Further more the laws of supply and demand play a role in proving that the markets are not a set of random movements. No matter how hard they are manipulated, the laws of supply and demand come shinin' fru' Michael B.
Ahh, so much clearer... I think. Despite markets being (theoretically) random , the approach is'nt, thus defining the potential risk/ reward of any given outcome, or something like that. Way i read it, it was some sort of field of dreams scenario, lol. Back (sort of ) on topic , (not forex though)i used williams indicators paper trading for some time, turning an imaginary $15,000 acount into about $180,000 in under six months. As consistent since, but i stopped keeping records after becoming severely depressed at the results, as you can imagine. I didnt use williams methods though, and though the entries were by no means random imo, i thought I would test something. I came up with the absolute worst trades i could think of - stops way out side the price, all over the shop, as long as i felt i would never take those trades normally, and felt this basket was guaranteed to lose , selling stuff i wanted to buy, you name it, the exact opposite of what i thought was a good idea, which clearly wasn't to shabby at the time. Those trades ended up making more than any other basket or collection of trades in the entire period. I couldnt beleive it, but fairly well illustrate's your point i think. The worst part is, i dont really know how i did it, unquantifiable as they say. The mojo is mostly gone at this time, but i did find the mantra of "want what the market wants" extremely helpful, as in i didnt feel i made any decisions- I just placed stops, the market did all the work for me.
acro, Quote from acronym: Ahh, so much clearer... I think. Way i read it, it was some sort of field of dreams scenario, lol. The worst part is, i dont really know how i did it, unquantifiable as they say. I just placed stops, the market did all the work for me. We had a contributor here named random trader...search his handle, I believe you will find his Journals enjoyable and refreshing. Michael B.
attached is a graph of 1000 coin flips. head or tail = +1 or -1 support, resistance, trend, ranges, retrace, continuation...its all there.