I don't mind quotes from wikipedia, I just don't see how that is relevant. Did you actually follow the links you quoted? From the first one: "The course begins with simple random walk and the analysis of gambling games. This material is used to ...

Higher Edge within a Single Candlestick

That's nice. Here's something I'd like to know: the first casino was established in Venice in 16something. If I'm the only idiot who can't gain an edge over a random process, why are there today so many casinos all over the world, and most of them ...

Higher Edge within a Single Candlestick

Don't take all my "random" literally, of course I didn't mean to say that markets are random (that nobel prize already went to somebody else). It's just that for me, with limited information and limited knowledge, price movements are in large parts ...

Higher Edge within a Single Candlestick

It's a renko chart. Without the time component, you don't get "signals" on a chart that just chops back and forth anymore, but you also lose the idea of how far / how fast if you can't watch it all the time, because the time component is missing. ...

Higher Edge within a Single Candlestick

Yes I already watched everything from Tom he ever put on Youtube, love that guy! And his bad language, it's nearly as bad as mine

Higher Edge within a Single Candlestick

Yes. Maybe. Or not. I don't work in this industry, I have no inside knowledge about anything. I can tell when a number series starts to deviate from what you would expect from random data, that's all. And that's definitely not my own invention, I ...

Higher Edge within a Single Candlestick

Inconclusive: the x-axis seems to be not really important. image It's 10 pips between the grey lines, plenty enough to make some $ even considering spread, comm, special broker features. When I grow up, I want to be able to do this on a 20 pip ...

Higher Edge within a Single Candlestick

I sure wish I read that whole post, and not only #22, before I started digging on my own... but maybe I wouldn't have been able to really appreciate it. Awesome post, kudos.

Higher Edge within a Single Candlestick

If you say that a bunch of numbers need to carry information before it can be called "data", point taken.

Higher Edge within a Single Candlestick

Yes. And how would they look like if you started them 1 minute / 17 minutes / 3.5 hours ago or last Thursday? Different. This is one of the low hanging fruit and huge timesavers you can take away from this thread: candlesticks don't mean shit.

Higher Edge within a Single Candlestick

Oh come on now. Nobody cares how many magic calls you made - I can send you a whole 200MB PDF that shows clearly I'm fucking Gandalf and can not only predict but make the future. I can not only remember the high in cable, I can also remember the not ...

Higher Edge within a Single Candlestick

I hope I didn't give the impression that was a "buy at the blue dots, sell at the orange dots" kind of deal. I'm pretty sure that wouldn't be fun at all. The dots just mark places where I think random gets weak and something else might take over. ...

Higher Edge within a Single Candlestick

Back on topic: the higher edge within a single candlestick. (BTW, why "higher"? Higher than what exactly?) I've been secretely stalking these single candlestick threads from the start, without really knowing why. I mean, a candlestick is just 4 ...

Higher Edge within a Single Candlestick

It sure sounds nice, but it doesn't have any meaning if you don't define the trade conditions first. For example: No scaling in or out, TP 1pip + Spread, SL NA -> 126 winners in a row isn't a problem, but ultimately it's still a fool's game. Same ...

Higher Edge within a Single Candlestick

There's a name for that, it's called "fat tails". Very hard to build something solid with +ev around it. Maybe think about what else you can do with the limited information you have available?

Higher Edge within a Single Candlestick

Fun fact: the exact same ratio exists in random data. Can also be written as: in up bars, O-L = 25%, O-H = 75%. In down bars, O-H = 25% and O-L = 75%. On average, of course. $ ./barstats.pl GBPUSD1440.csv Count: 1100 Avg: uoh: 0.00963 uol: 0.00314 ...

Higher Edge within a Single Candlestick

Nope. Seriously. You never count your money, when you're sitting at the table, there'll be time enough for countin', when the dealin's done. video (Here's a bit of meta game for you: why would you listen to absolutely sound, sensible advice from ...

More simple is impossible

Huh? It doesn't work like that? How am I supposed to trade properly if the damn market just ignores my R:R planning? It's after the fact for me. I put in a target at 3:1 or 2:1 just like a stop, simply because a) so I get out if I get ...

More simple is impossible

It's always the same old question, all the way from -x to +nx: Should I stay or should I go? I have for this week so far 6 losers, 2 BE, 1 winner with my default 3:1 and two winners with 8:1 and 6:1. That's net +11 "units", which is nice, but ...

More simple is impossible

You could join one of these $97/month "live trading rooms" that spam post educational videos on YT - non-stop sitcom for only $3 a day is pretty cheap entertainment... Seriously: I think it's a nice problem to have. If I had it, I'd probably just ...

What to do during trading? Collecting ideas