The logic of your statement is faulty.Quote from Jane Doe:
Past price does influence future price action (duh). Imagine a completely random price action.. would you rely upon it? Would you risk your money on it? Of course not, traders/investors rely on a small but certain non-randomness to the markets. This teeny tiny "predictability" underlies all markets without which would completely collapse. Withot any structure the entire system collapses. Why would anyone trade a completely random system.. Would you trade a coin flip?? Of course not.. duh![]()
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To say that future price action is not determined by past price action does not mean that future price action is caused by nothing at all and is random.
