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Re: Is It Safe To Trade Pure Technical Analysis Or Do You Need News Too?
Posted: Tue Jul 03, 2018 1:52 pm
by vvFish
micmac2 wrote: Tue Jul 03, 2018 12:25 am
Hey man i have a quick question If im using the m1 chart should i use the m5 to get the strength/weakness trend of the pair? Or should i use a more intraday time frame like m15, to catch a trend on the m1?
for me personally enough m1.
Re: Is It Safe To Trade Pure Technical Analysis Or Do You Need News Too?
Posted: Sun Aug 19, 2018 11:02 pm
by mlawson71
You always need to be aware of the news, even if it's just to avoid trading during that time.
Re: Is It Safe To Trade Pure Technical Analysis Or Do You Need News Too?
Posted: Sun Aug 19, 2018 11:29 pm
by Ajiboyf
As far as I know the word news is used too freely.
If you refer to the day to day news.
It has no effect on long-term trading or higher timeframe positions.
However forecast based on economic policies of major currencies do have medium or long term impact . these I would not want to classify into the normal news pool since economic policies and regulatory adjustment are done due to economic data which in itself is not news but is obtained after the activities of demand and supply.
All to often the issue of sentiment comes into play.
So as I said what can be considered news may be true news (which should not impact over medium or long term)
Were then do we classify local markets adjustment in form of regulatory policies and ratings since even without formal announcements they still have a long-term or medium term impact.
Also I have been opportune to personally meet traders who do not factor news into trading decisions but make good from every situation.
They simply stick to stricture analysis knowing the market behavior will give them a clear direction.
Re: Is It Safe To Trade Pure Technical Analysis Or Do You Need News Too?
Posted: Mon Aug 20, 2018 2:11 am
by Ajiboyf
Ajiboyf wrote: Sun Aug 19, 2018 11:29 pm
As far as I know the word news is used too freely.
If you refer to the day to day news.
It has no effect on long-term trading or higher timeframe positions.
However forecast based on economic policies of major currencies do have medium or long term impact . these I would not want to classify into the normal news pool since economic policies and regulatory adjustment are done due to economic data which in itself is not news but is obtained after the activities of demand and supply.
All to often the issue of sentiment comes into play.
So as I said what can be considered news may be true news (which should not impact over medium or long term)
Were then do we classify local markets adjustment in form of regulatory policies and ratings since even without formal announcements they still have a long-term or medium term impact.
Also I have been opportune to personally meet traders who do not factor news into trading decisions but make good from every situation.
They simply stick to stricture analysis knowing the market behavior will give them a clear direction.
In my opinion information is most times referred to as news and vice versa, since news is considered any information that originates from a source relevant to that information.
That being the case, what if the 'information' does not originate from a relevant source.
will such still be considered news,therein lies the dissonance of this topic!!
Re: Is It Safe To Trade Pure Technical Analysis Or Do You Need News Too?
Posted: Mon Aug 20, 2018 12:55 pm
by vvFish
usdcad
17/08
The trader should not be afraid of the news,
you just need to be able to trade them
Re: Is It Safe To Trade Pure Technical Analysis Or Do You Need News Too?
Posted: Thu Aug 23, 2018 11:48 pm
by mlawson71
When I say news (in the context of Forex trading) I usually refer to big impact events like the NFP or any FOMC announcements.
Re: Is It Safe To Trade Pure Technical Analysis Or Do You Need News Too?
Posted: Mon Nov 12, 2018 4:52 pm
by cameron34
mlawson71 wrote: Sun Aug 19, 2018 11:02 pm
You always need to be aware of the news, even if it's just to avoid trading during that time.
Absolutely! it is very important to be aware of news, some news might have very high impact on the price movement.
Re: Is It Safe To Trade Pure Technical Analysis Or Do You Need News Too?
Posted: Tue Nov 13, 2018 4:36 pm
by FTS
Both news and charts are important. As it was mentioned before, the information about pending events can save your money. The price movement is the confirmation of market reaction on specified event, so it would be wrong to trade taking into account only one type of information, whether it would be fundamentals or patterns.
Re: Is It Safe To Trade Pure Technical Analysis Or Do You Need News Too?
Posted: Wed Nov 14, 2018 12:43 am
by mlawson71
cameron34 wrote: Mon Nov 12, 2018 4:52 pm
Absolutely! it is very important to be aware of news, some news might have very high impact on the price movement.
True. What I fear even more than scheduled news is black swan events. Scheduled news you can avoid, black swan events come out of the blue and mess your account to the point of wiping it out if you don't have stop loss.
Re: Is It Safe To Trade Pure Technical Analysis Or Do You Need News Too?
Posted: Wed Nov 14, 2018 12:47 am
by FBI
Only NFP days I am out, but it is lame nowadays too. So I really don`t care about news.