I'm looking for a way to incorporate f/a in my methodology, but lacking experience (with f/a), I'm having a hard time deciding how exactly I should do this.
Some of my questions:
-Is it possible to use (in a profitable way) fundamental analysis when one is looking for trades/entries on a timeframe that yields 5-7 trades per week?
Within the context of the first question:
-Is the assumption that mid term (e.g. geopolitics?, oil prices?, interest rates?) drivers have a lesser influence in these daily price movements than certain short term drivers correct? Or do these elements still play a (significant?) role in the intraday-intraweek price movements?
-What are these short term drivers? (news releases of the day? news releases of tomorrow? this week? something else?)
Or, is fundamental analysis extraneous in those time frames (i.e. 60 minute bars, or smaller)?
-If so, at what timeframe does fundamental analysis become a critical element? When is it redundant?
Or perhaps the only price movement that happens in such timeframes that is related to f/a is after news releases (and the, in my opinion, unpredictable discrepancy between actual numbers and forecasted numbers)?
What I'm looking for is some pointers to develop a practical way to approach fundamental analysis (what to keep an eye on and what not, ....) in these shorter timeframes (without referring to trading on news releases), if this is even possible?
Appreciate any tips on this.
Some of my questions:
-Is it possible to use (in a profitable way) fundamental analysis when one is looking for trades/entries on a timeframe that yields 5-7 trades per week?
Within the context of the first question:
-Is the assumption that mid term (e.g. geopolitics?, oil prices?, interest rates?) drivers have a lesser influence in these daily price movements than certain short term drivers correct? Or do these elements still play a (significant?) role in the intraday-intraweek price movements?
-What are these short term drivers? (news releases of the day? news releases of tomorrow? this week? something else?)
Or, is fundamental analysis extraneous in those time frames (i.e. 60 minute bars, or smaller)?
-If so, at what timeframe does fundamental analysis become a critical element? When is it redundant?
Or perhaps the only price movement that happens in such timeframes that is related to f/a is after news releases (and the, in my opinion, unpredictable discrepancy between actual numbers and forecasted numbers)?
What I'm looking for is some pointers to develop a practical way to approach fundamental analysis (what to keep an eye on and what not, ....) in these shorter timeframes (without referring to trading on news releases), if this is even possible?
Appreciate any tips on this.