Technical Analysis v Fundamentals, OR ratio

This is a discussion on Technical Analysis v Fundamentals, OR ratio within the General Trading Chat forums, part of the Reception category; Originally Posted by FXX By looking at the same things they are looking at using various tools. Charts won't give ...

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Old Nov 14, 2017, 6:39pm   #9
 
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Originally Posted by FXX View Post
By looking at the same things they are looking at using various tools. Charts won't give you this information.
what tools can place me on same level as a trained statistician or economist ?
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Old Nov 14, 2017, 6:43pm   #10
 
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and, no, i'm not going to read babypips primer again
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Old Nov 14, 2017, 6:43pm   #11
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I have noticed an active push (more like run) away from fundamentals also (mainly retail traders?). I don't know why. Effort could be a significant reason, and the fluidity of fundamentals. Another thing to highlight is the overwhelmingly TA nature of the "educational resources" that new traders come into contact with as soon as they step foot in the world of trading. At least from the retail side of things anyway. Put the algo scammers aside for minute. In my experience, I had to explicitly go looking for information on fundamentals, whereas when just learning the general jist of trading, it was 98+% TA based.

I think if you are going to disregard something, at least know it well enough to disregard it.
It's easier to sell and teach and for people it's easier to understand. It also requires less time to work with whereas a fundamental trader would need to do research daily consuming several hours.
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Old Nov 14, 2017, 6:44pm   #12
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how as a retailer can i know how the banks will react with all their ivy leauge traders & economists and their resources?

i can't, so i don't try. i do best i can with the chart

balls out on the chart
Of course the Institutional Trader has advantages over the Retail Traders, but don't let that fool you into thinking that we don't have advantages over them

Also, Knowing that a country is raising their interest rates lets you know that there could be money to be made by going long. Doesn't mean you will definitely be right, but it tips the scales if even just a little as opposed to going in totally blind. Knowing that the Kiwi's have been having some in house political issues with forming a government likely informs the sellers to jump in. If a country has put combatting inflation as a key part of their mandate and then inflation reports show a worsening or even just no change, then sellers would likely be on that like a fly to sh!t. This is just my opinion of course but being aware of the most important of the fundamentals is the smart thing.
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Old Nov 14, 2017, 6:49pm   #13
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what tools can place me on same level as a trained statistician or economist ?
Ransquawk provides you with news and research by analysts. They sit In front of bloomberg terminals and have analysts digesting data and squawking it and printing it through a searchable text feed. Doing homework, you can use eikon to access the same info they see just need to know what to pick out but that comes with experience.
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Old Nov 14, 2017, 6:55pm   #14
 
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real times news doesn't do ME as a retailer any advantage, i don't know how to turn it into a trade. news just gets me into trouble. i stay away from it.
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Old Nov 14, 2017, 7:04pm   #15
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real times news doesn't do ME as a retailer any advantage, i don't know how to turn it into a trade. news just gets me into trouble. i stay away from it.
That's because it needs to be in context. To make money using it you need to know the policy path of the central banks, what they are watching, and how the economies are doing. Today for example German Gdp beat expectations providing a strong eu buying sentiment. If you put that against the pound then you have a strong sentiment against a weak sentiment and would have a fundamental reason to open a long EURGBP trade. You then apply whatever technical approach you find works or if sentiment is strong just enter at market
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Old Nov 14, 2017, 7:30pm   #16
 
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That's because it needs to be in context. To make money using it you need to know the policy path of the central banks, what they are watching, and how the economies are doing.
isn't this what i am saying, i don't know how to do that.

you know what i will never learn how to do it, because ONE i don't give a sh^t,(if i did i'd become an economist, life is too short) and 2 i'm 2 dumb, i failed algebra

i look at charts, thats all i do
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