Do you think the past predict the future? (Market)

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Mani Heshmat
3909
Mani Heshmat  
  • 65% (22)
  • 35% (12)
Total voters: 34
Cuong Truong
5038
Cuong Truong  
About 60% of the time.
Osama Shaban
1549
Osama Shaban  
Yes, but with a percentage that it depends on the indicator/pattern/Japanese Candlestick formation you use.
Mani Heshmat
3909
Mani Heshmat  
My Answer: It's impossible to predict the future price movement, you can only deal with some probabilities.
Alejandro Cuartas
7338
Alejandro Cuartas  
MhFx7:
My Answer: It's impossible to predict the future price movement, you can only deal with some probabilities.
I agreed.
Anton Nel
49545
Anton Nel  

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
8163
Marco vd Heijden  
Nkechi Sonia Kanu
429
Nkechi Sonia Kanu  
yes it can be "HISTORY TENDS TO REPEAT ITS SELF"
untilisleep
241
untilisleep  
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
5160
Jose Francisco Casado Fernandez  
The past does not predict the future but gives hints about it. Regards
Mohammed Mounir
1014
Mohammed Mounir  
No i don't think so, the future depends on the policy of each currency in specific time and for sure it will always be in variation due to countries conditions 
12
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