Can any one actually draw these patterns without having any indior... ... mathematician is likely to make a fortune I figure
Can any one actually draw these patterns without having any indior... ... mathematician is likely to make a fortune I figure
Only draw loads of lines and observe the price action . You may realize that horizontal lines out of monthly and weekly highs/lows the most intriguing (Look at the lower time frames). Flags and triangles and consolidation are all worth learning how to draw yourself. Trading off them profitably is more difficult than drawing on themin my opinion.Originally Posted by ;
That Foreign Exchange guy has been drudging up all manner of old threads and starting new, bad, threads. This thread is ooooooooooooooOriginally Posted by ;
ooooo
ooooooooooold. old.
But, as it's up here's something I would love to see. I want to see someone give a demanding chart-like drawing that does NOT show any normal technical analysis'shapes'. They say that charts are arbitrary, and you will find a manner of geometry within even a genuinely randomly generated chart, so let's take it from a different angle. Let's make a chart that's 100% created, or you could maybe say'manipulated', that doesn't show ANY technical geometry. No trendlines, or s/r, or fib bounces, or elliott waves, or gann traces, etc .
If a person can produce a kind of line chart with, let's say, something like 50 data points which doesn't show any kind of'chart pattern' inside I would be super impressed. If nobody may come-up with you then I think that raises some interesting questions regarding charts and chart patterns. We all know sound can make chart patterns, but can you deliberately make a chart that doesn't show any patterns?
I suspect it's a lot like trying to loe water that isn't wet.
I only generated some charts and one of them is the true market, you decideOriginally Posted by ;
can not tell a difference. That said, if you gave me about 2 days worth of m1 data in candle form blended in with arbitrary charts I expect to be in a position to, more often than not, decide on the authentic m1. But that is because it will get apparent volatility patterns and mark which simply are not arbitrary.Originally Posted by ;
I do see a lot of fashion lines and a few s/r in every pic, and that is only from 1 minute of eyeballing and nothing more. So, perhaps somebody else can make a chart which has no'chart patterns'?
Edit: actually, if I had to guess I'd guess.... D is the actual. But that is purely pulling it out of someplace requiring a gloved hand.
Yeah d is realOriginally Posted by ;
but the other ones are completely arbitrary....the only thing I am using is the exact same volatility parameters, and drift as the real market.
They're daily near, plot charts
you are pulling it out of taking a look at a current chart so you remember the pattern subconsciously, if I had to do this as a more controlled research I'd use old information not recent data for the past year of trading.
I have not looked in a'recent' chart in ages. I could not tell you what any prices are, or are near. So no, why I picked D doesn't have anything to do with having noticed it lately because I simply haven't! I've been busy with other things and only in the last few days have I opened mt4 to poke around in certain gbp information from years back. I can not even remember the last time I would have ever seen a daily chart , so that's a double'no'. Sorry to disappointOriginally Posted by ;
so we've seen 2 things. 1, I can pick a real chart from a somewhat random one (or I am just bullshit blessed ). 2, a random chart shows typical chart patterns as has been mentioned a whole lot of times.
I still want to find a handmade chart that doesn't show chart patterns. Is this kind of thing possible? Am I that unimaginative that I can't imagine a chart having no perceivable chart patterns? Someone show me this unicorn.
People often debate the entire random versus non-random movement of charts, and the patterns they allegedly create. If we can't even produce a totally fabried chart that doesn't have patterns then that suggests to me the random vs non-random arguments are kind of not really the purpose. Chart patterns appear, to me, to be the weakest evidence of it being .
In the event you are curious this is how I did them
R app
Price*e^(drift standard deviation of euro*arbitrary norm distribution)
then price_n-1*e^(ramble standard deviation of euro*arbitrary norm distribution ) etc
plot(random chart, type=o,col=black)
time frame daily....periods 252
you can do it in glow too
perform
normsdist in 1 column A
ramble stdev*A1 in column B
price*exp(column B) in C1
then C1*exp(ColumnB)
then plot them with line plot
the reply to your question isOriginally Posted by ;
yes you are unimaginative (no offense)
a hand created chart will have patterns because your brain will make them for you....after all we are pattern seeking primates.
Edit* and the fact that the market resembles a Normal distribution making arbitrary charts somewhat like the market
here is the kicker....if you are looking at returns....it's a different story
Accountable for the tone.... I'm only presenting objective data.Originally Posted by ;
I actually do not know what your point is....my point is that there's something non random about the market and it's visible in the long term. . .it tends to honor standard deviations occasions you, and volatility will contract and expand together with systemic shocks while random generated RETURNS will follow a random normal distribution.
In the short term that the yields are RANDOMLIKE
From the Long run macro economic events produce heavy tail events and enlarging volatility at a completely NON RANDOM WAY.