There's a number of complexed reasons why you may think a horse is going to move in one direction, such as money coming in for it, money for other horses, overly biased overrounds, etc. Surely what's happened in the last five minutes is more relevant than any statistics?rinconpaul wrote: ↑Wed Jan 24, 2018 5:34 amDerek you say, "if you have reason to think it's more likely that the price will go down"....but what is that reason and how did you come by it, if you haven't used stats of past performance?
Critical analysis
My aim is to make money trading rather than to win people over with a technique to follow, and it wouldn't be possible anyway, because a technique isn't easily transferable - you can't write it precisely on paper.
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rinconpaul
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"Surely what's happened in the last five minutes is more relevant than any statistics?"
Yep, you're right, my steamer/drifter parameter is determined by price action data based on the last 5 minutes action at 5 second intervals with a gap back-lay > 90%, so on the same page.
Yep, you're right, my steamer/drifter parameter is determined by price action data based on the last 5 minutes action at 5 second intervals with a gap back-lay > 90%, so on the same page.