[Question] There are many times when marketing copy claims something grand like "We have never fallen below ○○ pips in the current market," but is that true? [Answer]
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How to make a profit using a 1-minute chart in ladder trading
【Questioner】
There are often slogans like
“There has never been a time in the market when it dropped below ○○ pips”
and they say all sorts of grand things, but
is it really true?
【Answer】
Basically it is also automated trading, but
such slogans are often based on “the performance at the best period”
Some of them show profits or performance within universal market conditions, but
in automated trading, it is often profits from curve fitting
Among those slogans, the most important is
“profit in universal market conditions”
This is because technical analysis only works in universal market conditions
I think saying it doesn’t apply is too strong, but
it might be better to say it’s difficult to apply
Technical analysis presupposes that it is “already anticipated”
Because it is anticipated, traders’ expectations come into play and technical analysis appears as price ranges
If this is not anticipated,
instead of technical analysis, it appears as support/resistance and chart patterns
Things like flags; there are many cases like that,
so I don’t think you should rely too much on such slogans
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