Hey just a thought
The patterns you are interested in are ment to reflect human behaviour right? Well consider that people arent trading, computers are. However of course human behaviour is in some way the basis for the computational parameters of those EAs. But still, think about this fact, that its not people trading. An average forex position is open for about 30 seconds, i trade fast but i wouldnt even be able to beat the spread most times if i where to aim for that. So its EAs with little to no spread thats placing almost all the bulk of trades in forex, geographically near those centers where the data is collected.
Im incorporating H1 bollys P20 2 deviations to analyse which direction might be to volatile to trade, middle range of bollys dangerous stuff, and where there is a lot of space above/below inside the bolly. Though it seems something big is going on over at JP Morgan, look at silver the last couple of days, and there is big volatility in E/U right now. I think mid east stuff is making things really volatile.
The patterns you are interested in are ment to reflect human behaviour right? Well consider that people arent trading, computers are. However of course human behaviour is in some way the basis for the computational parameters of those EAs. But still, think about this fact, that its not people trading. An average forex position is open for about 30 seconds, i trade fast but i wouldnt even be able to beat the spread most times if i where to aim for that. So its EAs with little to no spread thats placing almost all the bulk of trades in forex, geographically near those centers where the data is collected.
Im incorporating H1 bollys P20 2 deviations to analyse which direction might be to volatile to trade, middle range of bollys dangerous stuff, and where there is a lot of space above/below inside the bolly. Though it seems something big is going on over at JP Morgan, look at silver the last couple of days, and there is big volatility in E/U right now. I think mid east stuff is making things really volatile.
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