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    Forums ›› Main ›› Wall St. News ›› How Made Up Is News? Quite a Bit  


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ExchangeBonds
 

Registered: Jan 2012
Posts: 175

 

07-21-12 10:00 PM


Quote from Trend Following:

No. Much easier to follow the price action...far simpler than keeping track of news, real or not. Price action also doesn't require the impossibility of obtaining news first. And of course even if you have the news figured out...that doesn't necessarily translate to anything.



Completely false. I guess you are going to say trading the monthly jobs report has no edge too.

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Trend Following
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Registered: Aug 2004
Posts: 1019

 

07-21-12 10:22 PM


Quote from ExchangeBonds:

Completely false. I guess you are going to say trading the monthly jobs report has no edge too.



Are you proposing that as a trading system? Can it be replicated and written down so others can follow it?

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ExchangeBonds
 

Registered: Jan 2012
Posts: 175

 

07-21-12 10:36 PM

Trading the news is obviously discretionary. Just because it isn't a system doesn't make it inferior. And yes trading the news isn't overly complicated. You just need quick thinking and the ability to make a decision. You want to use price action only, fine. I just didn't know there were people out there who really thought trading the news is a bad idea. Like really? That is when there is the most opportunity.

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Trend Following
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Registered: Aug 2004
Posts: 1019

 

07-22-12 11:36 PM


Quote from ExchangeBonds:

I just didn't know there were people out there who really thought trading the news is a bad idea. Like really? That is when there is the most opportunity.



Explain? You mean for some one random score? Or over an extended time with consistent results?

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Trend Following Trading
Covel Books: Trend Commandments, The Little Book of Trading, The Complete TurtleTrader & Trend Following
Trend Following Documentary Film: Broke: The New American Dream | Covel Podcast Episodes

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Trend Following
ET Sponsor

Registered: Aug 2004
Posts: 1019

 

07-22-12 11:37 PM


Quote from ExchangeBonds:

Completely false. I guess you are going to say trading the monthly jobs report has no edge too.



Do you have a system built around trading the jobs report that others can understand? It can be replicated?

__________________
Trend Following Trading
Covel Books: Trend Commandments, The Little Book of Trading, The Complete TurtleTrader & Trend Following
Trend Following Documentary Film: Broke: The New American Dream | Covel Podcast Episodes

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ExchangeBonds
 

Registered: Jan 2012
Posts: 175

 

07-23-12 12:07 AM

It isn't a random score. I'm not arguing with someone so closed minded that thinks a system/automation is the only way to trade. It is apparent in your responses. Trading the news isn't hard and anyone with a brain can do it. All you need like I said is quick thinking abilities and a computer that won't lock up on you. It's pretty simple, when the number is outside or on one end of the consensus range, the market WILL move on that number. If it wasn't profitable, I don't think people would pay $2,000 for bloomberg and hook it up to their algos. Will you make as much as the big players that automate, no, but their is plenty of room for us to get something too.

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