Well well well...who would like to see my prediction for next week? Post your prediction here...

Discussion in 'Trading' started by greeneveryday, May 16, 2020.

What will happen to Spy next week?

  1. Spy will close above 294

    11 vote(s)
    36.7%
  2. Spy will stay in range bounce 280-294

    12 vote(s)
    40.0%
  3. Spy will close below 280

    7 vote(s)
    23.3%
  1. hafez50

    hafez50


    Yeah but he got decked first and it was almost over . lol. That dude has the glass jaw of all time .
     
    #21     May 17, 2020
  2. Spooz Top 2

    Spooz Top 2

    Almost .... but not quite! Harris is a big strong heavy handed dude swinging with the meanest of intentions fighting with a heavy heart after the horrible murder of his daughter.... experience prevailed as Reem waited for a single mistake and caught the heel hook despite being bludgeoned....

    agreed on soft jaw... always seems to get rocked.
     
    #22     May 17, 2020
  3. Just because you don't know does not mean someone else doesn't know.

    Every attempt at making money on directional trading is a prediction that price is going in your favour after you enter. Predict. Anticipate. React. It's all the same.
     
    #23     May 17, 2020
  4. Cuddles

    Cuddles

    Why not start a journal instead OP, that way, we can just ignore that instead and not have to put up with your spam?
     
    #24     May 17, 2020
    TooEffingOld likes this.
  5. hafez50

    hafez50

    When i'm talking predicting i'm talking outside an hr or so . I've watched all the guys on the different board "predicting " for the day and none has over a 50% correct ratio for that day over a longer period of time.. You're as well off throwing a dart over time predicting the final day move. . Sure one can effectively trade in 10 min to hr bands. And longer term traders can be successful holding a while .And even if some have been correct we've had deep moves in the opposite direction were any disciplined trader would have been stopped out .
     
    #25     May 17, 2020
    KCalhoun likes this.
  6. Spy will close below 300
     
    #26     May 17, 2020
  7. You didn't even answer by one of your own poll choices.
     
    #27     May 17, 2020
  8. because I don't really know wtf is going to happen....
     
    #28     May 17, 2020
    KCalhoun and orbit23 like this.
  9. You should ask yourself how likely it is that anyone with the skills to effectively predict would post it publicly over time or share specifics about what they do. Jim Simons worked for years before he finally cracked it and yes - they predict. And no - they don't post on ET. :)

    Most people who try to predict do it without any hard data, i.e., the market looks like a buy or a sell here. Quite a few people here actually seems to enter just based on a hunch and not back-tested signals/data.

    Prediction requires data and a means to effectively calculate probabilities. Sure - at times the market may be a cointoss, but there certainly are times where certain patterns/outcomes are more likely than others.

    Just a simple gap up open have a 73 % chance of the day closing positively net on the day. That's far more than 50 %. And yes, it's a rough prediction, but it's also just one parameter. If I add in one more parameter regarding the actual open - the probability of a net positive close on the day is 81 %.

    Adding in more parameters - how much more predictable can the market possibly become?

    Anything can happen and the improbable does happen from time to time. 2 weeks ago there was a pattern that's happened less than 10 times over the last 2000 days. And last week we had an Outside Day which is also among the less common patterns. Actually, we had two.

    But most days are the regular up or down with range expansion with some small variations from day to day. :)
     
    #29     May 18, 2020
  10. maxinger

    maxinger

    Well well well. Trading doesn't involve prediction.
    Trading involves reacting to what the chart says.
     
    #30     May 18, 2020