Hey @louisthomas! Thanks for another interesting video! I am rather skeptical of TA, but Tone Vays has an interesting approach and also Datadash who mostly uses Simple tools like SMA often makes good calls. So there seems to be something to it, I just haven't had the time to have a closer look. The sentence you read/quoted, that all information is reflected by the price is very interesting. One thing that came to mind is that although countless factors always resemble the same result, can you really deviate or backtrack all information from it and predict its movement? Is one attribute(price/price action) really enough to predict the next move? Since it concentrates so much information into one attribute, the impression I get is the one from a hash function. One that always delivers the same result, but can never be backtracked to its original input. But that's just the train of thought of a traders-laymen, which is why I reside on the technological side of things. 😅
Thanks again for this interesting video!
Cheers - @sblue
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