If you truly believe this, why are you joining a trading forum? Don't tell me you are trying to save us from ruin?
Academics are not traders, traders are traders. However academics are generally smart people who are adept at devising quasi-empirical bullshit to razzle dazzle the great unwashed while bolstering tenure as well as stature among the theorists. If there were no edges, algo's could not make money and they are written by humans who understand the nature of price development. Those who put in the study and work can ultimately understand such but few do, therefore "markets are random", "PA/TA doesn't work (whatever the fuck means)", "only the institutions can make money, the markets are rigged" etc etc. Those who have done the work understand the probabilities of price direction given defined technical conditions as well as the risk and reward scenarios for a given trade. BTW, the worst way to learn to trade is to engage in these endless and mindless discussions.
LOL well wash that pig good. There is aways a reason for anything that happens. Something caused it. You may not know what caused but something did. And it will always show up on the chart. 99% of the time if price moves 1 tick an institution caused it. You may not know why they caused it but they did. It is not random. The faster that traders dispense with the random malarkey the quicker they will become profitable. It is easy to tell when a trader struggles. They pull out the ole random rabbit out of the hat. They can't explain it so they have to throw it in the waste can of randomness. Best take that garbage to the dump! ROFLMAO
Actually makes sense with the way the market was behaving since Dec 2018. And realize with a 27% you should double every 3 years, so doubling in 18 months is within your statistical spread. Most of my profits were generated in the last 5 years because of compounding and growth.
If you take the time to plot the indicator on your own, that is use the formula to compute the indicator values, you soon figure out how the price movement affects the indicator. So by watching what price does you can determine what the indicator is likely to do. Indicators just manipulate price data into a visually pleasing display. If price is trending it is likely to continue trending until it stops. The market will always continue in the direction it is going until it doesn't. Unless we know the intensions of every trader in the market we cannot know where the price goes next. It's wild ass guess vs educated guess combined with a little portfolio management and little risk control. My win rate is pathetic yet at the end of the year I'm profitable.
Mickey 4 bottles of snake oil were processed a few minutes ago in my journal. You may want to go there and see if you can detect what snake? LOL
Don't worry about the stupid winning percentage, a trader can make a killing even if he loses 70% of the time. "It's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong." (George Soros)
I'm not saying markets are random, I'm saying tick by tick and short term bar by bar is random. There are a gazillion noob and idiots who belong in a assylum who trade. They fuck price around, they're clueless, inept, stupid, only God can read their stupid brains and know why price moved. No one on ET has the mind of God to read the idiot random short term market moves or what the idiots are thinking. However, on a longer term basis, markets are semi logical, and the longer you trade & study the markets the easier it is to profit consistently profitable, handsomely profitable for good operators. That's because the idiots might be king for a second, but smart money managers rule at the end of the day.
Absolutely, at the tick level the market is virtually random, all the price action is generated by totally unpredictable buy and sell orders. I mean don't even try to trade a head and shoulders formation on a tick by tick chart, for example, it won't work.