After confirming it has stopped, it’s not about whether the prediction will hit or miss #MethodsandThoughtsSeries
Before entering, I will summarize what I am conscious of about “where you stop rather than how far you can extend” this time.
Also,Trading is not about whether your forecast is right or wrong, but about where you enter and where you exit, sono matter how accurate your forecast is, if you don’t hold a position, it’s meaningless as a trader.
It’s not about traders who say “Dollar/Yen crashes! Is the yen weakness over? It rose because the forecast exceeded expectations!” or after-the-fact explanations from commentators, or forecasts that will eventually be right; for short-to-mid term trading, such things don’t matter, andyou enter when your pattern appears, and you just skip it if it doesn’t.
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