Is price movement really random and unpredictable?

Discussion in 'Trading' started by schizo, Jan 9, 2024.

How accurately can you predict the next bar or candle?

Poll closed Feb 8, 2024.
  1. Usually less than 25% of the time

    23.1%
  2. Between 25% - 50%

    28.2%
  3. Between 50% - 75%

    33.3%
  4. Almost always above 75% of the time

    15.4%
  1. ironchef

    ironchef

    Good to know another serious retail on ET. :thumbsup:

    Best wishes for the new year.
     
    #171     Feb 4, 2024
    NoahA likes this.
  2. ironchef

    ironchef

    Wait, don't tell me you bought the algo? o_O
     
    #172     Feb 4, 2024
  3. SunTrader

    SunTrader

    How about Alpo?
     
    #173     Feb 4, 2024
  4. NoahA

    NoahA

    God no. But when we spoke, he did a "soft sell" by telling me he needs to go soon to pick up some money from his clients. I guess that makes a trader think that if other people are paying for it, it must be good!
     
    #174     Feb 4, 2024
    semperfrosty, rb7 and ironchef like this.
  5. ironchef

    ironchef

    After staring at the charts again and again for the last two days, I have some idea to try out and will do some real time paper trades tomorrow.

    Note: I am not trying out his method, just that the charts triggered in my mind some ideas on tight loss control and let profits run and I am modifying the way I day trade to see if it helps.
     
    Last edited: Feb 4, 2024
    #175     Feb 4, 2024
  6. TVIS

    TVIS

    It seems that we can make some predictions
    Walking the Talk: EURUSD Target is Jan 25 HIGH
    Risk 10%
    No SL
    The entry price is 1,07540
     
    #176     Feb 5, 2024
    Onra likes this.
  7. SunTrader

    SunTrader

    If you are risking 10% that is your SL.

    Any timeframe to reach target?
     
    #177     Feb 5, 2024
  8. TVIS

    TVIS

    No TF
    Allow me to clarify what I meant - My entry amount 10% of my account
    If the price goes against me by 10x, that might trigger the Stopout Level, but I don't think it will go that far. Max 3x, maybe
    What I mean is I entered just 10% of the account
     
    Last edited: Feb 5, 2024
    #178     Feb 5, 2024
  9. SunTrader

    SunTrader

    Ok I understand, although risk is whether a trade loses or not - never a dollar amount.
     
    #179     Feb 5, 2024
    TVIS likes this.
  10. rb7

    rb7

    "Pick up some money..."???

    Who's doing that these days?

    Like the guy is receiving cash money for his algo?
     
    #180     Feb 5, 2024
    semperfrosty likes this.