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Fundamental Trading Always beats Technical Trading 100%

  • #361
  • Apr 17, 2018 3:03am Apr 17, 2018 3:03am
Quoting wannabebig
fundamentals give you a destination, technicals give you a map. Where are we going vs. how are we going to get there.
Exactly!! Lol but some people do not want to put the effort in!!
  • #362
  • Apr 17, 2018 3:04am Apr 17, 2018 3:04am
Quoting riclater211
{quote} See exactly what I mean. All Ego. Never spoke to this person or said anything negative about them yet I get bashed for speaking my mind. Childish uneducated response. Thanks for proving my point son - Ric
I want to clear up that response because I somewhat know this guy and I am quite shocked he would say that so I await his response.

Apologies for that Ric.
  • #363
  • Apr 17, 2018 3:07am Apr 17, 2018 3:07am
Quoting Samson85
{quote} I want to clear up that response because I somewhat know this guy and I am quite shocked he would say that so I await his response. Apologies for that Ric.
Its alright Samson. No need to apologize. I cant be offended by people I don't know or who do not know me. I have come to expect this sort of thing.

- Ric
Be humble or get humbled
  • #364
  • Apr 17, 2018 3:10am Apr 17, 2018 3:10am
Quoting Samson85
{quote} Caleb why the anger? Has this guy offended you in the past?
Not angry, I only sneezed because I am allergic to bullshit
Read in between the price!!!
  • #365
  • Apr 17, 2018 3:12am Apr 17, 2018 3:12am
Quoting calebfx
{quote} Not angry, I only sneezed because I am allergic to bullshit
Well I hope all is well, but that response was not cool you know, especially as you never interacted with the guy because if someone did that to you now you would not stand for it so why not sneeze the guy an apology.
  • #366
  • Apr 17, 2018 3:14am Apr 17, 2018 3:14am
Quoting Samson85
{quote} Well I hope all is well, but that response was not cool you know, especially as you never interacted with the guy because if someone did that to you now you would not stand for it so why not sneeze the guy an apology.
No need for an apology. Not sure what I did to this guy but he feels how he feels. Its all good.

- Ric
Be humble or get humbled
  • #367
  • Apr 17, 2018 3:14am Apr 17, 2018 3:14am
Quoting Samson85
{quote} Mate what are you talking about? I broke down the analysis of the trades I took yesterday and gave me reasons for pulling out of them which I made minimal profit on. To me that is a losing trade because I did not see out the trade and missed a whole heap of pips. I was just happy to hold on to my gbp/usd swing but I made a silly error, but my reason was for possible Monday consolidation and it not being the best days for entry!!! Patience was lacked and I wanted pure smoothness I was buying quite high up on the pairs!! Lol @ the price gives...
In my last post I mentioned order book and sample size, then you ask me what I am talking about? Well, alrighty then!

Moving on.

What makes a trader money is not that there will be news, it is how those traders react to that news. With enough seat time you can literally see on your chart when news is hitting. So what I factor in, is how bulls and bears are behaving as I am watching the chart. It is all I need to know to make money. Many ways to skin a cat.
If you are good at something, never do it for free--Joker
  • #368
  • Apr 17, 2018 3:22am Apr 17, 2018 3:22am
Quoting Samson85
{quote} Well I hope all is well, but that response was not cool you know, especially as you never interacted with the guy because if someone did that to you now you would not stand for it so why not sneeze the guy an apology.
Calling someone a noob is not an insult or being rude, if any it is a statement which can be refuted by the person being called, I read what he had to say and wasn't impressed
Read in between the price!!!
  • #369
  • Apr 17, 2018 3:26am Apr 17, 2018 3:26am
Quoting jmn5611
{quote} In my last post I mentioned order book and sample size, then you ask me what I am talking about? Well, alrighty then! Moving on. What makes a trader money is not that there will be news, it is how those traders react to that news. With enough seat time you can literally see on your chart when news is hitting. So what I factor in, is how bulls and bears are behaving as I am watching the chart. It is all I need to know to make money. Many ways to skin a cat.
Ok, now I have mentioned in the past how I rate technical traders who know how to trade which leads them to fundamental direction and it seems that's how you trade. I mentioned in this thread not long ago that there is only like 5 hedge funds who trade technicals only in the world but make it work.

I responded to the cherry picking comment; when the trade I posted on here yesterday gbp/cad & gbp/aud I bailed out on with minimal profit but its a loss in my eyes because I missed out on over 180 pips!! Overall the analysis was right, but i was too reliant on gbp/usd (in profit greed). So it was a psychological blunder!!
  • #370
  • Apr 17, 2018 3:33am Apr 17, 2018 3:33am
All I'm gonna say concerning this Samson as you know me enough to know I only come here every now and then for comic relief is;
Arguing fundamentals vs technicals is a fools debate, they all amount to nothing if price action is not taken into consideration, for a while now there is absolutely zero indicator on my chart save the occasional use of pivots(as I prefer my own SR lines)
All a trader ever needs to be consistently profitable is discerning price turning points consistently.
Read in between the price!!!
  • #371
  • Apr 17, 2018 3:33am Apr 17, 2018 3:33am
Quoting calebfx
{quote} Calling someone a noob is not an insult or being rude, if any it is a statement which can be refuted by the person being called, I read what he had to say and wasn't impressed
Yes i get that, but you called him a f**** noob which was rather harsh and aggressive considering 0 engagement with him prior.

