Trader's intelligence test

[jcl]

You know that the price of a certain asset follows a simple rule, without any random deviation. You just have to figure the rule and you'll get obscenely rich.

The last 10 prices:

3, 6, 6, 8, 8, 7, 7, 9, 8, 8

What's the next price? Are you going to buy or to sell on the 8?

 

[jcl]

No one buying or selling? Maybe it was too difficult, some more hints:

- Today's price is 6. Thus, selling short would have been right.

- The price rule is really simple. No higher math involved.

What's tomorrow's price?

 

[jcl]

100 views and no takers - I have to accept that such a problem is probably indeed too difficult and inappropriate for this forum. Nevertheless, two final hints:

- Today's price is 9.

- The price is slowly trending upwards in the long run.

What's tomorrow's price?

 

[masterm1ne]

Everyone will have a different answer. The solution is to trade price according to your proven plan.

For example:

-One trader might sell for a scalp to 6 as you posted yesterday.

-Another trader might buy into the decline.

It's pointless to attempt to guess what tomorrows or the next few minutes of price will be because no one will ever know.

 

[jcl]

It's not a guess. When you figure the rule, you know the price precisely.

- Today's price is 9. Tomorrow's price will be 11. Yes, prices also change on the weekend.

- The prices will rise ever more slowly. Still, there's no upper limit.

What's the price of the day after tomorrow?

 

[TRS]

Trader intelligence test is called the Profit/Loss statement.