NZDCHF Testing Mean Reversion
Ok, just now I exited the sell trade for NZDCHF testing of mean reversion. However, I quickly realised that price doesn't necessarily respect the 60SMA. And when price does make an oversold or overbought, and that price is moving in a certain direction based on evidence ie. higher high higher low, in this instance, then, we should take that into serious account instead of trying to go against the grain.
I think that this is just like business, you cannot stick to something when it is not working, and you know it is not working and you know that it is not something you can operate even if it turns out to be profitable.
Ni bu ke yi resistant, ni resistant yi ding hui bei tao tai. - Ryan(R U Okay!? on WahBanana CEO episode) You cannot be resistant, once you be resistant, you get disqualified.
I think that this is just like business, you cannot stick to something when it is not working, and you know it is not working and you know that it is not something you can operate even if it turns out to be profitable.
Ni bu ke yi resistant, ni resistant yi ding hui bei tao tai. - Ryan(R U Okay!? on WahBanana CEO episode) You cannot be resistant, once you be resistant, you get disqualified.
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