Fundamental analysis useless right now?

[N Rothschild]

Is any sort of fundamental analysis currently useless until we know if the Bernakenstein is going to do qe3 or not.

I expect dollar strength in 2012 how ever this view would be null and void if he pulls the trigger.

Do all strategies rest on this? (for those of us not privy to whether he is or not prior to the fact)

Discuss

 

[Masquerade]

Course not. If not fundamental analysis what are we going to do? Pin bars?

 

[N Rothschild]

Well you could trade purely based on price..

 

[FUTEX]

Trading is a four dimensional moving puzzle that we are trying to solve. And, to make matters worse, the answer does not stay the same

 

[Kitchen Sink]

How about good old fashioned support and resistance?.......it's the way forward.

 

[N Rothschild]

imo support and resistance doesn't work as a trading strategy except for scalping. with out a fundamental view on a market you dont know whether support will hold and rally from, or break down. or will start a new down trend from resistance or punch through it.

 

[Kitchen Sink]

That's the risk you gotta take pal. Win or lose. Happy or sad. Rich or poor. Hungry or stuffed. Female company or the five knuckle shuffle.

 

[N Rothschild]

so you buy off support and just hope it rallys?

 

[rsh01]

Is any sort of fundamental analysis currently useless until we know if the Bernakenstein is going to do qe3 or not.

i would hazard a guess that QE3 is already priced into the markets, considering the world is bankrupt yet the mkts are doing ok.

 

[Kitchen Sink]

so you buy off support and just hope it rallys?

Sometimes you have to sell off support........it all depends what's happening on the left.

 

[rsh01]

imo support and resistance doesn't work as a trading strategy except for scalping

imo thats a very ignorant statement.

 

[N Rothschild]

oh really? how.

im talking about purely playing support and resistance. as in, oh look markets at support better buy and hope it rallys with no opinion on the market what so ever!

support and resistance works very well in conjunction with a solid fundamental strategy. How ever with the potential coming of qe3 any fundamental view is becoming clouded....hence the thread.

 

[rsh01]

imo support and resistance doesn't work as a trading strategy except for scalping / oh really? how.

Ignorance Meaning and Definition. (n.) A willful neglect or refusal to acquire knowledge which one may acquire and it is his duty to have.

loads of ppl/banks/HFs etc make a sh*t load of money trading off just S&R

support and resistance works very well in conjunction with a solid fundamental strategy

support & resistance is, as far as i know (which is not a lot), an element used in technical analysis, it has nothing to do with 'fundamentals'......unless you want it to, i.e. you trade using TA + fundamentals.

sorry if i am too drunk to understand your point.

happy trading.

 

[N Rothschild]

go away.

 

[rsh01]

go away.

NO.

this is how bored i am.

 

[VielGeld]

NR, have you ever day traded?

 

[rsh01]

NR, have you ever day traded?

imo No, he/she by the sound of it is a petrol station attendant or smthg v similar, this is not a wild guess, purely just inferred from his/hers comments so far on this thread.

 

[N Rothschild]

NR, have you ever day traded?

yes alot

 

[N Rothschild]

imo No, he/she by the sound of it is a petrol station attendant or smthg v similar, this is not a wild guess, purely just inferred from his/hers comments so far on this thread.

and i have inferred from your posts on this thread that you are new to trading and dont know jack!

hedge funds trading s/r in the exact manner i described..

 

[scose-no-doubt]

Wouldn't be surprised, NR. You seen the google hits buy bots they're trading?