All that matters is whether you are profitable or not.
- #42
- Apr 11, 2008 12:32pm Apr 11, 2008 12:32pm
Short term trading is completely random. I know that some folks here enjoy my posts, while others despise them. (I'm too cynical, lol)
I just gazed into my EURUSD chart and scrolled back on the H1 for a few months. There is pure chaos at the H1 level. Zero rhyme and reason, just central bankers reacting to news and hunting stops. This is the Quantum (irrational world) and not the Macro Physical world that Newton observed with a bright red apple.
Okay fibonacci traders, start posting how H4 fib levels match perfectly. As for me, I am in the camp that price is a result of Superstring for the Superwealthy (bankers, that is.)
No..
Do you see a young woman or an old lady?
Well, you're both right and your both wrong. If you don't know what you are looking for, you think the other guy is smoking crack. That's all.
Once someone shows you what's going on, then you see..
. And I hate you for exploiting your quantum superposition knowledge over the market TB lol.
Short term trading is completely random. I know that some folks here enjoy my posts, while others despise them. (I'm too cynical, lol)
I just gazed into my EURUSD chart and scrolled back on the H1 for a few months. There is pure chaos at the H1 level. Zero rhyme and reason, just central bankers reacting to news and hunting stops. This is the Quantum (irrational world) and not the Macro Physical world that Newton observed with a bright red apple.
Okay fibonacci traders, start posting how H4 fib levels match perfectly. As for me, I am in the camp that price is a result of Superstring for the Superwealthy (bankers, that is.)
In reverse of what happened in market, we know where the current price is, but all function variable that made current price is unquantifiable by us, so we see it as 'random'. But it actually is not.
So its back to our limit of knowledge. How can we judge something as it is if we know that our vision is limited?
- #46
- Apr 11, 2008 8:38pm Apr 11, 2008 8:38pm
- Joined Feb 2006 | Status: Blah blah blah | 1,410 Posts
The breaking of a wave cannot explain the whole sea.
- #47
- Apr 12, 2008 4:09am Apr 12, 2008 4:09am
- | Joined Feb 2008 | Status: Live long and have fun :) | 1,386 Posts
Open any chart including m1 and watch the candles. Would you say that the fact that at least half the time you'll ussualy have a sequence of candles, plus including their sizes as a variable, going in a certain direcion would be true if each candle was determined by the flip of a coin ? Would you say that when market suddenly goes flat for a while relative to the previous "wavy" condition is a random occurence on the single candle scale determined like a flip of a coin ? Would you say that certain news related moves (not neccesarily during the news themselves also) and other stuff I won't go into detail about now but exist and are often quite highly deterministic when they occur are all random ? Somehow I don't think so... 
With that being said, I believe that predicting anything beyond the next move (on a relevant TF for that move) is likely to be random in the vast majority of cases and predicting just the next move so that the prediction is indeed more likely is not always possible either but often anough so that with lots of practice and use of proper rules to identify different types of moves - you can choose the right direction and profit from it all longer term.
With that being said, I believe that predicting anything beyond the next move (on a relevant TF for that move) is likely to be random in the vast majority of cases and predicting just the next move so that the prediction is indeed more likely is not always possible either but often anough so that with lots of practice and use of proper rules to identify different types of moves - you can choose the right direction and profit from it all longer term.
On the path to Enrichment.
