Most trading systems incorporate existing (or past) pricing activity before telling the trader what to do (the system is fed the data and then reacts). Forecasting price activity accurately, however, is essential to the trader in making profits over very short periods of time. If you know where prices will go in the future (whether the future is the next hour or day), then you will be better prepared to react and take your profits.
Most trading systems incorporate existing (or past) pricing activity before telling the trader what to do (the system is fed the data and then reacts)...