Hello everyone, I don't know if this kind of topic has been existed before or not, so if i made double post of the same kind of topic please point/guide me to the existed one.
Okay, the topic I want to know / discuss is just like this thread's title, The physical characteristics about market, you guys may also put in any other markets, but the only points are about objectivities of the market. Please note that subjectivities (the things you guys seeing from your goggle/judgment) are supposed to not be included. And because I put this thread in the Discussion subforum so this thread will not be a one man show, I want you the experienced traders or new traders all give some entries because I just like any other new unexperienced trader, I knew so little about this Giant ocean markets, and also what I know are what I got from other member's thread, so I will give credits for those members as I quoted not so precisely from them. And here you may also deny what is written if you can proof that it's wrong or don't work all the time
Here we go, what I know for now :
1. Price will either move above or below any single reference point in some periods of times (any single price value) [credit for esuffw, sorry if I am spelling your nick wrong]
2. 95% of the time Price will close above or below it's opening value, and less of 5% of the time price will close at it's opening price [credit for CrucialPoint]
3. what is going up will be going down and vice versa (credit for Nanningbob]
4. Price is moving because of orders, market orders or pending orders
5. there is no one way move periods in all time frames altogether, even in strong trending days like 2008, there will be corrections in smaller time frames
6. There will be no exact / absolute highest or lowest price in any market (except 0)
7. When price move up at any period of time, it is because there are more buying orders that are willing to be placed at the given price than selling orders at the moment, and vice versa.
That's all I've got for now, will add more later if find other new, please share yours
Okay, the topic I want to know / discuss is just like this thread's title, The physical characteristics about market, you guys may also put in any other markets, but the only points are about objectivities of the market. Please note that subjectivities (the things you guys seeing from your goggle/judgment) are supposed to not be included. And because I put this thread in the Discussion subforum so this thread will not be a one man show, I want you the experienced traders or new traders all give some entries because I just like any other new unexperienced trader, I knew so little about this Giant ocean markets, and also what I know are what I got from other member's thread, so I will give credits for those members as I quoted not so precisely from them. And here you may also deny what is written if you can proof that it's wrong or don't work all the time
Here we go, what I know for now :
1. Price will either move above or below any single reference point in some periods of times (any single price value) [credit for esuffw, sorry if I am spelling your nick wrong]
2. 95% of the time Price will close above or below it's opening value, and less of 5% of the time price will close at it's opening price [credit for CrucialPoint]
3. what is going up will be going down and vice versa (credit for Nanningbob]
4. Price is moving because of orders, market orders or pending orders
5. there is no one way move periods in all time frames altogether, even in strong trending days like 2008, there will be corrections in smaller time frames
6. There will be no exact / absolute highest or lowest price in any market (except 0)
7. When price move up at any period of time, it is because there are more buying orders that are willing to be placed at the given price than selling orders at the moment, and vice versa.
That's all I've got for now, will add more later if find other new, please share yours