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Sunday, 24 October 2010

Probabilities

2 kind of set up: Chart and Mental

1. Chance of my chart pattern will be correct : 1/2 = 50%
2. Chance of my mental setup will be in correct mood :1/2 = 50%

Thus probabilities of my trading to be correct in a row : 1/2 x 1/2 = 1 / 4 = 25%

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