The summit begins to descend, and only then is it understood
Hello!! I am Hige Yusho, the FX Stong Trader.
What I felt while driving on the mountain road in Hakone yesterday was that it’s better to判断 that you’re near the summit after a bit of descent continues, rather than judging at the ascent that you are near the top.
This also applies to the forex market: instead of judging the top during an upward move and entering a short position, it is better to wait for a continued decline and then judge that the previous move was the top and enter in line with the trend.
I think this is something everyone understands, but it’s hard to actually implement.
Certainly, when you look at the 4-hour or daily charts and one direction’s trend has continued for a long time, visually you might think that it’s about to drop, but you must endure this.
If the market continues to rise, demand to buy is dominant.
If you enter aiming for a reversal in such a market, you will be met with losses as a counter-move.
In my view, in the market battlefield it’s not about which side is a friend or foe, but about always steering with the prevailing market in a crafty way and obtaining profits.