DislikedWhy I say targets? Because I have found something about real targets. (unfinished business or negative orders in their orderbook) It's not about what they call every HL, HH as targets. But some real life context in it. Assuming that every HH and LL,etc as targets is wrong for me.Ignored
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There're 2 points to clear up that keep coming up.
For real life context let's assume the housing market.
Do house price go up because the property valuers recalibrate the latest value upwards that nudge up the loan quantum or there were more buyer volume at current price?
Do house buyers expect their house value to rise, stay or fall at the time they sign the dotted line to their new property?
There're are 2 v's, volume or value that the house buyer use to make his decision. Which v do house buyers do track when we bought our property?(we're not stupid when we bought our property, strange we turn stupid in this Forex market. That's why I wrote I stopped thinking stupid that changed everything for me - watch the valuer.)
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Ihlas wrote "assuming every HH, LL, etc as targets is wrong".
Lets look at the property market again. Some property speculators look at long term future value and when such prized properties come on the market they collect them.
It's common knowledge that there're many who gamble on the hot property market flipping property with no real money(taking advantage of the system). Ofc make a lot of money doing this, changed their lives. We also know there're many who got badly burned that one time that changed their lives as well. That's why many chose not get involve eventhough we have the money.
Ihlas wrote, "Let's eliminate short targets."
Some people are far sighted, some short sighted.
Different strokes for different folks.
Our trading tells a lot about us.
Enjoy the weekend. Cheers
Trade the value
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