【4/27 1戦1勝 +176pips】GOLD Trade Commentary|Contrarian Temptation Series Episode 1 - Want to go with the flow, but unconsciously try to take the opposite due to psychology
"I’ve lowered it this far, so it must be turning soon."
"Price has been dropping, so I’ll enter a buy."
Doesn’t this kind of thinking just pop into your head sometimes?
This is,a trap that is more likely to trip people up who study theoriesright?
SMC, ICT, Elliott waves, and harmonic patterns.
When you study these, your perspective keeps shifting toward finding a point of reversal, such as, “this is the reversal point” or “the fractal completes here.”
The mindset of looking for the grounds of reversalis constantly moving.
The person thinks they are “analyzing,” but if you look closely,
they are often constructing grounds in the direction against the flowin which the trend is moving.
This is“the unconscious urge to bet against the trend”.
For example, in a clearly declining flow,
they think, “In the next rise I’ll buy a little and take profits on the return.”
This is,even though they call it trend-following in words, their actions are counter-trend.
What you should do is only “aim for when it goes up and then declines.”
Yet, in the middle, the idea of “it might reverse a bit here” arises and they place a buy order.
This becomes the biggest reason for reducing profits.
You can see this well by looking at X (formerly Twitter).
Following what theory-driven posters say,
most people are in a game of predicting the reversal: “this is the reversal point,” “block break here,” “liquidity sweep completed here.”
the wager to forecast the reversal.
The more you study, the more you think you are able to analyze,
and you fail to notice the temptation to bet against the trend.
And because you don’t notice it, you repeat the same mistakes in the same places over and over.
What’s important is tofocus only on the direction of the flow.
Completely erase from your mind the idea of aiming for a reversal.
Just doing this will eliminate wasteful entries.
Today’s chart also shows several scenes where the counter-trend temptation tends to appear.
Observe whether you are not hoping for a reversal as you watch ^^
By the way, this theme will be written as a 3-part series.
Episode 1: The psychology of wanting to stay in line with the flow while unconsciously trying to go against it (this time)
Episode 2: The bias structure of “when it gets this far, it must reverse”
Episode 3: A case of entering with a trend-following mindset while actually holding a reverse-trend bias (unconscious counter-trend)
This content will progress quickly for those who have a GOLD antidote, so please acquire it now.
If you wait to do it later, you may not catch up.
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In the future,as a reader perk of Investment Navigator+we will evolve it.
We’re organizing additional features right now (;'∀')
Now, to the main topic.
As I keep saying, in this Investment Navigator+ we detail where to recognize barriers and how to combine higher and lower timeframes.
If you want to understand the essence of trading, this is it (the market’s answer).
https://www.gogojungle.co.jp/tools/ebooks/77829
↓ For concrete trading methods, this is the GOLD antidote.
https://www.gogojungle.co.jp/tools/ebooks/50406
Now, onto the usual article.