Attila the trader
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Should you consider fundamentals when day /swing trading ?
Do fundamentals matter ?
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new_trader
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IMO: Fundamentals are completely irrelevant for day trading...I would even go further and say it is utterly ridiculous to try and use fundamentals if you are only trading short term moves.
Attila the trader
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what about general market conditions like the current situation?
I trade fundamentals for short term moves. Important economic releases, central bank communications, or major news events all provide ample short term volatility to profit. I am not referring to blindly trading these but through economic analysis and monetary policy analysis, its a very profitable strategy.
Attila the trader
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when your holding positions only for a few days fundamentals rarely change , (excluding press , earnings etc..) so why bother with it too much , as it would be incorporated in the price anyway
stocks maybe but not fx where each day new information is being made available either through economic data or central banks
new_trader
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The fundamentals of a country don't change on a day to day basis based on 'NEWS' releases or the rhetoric of Central Bankers.
Total US debt is $ 23,223,813 Million (Over 23 Trillion). Do you honestly think the fundamentals have changed if next week it is $23,243,813 Million?
US GDP: $21,215.7 Billion. Do you think the fundamentals have changed if tomorrow it is $21,315.7 Billion?
Effective Federal Funds Rate is 0.08% (practically zero). Do you think the fundamentals have changed if the FED says they may cut interest rates to 0.05%?
Anybody who trades economic releases or Central Bank statements is not trading Fundamentals, they are trading the 'NEWS'.
Total US debt is $ 23,223,813 Million (Over 23 Trillion). Do you honestly think the fundamentals have changed if next week it is $23,243,813 Million?
US GDP: $21,215.7 Billion. Do you think the fundamentals have changed if tomorrow it is $21,315.7 Billion?
Effective Federal Funds Rate is 0.08% (practically zero). Do you think the fundamentals have changed if the FED says they may cut interest rates to 0.05%?
Anybody who trades economic releases or Central Bank statements is not trading Fundamentals, they are trading the 'NEWS'.
of course fundamentals change. Every day additional information is made available about the progress of an aspect of an economy. Central banks might meet once a month (varied by bank) to decide on policy but leading into that event are policymaker speeches which offers sentiment to upcoming adjustments. Each data point is a pice that contributes to the overall picture. A trend develops as the data materialises and it is evident by the releases shown on this chart (randomly selected), that legs in a trend are initiated from new information.
the fact you are mentioning debt really just shows a naive perception of what is going on because debt isn't really something the market reacts to not unless it is in focus. Gdp is a lagging indicator and merely reflects what happened, it doesn't offer any insight into future trends.
as for the rates, we'll all central banks are cutting and the picture has shifted more towards economic data than monetary policy. Everyone knows rates aren't moving up, nobody expects a change. The focus is not on policy now it is on economic recovery and central banks react to data so everyone is watching the incoming data.
to say that trading economic releases or central bank statements is not trading fundamentals is naive. How do you think trading plans are formed because without understanding what the data means, you are merely guessing and that's gambling not trading.
perhaps you should stick to a subject you know better because by the examples you have given and your reasoning it is clear you don't know what you are talking about.
the fact you are mentioning debt really just shows a naive perception of what is going on because debt isn't really something the market reacts to not unless it is in focus. Gdp is a lagging indicator and merely reflects what happened, it doesn't offer any insight into future trends.
as for the rates, we'll all central banks are cutting and the picture has shifted more towards economic data than monetary policy. Everyone knows rates aren't moving up, nobody expects a change. The focus is not on policy now it is on economic recovery and central banks react to data so everyone is watching the incoming data.
to say that trading economic releases or central bank statements is not trading fundamentals is naive. How do you think trading plans are formed because without understanding what the data means, you are merely guessing and that's gambling not trading.
perhaps you should stick to a subject you know better because by the examples you have given and your reasoning it is clear you don't know what you are talking about.
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new_trader
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Yes, your're right. I have only been doing 'this' for over 25 years.
clearly you have only focus on one aspect of
25 years of doing what you do has made you opinionated, with said opinions being a million miles from reality. its okay, I understand, you believe nothing else works, so anything else receives little attention. This is evident by your examples of fundamentals.
Assumptions are quick exits for lazy minds that like to graze out in the fields without bother
@new_trader
since I can't reply to your thread I shall reply here
just so everyone is on the same page, you are telling people to ignore anyone who trades fundamentals because they don't know what they are talking about. while you are at it @new_trader, would you care to elaborate how this example of a fundamental trader, has made over 600% over 4. 5 years, reflects someone who doesn't know what they are talking about?
www.myfxbook.com
if you prefer greater risk than the 7% drawdown, then I can show you a 1000+% gain example for a 7 year account that has a 31% drawdown.
www.myfxbook.com
it seems as though you are directing your agenda at me, I only say this because a smart person, who feels the need to brag about a winning trade in a manner that describes astutenes, will not be so foolish as to generalise an entire category of trader like you have. So once more, please explain to the same audience how these examples that contradicts your statement, and ironically your attempt at being shrewd. Maybe they are fairy dust, or from the matrix.
since I can't reply to your thread I shall reply here
just so everyone is on the same page, you are telling people to ignore anyone who trades fundamentals because they don't know what they are talking about. while you are at it @new_trader, would you care to elaborate how this example of a fundamental trader, has made over 600% over 4. 5 years, reflects someone who doesn't know what they are talking about?
