Random walk theory claims that prices move randomly and are not influenced by their past. Because of this, it is impossible to use past price action to predict the future. But is it? You might not be able to predict what would happen in the distant future, but what about the next bar or candle? How many of you have a pretty good track record when it comes to guessing the next bar correctly?
Is price movement really random and unpredictable?
- Thread starter schizo
- Start date
It's like nobody on this site has ever looked at a chart. Price is not random at all and in fact getting a long-term price right is easier than short-term. No price is not random. Not even close to random. It's like the opposite of random.. It's determined. Future price is completely influenced...controlled even by past price. See my last post.
As to your direct question about candles, yes, there is one candle that I have found to be 100% predictable for the next candle.
schizo,
Look at the last post in my thread. My Algos are based on Price Action - but done my way. They only reference what is happening - between the Last Bar and Current Bar.
If you look at some of the Buys and Shorts - they don't make sense - and they did NOT make sense to me - when I first developed my current Algos. Basically - I screwed up some code - put it aside for quite awhile - thinking this can't work - LOL. I finally took a look at the code again - and - it turns out to be my favorite. Every Algo I code - for many years now - only "references" - ONE BAR. Sounds weird - but the damn thing works.
If you want to see it in Real Time - just let me know.
Got to go now - my lady wants to go shopping.
VSTscalper
LOL why is everyone keep saying I should look at their "last post"? Anyway, your point is duly noted. Now go have fun shopping.
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Good news first , can't be random @ all, remember how badly most of us did first year ??LOL
2]But since some businesses are not like that ,first year loss, non random patterns can be good.
+] Plenty of Doji patterns in BA .
But desire and or inclination must count for lot;
100% way not lose money with BA\ is dont trade or invest in it .
WSJ did print some stuff, by that random walker book writer;
he did think single stocks were a gamble.
For Peter Lynch , some others + Standard & Poor's, [S&P Global] its not. a gamble.
Good news first , can't be random @ all, remember how badly most of us did first year ??LOL
2]But since some businesses are not like that ,first year loss, non random patterns can be good.
+] Plenty of Doji patterns in BA .
But desire and or inclination must count for lot;
100% way not lose money with BA\ is dont trade or invest in it .
WSJ did print some stuff, by that random walker book writer;
he did think single stocks were a gamble.
For Peter Lynch , some others + Standard & Poor's, [S&P Global] its not. a gamble.
Hello schizo,
Yes, I do this very well. Actually I do extremely well. It is very easy easy to trade once you know all the secrets. If you do not know the secrets, then you struggle to make all the money and lose money, and have to work very hard everyday.
Just find the secret and make all the money man. That is all I did man.
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I think if you put in the time, you can get better at trading. Try to learn one profitable setup and have patience to wait for it.
If random walk theory was true, then there were no consistently profitable traders and everyone who claims so is a liar.