Thanks eightbo, I've been doing that for years when identifying statistical anomalies and taking advantage of them when they arise and I usually use BSP for my backtesting and returns calculations. But that's not the point I was trying to bring to the discussion. I've watched just about all of the "buy low sell high" videos but cannot see the price prediction they are detailing before it happens.
Firstly tell me if I am misdefining trading. I am defining trading as the opening of a position with the intention of closing it early. I am not talking about holding positions until the event is finished. For example, the many videos Peter posts where he opens and closes multiple positions and greens-up all before the off. That's why I'm saying BSP is of no help because the 'Peter like' trades have been opened and closed before the BSP is known.
It is clear that traders like Peter can predict price trends I'm not doubting that. All I'm saying is I cannot. I don't see any patterns in the price movements other than they go up and down seemingly at random to me. It's clearly a failing that I have. I was developing XTraders post re 'mugs game' ... not that I think it is, I was just saying I can't see how it is achieved.