VOLTA Forex Trading System by Forex Trader FXPIG
www.myfxbook.com
if you prefer greater risk than the 7% drawdown, then I can show you a 1000+% gain example for a 7 year account that has a 31% drawdown.
NobelPortolio Agressive Forex Trading System by Forex Trader FCAcademyTS
Forex Trading analysis and performance of NobelPortolio Agressive by Forex Trader FCAcademyTS
www.myfxbook.com
it seems as though you are directing your agenda at me, I only say this because a smart person, who feels the need to brag about a winning trade in a manner that describes astutenes, will not be so foolish as to generalise an entire category of trader like you have. So once more, please explain to the same audience how these examples that contradicts your statement, and ironically your attempt at being shrewd. Maybe they are fairy dust, or from the matrix.
Attila the trader
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woah 1000% return that porn for a newbie like me !@new_trader
since I can't reply to your thread I shall reply here
just so everyone is on the same page, you are telling people to ignore anyone who trades fundamentals because they don't know what they are talking about. while you are at it @new_trader, would you care to elaborate how this example of a fundamental trader, has made over 600% over 4. 5 years, reflects someone who doesn't know what they are talking about?
VOLTA Forex Trading System by Forex Trader FXPIG
if you prefer greater risk than the 7% drawdown, then I can show you a 1000+% gain example for a 7 year account that has a 31% drawdown.
NobelPortolio Agressive Forex Trading System by Forex Trader FCAcademyTS
Forex Trading analysis and performance of NobelPortolio Agressive by Forex Trader FCAcademyTS
it seems as though you are directing your agenda at me, I only say this because a smart person, who feels the need to brag about a winning trade in a manner that describes astutenes, will not be so foolish as to generalise an entire category of trader like you have. So once more, please explain to the same audience how these examples that contradicts your statement, and ironically your attempt at being shrewd. Maybe they are fairy dust, or from the matrix.
but according to @new_trader, traders using fundamentals don't know what they are talking about. if I were to show my account here he'd shut his mouth but I won't lower myself to his level. I bet his response will be more of the same BS ignoring the obvious. Maybe I shall post a dozen more accounts just to rub salt into his ego.
I have been building indices that track fundamentals, economic data and central bank statements, minutes, speeches. There is no price inputs to these indices its all an algo based on fundamental data. The correlations with movements in price will be like fariy dust to @new_trader and he will likely try taint it as false because he clearly can't comprehend success in this category.
In my professional career in the past, I have worked for hedge funds and investment banks. All of them use fundamentals in addition to using models to interpret risk like vol surface, IR risk, nonlinear vol surface and more. I worked closely with the traders and analysts so know first hand how they all worked and yet, according to @new_trader, even these professional institutional traders don't know what they are talking about. It's also rather hilarious given terminals like bloomberg and eikon exist as they have billion dollar investments in tech and people that focuses on fundamentals which includes news and economic data and related indices. I also worked at Reuters in their markets division for 8 years which includes work on the eikon terminal.
I currently consult for Stoxx who build manage thousands of indices including dax, euro stoxx 50, 100, 600. They have indices dedicated to fundamentals like their ESG indices family offering. Behind these indices is Sustain Analytics data which is 100 percent fundamentals for companies. They also have Reuters database with fundamentals called QA Direct which costs them about 300k a year. its hilarious listening to these home traders who think they know what they are talking about and making bold uninformed claims about a subject they know nothing about.
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Attila the trader
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Well he decided to make an attacking statement which was uncalled for so I am making sure he thinks twice about being foolish again.
I don't show my accounts because I manage money for a small group of investors and it wouldn't be appropriate to do so which is why I provided other examples contradicting his uninformed false claims.
you can go to fxbook or other services that show accounts people can copy that have descriptions of the type of trading they do.
Attila the trader
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That isn't a market I trade so can't help you there unfortunately. Maybe someone else can help you there.
just as I thought @new_trader. I have given you days to respond and you haven't. You have the nerve to mock and make uneducated assumptions on a private thread, knowing I can't respond. You also appear to be avoiding my response in this thread, putting your BS baseless assertions in their place. Has your pride and reputation been hurt as you are unable to argue in the face of consistent success. Stick to your area of expertise and stop spreading Bu115h¡t about a subject you clearly know nothing about.
Unless your name is Google stop acting like you know everything.
Unless your name is Google stop acting like you know everything.
