Dislikedsorry, you could not be more wrong. you already have been on a good way by judging everything that matters can be read on the price, time, vol.
too bad, that you came back to trusting fundies and did not develop chartreading skills. otherwise i have no explanantion for falling back. the oil price drop is just another example of the fundies at work to mislead you, whilst charts told a very different story. key is disregarding that informational noise.
do you believe what news tell you? then thats another misconception in thinking. even wise men...Ignored
i read my text and yours again and got to realise that i presented my text a hell of a misleading one, i wrote my reply late at night too
I didn't think of fundamentals as news, i consider fundamentals as what other markets such as equities, bond and commodities do...is that fundamentals by the way ?
this is how i trade...i mainly compare different markets and find streghts and weaknesses...no, i myself don't care about each single news event what so ever...I think i got one thing right what i meant though....and that's expectations...that's what matter and that's what bonds and such reflect....whether it's correct one or not...like bond spreads may be leading the long term trend, or interest cycles are becoming to an end, inflation out look for the long term and such....that's my understanding of fundamentals....but if i need to put on a trade i don't think of inflation numbers nor any other news but simply compare the sentiment throughout financial markets....
hope to make myself more clear ....in one sentence: charts are what i care about the most...but that doesn't mean that the only chart i care about is the instrument i'm trading
what i meant before was that every currency pair has different factors that determine the price...like equities and carry pairs, like gold and aussie and so on and so forth...if trading one can't just rely on that instrument's chart and trade blindly by looking at that...furthermore if one don't have volume either
btw you must give me a seminar about vol and the way you use it