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  • #549,301
  • Oct 11, 2011 5:11pm Oct 11, 2011 5:11pm
Quoting dbfusion
I am a technical analyst just like most the guys here .
I cannot and care not to understand the news .
i didn't care for the downgrade avalanche nor the double dip nor the collapse of all stocks and entered long on that crazy day 4th of October where Armageddon was about to start
and certainly I careless for Slovenia ( which I have no idea of where on the map is it) voting on God knows what " no offense for any one from there "

news for me means nothing . if i can analyze it or plot it on my chart i will use it , other wise fibs, TLs,...
Slovakia...

For the rest I agree 100%. Fun-dementials are manipulated bullshit.
Use me as a contrarian indicator
  • #549,302
  • Oct 11, 2011 5:27pm Oct 11, 2011 5:27pm
It certainly does no harm to understand fundamentals, and to know when and what moves the markets, that is what generates the chart.

Not knowing when not to trade and being unprepared to market moving news is a naive ignorance that I would not want to be proud of.
  • #549,303
  • Oct 11, 2011 5:28pm Oct 11, 2011 5:28pm
Quoting dbfusion
I am a technical analyst just like most the guys here .
I cannot and care not to understand the news .
i didn't care for the downgrade avalanche nor the double dip nor the collapse of all stocks and entered long on that crazy day 4th of October where Armageddon was about to start
and certainly I careless for Slovenia ( which I have no idea of where on the map is it) voting on God knows what " no offense for any one from there "
news for me means nothing . if i can analyze it or plot it on my chart i will use it , other wise fibs, TLs, patterns...
Just like you I am technical too, but you can’t divorce technical and fundamental analysis… they go together as a pair
It doesn’t matter how big is the country.
Each state in EU has their vote.
If only one of them vote NO, the whole legislation project goes to the bin.
Although I do agree that all political blablabla and fundamental news is just a pain in the ‘sas’ for all “technicals”
I hate it… but respect it
-------
Read Charts - Not Papers
  • #549,304
  • Oct 11, 2011 5:59pm Oct 11, 2011 5:59pm
I see a debate starting here .

any how to repeat what started it .

i posted a chart
I have been asked did I put the Slovakia vote in consideration in that chart ( I have no idea if any one can )
I said no and I don't care .

for all the guys who are so much into reading and understanding news. I tell you God bless you and wish you success from all my heart in understanding what the heck is going on behind the scenes .

after quite some time trading stocks and forex and going through all the phases of every trader I reached to this conclusion .

news is Bullshit . Big Bullshit .
its already known to all the players , all the big guys knows what the news is .
a report of 30 pages comes out and in 1 minute you see 100 pip drop .( you cant even finish reading the title !! )

in 21-9 there was fomc statement . I sold 10 minutes before the statement @ 3780 , with final target 3600 . ( thinking 2-4 days trade)

my trading and analysis told me so

statement showed up
price stayed for 10 minutes or 20 ( big guys pretending to be reading )
then boom .
3600 was there in 1 hour

I didn't hear any one here read it and explained it
or traded it based on what he read

only after the move you start hearing the blah blah blah .
not only in this forum . but all over the globe .
in cnbc , bloomberg , all channels all news papers .
you name it .
not a single one will tell price should go there . you only hear it WENT there because of blah blah blah .

so excuse me for not trying to figure out the blah blah blah .

consider me retard if it will make you feel happier
but I am happy with the way i trade , and feel more confident when I close my trading positions at the same time the gurus of the planet start to explain why the price went here with their blah blah blah talk !
I SEE YOU !!
  • #549,305
  • Oct 11, 2011 6:02pm Oct 11, 2011 6:02pm
I think that they both go hand in hand, trading without tecnicals is like leaving in the morning without any cloths and fundamentals is like the board room meeting your going too. fundamentals is your job. I am a fundi and concern myself mostly with that.
  • #549,306
  • Edited 6:29pm Oct 11, 2011 6:18pm | Edited 6:29pm
Quoting dbfusion
I see a debate starting here ...
It's all good. Whatever works, works. no need to justify anything, merely exchange of opinions. subjective or objective - who cares. I am with you in my respect for anyone who knows their business.
  • #549,307
  • Oct 11, 2011 6:31pm Oct 11, 2011 6:31pm
Quoting 2046
It's all good. Whatever works, works. no need to justify anything, merely exchange of opinions. subjective or objective - who cares. I am with you in my respect for anyone that knows their business.
exactly

if any one can trade the news and the fundamentals that's super cool
same goes to technical analysis only , and same for both worlds joined .

