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Random Line Theory
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Created: by Big Mike Attachments:100

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Random Line Theory

  #131 (permalink)
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Mike, don't give up on this thread, I think I get you're point with this.

Everyone here is pointing out the line that seems to work most days but no one looks to all the others that are not even close. If you have enough ramdom lines is probable that 1 will be right just like a broken clock is right 2 times a day.
If you say that this is the latest magic indicator and show that 1 perfect line, many would want that indicator and pay a lot for it.

Now that made me think, is that what we have been doing for so much time, looking at the times indicators are right and closing our eyes to the many more times they are wrong?

A few months ago I gave up indicators and I'm much better this way. Not saying that indicators have no use but if you rely on them for all your decisions, guess what happens.

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  #132 (permalink)
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people would be wanting to know where they can download this new indicator.

I can't find it in the downloads section, where is it? Is it NT7 supported?

I can't help but think Heisenberg would have something to say about all of this, I'm just not sure what.

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  #133 (permalink)
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Here are the results of the random lines picked yesterday. This is today's cash session.

I want to emphasize the lines are not being posted so you can trade them. The lines are random. Why would you want to trade them. The lines are being posted to challenge your beliefs about other lines that you DO trade, and the properties you assign those.

Mike

Oh my goodness!! I just found this thread!! It completely explains (for me at least) a lot about how I looked at chart data. Early last year, I was still chasing the "perfect indicator", running from one to the next. Each new indicator seemed to work when I looked at a previous day's chart, but only sporadically fulfilled it's promise when I actually used it live. For a long time I thought it was simply "me"...that I was not trading the indicator right.
Slowly I came to understand that most of those indicators weren't all that 'magical' after all. This exercise with random lines explains how I fooled myself.

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  #134 (permalink)
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shodson View Post
I can't find it in the downloads section, where is it? Is it NT7 supported?

I can't help but think Heisenberg would have something to say about all of this, I'm just not sure what.

I am bit slow to understand .... Don't know how this relates to random lines?

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  #135 (permalink)
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Session 10-Jan...

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For 11-Jan session...


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  #136 (permalink)
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11-Jan session...

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For 12-Jan session...

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  #137 (permalink)
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Here is 12-Jan session...

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and for 13-Jan session...


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  #138 (permalink)
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Here is 13-Jan session...


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  #139 (permalink)
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A collection of RANDOM lines on a RANDOM day.

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  #140 (permalink)
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Fat Tails View Post
A collection of RANDOM lines on a RANDOM day.

Fat that does not count. You did not use a True Random Number generator. That's why your example did not work as expected

Here is mine on TF:
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