Yes, I saw that post (read the whole thread) but, if he trades off the charts, then really, what is the point of his strong emphasis on the continuing weakness of the dollar? If the chart trumps the fundies every time, then why bother with the fundies at all, much less having such an emphatically strong opinion of them?
In other words, what is the point of his strong fundies opinion if it doesn't actually factor into his trading?
P.S., I've combined Jacko's method with James16's stuff as well as some of my own stuff to get a much clearer determination of the highest probability entries. Making bucks big time!! Thanks Jacko, Jim and me. <hehe>Ignored
This is another question where someone is asking whether i have "concrete, never-to-be-changed, purely mechanical" rules, (similar to the questions about any "rigid rules" for priority in regard to 50% Fibs, round numbers and trend lines).
Again, I try to think in a logical and methodical way.
1. I only use the Charts in the normal day to day trading environment.
2. In situations like this Credit meltdown, I tend to let the Fundies intrude on my thinking. (perhaps a little too much....maybe if I had worked ONLY with the Charts, I might have gone short at 1.3700 or even 1.3450...but who knows....it is all 20 /20 hindsight now....PLUS I always tell myself that I did whatever I did because at that time, it was the right thing to do).
3. Also, my personality style is such that I want to know what is happening in the "business" that I am in.
I don't know if I have answered your question but I have tried.