I trade a combination of tech and fundamental. Sometimes it's difficult for me to know if someone
like yourself (who clearly knows what he is doing technically) is considering fundamentals at all,
or to what degree.
This week, for example, there were a lot of technical analysts applauding themselves for the GBP move.
But without Mr. Carney, I'm not sure how much applause there would have been. :)
LeoYao
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@SetagayaGirl, You are exactly correct. So here is my proposal and suggestion only based on my years' experience: Trade at least daily chart or weekly chart. This will filter a lot of surprising things/noises happening, like Mr Carney. When we do long term one (weekly and monthly especially when i trade HK and US stock), definitely we have taken fundamental factors into consideration, but those are big pictures not one or two speech given by any key person. Normally i do not do trading within a day only. And another thing i believe is all surprising things/noise will be reflected inside the market's chart, it is just a acceleration to make it happen faster~ In the end, it will still come back to normal. Hope this can help you.
SetagayaGirl
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@LeoYao, I completely agree on time frames. I'm usually NOT leveraged (or very slightly leveraged when I'm very confident). So I take a longer view.
I'm successful. But I'm always looking for others who seem to be as well. I like your approach from what I have seen, and I will continue to follow. I have ~20 years in this game. I am a survivor.
I do some scalping (also successful), but the positions are not serious in size. Serious positions are at least daily, but more often weekly or monthly. I'm not trying to make a fortune, only to get a decent return on capital. I think this is why I survive. :)
LeoYao
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@SetagayaGirl, Fantastic! You are doing a excellent job. I am not good at scalping/short term ones so I only can give up those short term profits. :( Cheers
I'f you had taken a long around last week's close (0.9555), would you sit on it, or give it up immediately being fairly sure of another 150 pips down?
LeoYao
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@SetagayaGirl, actually my trade did not trigger for this pair as the price did not achieve my green zone...:(
SetagayaGirl
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@LeoYao, Yes, thanks. Like you, I was hopeful it would. My Q was old by then, however. Still waiting, then?
I think the dollar is not safe yet, but it may not be until tax reform proves as difficult as other Trump policies
to implement that this is realized.
LeoYao
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@SetagayaGirl, -yes, you are correct. The US government is still not interfere with the weak dollar because of the debt they are having today. Once that problem is solved, dollar will be strong again. Short term dollar will be fluctuate within 90 to 95 zone(DXY)
like yourself (who clearly knows what he is doing technically) is considering fundamentals at all,
or to what degree.
This week, for example, there were a lot of technical analysts applauding themselves for the GBP move.
But without Mr. Carney, I'm not sure how much applause there would have been. :)