All of this is completely irrelevant and useless.
If you can't or won't explain your process, I just don't care.
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Looking for higher timeframe candlestick overlay indicator 6 replies
Beating the Odds - Edge Within a Single Candlestick (Explained) 70 replies
An Edge for an Edge (System Development) 113 replies
top 2 single candlestick pattern 7 replies
There is No Edge in a Single Candlestick 64 replies
DislikedYou can't create a game with positive expectancy on random data. Working with that idea in mind, I suddenly found myself with a lot less work to do.........where does market data deviate from random data? Is it possible to define price points that show a better-than-random propensity to become turning points?Ignored
Disliked{quote} Yes. And how would they look like if you started them 1 minute / 17 minutes / 3.5 hours ago or last Thursday? Different. This is one of the low hanging fruit and huge timesavers you can take away from this thread: candlesticks don't mean shit.Ignored
Disliked{quote} FWIW I see things very similarly to you. I posted a list of some non-random phenomena in myth #22 here. As this is a public forum, I don't want to give the game away, but I've satisfied myself that a few of these, combined with some basic FA, can give one a very solid starting point. It's a case of finding potentially overriding reasons for bias, and then using key zones and flows to fine tune your timing.Ignored
DislikedIn reality, "randomness" is a euphemism for either a lack of information; or a lack of knowledge about what information is available, and how to use it profitably.Ignored
Dislikedposting a chart with an entry point would n't take more than 1 minute, & the OP [and CP] could have saved all these talks arguments & "wastage of time" of unfortunate Forex-factory folks who don't have a "3rd eye". Not all edges are trade-able, let alone profitably. Its like saying, there's a 100% guaranty there will be 24 candles in the hourly chart by the end of today. Either he thinks himself bestowed with "alien-ish knowledge" or his strategy "a digital ATM-box". The OP wants to help people by making them waste their time reading 91 pages! That's really...Ignored
Disliked{quote} Oh come on now. Nobody cares how many magic calls you made - I can send you a whole 200MB PDF that shows clearly I'm fucking Gandalf and can not only predict but make the future. I can not only remember the high in cable, I can also remember the not quite high of e/u in 2008 @ 1.50 where I thought it couldn't go much further. Guess what, I was right, if you define the boundary conditions for "right" accordingly. All of this is completely irrelevant and useless. If you can't or won't explain your process, I just don't care.Ignored
Disliked... I could focus instead on one thing only: where does market data deviate from random data?...Ignored
Disliked{quote} If you say that a bunch of numbers need to carry information before it can be called "data", point taken.Ignored
DislikedI sure wish I read that whole post, and not only #22, before I started digging on my own... but maybe I wouldn't have been able to really appreciate it.Ignored
DislikedInconclusive: the x-axis seems to be not really important. {image} It's 10 pips between the grey lines, plenty enough to make some $ even considering spread, comm, special broker features. When I grow up, I want to be able to do this on a 20 pip renko...Ignored
Dislikedmarket makers interpret data as per their wish since they can move price and retail trader cannot. market makers decide when and how to trade available informationIgnored
Disliked{quote}Thanks. You might enjoy the videos of Tom Dante (if you haven't already discovered him). He's a successful ex-prop trader who tends think along some similar, no-nonsense lines. (He's also a very colorful character, so expect some bad language!!)Ignored