Price action pattern, and random thoughts

ok, I am sure we all here have learmed about everything and anything about price action, head shoulder, 1-2-3, double top, flag, etc etc. However, I read a book that showed a chart on coin toss and daily temp chart, it looks exactly like commodity charts, which resembles many similar patterns. my qusetion is, I am sure temp is not man-made, and it has been deemed that it is not predictable at all. what about commodities?

... perhaps the market movements are not totally man made either ..... doesn't mean it is not predictable to some degree though, look beyond the surface of the market and you will discover that it ties into more natural causes, fibonacci is a very small example of what I talk about.

The markets do have order, it is there to be found, random walk theory and other like minded theories come from those dispirited from bad experiences in my opinion. Ever wonder why some technicals describe what price action will do before a news event happens? Of course the challenge is to trust it rather than see it in hindsight of course, but there is a natural order to most things in the world, the market is no different.

We can i learn more about price action? Can someone please give me the link or documentation?

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Sinar FX

so I guess there goes the theory that market is manipulated. I guess in a way it is. When JCB buys 10 billion dollars back, dollar will go up but I think fractal geometry will do best at predicting the market. anyone ever read up on Hurst's stuff?

For starters try the James16 chart thread. That should tell　you more than enough to get started.

http://www.enthios.com/Lessons/Tradi...dingblocks.htm

Enjoy

moneydude, your suspicions in my opinion are exactly right, I haver read a little of Hurst, a lot of Gann, Jenkins, Cowan, Bayer, Ferrera and Gilmore who all touch on these concepts to some degree, and based on them and my own work, I would recommend exploring the concept further.