Future Predictions...

P

protrader-2K5

I would like to learn from traders who have been trading for some time...

How far ahead can you predict? and to what level of accuracy?

I have read that anything more than 30 minutes and the accuracy starts to fall well below 50% due to outside factors that affect the market.

I my own trading over the past 8 years or so, I feel very comfortable with 2 minute and 20 minute bars as they lend to over 75% and about 50% accuracy

What works best for you folks?
 
It's a cite one of the most successfull trader from Russia:

"any investors and traders think that the
goal of Market analyses is prognosis of
prices... Professionals only study information and make decisions
starting from the extend of probability of different
results. I think that it's not required to foresee a
future for the getting profit from the Market
Game. It's need only to gather information about market
situation and define who creates the mood of the
situation -- playing bearish game or playing bullish
game. Then, when the main force of market group is known,
it needs to estimate the probability
of continuation or turn-point of current tendency Besides, it
needs to distribute your capital rationally (to
manage your money). And finally, it needs to control
own thoughts and senses in order to PREVENT YOUR
GREED & FEAR. Trader, who follows these rules,
will reach better results, than any
predictor. Study the Market and study Yourself"
More...
 
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