In part 2 of this series, we discussed the probability of a coin flip and how the odds that you land on heads "x" number of times in a row significantly decreases each time the coin is flipped. Therefore, it is important to understand the difference between "the probability the chart goes up or down" and "the probability that you (the trader) find yourself in...
Using the Rule of Thirds to Master Probabilities in trading and investing ranges
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Stocks typically remaining in consolidation ranges 70% of the time while trending the remainder.
Using the rule of thirds, we can use statistics, prior price action and the probabilities of success to...
I tested whether you could be profitable by flipping a coin 110 times to show the power of risk management.
This is Bitcoin 1hr chart from the beginning of 2021 to now.
Rules:
1. Bollinger Bands are squeezed tight.
2. If coin lands on Heads, go long. If coin lands on Tails, go short.
3. 1:2 RRR
Results:
Wins = 51
Win Percent = 315%
Losses = 59
loss Percent =...
In this video:
* How to spot and draw a broadening wedge pattern.
* What constitutes an official broadening wedge pattern.
* Is the pattern bullish or bearish?
* What is the probability of breaking down vs. moving further up?
* How to measure target down and how to measure target up?
* Other notes to make on how to trade.
In virtually any field of athletics it is advised that you should cross-train in order to both avoid injury and increase performance . For example, Football players are encouraged to take up pilates, yoga, and swimming. Runners can reduce injury and increase performance by incorporating Rollerblading, Barre, and Zumba into their routines.
So what should...
always have 2 outcomes with probabilities we only trade we the highest trading setups forecasting what is possible to happen if this trade doesn't go the way i expected it ? forecasting this so that your mind wont be shocked when this happens to you !
I'm joking of course. :)) But seriously, have a look at this indicator I'm showing. As I mention in the video it's not all about indicators. It is also about selecting the right indicator for the instrument one is trading.
Practice and understanding of how you can work them together to estimate probabilities is most important.
G'day Cobbers and Shobbers,
How are we this morning, did many of you manage to make so profit yesterday?
I will start with a quick talk about Edges and trading strategy and how to be profitable from your charts.
First if you take a look at the chart linked below from yesterday you will notice I flipped outlooks as the day progressed, I also traded on these...
