DislikedThe Herd(Do You Know What Direction Your Going to Trade Before You Are Aware Of It?) https://www.youtube.com/watch?v=QelK...ndex=5&list=WL In the experiment, the participants are asked to say a tool and color after they answer a question in under 10 seconds. 80% of the people who do this survey will answer with a red hammer. The Herd. This is because our brains tendency to take short cuts. Our memory is a system of shortcuts we use to store ideas and information. It stores this data in categories like "colors, tools & furniture....Ignored
the short cuts are called heuristic
any approach to problem solving, learning, or discovery that employs a practical methodology not guaranteed to be optimal or perfect, but sufficient for the immediate goals. Where finding an optimal solution is impossible or impractical, heuristic methods can be used to speed up the process of finding a satisfactory solution.
Which applies to Forex, or for that matter many jobs that require quick thinking we go for the things we remember right off the bat and try to apply them to a given situation.
There are those who know, and there are those who don't know.