If you look at his gbp/jpy trade in this thread you would actually appreciate his ability.
  • #372
  • Apr 17, 2018 3:40am Apr 17, 2018 3:40am
Quoting calebfx
All I'm gonna say concerning this Samson as you know me enough to know I only come here every now and then for comic relief is; Arguing fundamentals vs technicals is a fools debate, they all amount to nothing if price action is not taken into consideration, for a while now there is absolutely zero indicator on my chart save the occasional use of pivots(as I prefer my own SR lines) All a trader ever needs to be consistently profitable is discerning price turning points consistently.
Okay pal I get you and price action is very key, but how many people really pay attention to that in their technicals? When I am seeing rsi and stochastic as well as going of candle sticks I feel like puking.
  • #373
  • Apr 17, 2018 3:45am Apr 17, 2018 3:45am
Quoting Samson85
{quote} I mentioned in this thread not long ago that there is only like 5 hedge funds who trade technicals only in the world but make it work.
Man o man...you better check your facts. I posted about 54 diversified systematic fund managers that trade non-predictive technicals earlier in this thread with an audited track record of 18 years plus....is this selective reading?...... The struggle we had apart from Jarrad Davis's track shorter term track record was finding longer term track records in the Fundie space that matched them. Not to say that fundamentals is not a valid technique but please don't apply selective memory and it helps to back up your assumptions.
  • #374
  • Apr 17, 2018 3:48am Apr 17, 2018 3:48am
Quoting Copernicus
{quote} Man o man...you better check your facts. I posted about 54 diversified systematic fund managers that trade non-predictive technicals earlier in this thread with an audited track record of 18 years plus....is this selective reading?...... The struggle we had apart from Jarrad Davis's track shorter term track record was finding longer term track records in the Fundie space that matched them. Not to say that fundamentals is not a valid technique but please don't apply selective memory and it helps to back up your assumptions.
Oh yes you did I remember.

My apologies on that as you had a very technical convo with Synicz which was a pleasure to read

Lol it was not selective but I have to trade as well you know lol.
  • #375
  • Apr 17, 2018 3:55am Apr 17, 2018 3:55am
Quoting riclater211
{quote} No need for an apology. Not sure what I did to this guy but he feels how he feels. Its all good. - Ric
Alright mate, sorry. My plan wasn't to bring you down okay? That's that..cheers and good luck
Read in between the price!!!
  • #376
  • Apr 17, 2018 3:56am Apr 17, 2018 3:56am
Quoting Samson85
{quote} Oh yes you did I remember. My apologies on that as you had a very technical convo with Synicz which was a pleasure to read Lol it was not selective but I have to trade as well you know lol.
Gracious response. Respect for that S. I am a bit passionate about my particular space I dwell in you see
  • #377
  • Apr 17, 2018 4:38am Apr 17, 2018 4:38am
Quoting calebfx
{quote} Alright mate, sorry. My plan wasn't to bring you down okay? That's that..cheers and good luck
No harm no foul. Everyone is entitled to their opinion. Good luck to you as well.

- Ric
Be humble or get humbled
  • #378
  • Apr 17, 2018 5:16am Apr 17, 2018 5:16am
I took a small short on this trade of the back of GBP employment numbers coming back softer than expected.

I believe it won't make a difference to the hike next month but it has given traders a reason to start taking profit after such a bullish trend. If cpi comes out weak tomorow then this could be the end of the trend.

I set my target to the daily pivot but I have a feeling it could go all the way to the r1 pivot so I may take half the profits of the table and let it run.
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  • #379
  • Apr 17, 2018 8:00am Apr 17, 2018 8:00am
Quoting Samson85
I took a small short on this trade of the back of GBP employment numbers coming back softer than expected. I believe it won't make a difference to the hike next month but it has given traders a reason to start taking profit after such a bullish trend. If cpi comes out weak tomorow then this could be the end of the trend. I set my target to the daily pivot but I have a feeling it could go all the way to the r1 pivot so I may take half the profits of the table and let it run. {image}
So here is my question, the bulls have the monthly and weekly space. The bears have only the daily space. Why would the news make you take a short in front of so much bullish power? What if the small correction is a bear trap? Bulls will be waiting at the 50% pullback of the primary weekly trend. What is your view?

I am taking the time to put this analysis out from a technician because I believe you are really trying.
If you are good at something, never do it for free--Joker
  • #380
  • Apr 17, 2018 8:05am Apr 17, 2018 8:05am
Quoting jmn5611
{quote} So here is my question, the bulls have the monthly and weekly space. The bears have only the daily space. Why would the news make you take a short in front of so much bullish power? What if the small correction is a bear trap? Bulls will be waiting at the 50% pullback the primary weekly trend. What is your view? I am taking the time put this analysis out from a technician because I believe you are really trying.

If you look at where I shorted it from it hit the target. Employment data came out bad and Instantly sold when I saw the data appear. It was quick scalp because pound needed a pull back and data is a quick way to make pips of you understand how to as there are different methods to trading risk events.

Although I thought there was a possibility of it hitting s2 pivot it didnt not a big deal as I still profited.

I hope this helps.

I am now long gbp/nzd because nzd is the weakest today.

Will post trade soon.
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