Can you tell with naked eyes? | Forex Factory

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Can you tell with naked eyes?

  • #1
  • First Post: Apr 14, 2010 4:43am Apr 14, 2010 4:43am
I need help from experienced traders. I have generated random price movement and plot OHLC charts. I wonder if it is possible to distinguish them they are random price charts with naked eyes?

http://cdn.forexfactory.com/attachme...6&d=1269613820
  • #2
  • Apr 14, 2010 4:43am Apr 14, 2010 4:43am
A few more

http://cdn.forexfactory.com/attachme...7&d=1269613820
  • #3
  • Apr 14, 2010 5:22am Apr 14, 2010 5:22am
This is why patterns are the fools gold of the market.
Economists have forecast 9 out of the last 5 recessions
  • #4
  • Apr 14, 2010 5:26am Apr 14, 2010 5:26am
not another random thread, please.

the amount of randomness (like many other things) is not quantified by guessing with the naked eye but by strict mathematical methods instead.
  • #5
  • Apr 14, 2010 5:27am Apr 14, 2010 5:27am
Quoting markmm
This is why patterns are the fools gold of the market.
markmm, what are you doing in forex, if you are convinced that the market is not tradable?
  • #6
  • Apr 14, 2010 5:30am Apr 14, 2010 5:30am
This chart could be fx, perfect triangle. You could even be short from the top.
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Measure twice, cut once
  • #7
  • Apr 14, 2010 5:36am Apr 14, 2010 5:36am
If u put the volume i think is possible distinguish from real and random charts. Volume inteded as true volume (traded orders) and not tick volume.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #8
  • Apr 14, 2010 5:43am Apr 14, 2010 5:43am
Quoting 7bit
markmm, what are you doing in forex, if you are convinced that the market is not tradable?
It is tradeable, but not using patterns, at least not the traditional patterns.
Economists have forecast 9 out of the last 5 recessions
  • #9
  • Apr 14, 2010 6:04am Apr 14, 2010 6:04am
Quoting kk007
I need help from experienced traders. I have generated random price movement and plot OHLC charts. I wonder if it is possible to distinguish them they are random price charts with naked eyes?

http://cdn.forexfactory.com/attachme...6&d=1269613820
Why ?
  • #10
  • Apr 14, 2010 6:10am Apr 14, 2010 6:10am
Focus is different on this thread. My point is if experienced traders cannot distinguish a random chart from real price movement chart using naked eyes, how naked trading possible?

Quoting 7bit
not another random thread, please.

the amount of randomness (like many other things) is not quantified by guessing with the naked eye but by strict mathematical methods instead.
  • #11
  • Apr 14, 2010 6:11am Apr 14, 2010 6:11am
Quoting H. Rearden
Why ?
Just answered above.
  • #12
  • Apr 14, 2010 6:14am Apr 14, 2010 6:14am
The debate for this kind of topic will never end!
  • #13
  • Apr 14, 2010 6:15am Apr 14, 2010 6:15am
It's all pretty irrelevant, whether random or not.

If you know it's going to move, it's 'tradeable'.
  • #14
  • Apr 14, 2010 6:18am Apr 14, 2010 6:18am
Quoting ForexQuant
The debate for this kind of topic will never end!
There are so many threads on the forum. If you think this one is not necessary, you can study other threads. I don't think the existence of this thread create problems for anyone.

My purpose here is to know whether there is a trader so skilful that they can just use his naked eyes to tell. Perhaps, it is possible for me to gain this level of ability.
  • #15
  • Apr 14, 2010 6:22am Apr 14, 2010 6:22am
Your focus stipulates that markets are random. You do this by not explaining what has generated your [random] charts and at the same time claiming that financial market charts are based on the same logic.

That is not the case.

Explain to us what has 'generated' your charts, then explain to us what generates the chart of a financial product. Once the difference becomes clear, you have your answer.

H. Rearden
  • #16
  • Apr 14, 2010 6:26am Apr 14, 2010 6:26am
kk, I didnt mean this thread is not necessary.

Allow me to change your question a bit. Here are the charts from mandelbrot's works. The original source will not be revealed now so that we can play the game.

The name of the game is Spot the fake! One the chart is fake and another one is real. Anyone can tell which price chart is fake? Why?
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  • #17
  • Apr 14, 2010 6:27am Apr 14, 2010 6:27am
No. I believe there are subtle difference between real and random charts. I want to gain the ability to distinguish them by naked eyes. That is why I post this thread.

The randomising method is here. The chart is generated in Excel and can be downloaded free here.
http://www.forexfactory.com/showpost...7&postcount=30

Quoting H. Rearden
Your focus stipulates that markets are random. You do this by not explaining what has generated your [random] charts and at the same time claiming that financial market charts are based on the same logic.

That is not the case.

Explain to us what has 'generated' your charts, then explain to us what generates the chart of a financial product. Once the difference becomes clear, you have your answer.

H. Rearden
  • #18
  • Apr 14, 2010 6:29am Apr 14, 2010 6:29am
This ability to answer your question is exactly what I am looking for in this thread. Perhaps, your rephasing of the issue may reduce some misunderstandings here. Cheers.

Quoting ForexQuant
kk, I didnt mean this thread is not necessary.

Allow me to change your question a bit. Here are the charts from mandelbrot's works. The original source will not be revealed now so that we can play the game.

The name of the game is Spot the fake! One the chart is fake and another one is real. Anyone can tell which price chart is fake? Why?
  • #19
  • Apr 14, 2010 6:37am Apr 14, 2010 6:37am
Quoting kk007
No. I believe there are subtle difference between real and random charts. I want to gain the ability to distinguish them by naked eyes. That is why I post this thread.

The randomising method is here. The chart is generated in Excel and can be downloaded free here.
http://www.forexfactory.com/showpost...7&postcount=30
By looking at the instrument label, you gain the unique advantage of knowing that it is a real price chart. It won't fool you into thinking it could be random.

The 'ability' you would like to possess, would only be of use if random charts would sneak onto your computer screen, trying to make you think they are real - and at the same time entice you to place an order (for which luckily no broker would take responsibility because of non-existence).

So, there we go - the ability you so desire can be circumnavigated.

H. Rearden
  • #20
  • Edited 7:07pm Apr 14, 2010 6:44am | Edited 7:07pm
Quoting kk007
I need help from experienced traders. I have generated random price movement and plot OHLC charts. I wonder if it is possible to distinguish them they are random price charts with naked eyes?
just one showing simple way.


EDIT:if u dont know how to use any methood,system or any indicator. it does not mean they does not work.
every one is diffrent and their methood.if u know that something works please share with the people who doesnot know.stop bargaining(arguing) and stop searching for perfect method system or indicator.keep practicing what u allready know.dont waste precious time.market will teach u better than anyone else.be a student of market.
happy trading
sho
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