Coming from you Prof, that's very funny ... in fact, it's absolutely hystericall!!!Quote from ProfLogic:
Funny seeing Jimmy calling someone abusive. That is like Jeffrey Dahmer calling someone cruel.
This isn't exactly true, although those to whom fate has been kinder tend to think so.Quote from ProfLogic:
People control their own destiny Kamala . . . fate is simply the outcome of their decision making process.
C-Kid/etc. is much closer to having a good understanding of how things work than his frivolous personalities would lead anyone to believe.
***
Having said that, I will go on to say that the market is not ramdon:
1. The market is not random.
2. It moves through two different states:
a) strongly trending action/range expansion/increase in volatility
b) consoliation action/range compression/decrease in volatility
3. During these states, the market performs in a way where it will generate a specific result which is greater than the binominal probability of a 50/50 coin toss.
(example: when the market is in an uptrend, and price is trending strongly, there is a greater than 50% chance that taking a long trade will yield a profitable result).
4. Therefore, strategies can be designed to take advantage of (and profit from) either of these two states.
4. Even when you have devised a method to capitalize on any given market and the state (trending or consolidation) that your method capitalizes on, your potential for success will always be greater than 50% and less than 100%. Therefore, you will never have an absolutely 100% success rate.
So, by my definition c-kid/etc., the market is not random, because you can achieve a result which is better than what a completely radom, binominally distributed, coin toss would produce.
Note to Ivan: Despite the nonsense, I do enjoy these conversations, as we are able to discuss these trading concepts at a relatively high level, considering the fact that we makeup the market of retail traders, which is a pretty select (and small) group of people, as it is.