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Old 10-03-2006, 07:22   #63
TraderABC
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Re: Are currency markets random?

Quote:
Originally Posted by vision3001
You may enjoy reading this publication titled "Currency orders and exchange-rate dynamics: explaining the success of technical analysis"
1. http://ideas.repec.org/p/fip/fednsr/125.html
2. http://trend.behaviouralfinance.net/Osle01.pdf
3. More: http://trend.behaviouralfinance.net/
4. More: http://www.technicalanalysis.org.uk/

Happy reading and profiteering

Thank you very much for thos links. However here are my comments:

1)Vast majority of articles there are for the STOCK, STOCK market. Only newbies think that stock market has ANY resemblence to FOREX (which I assume that all of study on this site).

2) "The balance of supply and demand, or market action, is the root of price setting. "
http://www.technicalanalysis.org.uk/

3)Mass emotions making trends and crowd - Psychology of Elder.

Overrated. The big dogs who DO move the market are not emotionally unstable to a degree where they make irrational choices and panic.

There is no supply/demand in the Forex, only in the commodity markets it plays a role.

Last edited by TraderABC : 10-03-2006 at 08:06.
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