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. schizo

    schizo

    You'll need to automate it. And from what's been said, VST does use an algo. So no problem. But manually trading it...

    [​IMG]
     
    #271     Feb 6, 2024
  2. volpri

    volpri

    If a persons scalps for 1 tick then they can do that multiple times on one 5 min bar. There are 81 five min bars in the day session. Scalp each 5m bar multiple times. But at the end of the day you will become nauseated to look at the commissions you pd and your broker will be eating ribeye instead of a burrito at taco bell!
     
    #272     Feb 7, 2024
    SimpleMeLike likes this.
  3. volpri

    volpri

    I will sometimes scalp a 1m chart but it requires intense concentration and focus and very quick decision making.
     
    #273     Feb 7, 2024
    birdman and SimpleMeLike like this.
  4. ironchef

    ironchef

    What if you can pick up pennies scalping but also try to catch a breakout or run? There is nothing to prevent you from doing it in day trading. Isn't that what VST and we all are trying to do?

    However, it is hard enough making a discretional decision, much harder to do it with algo?
     
    #274     Feb 7, 2024
    SimpleMeLike likes this.
  5. SunTrader

    SunTrader

    VST has all kinds of Strategy Performance Reposts that any TradeStation user can generate. For someone who is doing what he claims he is doing, why bother with trolling for chat room users?
     
    #275     Feb 7, 2024
  6. volpri

    volpri

    Maybe he is bored?
     
    #276     Feb 7, 2024
    SimpleMeLike likes this.
  7. volpri

    volpri

    Like this?
    IMG_5695.png
     
    #277     Feb 7, 2024
    Jzwu2017 likes this.
  8. That was a nice run buddy, with this kind of rate of return, have you reached million profit from trading yet.
     
    #278     Feb 7, 2024
    SimpleMeLike likes this.
  9. SunTrader

    SunTrader

    Are you are as well, coming up with that?
     
    #279     Feb 7, 2024
  10. Good Morning doubledoubledoublecup,

    Yes it is. No, no millions profit yet. Slowly, be surely I will reach a million.
     
    #280     Feb 7, 2024