Best to trade technical's, best to trade fundamentals, best to trade technical's, etc.
Consider Paul Tudor Jones quote below.
.."Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic. There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market."...
In short, markets start with macro but in the end they are more like a ponzi.
Which is best to trade fundamentals or technical's?
The answer is both and with different weights at different stages of the market, in the early part of the market fundamentals will have more weight, but as the market matures fundamentals must be balanced with the technical's. Because a market involves humans, and fear are greed are at work, more so when prices are extreme.
To demonstrate the above listen to this very good fundamental chat on Ethereum.
At the 41.40 min mark Raoul Pal answers the question as to a possible price forecast of Ethereum, he says:
.."nobody can think is exponential terms, humans are incapable of this"...
So there you have it after 40 minutes fundamental chat, price is determined by humans in a free market environment of greed (demand) and fear (supply). Technical's are used to measure lows and extremes of greed and fear, just like the price channels below:
But in the end even Ponzi met reality.
..."The minute you get away from the fundamentals – whether it’s proper technique, work ethic, or mental preparation – the bottom can fall out of your game"...
Basketball Legend Michael Jordan
The only thing in mania markets is a minute can be weeks, months or years.
NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote...
..."The game taught me the game. And it didn’t spare the rod while teaching."...
Jesse Livermore
.."man exists for the achievement of his desires"..
Ayn Rand
.."Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic... There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market."...
Paul Tudor Jones
Unless you can watch your stock holding decline by 50 per cent without becoming panic stricken, you should not be in the stock market.
Warren Buffett
.."A radical is one who speaks the truth."..
Charles August Lindbergh Snr