FX thinking has changed - famous quote
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I don’t know if it’s true, but it’s a famous saying from a trader who made a fortune on 2ch long ago. I thought a little more from here.
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A small child is playing in a park
What this child will do is unpredictable
However, the moment you see the child move toward a flock of pigeons, you can predict that the pigeons will take off
People who incur losses are betting on the child’s behavior, so they win and lose
Wait until the child moves toward the flock of pigeons, and bet on the pigeons taking off
About five years ago, when I was idling in the park, I thought of this
Since then, I’ve started to win
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Interpret the small child as a candlestick, the flock of pigeons as a resistance-turned-support, and bet on whether the child will run off or walk carrying food, watching that far…
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