We were using currency (EURO) as an example, not stock. Besides that, negative news in a bullish market or positive news in a bearish market doesn't have to impact the long term outlook, todays spike in EURUSD is a perfect example of that.
ES Journal - 2019/2020
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We were using currency (EURO) as an example, not stock. Besides that, negative news in a bullish market or positive news in a bearish market doesn't have to impact the long term outlook, todays spike in EURUSD is a perfect example of that.
Since this is a thread about (day) trading ES i prefer to leave it here, however i am happy to discuss this subject further in another thread or private.
However i also prefer to get confronted by facts instead of just words without any backup, claiming that TA can predict what you are claiming is fine, but at least back it up with some examples.
I can link the majority of extraordinary/unexpected moves and long term changes in direction to some kind of fundamental factor and there are logical explanations for most other spikes (like algo's failing during a flash crash, fat finger mistakes, ...). I yet have to see an example of a major long term change in the markets based on TA without the move being caused by fundamentals.
I just find it very funy that a major move happens seconds after a news release, tweet, comment, ... and people then claim fundamentals had nothing to do with the move.
However i also prefer to get confronted by facts instead of just words without any backup, claiming that TA can predict what you are claiming is fine, but at least back it up with some examples.
I can link the majority of extraordinary/unexpected moves and long term changes in direction to some kind of fundamental factor and there are logical explanations for most other spikes (like algo's failing during a flash crash, fat finger mistakes, ...). I yet have to see an example of a major long term change in the markets based on TA without the move being caused by fundamentals.
I just find it very funy that a major move happens seconds after a news release, tweet, comment, ... and people then claim fundamentals had nothing to do with the move.
Withou the 1st 2 didgits it's just babble
Hehe, you really hung up on the extra digit thing. I was for a short while, but adapted. I get what they are talking about.
If one has an idea of where the instrument is in 4 digits, then one can glean which instrument they are on about.
I got a lazy mind that dislikes having to work more than necessary... like having to mentaly add digits while reading something
I agree that FA creates the movement. For example, last night China tweeted about calmer trade, and ES went up by 10 points. This then created TA patterns that allowed me to trade.
Is that hard to understand?
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