99,9999999999999999999% sure. Heck, I'm even expecting 1.4 before that. My ability to forecast market direction is close to 0% though lol

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lol that would make VERY happy too, but i doubt we'll be seeing it today (I always close everything by the end of the day).

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I'd be happier with 3425 , but it's up to the market to decide.

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I have S3 nearby @ 3425. If today plays out as an average range sell day, the odds that we'll see it are usually ~15%. Probably less if we take into consideration ws1 and mpp must be taken out in order to get there.

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Nope, not necessarily. I have it as predictive S1 for today.

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I have 3495 area as a 2nd possible reversal area.

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3537 is the current support level. Now, will it hold? That's the million dollar question.

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Good week start. TP hit +80

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Simple, I took the statistics from a large sample of daily sessions.

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The number I've provided does not take fundamentals into consideration. It assumes all things being equal.

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lol Phanti. It means there's roughly ~70% probability we go below Friday's low.

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Notice dpp is above friday's close.

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I'm estimating about 70% probability we go below Friday's low.

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You find the parallel interesting, I find it trivial. Most market participants are losers, remember. So there is definitely a market for that kind of books to thrive. Heck, most of the authors aren't even psychologists. They'll write whatever is ...

Self-help mentality

Cool. Yes. Just after posting here, I've also found out that Gladwell has made most of the essays available to public in his site

10,000 hours to greatness and the Mastery Asymptote

Hey Rufus! I can help you with that if you'd like to. Two more recommendations: - Black swan theory (by Nicholas Nassim Taleb) - What the Dog Saw (a series of articles turned into a brilliant book by Malcolm Gladwell). This guy knows a lot about a ...

10,000 hours to greatness and the Mastery Asymptote

Ahah yes that is indeed true. It is called illusion of truth or illusory truth effect in social cognition. It's a implicit memory manifestation that consists in rating repeated statements (regardless of their objective truth/false status) as ...

10,000 hours to greatness and the Mastery Asymptote

I understand what you mean. Different people under different strain have different tolerance thresholds. A4kx explained really well how to deal with the situation. One just needs to keep things separate: one might not like Cloggie as human being, ...

EURUSD

Interesting topic — For those interested in the psychological dynamics behind economics and trading I'd recommend reading: - 'The art of war' by Sun Tzu. This is not psychology per se, but everyone should read it first as it really highlights ...

10,000 hours to greatness and the Mastery Asymptote

First, I like the way you think Ak4x. There are good and bad teaching methods. Some get better results than others. Bees are attracted to honey, but not to vinegar, or so goes the saying. Cloggie could use a little honey. He is way too direct for ...

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