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here is update real time its crossing open and comming toward short

current pending order the top line is open then 2nd line is short line the third is TP note that if price doesnt reverse and hit this price ill never be in the trade thus it will never been a loosing trade

their are outliers im not saying this is 100% im just saying its profitable.. yes vol does change and so statistics should be run rerun every so many bars with the oldest being dropped and the newest added for three levels which is what ill try to get to eventually in here lets say 21 bars 100...

[/b]i guess im not looking for extreme bars im using the bars stats where it extends past the short side of the bar if it hits that then there is a high chance the move will continue for at least a specified number of points or pips. every vehicle has its own personality. i only use the ema...

earth how bout you..?

these trades are fast ill try to get some real time trades up.

20 ema line on eur/usd every bar is entrance opportunity. look how the short side is 90%+ always minor move and the long side is large

[/b] about 4-5 2min -15 min average prob i trade execute myself im sure it could be automated but i dont believe in that bout 3 years id say not directly the same every year as if refined a bit more often and i learn and apply new things but i blew 3 to 4 250$ accounts starting then ran...

this is what i consider beginning direct statistical trading.. this is a simple profit extraction system.. not prediction system... i do not need to predict price movement to make profit.... thus my chance of accuracy is determined before entrance with predefined stop/TP/entrance not entrance...

ok NTW31 where does the stats come in...? well for statistics to work you need to have fixed objects to sample from a population... population of candles lets say .... when the average candle forms what average lengths fall into what %tile ranges.? well this number i cant give you because...

ok now that im starting to sound like a trend trader. we wont get into stats yet but well talk more about bias ... ever wonder why confluence works things agreeing at multiple levels? or why support or resistance levels break at all? simple if bias is negative odds are support levels will...

well for me this means that bias or buy/sell pressure that creates trend drives trend ... and thus this is what i want to look for when i initially show interest in my trade... how do i find bias? easy enough the way i approach this is by looking on higher time frames. if you trade...

sorry about me taking so long to post this i was in the process of moving to florida. :) now its like im on vacation 24/7 :) lets start with what i consider "statistical trading".. and i do not mean reversion to the mean trades or statistically backtesting different trading systems... ill...

look who did the research on this and then published the findings.... makes you wonder.

investment broker... i forget sometimes im on a trading forum :) investment broker... fund manager.... financial planner... investment companies. not trading brokers my bad

hey et, in this thread i hope to introduce my way of statistical trading by clearly defining my personal approach... taking away the guruish way of explaining my approach and getting to some of the cold hard facts that ive had to learn the hard way from learning to trade by reading endless...

ive always read somewhere 90% but these are all traders together i think that even saying statistically 90% of all traders fail is a pretty odd statement dont you seeing as how that statement is hugely interpretational .... like how do 90% fail... its a obvious misswording with the intention...

also note : look who this "research" paper is written by... hum

id like to point out that this paper was written with the intent maybe to stop daytraders.... but just like a bike rider racing toward the finish line only to slide in rocks fly from his bike through a parked cars window at 40 MPH in a bike race ...... i mark this as ... failure. good...

and i get yelled at for saying it. this is good :) why? you know the zone you dont know whether it breaks or holds do you trade on either side? how do you trade it.. you let it react have two prepared zones for buy sell let the herd decide for you. let price come to you dont go to price