Are Day Traders 100% Technical?

[Soultrader]

A day trader finds opportunities in a trending market or a rangebound market. You can buy the dips in an uptrend and short the rallies in a downtrend. You can fade the upper and lower extremes in a range or play the breakouts of key S&R levels.

Day traders are also aware of key economic numbers that are released everyday. I like to watch how the markets react to the news. I also like to watch the overnight session and the market reaction to any significant overseas news.

My question is are day traders 100% technical? From my own experience, I am 100% technical. I have never paid any attention to fundamental news, and economic numbers do not really bother me. All I do is watch the market reaction to the news.

As a day trader, there are only a few options available each day. Buy pullbacks, short rallies, fade ranges, play breakouts, or stay flat.

What are your thoughts on this?

[Kiwi]

100% technical. Read momentum, structure, and behaviour at critical points.

The only value of news is not to enter immediately before it - wait for either a reaction to trader or wait until the news induced noise leaves the market so you can get back to doing your normal thing.

[MrPaul]

	Quote:
	Read momentum, structure, and behaviour at critical points. As a day trader, there are only a few options available each day. Buy pullbacks, short rallies, fade ranges, play breakouts, or stay flat.

100% agree

[TinGull]

yup, same here

[torero]

99% technical and 1% not-so-mental!!! LOL

[scalptrader]

100% Technical, 100% Automated - the only way to make real money!