Trend, Chop and Momentum

NexusFi · 2009-10-07T12:00:07-04:00

future probabilities are not known, so at best person proposing new system should provide statement like this: this set-up is giving you this probability getting this target (of course it is not real probability, but probability based on previous occurrences). I have seen this statement only at www.elliotician.com ( or for open gap plays or TRO play. Can't argue with that... That website you mentioned doesn't come up. Is that the correct address? I like how the guys at MasterTheGap.com combine historical …

Discussion in Psychology and Money Management

Updated October 7, 2009

Trend, Chop and Momentum

October 7th, 2009, 12:00 PM

#21 (permalink)

shodson

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hondo69

Lets say you're watching people enter a mall through a main entrance and decide to monitor their movements. You discover 62% turn left and 38% turn right.

Wow, Fibonacci numbers are even apparent in mall behavior!