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    Do you see patterns in Random Walks?

    You're confusing "Efficient Market Hypothesis" with Random Walk/Brownian Motion. Rationality and a random walk have nothing to do with one another in this case... For the other poster, how do you differentiate between a random pattern and trad-able/predictable patterns?
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    Malcolm Gladwell on Trading

    You can make/lose money with complex strategies... You can make/lose money with simple strategies... It's not that convenient. Malcolm Gladwell "the king of anecdotal evidence" is presenting a situation in which fewer variables tend to provide more accurate prognosis. It would be naive to...
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    Do you see patterns in Random Walks?

    Chartered Market Technician. http://www.mta.org/eweb/dynamicpage.aspx?webcode=chartered-market-technician
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    Do you see patterns in Random Walks?

    Great find... I guessed A, E, F, G, I were fake. J came close... I couldn't find the next blog with the answers lol. I wonder how many I got right. Perhaps we can identify candlestick charts that are real, but do we have enough information to profit from it? I still claim that patterns are...
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    Al Brooks Trading Best Pice Action

    That seems like a cool movie. I don't know if I can handle more of Michael Lewis' work though. My rebuttal to would be, how many athletic programs have applied the use of statistics to come up with game-plans and failed? This is an example of confirmation bias. How do we not know if x amount...
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    Do you see patterns in Random Walks?

    This is slightly beyond my comprehension. I know about time series and probability distributions. What's serial dependency in a t.s.?
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    Don't risk your money on myths

    You only have history as a guide... I model my risk by backtesting price action but I understand that "black swans" can occur. Backtesting suits better as a guide then to actually develop specific strategies. Certainly history repeats itself but the variations can be immense.
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    Do you see patterns in Random Walks?

    I agree with this. It's not to say that intuition is always wrong or scientific reasoning is always correct... but for the most part its true. TA seems like pseudoscience... combination of "gut feeling" and questionable analysis of probabilities/statistics. It amazes me how you can take x...
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    Was this the biggest insider trade ever ?

    He supposedly never shorted a stock in his life. :p
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    Do you see patterns in Random Walks?

    Say what you want but the guy was literally using Elliot Wave and modeling the price action from the 1929 crash... sure they could've used other methods but that's the best inference we have.
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    Al Brooks Trading Best Pice Action

    Lol @ you suggesting that George Soros or John Paulson can learn anything worthwhile about trading from "bar by bar" Al Brooks...actually they may learn what not to do. I could just picture Soros bet the farm on huge $ trades every 5 minutes from Brooks' trading signals (if the scalability...
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    Al Brooks Trading Best Pice Action

    Lol ok, I wonder if George Soros, John Paulson or any profitable HF manager also trades bar by bar?
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    Do you see patterns in Random Walks?

    Sure it's impossible for one man to test "every" TA strategy. But academics as a group have been studying the subject for half a century... why are there only such a few anomalies? Eugene Fama's "Random Walk" is probably sensationalism of the financial markets system. Benoit Mandlebrot wrote...
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    Al Brooks Trading Best Pice Action

    This is a fair analysis. But should only pro Al Brooks comments be allowed on this thread? I thought ET was a forum where people can debate the merits of certain authors, strategies, etc. Is it really wrong to criticize Al Brooks? I think his approach teaches to trade noise and ultimately to...
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    Do you see patterns in Random Walks?

    Thanks marketsurfer and proflogic for hijacking the thread. Everyone appreciates your banter with one another. Hopefully we can return to the main theme... Regarding patterns, the inventor of stat arb, Victor Niederhoffer, wrote about how he used to test all sorts of technical analysis...
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    ET Makes IT Happen. Better than CNBC!

    The brokers win, the brokers win!
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    book : Speed Traders

    I'm not... I just don't like reading books that turn out to be pitchbooks for something. Earlier this year I bought "The Other Side of Wall Street" by the minyanville guy. It was also $16 but I'm still not happy paying for garbage, at any cost. At least Todd's book was short and a better...
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    Do you see patterns in Random Walks?

    The people that trade of illusionary patterns probably would care.
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    Do you see patterns in Random Walks?

    This sounds like it relates to quant strategies derived from the bell curve... bad news!
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    Do you see patterns in Random Walks?

    US did the same thing in fall of 2008... this is not unusual. Short selling has a bad reputation. It's very difficult to short Chinese stocks since the market's infancy. Actually I believe the prime minister of Pakistan forbade stock prices to trade below their yearly lows the same...
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