Why is short-term contrarian trading the strongest?
This becomes a theoretical discussion.
First of all,
in this虚拟 reality, the game called fx exists to give the imaginator of虚拟 reality a chance to earn money in the short term in this world.
The game fx consists of a start and a goal, and it applies to all timeframes from ultra-short-term 10-second charts to ultra-long-term yearly charts.
If you start, you will not stop until you reach the goal, and once you reach the goal, you will surely stop.
The long term contains the short term → keep this in mind and think logically.
For example, when moving on a daily chart, even if you do not reach the daily chart's goal, within that wave you will repeatedly reach the 5-minute chart's goal.
Therefore, when trading against the trend, you should approach with the image of taking the short-term price movement.
Because if you try to take the long-term movement, you must reach the daily chart's goal ✖
On the other hand, for the short-term movement, the 5-minute chart's goal is sufficient.
If anything, even if the 1-hour chart's goal or the daily chart's goal happens to be reached, you can take advantage of it.
Now, what about the trend-following (going with the trend)?
For example, suppose we are currently in an uptrend.
We set a target of the first 10 pips for a long entry.
However, what if there is a 1-hour chart goal 5 pips above?
You would likely be stopped out when the price reverses against you.
To extreme the idea, target just 1 pip above.
But what if there is a daily chart goal 0.1 pips above?
That’s how it is.
So, logically, I think short-term contrarian trading is the easiest to trade.
That’s all.
Excerpt from Blog: Behind-the-scenes information of a full-time trader
First of all,
in this虚拟 reality, the game called fx exists to give the imaginator of虚拟 reality a chance to earn money in the short term in this world.
The game fx consists of a start and a goal, and it applies to all timeframes from ultra-short-term 10-second charts to ultra-long-term yearly charts.
If you start, you will not stop until you reach the goal, and once you reach the goal, you will surely stop.
The long term contains the short term → keep this in mind and think logically.
For example, when moving on a daily chart, even if you do not reach the daily chart's goal, within that wave you will repeatedly reach the 5-minute chart's goal.
Therefore, when trading against the trend, you should approach with the image of taking the short-term price movement.
Because if you try to take the long-term movement, you must reach the daily chart's goal ✖
On the other hand, for the short-term movement, the 5-minute chart's goal is sufficient.
If anything, even if the 1-hour chart's goal or the daily chart's goal happens to be reached, you can take advantage of it.
Now, what about the trend-following (going with the trend)?
For example, suppose we are currently in an uptrend.
We set a target of the first 10 pips for a long entry.
However, what if there is a 1-hour chart goal 5 pips above?
You would likely be stopped out when the price reverses against you.
To extreme the idea, target just 1 pip above.
But what if there is a daily chart goal 0.1 pips above?
That’s how it is.
So, logically, I think short-term contrarian trading is the easiest to trade.
That’s all.
Excerpt from Blog: Behind-the-scenes information of a full-time trader
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