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the redlion replied Dec 21, 2012well I don't quite know what to say.....because for every macro economic analysis you can throw at me....I can probably justify a position the other way....that is not as clear cut as FA traders might like to admit.
automatic chart pattern drawers for MT4?
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the redlion replied Dec 21, 2012come on nubs don't give up on me....I am finally getting to talk to some one that speaks my language

what do you make of the volatility of returns not being random at all...... and by volatility I mean the closing price and the squared ...automatic chart pattern drawers for MT4?
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the redlion replied Dec 21, 2012I re-read your post and I think a bit of beer and poor reading comprehension on my part is what you are reading yes I agree with you 100%, you cannot have a random chart with out subjectively imposed chart patterns......so that DOES say something ...
automatic chart pattern drawers for MT4?
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the redlion replied Dec 21, 2012sorry for the tone...... I am only presenting objective data. I actually do not know what your point is ......my point is that there is something non random about the market and it is visible in the long run...it tends to respect standard deviations ...
automatic chart pattern drawers for MT4?
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the redlion replied Dec 21, 2012the answer to your question is yes you are unimaginative (no offense) a hand made chart will have patterns because your brain will make them for you......after all we are pattern seeking primates. edit* and the fact that the market resembles a ...
automatic chart pattern drawers for MT4?
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the redlion replied Dec 21, 2012in case you are curious this is how I did them R program Price*e^(drift+standard deviation of euro*random norm distribution) then price_n-1*e^(drift+standard deviation of euro*random norm distribution ) and so on plot(random chart, ...
automatic chart pattern drawers for MT4?
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the redlion replied Dec 21, 2012yeah d is real but the other ones are completely random....the only thing I am using is the same volatility parameters, and drift as the real market. they are daily close, plot charts you are pulling it from looking at a recent chart so you remember ...
automatic chart pattern drawers for MT4?
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the redlion replied Dec 20, 2012I just generated some charts and one of them is the actual market, you decide image image image image image
automatic chart pattern drawers for MT4?
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the redlion replied Dec 20, 2012I want to convert you to R I would recommend that tool for anyone thinking of Jay walking if they do not want to get hit by a bus
EURUSD
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the redlion replied Dec 20, 2012actually yes but is just a tool, very helpful though the thing with the market is that even if it is random like, the distribution of returns approximates a bell shape curve of course with heavier tails, and the Kurtosis differs but the assumptions ...
EurAnalysis
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the redlion replied Dec 20, 2012here are my targets for today 1.3267------is at one standard deviation 34%-------------------------------------------------- | 1.3216-------is my mean or 50% point |---------68% probability of price closing within this range (by that i mean 1.3165 : ...
EurAnalysis
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the redlion replied Dec 20, 2012instead of drawing trend lines which are like art..........why not take the log returns of every hour for the past 24hrs, and do a linear regression use linear extrapolation to get an idea of the return in the next 24hr ceteris paribus. but also the ...
How can I draw trend lines correctly?
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the redlion replied Dec 19, 2012pip trapper (who I happen to respect) basically is limiting my freedom of speech on this one.....so I won't respond to that rebuttal and educate you on reality based principles, fractional reserve banking, and human psychology as well as economics. ...
EurAnalysis
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the redlion replied Dec 19, 2012for what is worth I am of the belief (not yet confirmed) that this is the beginning of a bearish correction. for the Euro to keep advancing after the rejection of the 1.33 it would mean more than thin market manipulation. my targets for the day are ...
EurAnalysis
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the redlion replied Dec 19, 2012it is not a matter of faith Pip it is an economic principle Interest is economic not faith based.
EurAnalysis
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the redlion replied Dec 19, 2012makes no sense..... you let some one borrow money without interest....then why let them borrow money at all? that is why civilization developed interest even from the time of the Summerians.....sheep, cattle, or any grains that were lent out the ...
EurAnalysis