Applying Static & Dynamic Analysis To Your Trading | Forex Factory

  • Applying Static & Dynamic Analysis To Your Trading

    From seekingalpha.com

    Most of us are familiar with static analysis, which is defined as either fundamental or technical analysis as measured up to a particular point in time, i.e. previous market behavior. It is our static analysis that provides a directional bias - ideally a statistic based bias - be it a premise or assumption based on economic data (causation analysis) or price pattern. Yet once we have determined which market and direction to take a position in, how should we go about timing the entry, the management, and the exit of the trade/position when price is constantly revaluing itself based on new incoming news? This is where ... (full story)

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frx_trader
Mar 9, 2014 4:07pm
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Look at these predictions even when the market is closed. Someone tries to see the future.

The concept of support and resistant is sound. When price hit the support, it either tries to break or retreat to previous level.

But we cannot be sure the support will break, not even fundamental approach or data can tell us, only time can tell.

So when the market is closed, there is no price movement, how can anyone be so sure that supports would have been broken?
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mima
Mar 9, 2014 4:54pm
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Quoting frx_trader
...So when the market is closed, there is no price movement, how can anyone be so sure that supports would have been broken?

2 (two) crystal balls from China do the job....If done right, custom made...what else you need?
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Trout
Mar 9, 2014 4:09pm
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HI FRX Trader,
Well said: "only time can tell".
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