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Re: Trading Balance: The Best of Both Worlds
My view is simple - if you are a technical trader, there's no need for the fundie's to mess with your mind. Reason being that there were good long opportunities on Tuesday that produced profit. I think people forget that you can in fact make money in a downtrend going long and vice versa - mainly due to what I call the 'micro-trends' of the day. Rarely is it a straight shot up or down.
So I am going to disagree future as a futures daytrader myself. I really don't care why the markets are moving, just as long as they are. I understand your idea as I used to sell those ideas and theories but in practical daytrading, I don't see how useful fundie's are. In other words, if I am going for 2-4 pts on the ES per trade, I don't believe the overall fundie is going to get me there before a possible stop out.
Now, swing trading and buy/hold is a different story.
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