey

    themickey

    Ya but learning exposes our ignorance.
    We start off feeling invincible and end up feeling fragile, minnows in a Amazon swamp of piranhas.
     
    #52     Mar 28, 2021
  3. speedo

    speedo

    :D
     
    #53     Mar 28, 2021
  4. volpri

    volpri

    Well BF Skinner an American Psychologist, shortly before his death from Leukemia said ″I will be dead in a few months,″ Skinner said with a laugh. ″But it hasn’t given me the slightest anxiety or worry or anything; I always knew I was going to die.″

    Ever since August 18, 1990 he now knows whether he was right or wrong.

    He also believed “free will” was an illusion. He believed we can’t make decisions. Events make decisions for us.

    So.......do we make decisions about the market or do the markets make decisions for us?

    As concerns trading, I always knew I could win. But I always knew I could lose.

    As concerns the slightest anxiety or worry in trading........winning/losing .....well ....well...not easy....not easy.....
     
    #54     Mar 28, 2021
  5. volpri

    volpri

    Well as long as you “know” you are a minnow and can go to and hide, in places piranhas can’t.........
     
    #55     Mar 28, 2021
  6. speedo

    speedo

    Skinner proved that an organism learns to react to stimuli given a reasonable expectation of reward. We trading organisms react to a setup with a positive expectancy similarly....Look an H2 :D
     
    #56     Mar 28, 2021
    volpri likes this.
  7. volpri

    volpri

    Onlyst thing is if we believe the market to be totally random we can have no positive expectancy...:(
     
    #57     Mar 28, 2021
  8. volpri

    volpri

    For totally randomizer traders trading is an endless pit they are chunking their change at with no expectation of winning or losing ....they can never have an edge....as there is no edge....

    One trader on ET says the only edge is PRM. If that is so, then the solution is simple. Don’t trade! No trade. No risk to manage.
     
    #58     Mar 28, 2021
    speedo likes this.
  9. notagain

    notagain

    Anchor your strategy
     
    #59     Mar 28, 2021
  10. Bad_Badness

    Bad_Badness

    But is it Schrödinger's cat?:)
     
    #60     Mar 28, 2021