bigballer,
I have mentionned this I think before that totally forget about fundamental when you are using enough big time frames. Just some news can make flurries on market. Fundamental for stocks are so important. But when using enough technical instruments you just need to know if there is a very important news on the way? If yes you just take care otherwise they will mislead you. It is joky that some sites drastically want to interpret moves with fundamentals. Really it is not possible that for such trading types you indicate proper and exact levels to enter, to exit and to pose oders or stops. They are totally interpretable, means that good for nothing in practice. In other words, this is like mass and energy, in astronomical speeds, mass and energy are the same things. You are expecting a sell-off regarding GDP, on the chart you find a reversal pattern like double top. These are the same. I can read your mind that you now have a question: So we can nicely use the fundamental at least as a confirmation or a part of our strategy. In fact, theoritically you are right. But what about if you know that these are some that know the figures or tamper with them for many reasons? So thiese are the cases that you will lose just because of regarding intensively to fundamental. Remember that I told PRICE IS THE BEST INDICATOR. Because no body can cheat on it.
I hope this helps, it's my personal opinion and any other suggestion or opinion is respectable.
Happy trading,
Ibo
I have mentionned this I think before that totally forget about fundamental when you are using enough big time frames. Just some news can make flurries on market. Fundamental for stocks are so important. But when using enough technical instruments you just need to know if there is a very important news on the way? If yes you just take care otherwise they will mislead you. It is joky that some sites drastically want to interpret moves with fundamentals. Really it is not possible that for such trading types you indicate proper and exact levels to enter, to exit and to pose oders or stops. They are totally interpretable, means that good for nothing in practice. In other words, this is like mass and energy, in astronomical speeds, mass and energy are the same things. You are expecting a sell-off regarding GDP, on the chart you find a reversal pattern like double top. These are the same. I can read your mind that you now have a question: So we can nicely use the fundamental at least as a confirmation or a part of our strategy. In fact, theoritically you are right. But what about if you know that these are some that know the figures or tamper with them for many reasons? So thiese are the cases that you will lose just because of regarding intensively to fundamental. Remember that I told PRICE IS THE BEST INDICATOR. Because no body can cheat on it.
I hope this helps, it's my personal opinion and any other suggestion or opinion is respectable.
Happy trading,
Ibo
Quoting bigballerDislikedAnd what are you thoughts regarding what the FOMC does tomorrow??
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