Most here do not know how the market the works .
The technical and the fundamental are in sync always.Going with the herd mentality wont save you because you enter very late when compared to hft or hedgefunds or interbanks. They just reverse the price to the exact point where you keep you stops ,sweep them and go in your direction at this time you think its going the opposite direction and take opposite trade they sweep you stops again and go in the opposite direction.
you are not competing with your neighbor or some daft.you are trying to beat the market which is made of men top in their field.
Who has unlimited supply of money to play against you
Who knows DOM ( Depth of the market)
Who can clearly see where your stops are
Most don't realize that there is someone on the opposite side doing the exact opposite of what you are doing...
you must know the basic fundamentals of this game
The technical and the fundamental are in sync always.Going with the herd mentality wont save you because you enter very late when compared to hft or hedgefunds or interbanks. They just reverse the price to the exact point where you keep you stops ,sweep them and go in your direction at this time you think its going the opposite direction and take opposite trade they sweep you stops again and go in the opposite direction.
you are not competing with your neighbor or some daft.you are trying to beat the market which is made of men top in their field.
Who has unlimited supply of money to play against you
Who knows DOM ( Depth of the market)
Who can clearly see where your stops are
Most don't realize that there is someone on the opposite side doing the exact opposite of what you are doing...
you must know the basic fundamentals of this game
When you cant hold anymore,thats when they enter trades to your direction