Disliked{quote} This statement doesn't really make any sense. Aside from that, charts are a graphical representation of the ticker tape (lacking some pieces of information like lot size etc). The "information" you're stating here is fundamentals or what?Ignored
We could see some patterns in an up trend which tells us that the up trend is going to continue, to then after some time see this pattern transform itself into a sideways market, etc.
No information flow, nothing to expect..... or you have some knowledge, that other participants do not have about orders flow kicking in...
It is all a game to be pluged to the information flow, which are basically two kinds, one fundamental (economics's exception), the other other risk events (like a period of stress could bring participants to switch from speculative positioning to conservative, even of the fundamentals on a given economy have not really changed...)
That is why we could say that retail traders can some time have a hard time, because of a miss of information flow, and a miss to plugged to it correctly.
Even if we have some ways to have access to information, an other problem is that we often do not have the technology to react to this news flow as some institution can (problem of speed).
Beside that, I was not meaning that I see conspirators or manipulation, even if I know it can be the case, I was saying that at some level, other participants can accumulate positions on a market for other motives than ours, other than the one we think are at play (we come back on fundamentals). We could all think that a given currency could be subjected to go a given direction because of fundamentals, but the price could be heading an other way because some may know what we don't know.
Bruce Kovner in an interview by Jack Shwager talks for instance about how well informed the Soviet Union was, and that they were taking positions on things that other professionals at that time did not even knows. Kovner in this interview, says that some well informed participants some time knows much more that we all may know, even if we think to fully understand what is going on in a given market at a time.