DislikedCandle stick patterns are classic BS, all named by the Chinese to make them sound good, what happens on 1 candle stick gives zero predictive ability to the next and if you slide the start and end time around you'll notice there RANDOMLY formed nothing more. But you still here ohhh my 4H chart had a Pinbar so the market will do X and guess what 50% of the time it will do, doesn't make them right.
Not like the Chinese elders even trade LOLIgnored
Since we're talking bout predictive ability,
Here's a 1 year analysis of the major pairs on small timeframes.
One important conclusion drawn from this study is that the spot FX market is weak-form efficient on minute data.
What that means is that "future prices cannot be predicted by analyzing prices from the past" on a small time-frame.
Why do you feel historical prices are informative on the minute charts? And can you substantiate your claims.
DislikedHow do you think quant funds earn their money?
And yes, some of these funds manage billions.Ignored