A very interesting video.
Enjoy.
Enjoy.
Inserted Video
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DislikedThe author's a mathematical illiterate, who doesn't distinguish between "random" and "pseudorandom", and doesn't like to let inconvenient facts get in the way of a convenient "theory".Ignored
DislikedGood posts guys. I agree with you all. He points out on the random charts you see support and resistance just like real charts,that traders look for. Elliot wave too. Its the same as real markets. A pro trader would not know the difference.He proves.A trader will want to believe what he wants to see. Here is a comment from the video. I traded over ten years. I had periods where I did quite well, but overall lost. I tried everything. I agree with your assessment 100%. Along the way I remember Al Greenspan say that predicting currency prices was impossible?...Ignored
Disliked{quote} You can follow the price action on multiple TF's and make money, my best year to date is 400% trading part time and running my UFO construction business, multiple stochastics and the understanding of them, will do that for you. It can be a painful trip but it is possible.Ignored
Disliked{quote} Hey! Look who decided to show up. You are travelling a lot with your ufo,take a break and stay around here.Ignored
DislikedHere is a comment from the video. I traded over ten years. I had periods where I did quite well, but overall lost. I tried everything. I agree with your assessment 100%. Along the way I remember Al Greenspan say that predicting currency prices was impossible? I believe him now. I did enjoy it, oh the big dreams and the belief that I found the holy grail, many times, or so I thought.... but like you, I wish I spent my time and money elsewhere. Don't try convincing a newbie, they have to experience it themselves. Years later they will understand....Ignored
Disliked{quote} My take on this is: Forex is mostly Random controlled by fear, greed, news, time zones, people awake or sleeping, holidays, trade ideas constantly changing, business trade, country trade, and inflation and trade balance between countries, etc. But I do believe in large countries, large businesses, and the Market Maker moving price beyond the turning points and bringing it back to where price once was. When price slowly climbs for several hours on end, and then in 1 hour, those 12 hours of climbing are wiped out. Another force is at work...Ignored
Disliked{quote} Very good post. I thought it would be interesting for new traders to present the notion that random generated data looks exactly like real markets. That a pro trader would not be able to distinguish the difference with random charts vs real market charts. That all the technical laws like Elliott wave,channels,fractals and support and resistance are seen on random charts. Most of the folk here are noobs, so this will help them learn something. __________________Ignored