“In order to become consistently profitable, you must learn to trade what you see and not
what you think.”
Enough experience in the market can delude some traders into believing that they can fully predict price action. Specifically when you start drawing the charts and the market does the exact same you were expecting it to be and you start getting excited. Every analysis you do has the possibility of going against you.
There is a difference between predicting the price action and trading the price action. You can predict the price action, it costs you nothing, it only requires some past experiences and how good you’re at drawing levels on charts. But remember one thing: predictions have no confirmations and you can’t put money on something you’re not sure yet.
Every time you’re predicting a price action there is always a level that the price needs to break to give you a confirmation that the price will now most likely follow your prediction And once that happens that’s when you put your money in.