Thread: We were fools to believe candlesticks can predict

We practiced witchcraft,believing that candle pubs could forecast that the future.We will be analyzed and laughed at,by future generations.We were traders.

Pointless thread, lol

I would love to know why he started it at the first location?

Originally Posted by ;

We're fools to think candlesticks can forecast

individuals who think that candlesticks have predicting power are extremely naive or simply simple novices who dont understand exactly what they are.

Its not the candlesticks that have the predicting energy but the price , because it's http://www.investopedia.com/terms/a/autoregressive.aspproperties.

However, the price =/= candlesticks. Since the sticks are X amount of ticks grouped to a time frame, and most timeframes are illogical, irrational and unjustifiable by any common sense, like 5MIN,15MIN etc, have absolutely no logic behind them, they can be exactly the same way 3min or even 7min pubs.

So because the timeframe itself is irrational, the candlesticks that make up the price by TF will also be irrational.

However, the price itself contains http://www.investopedia.com/terms/a/autoregressive.asppossessions, not the candle, so while the price can predict future price, the candle cant.

Hopefully this explains some misconceptions!

what? I don't have any idea what you said,course that the market is fractal so whats the point in speaking TF?

Originally Posted by ;

quote People who think that candlesticks have predicting power are extremely naive or just simple novices who dont understand what they are. Its not only the candlesticks which have the predicting energy but the price itself, as it has http://www.investopedia.com/terms/a/autoregressive.aspproperties. But the price =/= candlesticks. Because the sticks are X amount of ticks grouped to a time period, and most timeframes are illogical, absurd and unjustifiable with no common sense, such as 5MIN,15MIN etc, have zero logic...

Originally Posted by ;

Pointless thread, lol I would like to know why he started it at the first place?

Because when you start threads you get followers. When you have followers you get red parallelogram. Red parallelogram means you are important

At least that's why I'd start a useless thread....as many before him have.