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Re: Is It Safe To Trade Pure Technical Analysis Or Do You Need News Too?
Posted: Wed Nov 14, 2018 4:34 pm
by FTS
It is important to distinguish "expected" news, like publication of economic data; and unexpected event that causes large movement and can even turn into new trand movement. The second type of news can give interesting trading possibilities, in case of due analysis performed. The news can increasse volatily, which is necessary fo the traders.
Re: Is It Safe To Trade Pure Technical Analysis Or Do You Need News Too?
Posted: Sun Nov 18, 2018 4:14 am
by bilbao
you need just trend and money managment
all of news reaction occur in direction of trend
Re: Is It Safe To Trade Pure Technical Analysis Or Do You Need News Too?
Posted: Sun Nov 18, 2018 4:59 pm
by vvFish
bilbao wrote: Sun Nov 18, 2018 4:14 am
you need just
trend and
money managment
all of news reaction occur in direction of trend
:o :o :o
Re: Is It Safe To Trade Pure Technical Analysis Or Do You Need News Too?
Posted: Sun Nov 18, 2018 7:07 pm
by bilbao
vvFish wrote: Sun Nov 18, 2018 4:59 pm
:o :o :o
sir: forget lower time frame
we speak about major trend & money management also
Re: Is It Safe To Trade Pure Technical Analysis Or Do You Need News Too?
Posted: Sun Nov 18, 2018 8:35 pm
by bilbao
vvFish wrote: Sun Nov 18, 2018 4:59 pm
:o :o :o
major////minor trend
Re: Is It Safe To Trade Pure Technical Analysis Or Do You Need News Too?
Posted: Sun Nov 18, 2018 8:40 pm
by bilbao
will share many picture about it on #price action topic
regard
Re: Is It Safe To Trade Pure Technical Analysis Or Do You Need News Too?
Posted: Mon Nov 19, 2018 1:16 am
by vvFish
bilbao wrote: Sun Nov 18, 2018 7:07 pm
sir: forget lower time frame
we speak about major trend & money management also
:?: :?: :?:
The trend starts with m1 (in mt4) ...
Re: Is It Safe To Trade Pure Technical Analysis Or Do You Need News Too?
Posted: Mon Nov 19, 2018 2:53 am
by bilbao
vvFish wrote: Mon Nov 19, 2018 1:16 am
:?: :?: :?:
The trend starts with m1 (in mt4) ...
Re: Is It Safe To Trade Pure Technical Analysis Or Do You Need News Too?
Posted: Thu Sep 12, 2019 5:12 pm
by Chopper
I used to trade the news, and then a market which was positively affected by the news (better figures), caused the price to plummet. Why did it plumet if it was good news for that currency pair? Because the market does what i wants, and the big fish will always manipulate it in their favour, regardless what the news is. You watch the price whipsaw up, then down, then up, spreads get big... no thanks.
So I don't pay attention to it anymore. Like others have said, I have a general awareness of what's happening, I avoid trading and/or exit larger positions during big announcements. Mostly unaffected in the Daily time frame i trade.
Re: Is It Safe To Trade Pure Technical Analysis Or Do You Need News Too?
Posted: Thu Sep 12, 2019 5:15 pm
by ChuChu Rocket
Chopper wrote: Thu Sep 12, 2019 5:12 pm
I used to trade the news, and then a market which was positively affected by the news (better figures), caused the price to plummet. Why did it plumet if it was good news for that currency pair? Because the market does what i wants, and the big fish will always manipulate it in their favour, regardless what the news is. You watch the price whipsaw up, then down, then up, spreads get big... no thanks.
So I don't pay attention to it anymore. Like others have said, I have a general awareness of what's happening, I avoid trading and/or exit larger positions during big announcements. Mostly unaffected in the Daily time frame i trade.
Smart. Would you consider yourself a pure technical trader now? And during impacting news like NFP, if you're in a position will you remove your stop losses to accomodate those whipsaws? Or will you let them be hit?