You are a lion in Africa. You eat other animals. Each one has a certain weight, maximum running speed, number of population, intelligence. The same data exists for you as the lion. And statistically you could determine your odds of eating or starving.
I spent some time in Africa, and never did find a lion with a calculator. Never heard of a lion running a hedge fund. But saw some fat and lazy lions.
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Last edited by GaryD; March 15th, 2013 at 12:07 AM.
Reason: more appropriate photo
Oh how I wish I had saved his email to me from who knows where in Africa; hitchhiking his way for over a year from south to north, living in a room in a brothel at that time, recovering from malaria (2nd time), his past Peace Corps partner just recently faked his identity...
Good time Mr. Tuna Can, if in fact that is your real name.
Last edited by GaryD; March 15th, 2013 at 12:59 AM.
No, I was thinking there was structure that supported long. I was not thinking about even entering a trade until I saw the spike, and then the reversal. There is this common mindset that we are watching becasue we are suppossed to take a trade. What if we were watching and just decided to take a trade?
"Fairest" meaning what? And yes, believe it or not I finally broke down and think I know what the term means. Broke down as in ego.
How long does "fairest" exist? It is a reference point. To further clarify, it is a reference point. What does it have to do with whether the market is most likely to go up or down at that exact moment?
On the other hand, what I tried to show in that chart did offer what I was looking for. Probability.
Last edited by GaryD; March 15th, 2013 at 12:44 AM.
I will say at this point, that I like volume, market profile, VWAP, HOD/LOD, "other's" stop placement consideration (and/or confirmation of a lack of, or confirmation of the existence of and yet the reactionary movement in conflict), as a second place to the last post.
1am. Melissa STILL sick. Slept on the couch with a dog that will not take no for an answer since Sunday. Tired. 3 beers, 1 glass of wine. Heavy work schedule. And typing this just caused me to release it all Or most of it. Sigh, shoulders dropped, became aware of what I was doing,
remembred the accountability because this is open to the world. OK, so that is the worst that is going to happen... fear of failure. Not just failure, everyone knows about it. Anyone.