Quote from Mr.Bling-Bling:
Than why is the floor of most large exchanges loosing traders to the up stair screens? And the mini leading the pit around?
If one type of pattern...say a declining wedge has a winning percentage of 66% and a 1.80 win average ..that is a defined edge.
The casino has rules and kicks out card counters. The market does not and I do not have to play by defined rules. I make up my own rules and only play when the probabilities are in my favor.
Hey bling bling, don't stray off course here. The guys on the floor have the edge period. If order flow stops going to the floor then like I said earlier, they can't make any money. But then so is the case with casinos, what if people stop gambling or what about the bookes, what if you stop betting on your fav football team. The whole premise of them making money is based on people doing business with them. So you your point was mute.
And about your wedge, dude if you think a declining wedge is edge, oh my god, I have some swamp land in Florida I would like to sell you. Now if you said a gravestone doji or hanging man pattern that would be different. Or when the big squiggly line crosses the little squiggly line. But declining wedge, come on. LOL.
As far as casinos go, you are wrong, 99% of the time they let you count cards. In fact they encourage it. Do you know why? Because they know that your probably an idiot and if you don't count perfectly you will actually make your odds worse and they like that. The only guys they throw out are the pro's and most of them are blacklisted anyway.