A wide open area for interpretations. I am not sure, however, I understood it entirely (scratching his head) MAESTRO
There is an interesting thread on ET called 'Why is the obvious not so obvious' Maybe patterns have nothing to do with trading
I won't argue against random walks, but do you think that returns are independent and identically distributed? Also please poke holes in the following: http://www.econstor.eu/bitstream/10419/54730/1/683227351.pdf
for the houses to make money they have to buy stocks, run them up, ,get folks to buy them from the houses who purchased at a lower price,houses unload there longs and get short,then take it down,rinse repeat,for this game to work for the last hundred years the markets have to keep moving to the upside ,to sell the buy and hold theory,with an ocassional large correction,these companies don't actually become worth 500 million or a billion more on friday than they were on monday,some of you guys are just too smart to trade,no offense
omg the trickster is still trapping away. will he never let up question. how do you prepare for those freak day runs... or how do you know it will be different than the last?
Sorry, but people who say there are no patterns in the markets, do not know anything about trading. The market itself is a matrix of patterns, its exist only of patterns. I would say there are about 5 - 10 major patterns for all time frames and them you can split again into 5 or more of each of them, because so special are some situations. But the markets, and i mean all markets, are a repetation of pattern, over and over again. The only random thing is the so called noise inside the lower time frames of the patterns, but this is still not 100% true, because this moves are also rules by lower timeframe patterns. Its all about testing and retesting Highs and Lows. Thats the market. This is the truth, because i know what i am talking about, i am trading a few of this patterns. They are pretty difficult to find, but if you have found them you have the holy grail and know the secret knowledge what all the other big traders, bankers and hedgefund gamblers know, and this secrets are there for over 50 years. You just have to study the price history and read it correctly. There are for sure a lot more perfect working patterns there, then as i trade, but i have enough. I have 8 perfect major patterns, for almost eacht timeframe for short and long term trading. And everyone of them is very special and have its own rules. You can imagine how much work i pulled in to find that out. Almost 3 years every day 20h work on the charts, and this is no kidding, and i am not an dumbass, i have ambition, if i want something - i do everything to get it or i die trying. So to find these patterns and determinate what are the true probatilities in this things, is a lot of work, and i mean really a lot of work, but you only have to do it once a life. This is hardcore stuff. So nothing for lazy idiots. This is really hard work, everyone who is not ready for it to give everything, will be a loser and never understand the complex matrix about the markets. This game is about making millions of millions, of course, it is hardcore difficult. So bang your head against the wall and come clear and understand what i have said. Work off your ass or get lost. This is not for lazy ass people. NOTHING IN THE WORLD IS FOR FREE. AND MONEY IS THE REAL GOD OF PEOPLE. WELCOME TO REALITY.
<object style="height: 390px; width: 640px"><param name="movie" value="http://www.youtube.com/v/Qy9AACR0uUc?version=3&feature=player_detailpage"><param name="allowFullScreen" value="true"><param name="allowScriptAccess" value="always"><embed src="http://www.youtube.com/v/Qy9AACR0uUc?version=3&feature=player_detailpage" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="360"></object> [/QUOTE] Watch This !!! This is exactly like learning trading. You must feel the pain to succeed. You can only learn through pain and suffer. Thats the real world. :eek: :eek: :eek: