The best advice is generally always top get with the money flow where you can. As for trying to assign fundie reasons to why price falls or rises, son't bother if you are a tech trader - there is no need - the market doesn't care what we think - just go with it - even if you don't understand why - all we as tech traders need to know is that there are more buyers than sellers or vice versa, and that trends develop and pullback - these are repeating phenomena from which an edge can be found.
Today Gbp seems to be dragged down by Euro weakness -vs- $, it's a risk off situation presently but that could change in an instant. Let PA be your guide, don't worry about why - just go with it.
Speaking of fundies - there really is no point trying to take intraday positions from a fundie/global macro analysis - these can take days/weeks/months top play out even if your general fundie analysis is right and there are manu bearish corrections in an overall bullish fundie environment and conversely there are many bullish rallys in an overall fundie bearish environment so intraday poistions are likely as not to get screwed. Only exception to this is certain plays if they develop re intraday data/news releases which in themselves are/can be a measure of the overall fundie/global macro view.
G/L
Today Gbp seems to be dragged down by Euro weakness -vs- $, it's a risk off situation presently but that could change in an instant. Let PA be your guide, don't worry about why - just go with it.
Speaking of fundies - there really is no point trying to take intraday positions from a fundie/global macro analysis - these can take days/weeks/months top play out even if your general fundie analysis is right and there are manu bearish corrections in an overall bullish fundie environment and conversely there are many bullish rallys in an overall fundie bearish environment so intraday poistions are likely as not to get screwed. Only exception to this is certain plays if they develop re intraday data/news releases which in themselves are/can be a measure of the overall fundie/global macro view.
G/L
ex member