Reading many articles on here, I am starting to believe that price direction is not predictable. I've seen so many profitable systems that seem to have no logic behind these, like people asserting they can predict where prices will proceed by finding the square root of the last few periods; people drawing contours; using'magic' formulas and amounts. There's not any rationality for this.
I might not know much about markets, but I do understand the one thing moving prices is demand and supply. Number, no formula etc is going to tell you whether bulls or bears are going to have the top hand . There's not any connection between these approaches, and modifications in supply/demand.
If people claim that methods like these are always profitable, then can only indicate that price is not predictable. You might as well toss a coin to decide where price will go next...?
I am not saying that (consistent) profitability comes down to luck, but maybe the one thing that matters is money management?
What do you believe? Is it possible to tell where price is more inclined to go next, or if we stop trying to figure and focus more?