Hope you chartists have fun with your squiggly line voodoo. I just laugh when I see people use charts. Might as well be reading tea leaves.
I'll just stick to the fundamentals thanks
Hope you chartists have fun with your squiggly line voodoo. I just laugh when I see people use charts. Might as well be reading tea leaves.
I'll just stick to the fundamentals thanks
So you knew the DAX was going to drop 250 points yesterday..
I just laugh when I see people use charts. Might as well be reading tea leaves.
I'll just stick to the fundamentals thanks
Hope you chartists have fun with your squiggly line voodoo. I just laugh when I see people use charts. Might as well be reading tea leaves.
I'll just stick to the fundamentals thanks
I also had a laugh at first, when I noticed that almost everyone(about 95% ) are using fundamental analysis. I thought-if everyone uses it, it just simply doesn't work.
Then I realized, that these 95% of traders/investors, who are loosing money in markets, are the same people who use fundamental analysis. I stoped laughing since then and I feel just sorry for them all.
Years, decades and centuries are passing by, but everyone is still sticked to the strategy that generates only losses.
I know many people who changed their view and started to look at charts instead, but do not know anyone, who threw charting in the bin and started with fundamentals instead.
The chartist community is growing everyday, and they make money, instead of gambling by looking at balance sheets .
My post earlier was serious, someone out there that knows fundamental analysis, let rip, I would genuinely love to know how you guys go about it. I wouldn't even know where to begin to trade fundamentally, mainly because my time frame is in minutes and I don't see how that's possible, but there are technical guys here who share a few things on how they go about it so let's have it fundamental guys, someone start a thread or something and do some trades, would be great
Although it can, why must FA have to work in time frames of seconds or minutes to be valid?
As for posted trades, in 1962 I purchased this stock called Berkshire Hathaway...and I never drew a chart. Still haven't.
Although it can, why must FA have to work in time frames of seconds or minutes to be valid?
As for posted trades, in 1962 I purchased this stock called Berkshire Hathaway...and I never drew a chart. Still haven't.
It doesn't have to work in short time frames to be "valid", I'm just curious and never seen anyone trade that way, I'm just curious because that's the time frames I trade in, so was wondering if it was possible. Not really after if anyone does it in seconds and minutes anyway, I don't see how that's possible, but maybe days to a week or two time frames.
Well that's good for you then
The biggest and most liquid market in the world by far is currency. The below is an indication of the simplest strategies related to currency trading. Not a single chart is required. The rightmost chart is erroneous. Focus on the left chart. The three lines are 'factor' returns to the three most common currency considerations. These have been the same factors in place for over two decades. No charts are drawn. This is a form of fundamental currency trading. Risk management is a massive consideration on top of this, although you can see it has done fine anyway. Source is BIS (q4 2013) so it's not me printing something out. I have my own data. The world's largest currency traders are not chartists. We know each other. The retail market now makes up around 3% of trade and are largely chartists from anything I have seen from FX discussion groups to chat sites focussed on the matter. Fundamentals never come up at all unless Chris West needs to fill in time (he's a good guy...) and get a trade out of his audience. If I raise a fundamentally oriented question the usual repose is "what the heck are you talking about?" These institutions take money out of the rest of the market in aggregate, including retail.
View attachment 59899
The time frame for trading above is monthly. In reality , it would rebalance with market moves unless implemented for an ETF which has to be very strict and simple.
Shorter horizon at the second to second level (or faster) would be arbitrage related. These would be implemented by algo because it is too fast for a human reaction. There are a great number of sub-classifications for strategies employed in this area.
There are other guys here who trade on an intra day basis who know a lot of fundamentals too and are clearly very successful. They are amongst the hard-core professionals on the site. I won't speak for them.
Do you know why the largest currency traders don't use chart?
It is because they are the market. They are the liquid providers ie. Major institutional banks that move funds on behalf of corporations between currencies. I have only come across a "guru" who trades based on FA, Jarratt Davis. He claims to be the second most successful trader in the world. Yet he still flip a chart to look at levels and trade unleveraged. It took me a while to understand how to do it based on FA but then I realised he is unleveraged. Currencies unlike stocks do not go into admin. If you wait long enough it can come back and you would only lose the holding interest whether positive or negative depending on interest rate differentials.
This is an awesome chart....tells an amazing story that no-one ever expected...
...does anyone know what this is?
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