DislikedThe markets are said to be random walk. Through the years of trading I really believe that the markets are random walk with a drift (drift means the current trend). So in roulette sense random walk is black or red happening has a %50 chance (omitting the zero). Some of you will argue that the markets are not random. I totally respect that. But unfortunately the markets are very close to random walk. I devised a support and resistance indicator ( using abokwaik indicator, praise to him). You will...Ignored
The markets are not predictable 100% but the market has probabilities so is not random. A random market could not be effected or moved by FOMC, BOC, BOE, EU, BOJ or Goldman Sachs.
Belief in Random walk theory but using charting technique is like saying “I believe the earth is round and I believe the earth is flat.”
Ecclesiastes 1:9
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