Is price direction predictable? - Page 2
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Thread: Is price direction predictable?

  1. #11
    Price direction is predictable,or even,there wont be consistent profit makers on forex trading. Fundamental traders create constant profit as do technical and news traders. If price is not predictable then all forex traders are players and gambling is a chance game of 50 50,therefore gamblers on forex would have made profit as much as they made losses. The ones that believe price isn't predictable have not made profit or have no winning egy. So, I recommend them to read wide and fulfill with successful traders eventhough I have not begin to make profit,I have people who do about and I am planning to read wide and meet these men. I'm a trader not a gambler.

  2. #12
    In general, I think that today's Currency Market market is very difficult to predict without , information channels that are honest that are additional. Yes, you might try to use EAs, that utilize formulas and calculations of mathematics, but they are not able to respond and forecast What country would start a war? , Where are the default? , What nation is going to have the maximum GDP in the conclusion of year?ect. So try to combine all ways in order to find max. results

  3. #13
    Quote Originally Posted by ;
    quote Thank you for the informative post. Don't you think as people we're eager to find patterns everywhere even if there's non? My own opinion is we're. This is the reason. We are in need of consciousness, recognition, awareness for our survival, this. Because our own existence would be jeopardized by situation We despise randomness and unpredictability. Every one of these is stored deep inside us for millions of years. Can we take it or not? This is a different matter. How can you explain this chart from...
    https://forexintuitive.com/attachmen...1912019005.pdf


    As we can see price have turned multiple occasions. . Hence Supply and Demand generated points turning. If I may clarify: '' We see many times where price has seemed to have turned for no apparent reason. . There was not any Support or Resistance yet priced turned ( many occasions price change sharply in the opposite direction ) Traders are left standing, asking what the $%!! How easy it would be if it had been only Support / Resistance. . So what causes these turns, apparently out of nowhere???

    Let's look at the chart you have given. For the sake of discussion I do not know the: 1) Time period 2) The tool. . But never the less, we can see where price has turned. . ( and turned strongly in certain regions ) Yes there are some quite obvious places where one can point to Support/Resistance and I will not disagree as I utilize a combination of the two... Support/Resistance can?? Inform you where prices may change but Supply/Demand will tell you the why they should or did turn. Not all Support/Resistance will hold. . Many do. . Not all Supply/Demand will hold. . Many do. . Not all Supply Demand has a SR. . It's great as it will as it include up confluence into the set. . .So here is why. . .Banks . Huge associations, Smart Money, etc ( call them what you need ) They do something quite frequently. . They build large positions as time passes, they have lots of $$$$. . They aren't likely to play little. Now when they get ready to move something happens. . Price takes off strongly in one direction. . Look at Supply 1 Demand 1 or 2 Offer two. . Prices moved away from such places.

    Yes one can argue that there was Support/Resistance involved but just having a Support/Resistance level doesn't mean anything unless there's a reason behind price to move through or away those levels. Supply/Demand tells us the probability of what price can perform? You are able to view where Banks. Huge associations, Smart Money, sensibly build their rankings preceding these area.... There like Bulls in a china Shop, trying to wear socks that they are inclined to still earn a lot of sound.

    Lets consider Supply 1... See just how price came up and entered this area..Very aggressive from Demand 1 ( Gee I wonder why? ) At Supply 1 the was rejection but not instantly..Banks, arge associations, Smart Money, etc built positons to go Short. . They then did the classic ( Text Book Fake Out ) Watch the spike over Give 1 out the area going long. Your TOP Brown line in your chart indicates this area for a Resistance as well. They know that there are orders awaiting go long..Banks, large associations, Smart Money have inventory ( so to speak ) They are Sellers searching for more Buyers ( gee I wonder were we can find some?? ) .

    So return to the initial intent of the thread Is price direction predictable. IMHO the is a large probability it is! Within the structure of a certain chart, you will find patterns and construction that are determinable. Straightforward SR lines, Trend Line and Supply Demand added together can help you figure out a probability of direction. Of course There's a lot more to Supply/Demand but with this discussion, hopefully this helps in answering your query

    Good trading to all
    TSD

  4. #14
    Quote Originally Posted by ;
    you'll become one using the following announcement: While forecasting price may be possible to some degree; to be an effective trader, forecasting price is certainly not necessary.
    Explain this.

  5. #15
    If it were predictable, more people would be traders.

  6. #16
    Quote Originally Posted by ;
    quote image As we could see price have turned several occasions. . Hence Supply and Demand generated points turning. If I may clarify: '' We see times where price has seemed to have become no clear reason. . There was no Support or Resistance yet priced turned ( many occasions price turn sharply from the opposite direction ) Traders are left standing, asking what the $%!! How easy it would be if it had been just Support / Resistance. . So what causes these turns, apparently Let us look at the chart you've given. For...
    I enjoyed reading your post. There are observations and many very good points. I will pm you to inform more about this chart and I do not doubt you will be mesmerized by it.
    Like I said previously, human mind does not accept readily what it does not understand or find unfamiliar. Our mind is eager to make associate the things, links. Have you noticed pseudo pictures of face? Have you seen pictures of human characters looking in the clouds or animals? I would have.
    It is the identical thing with the charts, it is our human nature constantly to look for familiar patterns, if they do not exist afterward to find something similar to what we are accustomed with. And this is the illusion.
    However this does not imply patterns do not exist.
    Pattern and order will be the core of the living and non living existence. The biggest ever mistake a trader makes is turning this to patternicity and mixing the truth of pattern and order in nature with delusions of their mind. Brain's look for pattern is among the greatest bounty for humankind, but a trader must recognize this specific quality was developed for millions of years largely for survival functions. The use of the quality in markets is not something shrewd. We have other attributes that we will need to develop, To exchange.

  7. #17
    1 Attachment(s) Interesting post Tash rather than surprising since the brain actually functions through pattern recognition. While we think our thoughts are rational, the fundamental way the mind processes information is by getting sensory inputs then comparing the pattern of inputs received against learned responses connected with patterns stored in memory. The mind constantly cross references inputs against a database of stored patterns with associated behavioural responses and therefore if a particular pattern is received that previously through expertise carried with it a benefit for a particular associated behaviour, you understand that the next time you get that pattern, you should behave accordingly...(Pavlov's dog). It is human nature to look for patterns, so you have to be careful in trading not to be duped by patterns. This is the reason why statistics really does matter when attempting to describe the behaviour of systems that are complex as the mind is not well equipped to deal with complexity and requires shortcuts.

  8. #18
    Quote Originally Posted by ;
    Interesting article Tash and not surprising since the brain actually functions through pattern recognition. While we think our ideas are rationale, the fundamental way the brain processes information is by simply getting sensory inputs and then comparing the pattern of inputs obtained from learned responses associated with similar patterns held in memory. The brain constantly cross references inputs from a database of stored patterns with related behavioural responses and therefore when a particular pattern is obtained that formerly...
    exceptional my friend! you nailed it

  9. #19
    Quote Originally Posted by ;
    Interesting post Tash and not surprising since the brain actually works through pattern recognition. While we believe that our thoughts are rational, the fundamental way the brain processes information is by simply getting sensory inputs and then comparing the pattern of inputs received against learned responses associated with similar patterns held in memory. The brain constantly cross references inputs from a database of stored patterns with associated behavioural responses and hence when a Specific pattern is received that previously through...
    Bullseye

  10. #20
    Price is as predictable as crowds are under fear and stress.
    There's simply a possibility of price moving along the tendency or station and price areas which MAY want to show you that the markets' actual decision.

    TCC

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