Disliked{quote} Hi Max Reading on fundamentals is great because it gives you overall feel for the markets.This is the reason why I am bearish on GU and EU not what 1H candles are saying.I guess if you are a scalper does not matter unless you get caught in news release without your knowledge .To me knowing what's going on is important and should be automatic in trading no matter TF. RegardsIgnored
Yes of course you got more pleasure when you understand what's really going on etc… I do really love theories and theoreticians in every fields so that's great, but I really took the decision after some reflexion that I'll not try to put my head in macro economy, inflation rate, interest rates etc… I'm and I want to be a basic trader, there's is enough work for it, so I don't want to complicate. Just trying to be in profit every day is hard enough.
Basic trader but not a full dumb trader. I won't have a position in a currency if there is a speculation that there will be a modification in the interest rate for example. And I'll also not hesitate to take a small position tomorrow if I got a clear signal from my chart, event if it's 5 minutes before the FOMC release. If I'm wrong, it'll not kill me, and if I'm wrong (it happened more than one time when I traded FOMC) be sure that I'll look back to my charts for any indicia that the market gave me and I ignored. That's how I learn.
But, yes I agree you are right and I'm wrong. But I acknowledge that I'm wrong, so not totally wrong
Don't be smart. Be rich.