That he left the practice of medicine decades ago to study the markets is meaningless to you? How much time and study did you invest to come to the conclusion that price is simply random?
Tribute to Brooks
- Thread starter padutrader
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Uh you apparently don't know how orders are matched. What you are seeing on the price chart in real-time is the result of randomness, it's not because "bulls are on a doji" or whatever. What kind of idiocy is this.
look at the way he "studies" the market -- purely anecdotal. I would have been impressed if he actually did serious work like test to see subsequent returns on a pattern he's observing. But he hasn't lol, he hasn't a clue on how actual market participants analyze the data to learn.
He probably read Taleb. And there may be a case of not being able to make PA work?
The futures market is made up of buyers and sellers. Each of those buyers and sellers is
making markets, be it 1 lot or ten thousand lots. Those cumulative buys and sells result in price behavior. Those who study that behavior and develop methods to trade off those efforts are traders. Those who believe that price is random are not. The only reason I acknowledge the likes of you is to caution the developing traders on here that they will encounter ignorance and negativity. It's part of the landscape, debates on whether price can be understood or not is a waste of time.
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Doji’s are a one bar TR. Don’t you understand such basics? There are bulls and bears on a doji like there are on every other bar. Doji’s just indicate more of a balance between them. Like seesaw. Ever play on one of them things when a child? Now that is physics. “if a body is at rest or moving at a constant speed in a straight line, it will remain at rest or keep moving in a straight line at constant speed unless it is acted upon by a force.”
huh? i'm a professional trader and worked at various bulge brackets and hedge funds in trading and PM roles. yah dynamic hedging was an interesting read, but what does taleb have to do with what i'm saying beyond it being the assessment of literally every professional market participant?
You are likely desperately searching for mathematical certainty in the markets which you will never find. The markets are like life. Full of twists and turns. But if one knows how he can capitalize on those twists and turns. We don’t know with certainty what the market throws will throw at us but when it throws we can capitalize on the inertia and the “seesaw” effect. Comprendo? I can see when one side of the seesaw is going up and the other down. A is winning and B is losing. Then B is winning and A is losing. Comprendo? Or both sides have legs extended and we got a bonifide middle of the range doji.
literally meaningless. there are buyers and sellers at every given price. in another post i showed some of the tools the professionals use to analyze the market, such as forecasting volatility and volume, measuring avat, broker rankings, and tca. no one gives a damn about "bulls and bears" being on a doji lol.
A randomless professional trader?