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Probability Studies technique

This is a discussion on Probability Studies technique within the Forex Discussion forums, part of the Forex Markets category; Hi, please can someone direct me to a resource where I can learn about this study or if you use ...

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Old May 23, 2009, 8:21pm   #1
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Probability Studies technique
Hi, please can someone direct me to a resource where I can learn about this study or if you use this technique can u please explain to me.

Thanks

ps. I believe it is used to determine the highest probability for market movement in any particular direction.

any 'direction' will be appreciated
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Old May 23, 2009, 9:08pm   #2
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Roshan
Probability study is not one specific study of the market moving in a direction. There are lots of different methods out there for trying to predict market direction.
Remember though, there is more to trading than just getting market direction right.
I suggest you start in the beginner section and have a read of some of the good threads there.

Happy learning.
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Old May 24, 2009, 1:07pm   #3
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Probability theory - Wikipedia, the free encyclopedia
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Old May 24, 2009, 4:02pm   #4
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Encyclopedia of Chart Patterns by Thomas N. Bulkowski is a good place to look for guidance. For many popular chart patterns he details their probability of success in each diretion, distance of move, how to trade on a signal failure etc.
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Thanks! The post above is recommended by: julian
Old May 24, 2009, 7:13pm   #5
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The simplest pattern or average can reap great rewards if a good risk/reward ratio is used.
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