DislikedNav's advice is good - 'trade what you see - not what you think ' What if price just keeps going up - and you are selling every top instead of buying the pullbacks - just beacuse you ahve a 'view' that price will be lower at eod. Personally i have no idea what the next tick will be let alone where it will be in 1min, 5min, 1hr, 4hr or eod - absolutely none - so beacuse of this _ I don't make assumptions or take a view - I just trade what I see regardless of what direction it is going and i am happy that i am clueless as to be being able to predict/take...Ignored
I don't normally do it, but I've been having a bit of fun selling tops/buying falls and scalping for 5-10 pips here and there, whilst nurturing a larger short position (when I say 'nurturing', I mean 'obsessing over'). It works to generate a bit of pocket money whilst I would otherwise just be biting my nails. I don't 'know' I'll win - I'm just playing the odds, as we all are.
I absolutely agree that you should/can only play what you see in the chart.
P.S. - Like the Spectrum logo. Happy days. Where's my hovercar, that's what I want to know? And holidays on Mars?