QuoteDislikedEUR/USD, 5min, total 65535 bars somewhere begin from 2007.
Thank you for posting the information
Daniel
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QuoteDislikedEUR/USD, 5min, total 65535 bars somewhere begin from 2007.
QuoteDislikedThe randomness has been discussed in FF many times and always end up with heavy cross fire. http://cdn.forexfactory.com/images/s.../whistling.gif
DislikedIndeed, I see your point is made pretty clear with the Q-Q Plot. I made a very strong statement and I was wrong in doing so, definitely there is a strong degree of kurtosis as shown in your chart. However do you believe that the larger time frames follow a distribution closer or further away from a normal distribution ? This is what I was thinking about in the first place, that the deviations from normal distributions are larger in the higher time frames. What do you think ?
Thank you for posting the information
DanielIgnored
QuoteDislikedWell, I don't believe there is such thing as crossfire, there are facts and opinions and if we work on facts we arrive at the truth. I say something, you say I'm wrong, you show me why with evidence and I can rethink, reanalyze what I said and reissue my hypothesis and statements. I just see it as a learning experience for everyone
As long as there is a positive attitude nothing bad can come out of it !
Daniel
QuoteDislikedIMHO market does have a fractal structure therefore its statistical properties and behaviour will remain unchanged in regardless of timeframe.
QuoteDislikedNot everyone can accept truth. They refuse to accept mathematical evidence and tell you that mathematician is not a traders, bla bla bla...
QuoteDislikedBut dont make me wrong, I did not mean market is random or not random. In facts it is chaotic, non-deterministic chaotic.
DislikedParticularly it comes to the conclusion that the different time frames do behave quite differently. The study can be found here.
I it helps further make the point that the markets aren't indeed totally efficient,
DanielIgnored
DislikedI've been involved in this debate many times before... I think many of us have. What have I learned from all of this nonsensical BS? Well, first we must define the word "random" cause otherwise we'll fill up the first 20 pages of the thread with semantics. And whom shall we use to define that word...
Let's use Merriam-Webster... cause they're way old school England, and way old school England is super sopchistaceted and stuff
random: without definite aim, direction, rule, or method <subjects chosen at random>
Let's break it down,...Ignored
DislikedI open this thread in the hope that we all can gain a better insight into how and what moves Forex - the Global Currency market.
My opinion for what it is worth, is that the market is totally random and all indicators, EA's and other systems are totally useless at predicting any future price movements.
Bring up any chart and place any indicator on it, with the totally random movement of price, you can clearly see that
Moving averages,
Fib points,
Pitchforks,
Channels,
Support and resistance,
Candle formations and
anything else you...Ignored
DislikedBring up any chart and place any indicator on it, with the totally random movement of price, you can clearly see that
Moving averages,
Fib points,
Pitchforks,
Channels,
Support and resistance,
Candle formations and
anything else you can think of ...
are respected at some points but not others.Ignored
DislikedI have been reading this post with interest. What strikes me is that there is any debate at all about whether the market is random. it cannot be for two obvious reasons. The market is not some abstract entity, it is merely the collective opinion of a large number of humans and increasingly robots that are programmed by humans. Humans for a large part are predictable, so how could the market not be? To prove that humans are predictable I am happy to predict now that somebody will reply to this post and disagree with me thus proving my point for me....Ignored