The market is not random

This is a renko chart of an actual future contract. It seems that there are about 250 boxes. I see that there are few big consecutive runs:

18 up boxes
23 up boxes

Can someone calculate the probability of getting 18 and 23 consecutive runs within 250 tries?

My calculations show that if there is 50% chance of getting an up or down box the probability of getting the above is very low.

I see such runs very often. This is only one random sample.

I say the market is not random. Does this mean that it is not efecient?

 

It means that the market isn't normally distributed, not that it isn't random or efficient.

 

Or maybe it's just because you posted a Renko chart that showed an uptrend, and thus had a couple of long consecutive up legs.

Trending Renko charts are a hot mess. To see the yin to your chart's yang, see the attachment.

 

Here's a great one, a Renko crude chart. This chart is the tale of 2008.

 

market is RANDOM

but you are too young to know

give yourself few years grasshopper

give it few years

 

First, convince yourself blooming grasshopper.

 

you have no idea who you are talking to

banks would KILL to employ me

 

Why?

 

I know for a fact you ain't dumb

what you don't know is that

I ain't dumb either

good trading to ya

 

Hows it going jasonn? Bad I assume.