PROOF That Forex is RANDOM | Forex

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1. THose SR you drawing them wrong, do you know something about volume? Supply and demand which is creating SR?
2. You probably never succed, thats why you think this. I would like to watch video but I cant listen you as stilll repeatinf, some word 5 times till you say it.
3. This here ladies and gentalmen is the effect of a psychological issue called fear of trading (FOT). Closely related to fear of failure or fear of success. So now you dont have to trade mate!
4. ROFL you are so fucking clueless. Go back to your day job and enjoy the shit money you make!
5. people don't like to hear this because they still like to think that it's possible to be a millionaire, with bedroom skills...
   
   I say this to people who don't think it's random in short intervals, the next time you go to the gas station look at all the people putting fuel in, can you guess the exact order they are loading up on? chance is you might get 1 or 2 exact our of 10, but most of the time you are wrong, the message is, you don't know the order size or direction of the person sat at a bank/fund hlaf way around the world, who he had just been speaking too and what bid/offer is going to be made. the fact that you assume every one will be a buyer, at X level and thinking the same as you bevauae a indicator says so is delusional
6. I guess this is a big mistake. I am also a programmer since a few decades - and I am an active FOREX trader since 2009. The Excel random number generator is a determinsitic pseudo number generator based on statistical distribution mechanisms. Lets see it like rhimes being read by kids. You will always get number series which "rhime" on previous series. And it depends on the alogrithm how long the sentences are between the rhimes. Good algos create sentences which are so long that you can hardly find the "rhime". Guess how good the EXCEL algo is :). So the outcomes will be a scattered waveform (aka "rhime") between the two extremes -2.2 and 2.2. I think you may guess the conclusion: The random numbers are kind-of-a structure which is then represented in the price-waves. The only way to avoid this distortion of your results is to use a physical random number generator (not so easy to come by). It is SURE that there are levels in the market. And it is SURE that humans are acting in a similar way which produces these levels. Of course there are millions of humans acting using different models, timeframes etc.! But just let us call it "collective intelligence" based on our stone age brain. .... BTW - Fundamentals in FOREX (unless it is REALLY BIG news for the currency like a war or a hyperinflation) are BS. Fundmentals just take the market where the PA technicals are predicting it to be. Also, fundamentals are mostly dangerous for intraday traders, because of the volatility. It jumps up, jumps down, Then halts a short time and continues in the technical direction. Or it immediately follows the technical direction or immediately breaks through a structure (where it "settled down" immediately before the news). I've seen it that often now, I can't count it!
7. You think Elliott Waves are also created out of randomness ?
8. I disagree in one Point . The base of randomness . It exists . A big Pivot if you want.
9. Thank you so much from Germany. But i won Stock market games ... Based on sweet spots. But i have to admit it only worked in trending markets. And not forex. But i AGREE with you 100 percent.
10. Richard, you are wrong. You dont understand the basic concept of trading. How can somebody be so naive that he thinks that only analysis of past prices can predict future - this is absolutely false premise and its clear that you must fail in long run. TA is there only to help you understand market reactions on real world events. Nothing more and nothing less. TA alone without being connected to real world is random. But forex is representation of real bids and asks on the market. Imagine extreme fictional case. If there would be war in US it would affect forex and in wont be random. Predicting war would be possible. Predicting trend movement of forex is therefore also possible. TA can help you to calibrate and optimise your action, but you wont predict a war just by looking at TA. No offence, but your video is useless, you are proving what was obvious to me when i was 17years old starting to learning things about markets and forex. You are a trader that trade useless numbers instead of trading economic reality. No wonder, that 99% of traders are loosing if they are trading random noise in the markets.. and thats good, because those people do not deserve their money if they do not fully understand what they are doing.
11. I have traded on and off for 8 years, my first time trading I turned 2,000 into 28,000 dollars, the next year, the last six months of the year, I made 10,000 into 79,000, actually 96, but took a big loss at the end of the market. Three years, I made option trades here and there when charts were set up. This year, after a years break and working on another business, I started trading my 30,000 dollar account and my mother's 12,000 dollar account in May. I've turned my mother's 12,000 dollar account into 43,242.16, and I turned my 30,000 int 85,382
    
    The problem with your random theory is that computers make up 90% of trading and computers aren't random, there's trends. Between May to today, I traded 32 dow mini contracts, total cost 96 dollars for the trading, I lost 1000 points and made 2234 Points, each point is 5 dollars of value, I made 50% of the account in just those trades. I got short Corn in the end of May as my 3rd trade in corn so 9 dollars spent on the position, Lost 12 cents, made 84 cents Trading 5 contracts, and then pyramiding as trend formed, when I got out, I had 15 contracts ranging from 84 cents, 51 cents , and 9 cents, or another 50% of my account. All of these were from my system that is 100% on the price movement. It studies Macro price movements in converse markets, to determine market action in general.
12. Amazing video. You only talk about FOREX, but, i assume that we can extrapolate your conclusions to every market? (Futures, Options, Stocks...) At the end, all of them are graphs, with price movements similar to those in FOREX.
    And a 2nd question. Do you think that the market (Not FOREX) is moved by bid and ask? Have you tried to trade based on volume? or Level 2 (Depth of market)? Maybe the market is random, but it has to move based on something. This 'something' is supposed to be bid and ask, isn't it?. So maybe we can take advantage of it. What do you think?
    Thank you! Jose Martin
13. I'm not a trader but alot of my friends are working in the industry. I have no basis in what I will say but if it is random and there is no way to "learn" then no one will be doing it. I take it as a gamble. People gamble everywhere from casinos to betting shops and some people are what are called "professional gamblers" they don't do anything else apart from gambling and some are very successful. These people have systems in place taking into account the "randomness" For example I know a guy that makes a good living out of playing the roulette table. He has his strategy, he has his money that he can "burn" for the day and a "reward sum" for the day, meaning if he looses x amount or makes x amount he stops and returns the next time. With this method he acknowledges the randomness and works around it. The more he goes the more "burn" money he can afford and his reward also increases. So like anything it can be learned in my opinion but I wouldn't call it easy and quick.
14. "Mountain tested the trendline" LOOL
15. It makes full sense & you have demonstrated it. Only thing is you could've done a 30min vid rather dragging it on for 1hr 30min. Too long.
16. https://www.quora.com/Is-it-possible-for-an-amateur-forex-trader-to-make-sustainable-profits-trading-forex
    Read answer from Rolf Schlotmann and look at traders survival rate pyramid. I think it is quite good. After 5 years only 7% are still trying to trade and only 1% can make net profit (any profit - this could mean 2% per year). How many can make a living from trading? My guess is no more than 0.1%. That's why selling crap to gullible newbies is 1000 times better business than actual trading.
17. I totally agree that 10% is skewed number. Even more ridiculous is data from brokers claiming 25% profitability rate in every quarter. Everyone who has been involved in Forex for longer knows that 3 months profitability means nothing.
18. The best time to trade is pre United States open from 5:45 a.m. to about 8 a.m. this is the only time you have reliable action oscillateing back and forth. Everything else is a total crapshoot
19. everbody that say that the forex market is random have no clue what its going on every day in the markets...
20. The point of the video is not to show that you can't win in Forex, but you can't win ENOUGH to make it in the long run. These Technical systems fail too often for anyone to make money...even if you have solid money management, You will lose too often. At best, you can break even.