Forex Price Movement, Is It Random ?
This thread randomly flips a coin 150 times and then generates a chart based on the results, it generates chart with head and shoulder patterns, and it creates support and resistence.
Why do we seek for an edge in trading when forex price action seems to be random?
Last edited by CycleTrader; 03-22-2011 at 22:33.
Because trends exist... (do not ask me what TF ☺)
ES
YEEPPPP..............
Last edited by fxfx11; 03-23-2011 at 20:20. Reason: YEEEPPPP
YEEEPPP.............
Last edited by fxfx11; 03-23-2011 at 20:20. Reason: YYYEEEEEEEEEPPPPP...........
....zoom zoom
The reply in that thread by the mathematician was good. - fx markets are controlled by the big banks and their trading is in no way random.
YEEPPP..........
Last edited by fxfx11; 03-23-2011 at 20:22. Reason: YEEPPP.............
ZOOOOOOMMMMM .....
paradox - is it our own fault that the market looks random?
we find a pattern, exploit it, and by exploiting it the pattern dosent exist.
a bit like shooting the cat in the box paradox... ok not really, but its my favorite
yep - ZOOOMM
YEEPPP.............
Last edited by fxfx11; 03-23-2011 at 20:23. Reason: YEEPPP............
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