Is price movement really random and unpredictable?

How accurately can you predict the next bar or candle?

  • Total voters
    39
  • Poll closed .
NoahA said:
I'm retail as well, but smart enough to know that what he shows is fantasy. There is a reason why he is on ET and why he sells algos. Would you waste your time here if you had his results?
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Good to know another serious retail on ET. :thumbsup:

Best wishes for the new year.
 
NoahA said:
The problem is this. When the trade supposedly works, you count up the profits. But when it doesn't work, the platform marks you as getting out at break-even or +1 tick. In real life it never works like this. Look at all your trades. I'm sure most have gone at least a bit into profit, so in fantasy land, you can book that tiny profit or at least not let it turn into a loss.
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Wait, don't tell me you bought the algo? o_O
 
NoahA said:
God no. But when we spoke, he did a "soft sell" by telling me he needs to go soon to pick up some money from his clients. I guess that makes a trader think that if other people are paying for it, it must be good!
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After staring at the charts again and again for the last two days, I have some idea to try out and will do some real time paper trades tomorrow.

Note: I am not trying out his method, just that the charts triggered in my mind some ideas on tight loss control and let profits run and I am modifying the way I day trade to see if it helps.
 
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It seems that we can make some predictions
Walking the Talk: EURUSD Target is Jan 25 HIGH
Risk 10%
No SL
The entry price is 1,07540
 
TVIS said:
It seems that we can make some predictions
Walking the Talk: EURUSD Target is Jan 25 HIGH
Risk 10%
No SL
The entry price is 1,07540
More...
If you are risking 10% that is your SL.

Any timeframe to reach target?
 
SunTrader said:
If you are risking 10% that is your SL.

Any timeframe to reach target?
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No TF
Allow me to clarify what I meant - My entry amount 10% of my account
If the price goes against me by 10x, that might trigger the Stopout Level, but I don't think it will go that far. Max 3x, maybe
What I mean is I entered just 10% of the account
 
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TVIS said:
No TF
Allow me to clarify what I meant - My entry amount 10% of my account
If the price goes against me by 10x, that might trigger the Stopout Level, but I don't think it will go that far. Max 3x, maybe
What I mean is I entered just 10% of the account
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Ok I understand, although risk is whether a trade loses or not - never a dollar amount.
 
NoahA said:
God no. But when we spoke, he did a "soft sell" by telling me he needs to go soon to pick up some money from his clients. I guess that makes a trader think that if other people are paying for it, it must be good!
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"Pick up some money..."???

Who's doing that these days?

Like the guy is receiving cash money for his algo?
 
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