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clock Created with Sketch. 01/06/18
18:38
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Originally posted by seak
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I have different numbers for spi Low of 4700 was on 9/2/16 (sorry for being pedantic) and the R up to the 18/3/16 was to 5214 making the range 514. The high in March 18 came in on the 12/3 (6032 March, 6024 June) making that 530 Trade, 762 Cal making the R 1332 or 1324, always tricky trying to make sense of ranges around change of contract time.
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There are lies, there are damn lies, and then there are statistics. You can twist and create ratios and extensions, that in retrospect fit any given set of data. When someone can predict future price movements using such " tools", with a good degree of statistical certainty, then you are onto a huge winner. However I can assure you that this goal will remain elusive. Markets are inherently wild and unpredictable, so first accepting that, allows traders to develop a system that could work more often than fail.
(20min delay)