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MhFx7
1338
MhFx7 2016.08.15 02:58 
  • 65%
    (22)
  • 35%
    (12)
Total voters: 34
Cuong Truong
3450
Cuong Truong 2016.08.15 03:06  
About 60% of the time.
Osama Shaban
1306
Osama Shaban 2016.08.15 06:02  
Yes, but with a percentage that it depends on the indicator/pattern/Japanese Candlestick formation you use.
MhFx7
1338
MhFx7 2016.08.18 01:08  
My Answer: It's impossible to predict the future price movement, you can only deal with some probabilities.
Alejandro Cuartas
3235
Alejandro Cuartas 2016.08.19 21:23  
MhFx7:
My Answer: It's impossible to predict the future price movement, you can only deal with some probabilities.
I agreed.
Anton Nel
33576
Anton Nel 2016.08.20 08:38  

No one can predict the future. That is true! But the big boys can predict the direction (up or down) when they trade with large of volumes. Not the future price exactly. How? They can see the DOM (Depth of Market) - they can work out from there. 

For example on BUY EUR/USD Depth (Ask and volume columns):

Ask      Volume
1.13000  25K
1.13020  20K
1.13050  15K
1.13100  10K
1.13500  5K
1.14000  5K
1.14025  .

Let's say one trader sees this DOM. He can afford to buy 80K volumes and he knows the price will jump from 1.13000 to 1.14025 (up to 1.14000) -> that is 100 pips. My point is that he can predict the direction that this ASK price will go up and the spread might gets wider (high volatility).

Marco vd Heijden
Moderator
4073
Marco vd Heijden 2016.08.20 09:03  
Nkechi Sonia Kanu
230
Nkechi Sonia Kanu 2016.11.05 06:47  
yes it can be "HISTORY TENDS TO REPEAT ITS SELF"
untilisleep
80
untilisleep 2016.12.05 09:18  
I strongly believe that markets are irrational. Past present coincidence if any is not due to it happened like that before.
Jose Francisco Casado Fernandez
1536
Jose Francisco Casado Fernandez 2016.12.05 09:24  
The past does not predict the future but gives hints about it. Regards
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