Market tops and personal assumptions: Mental整理 on the day you skipped the long position Note: The original contains Japanese text "相場の天井と自分の思い込み:ロングをスルーした日のメンタル整理". The translation preserves the HTML structure and decodes/derives the meaning as: "Market
When trading, there are times when I secretly decide in my own mind, “Perhaps the price has reached its ceiling around here.”
In the current USD/JPY market, I felt a mix of concern that the yen could still weaken further and the subjective thought that “this might be the ceiling.”
Amidst that, the stochastics buy signal (golden cross when %K5 and %D are below 40) lit up. In theory, that would be the entry timing, but my intuition and emotions said “going long feels a bit scary,” so I decided to pass for now.