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Why it is possible to predict price movement?

  • #461
  • Oct 27, 2015 1:15am Oct 27, 2015 1:15am
I would also like to chime in on why it is possible to predict price.

The reason is that you are not predicting price, you are predicting people. People are extremely predictable. This is why you can observe the same price patterns since the Japanese began trading rice with candlesticks 400 years ago.
If you are good at something, never do it for free--Joker
  • #462
  • Oct 27, 2015 1:28am Oct 27, 2015 1:28am
Quoting jmn5611
I would also like to chime in on why it is possible to predict price. The reason is that you are not predicting price, you are predicting people. People are extremely predictable. This is why you can observe the same price patterns since the Japanese began trading rice with candlesticks 400 years ago.
http://www.forexfactory.com/showthre...25#post8559625

(:
  • #463
  • Oct 27, 2015 1:45am Oct 27, 2015 1:45am
Quoting kk007
This sounds a simple question, but it is not indeed. There are a lot of trading methods claim working. Nevertheless, I wonder in general what logic these methods based on in predicting price movement. Can anyone give me a good answer? Thanks, kk007
Go spend yourself some times to read Anna Coulling's "A complete guide to Volume-Price Analysis" book. The logics she states in the book might give you the answer
  • #464
  • Oct 27, 2015 1:45am Oct 27, 2015 1:45am
It is impossible to predict price change and get it right all the time. However, there comes a time when you observe the chart long enough and you're almost sure which way the price will move. Another time is when you know the currency is trading at an unusual rate (Mostly after an important news) and you know it is going to go back to its original position. I opened a position on USD/CHF and went to sleep beacuse I was so sure which way the price would go. I gained 25 pips
  • #465
  • Edited 2:15am Oct 27, 2015 2:04am | Edited 2:15am
Quoting okanemochi
{quote} Go spend yourself some times to read Anna Coulling's "A complete guide to Volume-Price Analysis" book. The logics she states in the book might give you the answer
http://www.forexfactory.com/showthre...92#post6632592
http://www.forexfactory.com/showthre...03#post6632603
http://www.forexfactory.com/showthre...77#post6635677
http://www.forexfactory.com/showthre...24#post6639724


Some older prediction:
http://www.forexfactory.com/showthre...85#post7426585

Have fun!!!
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  • #466
  • Oct 27, 2015 2:05am Oct 27, 2015 2:05am
Quoting Mingary
{quote} http://www.forexfactory.com/showthre...25#post8559625 (:
I saw that post of yours, Ming. I didn't respond because I still think that this is not Mingary. Someone has hacked his account!
If you are good at something, never do it for free--Joker
  • #467
  • Oct 27, 2015 2:24am Oct 27, 2015 2:24am
Quoting jmn5611
{quote} I saw that post of yours, Ming. I didn't respond because I still think that this is not Mingary. Someone has hacked his account!
Or may be ... ...

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  • #468
  • Oct 27, 2015 2:28am Oct 27, 2015 2:28am
Quoting Mingary
{quote} Or may be ... ... {image}
LOL ... that's what I've long suspected. ...

It's funny but it's like "predicting" is a dirty word in trading. I can't see why. Pulling the trigger is the last act of entering/exiting a trade. Nobody pulls the trigger without having "predicted" something first. Only question is, was their prediction right or not.
Ghost Rider - WWTBMD?
  • #469
  • Oct 27, 2015 3:27am Oct 27, 2015 3:27am
I think it's more about reading the People who are taking part within the Markets rather than trying to predict Price movement.

It's the emotions of the People taking part that moves Price.

As Price moves study what the participants are feeling to make the Market move.
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  • #470
  • Oct 27, 2015 3:32am Oct 27, 2015 3:32am
Quoting jmn5611
I would also like to chime in on why it is possible to predict price. The reason is that you are not predicting price, you are predicting people. People are extremely predictable. This is why you can observe the same price patterns since the Japanese began trading rice with candlesticks 400 years ago.
Ghost Rider - WWTBMD?
  • #471
  • Oct 27, 2015 3:38am Oct 27, 2015 3:38am
Quoting albchr
{quote} LOL ... that's what I've long suspected. ... It's funny but it's like "predicting" is a dirty word in trading. I can't see why. Pulling the trigger is the last act of entering/exiting a trade. Nobody pulls the trigger without having "predicted" something first. Only question is, was their prediction right or not.
I agree.We as trader are always predicting.Right or wrong is another matter.Many traders at the initial stage failed horribly and some could not recover from the terrible experience.Later on they always have this complex and really are afraid of this word 'PREDICTION',just like some God/Goddess who invariably punished humans for every wrongdoing.
-CKB
  • #472
  • Oct 27, 2015 3:50am Oct 27, 2015 3:50am
Quoting jmn5611
I would also like to chime in on why it is possible to predict price. The reason is that you are not predicting price, you are predicting people. People are extremely predictable. This is why you can observe the same price patterns since the Japanese began trading rice with candlesticks 400 years ago.
"Holy Grail" exists - accepting where is the first step.
  • #473
  • Oct 27, 2015 3:54am Oct 27, 2015 3:54am
Quoting Davit
Some fging loser calling my equity chart a demo graph last time I demoed was 5years ego for less then 1 month.Not wasting my time on demo.Life is too short. {image}
tshh
  • #474
  • Oct 27, 2015 3:55am Oct 27, 2015 3:55am
Something to think
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  • #475
  • Oct 27, 2015 4:03am Oct 27, 2015 4:03am
Quoting JRissa
Something to think {image}
Quite reasonable and quite possible


-CJ-
A man is not defeated when he is beaten, he is defeated when he quits.
  • #476
  • Oct 27, 2015 4:19am Oct 27, 2015 4:19am
Quoting JRissa
Something to think {image}
Fits with a longer look at EA. I CT the bounces but still looking for good short entries overall. ... probably just missed one as I slept ... lol
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Ghost Rider - WWTBMD?
  • #477
  • Oct 27, 2015 4:26am Oct 27, 2015 4:26am
Quoting albchr
{quote} Fits with a longer look at EA. I CT the bounces but still looking for good short entries overall. ... probably just missed one as I slept ... lol {image}
I would think scenario something like:
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  • #478
  • Oct 27, 2015 4:59am Oct 27, 2015 4:59am
Quoting JRissa
{quote} I would think scenario something like: {image}
Agreed, a distinct possibility long term. As I'm primarily a day trader (for now), I tend to only look a couple days to a week or two out so I don't normally mark levels much beyond that. I figure plenty of time to do so. So I guess "longer" to me is within a week or two. From what I've seen, most have varying ideas on Long, Mid, Short term.

I'm not really sure myself and I think it just depends on the individual but for me, Long is several weeks to months. Mid is several days to weeks and Short is intraday and less.
Ghost Rider - WWTBMD?
  • #479
  • Oct 27, 2015 6:32am Oct 27, 2015 6:32am
Some more to talk about.
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  • #480
  • Oct 27, 2015 6:47am Oct 27, 2015 6:47am
I think the price can be predicted if:
- you have an experience in trading;
- situation on the marker is quite stable;
- you're a lucky person
The way to get started is to quit talking and begin doing.
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