Random or not?

speki posted:
    Well you can see that random charts look like real ones. And you can see that many of the technical analysis tools can be applied to random charts too - do you think my analysis above is nonsense? The oversold, the divergence, the support, the double bottom, the Fibo 50, the channel - they're all there and trust me, the chart is randomly generated.

So how can you tell it's not random? You just know, that's it? 😁

Alanfx1 posted:
    
The account balance is not random before we enter in a trade, so money management will work the same way for random and no-random charts (prices) and we must use it anyway.
Time is not random, so we could use T and 2T for trading.
I - Enter the trade
II- If in T we are in profit let the trade open as long as T2, if not close.
III- In T2 as the price moves away from the previous prices we must be near breakeven or in profit. Close the trade in T2.
Time and Risk Management is the key for any system because they are not random.

Alanfx1 posted:
    Hi wilkinson,

Everything is easier said than done. (if the person has voice)
The future is unknown, so the results of our actions will be a bit random.
The sucess of any trader in the world depends on how he/she survives in the market without knowing the future.
So every trader in the world the winners and the losers make trades in the random future and we are all already up for the challenge of the markert (life).

Best regards

Tradingboy.

speki posted:
    It's also funny that broker time differences can result in very different candles, or candlestick formations (and it's not only about differences in broker price feeds)

Look at the last dozen candles, they're different because the broker times are different. Moreover, week starts Monday 0000 GMT or Sunday evening? So which candles can you trust? Just some food for thought.

wilkinson posted:
    

speki posted:
    It's also funny that broker time differences can result in very different candles, or candlestick formations (and it's not only about differences in broker price feeds)

Look at the last dozen candles, they're different because the broker times are different. Moreover, week starts Monday 0000 GMT or Sunday evening? So which candles can you trust? Just some food for thought.

As I said in a different topic:
'To avoid the differences between brokers, one should ignore the timing of the trades, and use high and lows of candles instead the open-close.

I think in such way, the charts will be identical, only displaced, according to the time difference between brokers.'

The above would give us, in my opinion, an absolute market image, ignoring any broker time and/or market opening/closing times differences

Alanfx1 posted:
    

wilkinson posted:
    

speki posted:
    It's also funny that broker time differences can result in very different candles, or candlestick formations (and it's not only about differences in broker price feeds)

Look at the last dozen candles, they're different because the broker times are different. Moreover, week starts Monday 0000 GMT or Sunday evening? So which candles can you trust? Just some food for thought.

As I said in a different topic:
'To avoid the differences between brokers, one should ignore the timing of the trades, and use high and lows of candles instead the open-close.

I think in such way, the charts will be identical, only displaced, according to the time difference between brokers.'

The above would give us, in my opinion, an absolute market image, ignoring any broker time and/or market opening/closing times differences

Hi wilkinson,
I like to use Point & Figure, to me it's better than others charts.
It's easier to see the market direction and volatility.
And it filters the noise pretty well I think.
My tool to make Point & Figure is Cute Point & Figure indicator v1.2 for Meta Trader 4.
Best regards.

Tradingboy

Alanfx1 posted:
    Hi wilkinson,
The Cute Point & Figure indicator v1.1 is free for download:

https://www.forexpnf.info/mt4-point-and-figure-indicator/downloads/

I believe you will like it.
Show me your test when finished.

Best regards.

Tradingboy

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