Candlestick probability

Discussion in 'Technical Analysis' started by Amatrue, Jan 8, 2020.

  1. easymon1

    easymon1

    Got an example image that illustrates your conundrum?
     
    #81     Mar 16, 2022
    murray t turtle likes this.
  2. %%
    SORT of .
    Business illustration follows ;an auto dealer is concerned with one sale but more volume is more important. The best ones are concerned about one sale + much more.
    NO such thing as random walk, but anybody may get helped reading even a gooooooffy false book title/maybe. Maybe not; if it hinders a good mindset or battle tested plan
    Topping tail [candlestick]may mean something on QQQ in week of 5-21-2001.
    BUT a good trend will ignore a topping tail week like has happened this year sometimes.
    SO its not a random walk+ no need for stops IF some can predict; but thats why stops are used.
    Good question, Amatrue . Notice it's called weather forecasting, not weather prediction??
     
    #82     Mar 17, 2022
    athlonmank8 likes this.
  3. would log regression be right technique to use here?
     
    #83     Jan 16, 2023
  4. %%
    MAINLY, the close= by then all have voted.
    upside down T= topping tail[aka grave stone dogi]. tends to be a good reversal signal \ even though a very strong uptrend trend or downtrend will occasionally ignore that topping tail/LOL:D:D
     
    #84     Jan 17, 2023