Son of If You Can Draw a Straight Line . . .

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Quote from Laissez Faire:

Already know how to do that.

So, when you go long, you're not predicting that price will go up?

:confused:
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It is impossible to predict uncertainty

It is possible to anticipate what will occur next in an uncertain environment

Big ass difference having to do with one's mindset, flexibility, and the outcome

RN
 
LF

Prediction:

A prediction (Latin præ-, "before," and dicere, "to say") or forecast is a statement about the way things will happen in the future, often but not always based on experience or knowledge.


The key word above is "will". No one using PA correctly says what "will" happen. Only that a certain outcome may be more likely to occur or not.
 
Quote from dbphoenix:

See the first five posts. If those don't answer your question, read the next nine. If you require further clarification, see this post: http://www.elitetrader.com/vb/showthread.php?s=&postid=3878127#post3878127
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Quote from Redneck:

It is impossible to predict uncertainty

It is possible to anticipate what will occur next in an uncertain environment

Big ass difference having to do with one's mindset, flexibility, and the outcome

RN
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You do realize that this sounds rather ridiculous?

But I'll ask again then...

Where do you anticipate that the market will close today or for the next weeks? Not predict, but anticipate?

I asked a simple question in my initial post, so there's no reason to make this harder than it is.

Thanks. : )
 
Quote from Laissez Faire:

You do realize that this sounds rather ridiculous?
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Not in the least


Quote from Laissez Faire:

Where do you anticipate that the market will close today or for the next weeks? Not predict, but anticipate?
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No clue (but I sure wish it would make up its mind)

RN
 
Quote from Laissez Faire:

You do realize that this sounds rather ridiculous?

But I'll ask again then...

Where do you anticipate that the market will close today or for the next weeks? Not predict, but anticipate?

I asked a simple question in my initial post, so there's no reason to make this harder than it is.

Thanks. : )
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I don't have any idea where the market will close today or ever. How much simpler can I make it? If you want to know why you'll have to read what I suggested you read. If you don't want to know why or you don't want to read what I suggested, then just leave it.
 
Quote from Redneck:

No clue (but I sure wish it would make up its mind)

RN
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That's an honest answer. I respect that. There are certainly times when the market is in a state where it's impossible to anticipate/predict.

But if anyone of you find that the market arrives at a level where you can anticipate what will happen in real time, I would be interested to hear it. Not in hindsight, that is.

:)
 
LF

Every PA trade is based on some expectation. No one is going to take the time to take eyes off screen long enough to post a potential trade, that, in my case I may cancel at any time before it gets filled. Think about what you are saying. Why should someone sacrifice their trading just to alert you?
 
Quote from bmwhendrix:

Every PA trade is based on some expectation.
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In what way? (And I ask this only to clarify, just in case there are people who have been following this thread and laboring under a misunderstanding.)
 
Yes, I do need to clarify this. (Actually knew it did not read right when I wrote it, but was in a hurry.)

PA is based on price movement and how price reacts at points of interest.

After considering said movement and reactions a situation may have what a particular trader considers enough of a probability of movement in a particular direction to place a trade.

Not stated as well as DB would, but hope if is sufficient.
 
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