DislikedThe price of currency and stocks really makes no difference... price alone does not tell you anythingIgnored
Price is the sum of all intentions. It is the result of all perceive and behavioral decisions and outcome of every participant.
People are so focused in deciphering this behavioral/perceive/psychological aspect that would result in predicting a move or predicting a direction.... It's total Insanity.
Dislikedfor example if price went up or if price went down... all that matters is the value that people will perceive
so I do not understand why or how someone can or would revolve their trading around watching price.. because if it goes up 100 points it could at that points have perceived value greater or lesser.. there is no indication you can pull the trigger and take the trade in either direction by the price
perception of value is usually rumor, disasters, earnings, new technologyIgnored
You are right "if price goes up 100 points it could have a perceived value of greater or lesser".... So why are people trying to decipher human psychology, human behavior, fundamental news, etc... I don't.
"price is the sum of all intentions" I really don't know how clearer I need to be with this statement.... Commitment of traders are not the sum of all market participants. Fundamental news are not the sum of all decisions made/making of market participants. Currency strengths/ Economic gauges are not the sum of all market participants.It's total insanity to trade on these basis, when the most single CRUCIAL POINT to your advantage is to know the sum of all market participants in order to profit.
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