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Take for example the moving average cross strategy. When MA1 crosses MA2 upwards you buy and when MA1 crosses MA2 downwards you sell but then its never 100% winner. So wouldn't it be correct to say that the trader buys because when MA1 crosses MA2 upwards there is high probability that the price would go up and on selling its because it is believed there is high probability that the price would go down if MA1 crosses MA2 downwards?
Yes it's probability.. it depends on trend market
but since market moved by people/trader, so we can not 100% predict the direction.
Yes it's probability.. it depends on trend market
but since market moved by people/trader, so we can not 100% predict the direction.
We can not predict nothing for 100% at all, so will you say that our life, daily actions are also all about probability.
We always can see what is happening around and have a decision which can have a better realization.
The market is managed by the interests of some... for others (most of participants/crowd) it is a probability only.
I answered yes. But I think you should include statistics.
"There are three kinds of lies: lies, damned lies and statistics." - Mark Twain
Best of luck,
When we are crossing the road, we are still taking the risk of getting hit by vehicle.
We look left and right to increase the probability of not getting hit by vehicle.However, some people have really awful luck. They'd look left and right and yet get killed by falling meteorite.
Yeap. Everything in this world is about probability.
When we are crossing the road, we are still taking the risk of getting hit by vehicle.
We look left and right to increase the probability of not getting hit by vehicle.However, some people have really awful luck. They'd look left and right and yet get killed by falling meteorite.
After looking left & right, we also have to be careful with the motorcycle. sometimes it doesn't seen yet but we can heard the engine voice, so that makes us have to stop on the middle way and convince ourselves that the bikers have seen us crosing street and he will stop.
Same with forex, before we make order/open position, we have to look at the probability of the trend going, and how the conditions of the price against Resistance-Support.
After OP, we also must be able to take decision, whether we will close the order as soon as possible when the price moves against the trend turns (before hit SL),, or let it hit TP and make nice profit.