Fundamental analysis useless right now?

.

  • Yes

    Votes: 2 25.0%

  • No

    Votes: 6 75.0%
  • Total voters
    8
N Rothschild

N Rothschild

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Is any sort of fundamental analysis currently useless until we know if the Bernakenstein is going to do qe3 or not.

I expect dollar strength in 2012 how ever this view would be null and void if he pulls the trigger.

Do all strategies rest on this? (for those of us not privy to whether he is or not prior to the fact)

Discuss
 
Trading is a four dimensional moving puzzle that we are trying to solve. And, to make matters worse, the answer does not stay the same
 
imo support and resistance doesn't work as a trading strategy except for scalping. with out a fundamental view on a market you dont know whether support will hold and rally from, or break down. or will start a new down trend from resistance or punch through it.
 
That's the risk you gotta take pal. Win or lose. Happy or sad. Rich or poor. Hungry or stuffed. Female company or the five knuckle shuffle.
 
N Rothschild said:
Is any sort of fundamental analysis currently useless until we know if the Bernakenstein is going to do qe3 or not.
Click to expand...

i would hazard a guess that QE3 is already priced into the markets, considering the world is bankrupt yet the mkts are doing ok.
 
oh really? how.

im talking about purely playing support and resistance. as in, oh look markets at support better buy and hope it rallys with no opinion on the market what so ever!

support and resistance works very well in conjunction with a solid fundamental strategy. How ever with the potential coming of qe3 any fundamental view is becoming clouded....hence the thread.
 
N Rothschild said:
imo support and resistance doesn't work as a trading strategy except for scalping / oh really? how.
Click to expand...

Ignorance Meaning and Definition. (n.) A willful neglect or refusal to acquire knowledge which one may acquire and it is his duty to have.

loads of ppl/banks/HFs etc make a sh*t load of money trading off just S&R

N Rothschild said:
support and resistance works very well in conjunction with a solid fundamental strategy
Click to expand...
support & resistance is, as far as i know (which is not a lot), an element used in technical analysis, it has nothing to do with 'fundamentals'......unless you want it to, i.e. you trade using TA + fundamentals.

sorry if i am too drunk to understand your point.

happy trading.
 
VielGeld said:
NR, have you ever day traded?
Click to expand...

imo No, he/she by the sound of it is a petrol station attendant or smthg v similar, this is not a wild guess, purely just inferred from his/hers comments so far on this thread.
 
rsh01 said:
imo No, he/she by the sound of it is a petrol station attendant or smthg v similar, this is not a wild guess, purely just inferred from his/hers comments so far on this thread.
Click to expand...

and i have inferred from your posts on this thread that you are new to trading and dont know jack!

hedge funds trading s/r in the exact manner i described..:LOL::LOL::LOL::LOL:
 
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