I appreciate Steve and Matt's mapping and I have used them to
great effect. Nonetheless I am going to go with the trend and not
the fundamentals of the economy.
Yes - as stated YOUR RESPECT THE TREND - only hedging if needed.
See prevailing trend channel and respect. Remember when
many were bearish weeks ago I gave out a bullish projection - now
monitoring this inflection zone. Just to be
CLEAR
Posted by timebandit on 11th of Aug 2022 at 08:17 am
The problem with the fundamentals of the economy is that we
think we understand them. It’s only later that we will look at what
happened and construct a narrative to make sense of it. In short,
the future is rational only in hindsight.
I agree, I've been converted over the last years that none of
this information matters or is the reason the market does this or
that. Stories are made up everyday for why it went up or down. So
many metrics and it is a waste of time on a net basis for me. I'm
focusing on one thing, price. Because price is all that matters.
Risk/reward of taking a position on an instrument at a certain
price, etc. Buy supports and sell resistances. Saving my energy for
life other than the market. Keeping it simple.
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I appreciate Steve and Matt's
Wednesday Newsletter
Posted by tgo5043 on 11th of Aug 2022 at 07:16 am
I appreciate Steve and Matt's mapping and I have used them to great effect. Nonetheless I am going to go with the trend and not the fundamentals of the economy.
Yes - as stated YOUR
Posted by steve on 11th of Aug 2022 at 08:29 am
Yes - as stated YOUR RESPECT THE TREND - only hedging if needed. See prevailing trend channel and respect. Remember when many were bearish weeks ago I gave out a bullish projection - now monitoring this inflection zone. Just to be CLEAR
CTAs have been moving market
Faded that spike - stop
Posted by steve on 11th of Aug 2022 at 08:34 am
Faded that spike - stop trailing
Taking partial +11 on the
Posted by steve on 11th of Aug 2022 at 08:36 am
Taking partial +11 on the short - stops at entry on balance.
The problem with the fundamentals
Posted by timebandit on 11th of Aug 2022 at 08:17 am
The problem with the fundamentals of the economy is that we think we understand them. It’s only later that we will look at what happened and construct a narrative to make sense of it. In short, the future is rational only in hindsight.
I agree, I've been converted
Posted by fundamentalvalues on 11th of Aug 2022 at 08:44 am
I agree, I've been converted over the last years that none of this information matters or is the reason the market does this or that. Stories are made up everyday for why it went up or down. So many metrics and it is a waste of time on a net basis for me. I'm focusing on one thing, price. Because price is all that matters. Risk/reward of taking a position on an instrument at a certain price, etc. Buy supports and sell resistances. Saving my energy for life other than the market. Keeping it simple.