Posts by "daveo"

Catnip, if you can bite your tongue about rubbishing technical chartists every day you should continue to post your fundamentals thoughts. There is room for both of us, techs and fundies. But imo there is not room for silly insults to traders some of whom make their living by whatever means they select.

Posting trade positions and trade management should ideally be backed up with the reasoning why. Otherwise its better not to declare open positions for fear of being seen on a false ego trip. The forum should be an educational experience for all particpants but its all too easy for trading forums to degenerate to competing egos calling the shots retrospectively.

Me, I'm just a chart techie but simple mind thinks if sovereign big player collusion to buy eurobonds the word would have krept out into high places so no surprise the rally started well before D-Day.

Ignore, yea don't talk to me about Dow etc. Someone is holding the blighters up this past month :-)

On EU I tightened my stop to few ticks below the channel support as I had to leave the office and didnt want to give back much on remainder of position, so flat now and not felt like a re-entry.

Tell me please, where is the top of your channel resist as of today, approx ?

Yes, "the herd" represent something over 92% of all traders, some say more than 98% who lose money on a consistent basis. We have to be expert enough to fall into the top 2% category.

Its my belief that banks rule the world, always have done and always will do. They have more power than politicians.

Trying to nail the exact timing with fundamentals is far more difficult (and unlikely) than using chart technicals and above all, price action. To play fundamentals only you need to be able to withstand very large drawdowns for extended periods of time and then --- what if the fundamentals suddenly change ? and price never returns to your entry levels which were derived from your opinions a few days/weeks/months ago ?

Trading the swings on whatever timeframe chart you prefer can be done with relatively much tighter stops which = small losses when losses occur. Its very easy to spot the trend changes on whatever timeframe is selected using technicals and price action. It's a lot more difficult trading fundamentals on the larger timeframes without serious exposure to large losses every time your "opininion" proved wrong or ill timed.

I don't accept that hedging resolves the potential problem as the whole idea of trading is to make as much money as possible in as little time as possible. With hedging positions you could and probably would spend many months getting nowhere.

I see technical analysis and price action being the greater value to traders. If good fundamental analysis can be achieved it will have the potential to compliment directional bias at times when direction is questionable.

Lots of times on this forum we see traders fading price action based upon their fundamental opinion at that point in time. If we analysed these results of fading the trends my guess is they would not inspire. News trading can be profitable for very short timeframe trading where the fundamental effect most often climaxes within an hour or two. Occasionally a rate change or strong/weak NFP etc can carry through but we still need price action and chart technicals for our protection and self preservation.