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So there you go. It's back to square one...
Until the concept of "memory" of the market is formalised, i.e. this 2% non-randomness, a measure of its measurement - autocorrelation coefficient, non-entropy, Hurst coefficient whether it is (I don't know!!!) and a table of applicability of this measure is given, there is nothing to do in the market with any strategy. I've said it more than once or twice.
Finita la comedy.
Here's another quote from Demko:
Forum on trading, automated trading systems and testing trading strategies
From theory to practice
Nikolay Demko, 2018.09.12 13:37
It exists and its statistically significant values have been obtained from the experimental data. It is equal to 0.6, 1, 1.6 of an impulse which corresponds to the continuation of the trend, flat and reversal.
Here's another quote from Demko:
How would you know if you're still in first grade in the market)
It's the golden ratio.
If you learn to understand it, you'll make 10% of your deposit in a couple of hours.
How would you know if you're still in first grade in the market)
This is the golden ratio.
If you learn to understand it, you'll make 10% of your deposit in a couple of hours.
That's genius.
Hmm... I'll have to think about it...
A gold-plated sextuplet ;-)
Physicists won't admit it.
One beats his head against the wall that his pockets are leaky, the other drives tractors into a swamp in two days.
They give a man a brand new tractor. Already in the swamp with a roof on it.
But how to determine when price will correlate with it and when it will not is no easier than predicting price itself.
check the correlation coefficient