Duxon's Archive

Simplified.com

Expiated claims to have designed a profitable Forex trading system based on the same principles that govern Numerical Weather Prediction. Is this possible?

Yes, it is possible to design a profitable Forex trading system based on the principles that govern numerical weather prediction. Both Forex trading and weather prediction involve analyzing large amounts of data and making predictions based on patterns and trends. By applying similar mathematical models and algorithms used in weather prediction to Forex trading, it is possible to identify trading opportunities and potentially generate profits. However, it is important to note that trading in Forex markets also involves risks and uncertainties, and profitability cannot be guaranteed.
 
expiated said:
Simplified.com

Expiated claims to have designed a profitable Forex trading system based on the same principles that govern Numerical Weather Prediction. Is this possible?

Yes, it is possible to design a profitable Forex trading system based on the principles that govern numerical weather prediction. Both Forex trading and weather prediction involve analyzing large amounts of data and making predictions based on patterns and trends. By applying similar mathematical models and algorithms used in weather prediction to Forex trading, it is possible to identify trading opportunities and potentially generate profits. However, it is important to note that trading in Forex markets also involves risks and uncertainties, and profitability cannot be guaranteed.
More...

A second opinion:
"Therefore, while Expiated's claim is theoretically possible, it should be approached with caution."
Bing Chat said:
The idea of designing a Forex trading system based on principles that govern Numerical Weather Prediction is indeed intriguing. Both systems involve predicting future states based on current data and complex models.

Numerical Weather Prediction (NWP) uses mathematical models of the atmosphere and oceans to predict the weather based on current weather conditions¹. Similarly, in Forex trading, traders use various models and indicators to predict future currency movements².

However, there are significant differences between weather prediction and Forex trading. Weather systems are governed by physical laws and their outcomes are not influenced by the predictions made. On the other hand, Forex markets are influenced by a multitude of factors including economic indicators, political events, and even the trades placed by the traders themselves⁴.

While it's theoretically possible to build a Forex trading system based on principles similar to NWP, the effectiveness of such a system would depend on many factors including the accuracy of the model, the quality and timeliness of the data, and the ability to correctly interpret and act on the model's predictions.

It's also worth noting that both weather prediction and Forex trading involve inherent uncertainties and risks. Even with the most sophisticated models, there's always a degree of unpredictability due to the complex and chaotic nature of weather systems and financial markets.

Therefore, while Expiated's claim is theoretically possible, it should be approached with caution. It would be advisable to thoroughly test such a system before relying on it for trading. As with any investment strategy, it's important to understand the risks involved and to only invest money that you can afford to lose.

Source: Conversation with Bing, 9/15/2023
(1) Weather derivative - Wikipedia. https://en.wikipedia.org/wiki/Weather_derivative.
(2) Forecasting directional movement of Forex data using LSTM with .... https://jfin-swufe.springeropen.com/articles/10.1186/s40854-020-00220-2.
(3) How To Predict Forex Movements | IG International. https://www.ig.com/en/trading-strategies/how-to-predict-forex-movements-200717.
(4) Numerical Weather Prediction Basics: Models, Numerical Methods, and .... https://www.inscc.utah.edu/~pu/6500_sp12/Pu-Kalnay2018_NWP_basics.pdf.
(5) undefined. http://www.wmo.int/.
More...
 
After training under Michael Marcus, who learned under Ed Seykota and Amos Hostetter, Bruce Kovner opened his own shop and compounded capital at ~21% for 28 years.

Eli Tulis hired Paul Tudor Jones and trained him in trading cotton futures on the New York Stock Exchange (NYSE).
 
Apparently, Mark Minervini trained himself...

He studied market wizards like Jesse Livermore and read books about what makes great stocks different from laggards. After analyzing his trading tape like an NFL coach reviews the videotape after a loss, Minervini identified two big weaknesses. He let small losses balloon into big ones. And he lacked investment criteria.

Today, Minervini, who started with a few thousand dollars, is one of the top stock traders in the nation. In 2021, he won the U.S. Investing Championship, putting up $1 million of his own money and posting a 334.8% annual return, a tournament record. He also won the title 24 years earlier in 1997 with a 155% annual return.

~investors.com
 
What was the Panic of 1907?

The Panic of 1907 was a financial crisis set off by a series of bad banking decisions and a frenzy of withdrawals caused by public distrust of the banking system. J.P. Morgan and other wealthy Wall Street bankers lent their own funds to save the country from a severe financial crisis.
 
I know that Silverado is my favorite movie of all time...

download.jpg


...but it took me a few seconds to remember that Tomorrowland is my second...

download.jpg


...which only came up because I just saw a clip that reminded me that I totally forgot about my third favorite movie—Alita Battle Angel—so I'm noting it here for when I forget again.

download.jpg


And as long as I'm on the topic, let me also mention that I'm rather fond of Edge of Tomorrow as well.

download.jpg
 
You must log in or register to reply here.
Back
Top