You are relying on a reasonable estimate of the likely distribution of prices, yes. But then that is true of all trading methods which rely on price change to generate their profits.
Who doesn't buy because they anticipate/predict a move higher, or sell anticipating/predicting a move lower, no matter what the method? Beyond the semantics, this thread is just about one trader's perception of what works vs others. What's the point in answering the question when it is impossible to prove ANY method is anything more than "temporarily" reliable.
It isn't about merely anticipating change in price -- flipping a coin will accomplish that -- but doing so reliably. The perceptions of many traders have been represented in this thread.
can not the same be said for reasonable random entries ?? ____________________________________________________ <i>open up the border to the rivers running green, 'cause i've got traunches full of dollars to trade for gasoline.........</i>
what a great study ( this thread ) on how the market works. if we did not have vastly differing perceptions, the market would go flat, then cease to exist---- which may actually happen one day, without intervention. ____________________________________________________ <i>open up the border to the rivers running green, 'cause i've got traunches full of dollars to trade for gasoline.........</i>