DislikedI don't think I can predict it at all with any accuracy, I just trade the set-ups that are part of my edge. The question probably relates thougn to whether it is possible to see farther out re time scale ? Again I think it is impossible to predict a market - all you can do is have an edge and play the edge - howsoever it is derived (technically, fundamentally or another type of analysis) None of us can know what is going to happen next and if that is the case - then it must be harder to know what is going to happen farther out ?
G/LIgnored
the minute u think u can forecast the market is when market will finish u..through yur own very actions..so its a protective measure to think u cant..
take bguguen as an example..he seemed to think everything in trading is moved in sink with fundamentals..so he trades blindly because he is convienced pound will fall..no protective measure seen in his trading..if u dont protect youself market will screw u..cause anything can happen..
and at the same time:- (paradox) if u dont believe u can forecast the market u will never be able to hold a trade..so i do believe it is about finding a balance and this balance comes from yur mindset adjustment.."in thinking anything can happen"..which is why u say what u say tom
thats what i think anyway