Hook N. Sinker
Registered: Apr 2005
Posts: 1592 |
10-09-12 09:46 AM
Quote from evenkeel:
when he said in Market Wizards that " The best trades are the ones in which you have all three things going for you: fundamentals, technicals, and market tone....if you restrict your activity to only those types of trades, you have to make money, in any market, under any circumstance.
I am trying to develop an integrated method on a swing/position time horizon. Would appreciate all your opinions on what Marcus said.
I notice the same things but I don't use them for actual trading. This is for long term trading (holding positions for months and years).
Fundamentals = I imagine a reason for price values to change.
Technicals = I look at the price graph and observe that price values are changing in the expected direction.
Market Tone = How do traders respond to news? If bad news appears do price values rally? If good news is announced do price values decrease?
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