PROOF That Forex is RANDOM video

This is a discussion on PROOF That Forex is RANDOM video within the General Trading Chat forums, part of the Reception category; Interesting video. Enjoy!...

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Old Nov 11, 2017, 5:38pm   #1
 
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PROOF That Forex is RANDOM video

Interesting video.

Enjoy!

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Old Nov 11, 2017, 5:57pm   #2
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If we don't have 1hr24 to listen to this clip, are you able to summarise?
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Old Nov 11, 2017, 6:03pm   #3
 
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Quote:
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If we don't have 1hr24 to listen to this clip, are you able to summarise?

He used random data to produce bar charts. He is a great computer programer.

These charts look 100 percent like real market charts. No different,using random data input.
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Old Nov 11, 2017, 6:04pm   #4
 
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If we don't have 1hr24 to listen to this clip, are you able to summarise?
Exactly my thoughts too
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Old Nov 11, 2017, 7:11pm   #5
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Forex is not random and anyone who believes this doesn't know what they are doing
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Old Nov 11, 2017, 7:12pm   #6
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Originally Posted by goose4 View Post
He used random data to produce bar charts. He is a great computer programer.

These charts look 100 percent like real market charts. No different,using random data input.

How disappointing. Glad I didn't waste my time on this, thank you for the summary.
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Old Nov 11, 2017, 7:13pm   #7
 
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Quote:
Originally Posted by goose4 View Post
He used random data to produce bar charts. He is a great computer programer.

These charts look 100 percent like real market charts. No different,using random data input.
Just because the random chart looks like a real market chart it doesn’t necessarily follow that price action in the market is random. You could use random data to draw a diagram of a footballer’s movements on the pitch over the course of a match and it would probably look much like a diagram of a real footballer’s movements. Would you conclude that therefore the footballer’s movements must be random?
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Old Nov 11, 2017, 7:26pm   #8
 
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This random chart thing comes up pretty regularly, and has done so for years. I suppose it's supposed to prove something. What I find most interesting about the whole thing is that if one "trades" these charts via replay, he makes money regardless, if he has a robust trading method. Otherwise, he loses money, just as he would trading the "real" market.
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