just to say hello. i have been logged into the forum a few times since monday and its good to see everybody is having their fun. i have tried to share one or two chart on the gbp especially on gbpjpy but somehow i couldnt..but the frustrating is that i dont know why. so instead i tried to describe it. to start with, i found a good entry on gbpjpy but the daily and weekly chart of gbpjpy says something may happens as there is a head and shoulder pattern. i found that this classic and simple pattern is a very powerful one. so this has prompted me from enter. maybe i will wait for a while until a rebounce or the neckline is broken. anyway, holiday season is coming..xmas and new year is coming...trading volume may be decreasing, market will be volatile. i might as well wait for the next bus.
also would like to share my preference in trading (let it be spot forex, equity or future), normally, i prefer to trade on what the price is telling me. But its good to be alert..have one ear listening to all those fundamental things. this will be my guide but when actually to trade, i trade what is the price as it is. no hope..no bias..
on the fundamental thing, it is always good to make sure we know what we are looking at..for example, looking at how much increase in percentage of employment alone may not have a good future economics predictive value. or looking at change of the number of employment alone may not telling you the truth as the number may have been cluttered with the government contribution...this list continues.. so what you do when you are facing this "fundamental issues of statistics"? the answer is you go back to get to know what is the report is and how is the data is compiled and so on.
best regards,
also would like to share my preference in trading (let it be spot forex, equity or future), normally, i prefer to trade on what the price is telling me. But its good to be alert..have one ear listening to all those fundamental things. this will be my guide but when actually to trade, i trade what is the price as it is. no hope..no bias..
on the fundamental thing, it is always good to make sure we know what we are looking at..for example, looking at how much increase in percentage of employment alone may not have a good future economics predictive value. or looking at change of the number of employment alone may not telling you the truth as the number may have been cluttered with the government contribution...this list continues.. so what you do when you are facing this "fundamental issues of statistics"? the answer is you go back to get to know what is the report is and how is the data is compiled and so on.
best regards,
I am bored..