So you want to be hand fed, your probably better off doing the work yourself than die of old age waiting for someone to give you something for free.
Markets are impossible to predict
- Thread starter farmerjohn1324
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So you want to be hand fed, your probably better off doing the work yourself than die of old age waiting for someone to give you something for free.
%%
BETTER THAN THAT;
S&P 500/SPY+ get long >> aboVe 200 day moVing aVerage+ see how many diVidends you can collect over 40 years; HAS WORKED better much than 60% as measured by 200+ year$. As far as a bear market like the big ''one'' in 2000-2002.A skilled trader could trade it, but mainly with a bear dont do EXACTLY inVest like a bull /uptrend ,,even if it is a common way to make a million/millions.
BIGger mistake to try to trade a full time 5 minute chart; Don Bright Daytrading Co also, did NOT like that one = TOO sloW,LOL
, . Holding a SPXL or UPRO during a Bear may or may not work; i would NOT want the BIG %% DraWdoWn%%
I gaVe aWay one of those books And as good/helpful as IBD/InVestors Business Daily has been; i never paid much attention to thier NYSE composite chart= because i dont trade the NYSe composite...............................................................................................Like the Dow derivative trader noted ; its correlated to itself.I do record SPY, even if i'm out;since its a benchmark
,Posted prior to the Open today:
"Anticipating a gap fill at or toward 65,75. If we find support there or sooner - I'll be looking to enter long for a move back up towards Friday's high at 83."
Actual low today was 68,00 and the actual high was 88.
Markets are impossible to predict.
ES Journal - 2019/2020
"Anticipating a gap fill at or toward 65,75. If we find support there or sooner - I'll be looking to enter long for a move back up towards Friday's high at 83."
Actual low today was 68,00 and the actual high was 88.
Markets are impossible to predict.
ES Journal - 2019/2020
So you're batting 50%. And how do you it wasn't by chance that you were right on that one?
It's certainly not a 50 % wager.
The markets are technical and full of non-random patterns - hence why it's possible to predict. But in order to predict, you need actual data. A lot of people don't have that. Thus, they're just guessing or using their 'intuition'.
I've been doing this for quite a time now and I usually have a good idea about the day ahead or at least what's normal on any given day - so yeah, I know it's not a crapshot.
For example - a day like today. For that day to roll over and make new lows in the last 30 minutes? The odds of that happening are way below 10 %.
Again - probabilities.
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[ Most of QUOTE]"Laissez Faire, post: 4994952, member: 206390"]It's certainly not a 50 % wager.
The market's are technical and full of non-random patterns - hence why it's possible.... But in order to ......[profit], you need actual data. A lot of people don't have that. Thus, they're just guessing or using their 'intuition'.
I've been doing this for quite a time now and I usually have a good idea about the day ahead or at least what's normal on any given day - so yeah, I know it's not a crapshot.
For example - a day like today. For that day to roll over and make new lows in the last 30 minutes? The odds of that happening are way below 10 %.
Again - probabilities.[/QUOTE]
Good points;
%%. I had to edit out your ''prediction'' comment= but like you noted, its not a crapshoot. More like shooting ducks, deer or doVes. Miss some+ hit some+ still eat like a king.Deer seldom moVe @ noon, mostly early + late moVes .UK fund manager said dont run out of bullets= then the elephant comes along LOL, Single stocks are more risky than QQQ or SPY;but just to name one; Fidelity Contrafund picks them well + almost always beats SPY/S&P 500, 10 years or so[NOT a Fund or ETF tip........................................................................................................]
The market's are technical and full of non-random patterns - hence why it's possible.... But in order to ......[profit], you need actual data. A lot of people don't have that. Thus, they're just guessing or using their 'intuition'.
I've been doing this for quite a time now and I usually have a good idea about the day ahead or at least what's normal on any given day - so yeah, I know it's not a crapshot.
For example - a day like today. For that day to roll over and make new lows in the last 30 minutes? The odds of that happening are way below 10 %.
Again - probabilities.[/QUOTE]
Good points;
%%. I had to edit out your ''prediction'' comment= but like you noted, its not a crapshoot. More like shooting ducks, deer or doVes. Miss some+ hit some+ still eat like a king.Deer seldom moVe @ noon, mostly early + late moVes .UK fund manager said dont run out of bullets= then the elephant comes along LOL
, Single stocks are more risky than QQQ or SPY;but just to name one; Fidelity Contrafund picks them well + almost always beats SPY/S&P 500, 10 years or so[NOT a Fund or ETF tip........................................................................................................]You can use the fundamental analysis to predict forex movements. While the list is endless and some events can be unpredictable, such as natural disasters, there are a few key drivers to the price of currencies that should always be at the forefront of any fundamental analysis. These are:
Economic growth
Inflation
Interest rates
Employment and wages
Geopolitics
Also, an economic calendar is crucial for anybody trading forex and a guide to the biggest economic and political events that are likely to have an effect, one way or another, on forex and other financial markets.
Economic growth
Inflation
Interest rates
Employment and wages
Geopolitics
Also, an economic calendar is crucial for anybody trading forex and a guide to the biggest economic and political events that are likely to have an effect, one way or another, on forex and other financial markets.