Based on my own personal experience of thousands of hours studying and analyzing countless charts, I can confidently say that markets are no ‘random walk’.
As a serious data-oriented trader, that has analyzed price action very closely for the past 15 years, I can attest to this as an absolute truth. Nevertheless, because there is so much noise and volatility, markets do seem and feel as a random walk, but not for the sophisticated and well-accomplished market practitioners.
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One of the most important aspects of the Cross-price Matrix™ methodology is its ability to dissect price action into highly organized formations.
These organized formations are the basic framework to all of my trading activities, regardless of any specific market I happen to deal with.
As a matter of fact, the CP-Matrix model is a living proof of the none-randomness nature of price movements. By containing price action with all its chaotic noise, we can then establish a solid-strong trading action plan.
Furthermore, we can generate price predictions with laser sharp precision, mainly due to the cyclical nature of price action, which dictates the direction of the underlying trends beneath the surface of the visible noise.
Back in the sixties, a very famous book called “A random walk down wall street” was written.
This book that gradually became legendary in the financial community, was decisively concluding (to the great disappointment of all technical analysis users) that markets price movement is completely random.
Not a shred of order or any predictive value. Well, to say that the Cross-price Matrix methodology is seriously challenging that notion would be an understatement. In fact, it perfectly demonstrates how more than anything else, markets are very much none-random in their nature.
The legendary 1960's trading book
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