Is any prediction doomed?

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Good day to all!
I am dealing with prognosticating algorithms for a long time and have achieved some results. Of course there were ups and downs too.
The more I do this business the more I get the idea that any forecasting is doomed...

I would like to hear the opinion of forum members on this matter.

Thanks in advance for your comments, and any criticism, too.

 
What do you say about the accuracy of H1 and M1 forecasts, is it the same?
 
Cmu4:
What about accuracy of H1 and M1 forecasts, is it the same?


Prediction accuracy on higher periods works better than on lower ones.
 
Any forecasting head-on is doomed, imho. In the picture it is.
 
TheXpert:
Any forecasting head-on is doomed, imho. The picture shows it.


Can you clarify what it means to forecast "head-on" and not "head-on"???
 
Debugger:
Can you explain what it means to forecast "head-on" and not "head-on"?
"Head-on" is the most obvious example - trying to extrapolate prices.
 
Isn't the purpose of forecasting to plot the future trajectory of a currency?
With this classification of methods, any forecasting would be "head-on"...
 
Debugger:
Isn't the purpose of forecasting the future trajectory of the currency?
With this classification of methods, any prediction would be "outright"...


Not all predictive TSs work with a trajectory.

There is, for example. A TS which predicts a point on the price chart which the price will pass during the next day with a certain probability.

 
Predicting the price trajectory on small TFs is catching market noise IMHO
 
FAGOTT:
Predicting the price trajectory on small TFs is catching market noise IMHO
Noise has its own size. In my opinion, for the Eurobucks it does not exceed, on average, 200 pips on a five-digit basis, so there is no problem with noise as such. The problem is in the nature of the market itself. :)
 
Cmu4:
The noise has its own size. In my view, on the Eurobucks, it does not exceed, on average, 200 pips on a five-digit basis, so as such there is no problem with the noise. The problem is in the nature of the market itself. :)

It's hard for me to say so - market noise is a relative concept IMHO. It depends on the valuation method
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