How much different Is forex from the stock market

[achilles28]

Quote from late apex:

They do. On multiple time frames, no less.

Coincidentally (or not...), those TA tools happen to present a considerably greater programming challenge when it comes to computer testing -- let alone ATS design -- than most indicator-type TA tools. However, they seem to be custom-made for a discretionary trader.

(Jack!)

Is this your preferred method Late Apex?

 

[abaker]

Quote from ThetaSpec:

Brabed,

There are multiple levels of statistical complexity one can use. We always start with something simple, such as linear regression, to see if we can get a slope that is statistically different from zero. We run tens of those a day, to test simple hypotheses, and as you can imagine, the majority of them fail. By using simple regressions, one can answer questions such as are currencies and commodities mean reverting?[snip]
ThetaSpec

Does price revert to the mean or median alot on currencies, from memory ive read that currencies revert 60% of the time(i could be wrong)? Are there econometric reports I can read?


What things, methods etc, are known NOT to have a statistical edge, so instead of rehashing failed methods/ideas we can concentrate on finding real statistical edges?

 

[late apex]

Quote from achilles28:

(Jack!)

Is this your preferred method Late Apex?

You mean Jack Hershey, advocating trendlines, channels and S/R? Had no idea.

For me, yes. I find all those tools useful in more reliably interpreting pure price action. Especially S/R, together with recurring patterns and time.

 

[achilles28]

interesting. I didn't know you traded technicals.

I always had you pegged for a quant. :0)

 

[late apex]

I was a quant. In a previous life aka the rat race. Took me a long, long time and tens of thousands in losses to get over that mindset for trading, to the exclusion of right-brain thinking, such as TA.

Sounds like all that quant baggage, er, stuff, still slips through in my posts occasionally, huh.