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Originally Posted by TraderABC
Hi all.
Does past price action in any way shape the direction of future price action?
Lets brainstorm, are there any ways to check this? Any ideas? Indicators, etc?
thank you!
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YES! Its all about sentiment. TA is the representation of "herd" instincts; these never change in any meaningful way. We are talking about "reaction" -- they may get to a different river, different depth, different surroundings etc., containing different crocs, but they will jump in nonetheless. The ones that make it to the other side of the river, then come to Moneytec and extol the virtues of Stoplosses.