I just stated my way of seeing it
I am in no way loathing fundamental analysis , I know for sure that its what drives the market . I wish I can understand it .

but I am loathing the news ! GBPUSD 200 pip in 1 minute last weak then up 400 pips steadily and slowly , that's pure market manipulation !
I SEE YOU !!
  • #549,308
  • Oct 11, 2011 6:49pm Oct 11, 2011 6:49pm
no higher high formed..
Slovakia vote not pass..
I will love to see how Asian react to this..
Patience, Emotion Control and Discipline.
  • #549,309
  • Oct 11, 2011 6:52pm Oct 11, 2011 6:52pm
Well this is the mess im looking at on H4 from the end aug drop.
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  • #549,310
  • Oct 11, 2011 7:24pm Oct 11, 2011 7:24pm
Quoting dbfusion
I see a debate starting here .

any how to repeat what started it .

i posted a chart
I have been asked did I put the Slovakia vote in consideration in that chart ( I have no idea if any one can )
I said no and I don't care .

for all the guys who are so much into reading and understanding news. I tell you God bless you and wish you success from all my heart in understanding what the heck is going on behind the scenes .

after quite some time trading stocks and forex and going through all the phases of every trader I reached to this conclusion...


A rare gem of a post in this useless thread
  • #549,311
  • Oct 11, 2011 7:39pm Oct 11, 2011 7:39pm
Playing the shorter time frames "fundamentally" is ridiculous.

PLaying the news can work, but not by actually playing the news. Playing the pre-news action, buying the rumor, selling the fact (5 minutes before you get the fact) works more often than not. Clicking the buy or sell button when you get the news seems like a high risk, low reward strategy.

But I use the news as a technical indicator. Very simply, if a bit of heavy news comes out and the market ignores it, or even reacts in the opposite direction of what it "should", then my "news indicator" reads oversold or overbought. Typically this is enough to indicate "bear market" or "bull market" for the next 3 days.
Kill the ego, or it will kill the mission.
  • #549,312
  • Oct 11, 2011 7:50pm Oct 11, 2011 7:50pm
another +50
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  • #549,313
  • Oct 11, 2011 8:10pm Oct 11, 2011 8:10pm
Quoting dbfusion
I see a debate starting here .

any how to repeat what started it .

i posted a chart
I have been asked did I put the Slovakia vote in consideration in that chart ( I have no idea if any one can )
I said no and I don't care .

for all the guys who are so much into reading and understanding news. I tell you God bless you and wish you success from all my heart in understanding what the heck is going on behind the scenes .

after quite some time trading stocks and forex and going through all the phases of every trader I reached to this conclusion...
Nice to c u bro
100% agree "All in the chart"
Wake up drink - checking -back to sleep
  • #549,314
  • Oct 11, 2011 8:12pm Oct 11, 2011 8:12pm
Is this thread dead now? Putting my money where my mouth is..waz. Longer term trades here. I'm a hopen...GL!
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  • #549,315
  • Oct 11, 2011 8:12pm Oct 11, 2011 8:12pm
Quoting halkins
Just like you I am technical too, but you can’t divorce technical and fundamental analysis… they go together as a pair
It doesn’t matter how big is the country.
Although I do agree that all political blablabla and fundamental news is just a pain in the ‘sas’ for all “technicals”
I hate it… but respect it
-------
  • #549,316
  • Oct 11, 2011 8:17pm Oct 11, 2011 8:17pm
True. Government top secrets are being leaked... So for this kind of news I would have my eyes on the janitors.

Hint: Watch what the price does BEFORE the news.
Quoting dbfusion
its already known to all the players , all the big guys knows what the news is
  • #549,317
  • Oct 11, 2011 8:27pm Oct 11, 2011 8:27pm
Quoting attila
We'll gonna wonder around 3650 for a while. It's a sticky one.... The decider between 3841 and 3421.
Now I'm curious if 3650 will be played again... I think it will, but this is a pretty sincere drop so far.. It might find some support soon....


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  • #549,318
  • Oct 11, 2011 8:32pm Oct 11, 2011 8:32pm
It looks like head and shoulders on Euro! if it's so then we're going back to 1.33!!!!
  • #549,319
  • Oct 11, 2011 8:43pm Oct 11, 2011 8:43pm
Playing the range, with the trend ( up ) so longs here, and getting more on further weakness.

The trend becomes invalid @3520 ( allowing for it taking a few hours to get there, 3500 currently ) so thats where my SL is.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #549,320
  • Oct 11, 2011 9:17pm Oct 11, 2011 9:17pm
Quoting amir_mehdi
sold 3675 SL 3685 TP 3602
that was +71
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