As is common in all media stories the HEADLINES.. increasingly belie the substance of the article.
And in a world where national domestic, economic, political and foreign policy is reduced to management by Tweet..
The challenge for news aggregator editors (Like NewsStand/FF) is formidable
This story is good example. Its actually about volatility ..a consequence of sentiment, which in turn is a consequence of ultimate economic outcomes from policy trajectories and their consequences.
The devil is ALWAYS in the detail.. and I fear that many hobby fx traders and indeed serious folk dont have the capacity/resources/industry-experience to deconstruct the volume of "fundamental News" they receive... and lack time or energy to read articles in full and end up frequently misled.
Who said trading was easy..
Just a Thought
In a world where news reporting was just that, reporting the news, the effects of and pros and cons of discussion, would be held in the pup. Social media posts would be for entertainment only like page 3. Unfortunately it is very rare to get neutral news. A whole generation has grown up be living the social media versions. This same generation finds it hard to discuss content and reacts as if someone with an opposite view is attacking them personally. Perhaps because they lack the interpersonal tools which would allow them to accept that someone with opposite views, could be a honorable person. Their beliefs are for the most part, as shallow as the media articles they read. Sad really. Politics, religion are such interesting topics, barred from most social gatherings. Not every left winger is a commie and being a commie does not make one a bad person. Economics is a fascinating subject as is political science. Try to have a nutral discussion about that sometime.!! Fascism historically is a product of social discontent. The elites use the mob to gain power. Fascism is a product of the socialist left. Yet people on the right side of the fence get labelled as facists. Racism is borne of the people, of the mob. The same mob the elites used to gain socialist fascist power. History repeats and repeats.
I feel th same way about trading. Is history doomed to repeat itself. Will the same patterns appear as they did in the past? Following Indicators are history. Leading indicators are a shot in the dark. Trading ain't easy. But what goes up must come down and vici versi. There appear to be limits so maybe trend lines and support and resistance have a value. The trader who uses history in a totally obvious and predictsble way, however is probably going to lose. Price hits resistance three times so it must be ready to pop. Place my stop x pips below, my take profit x pips above and sit back. Duh everybody knows that. So do the banks. Who sit back and take your money. All this to say don't believe all (any) social media and chose how you interpret history with care. Time to go to the pub!
