can price action predict market moves

yeah, when Simons started looking at data in the 80's i guess, mean reversion in currencies was a good way of making money.

Price action can mean different things to different people, thats true. but i think all will take some sort of price-time-volume relationship as an input to some kind of a model.
lets take mean reversion: price makes an extended move to one side far away from some kind of fair value (moving avrg, vwap ...) within a short amount of time, here you have price-time-volume as an input.

 

Why don't YOU relax. I didn't think you were responding to my post.

 

That's a very simplistic way of looking at it.

When people talk about 'price action' I interpret that as a visualization of the OHLC data (bars) in various timeframes/settings and further analysis of that data either through a naked chart or with indicators applied to it.

But regardless how you look at it you're still looking at raw data only.

 

Yep. And Al Brooks and a number of "price action only" forum gurus make untold zillions trading this way. Just don't ask for account statements or any other form of proof.

 

You're looking at markets in isolation as monogamous entities, which is a big mistake. You need to understand what's actually driving order flows.

 

%%
It is fake\the idea of market prediction. But some get good @ weather forcasting; but that tends to be seasonal........................................................................

 

Lol thats the one gazilion million billion dollar question,
How the fuck do you know who is doing what at what time?

In globex session ES and EU50 move in tandem,
Most of the time in cash session ES moves in relation to NQ and RTY and YM, based on the underlyings.
Do you think that there is an edge in looking at bar chart when underlyings give a mixed picture?
Do you really think that ES will trend because of a breakout or trend pattern or special moving avrg crossover, meanwhile the information tech, consumer discr. And other high weight sector is not healthy on that day?

 

Al brooks is like the head of a conservative, private church. You dont ask, you just follow.
And he wrote those really complex books, that even he does not understand. And those are their bibles.

 

Inter Market Correlation Analysis.

 

Nah, he's much more like a woke SJW know-it-all.