Let's stop continually adding technical analysis; otherwise the brakes won't work.
There are trending markets and ranging markets in the market
And there are markets that move forward and markets that move back
And then, due to the gadgetry of the time axis
a market that continues to advance appears
But this continuing-up market is itself vague in existence
it was something concluded from past market analysis that seemed to have been pulled by the 4-hour chart’s axis
there are also cases where it is the daily chart
but this, in one word, means
it is a time axis full of noise
Ultimately
the axis of the long-term time frame is only about the future to come
whether it comes depends on the movement of the short-term bars
this seems wrong but is the truth
between scalping and day trading lies the traders’ expectations that align and misalign, weaving in and out
which creates a mechanism where predictive moves on the 15-minute or 1-hour charts tend to hit more often
and this is the trick that makes it so
the forward-looking tendency tends to be quite successful
this also is highly influenced by luck, so it is better not to rely on it
the final market judgment is left to human discretion, like poker
continuing to add technical analysis
becomes a factor that prevents any rational understanding of such tricks
ultimately what you are doing is not far from chasing the Holy Grail
in chasing the Holy Grail you pay attention mostly to profits
no, many people also pay attention to losses
Nevertheless
the Holy Grail = a strategy that is hard to lose and makes large profits
or a stable strategy
but when you think of it in terms of automated trading, you realize it is something impossible
for example, in a trend-following scenario among dollar/yen and other factors
even if there were indicators that can determine trend-following
using them, you still cannot eliminate the noise
if you state only the final result in the first place
the truth is
if you compare losses to profits
there is not much chance that it will change drastically
the market will not keep moving in that direction forever
so do not harbor excessive expectations for technical analysis
develop the ability to trade in a way that suits you
get a discretionary technical approach
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