Disliked{quote} This suggestion that the longer the time the more it approaches random runs counter to advocates of trading the longer tf, no? Possibly both sides are equally steeped in cognitive bias of some form of dependency based on the individuals beliefs ?Ignored
For example if I superimpose a 'pseudo random' price series series on top of another 'pseudo random' price series, I can actually reduce the randomness present in the blended system. This is how engineers reduce the noise in signals using principles of destructive and constructive interference (eg those noise reducing earphones you might wear on your flights to Monte Carlo). Applying this to the market, what is noise on the lower timescales gets progressively reduced to amplified non-random signals in the longer term. The signal to noise ratio is amplified over the longer term time horizon.
The good things about discussions like these is that it encourages you to think about the logic of your approach and try to define the underlying assumptions. What is less interesting are those forms of discussion where white is white and black is black....or he said she said type of argumentative discussions. The posts on this thread have unfortunately occupied too much of my time today *thinking*.....but that's why they are fun. :-)
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