MoneyTec Traders Community Forum - View Single Post - August 8th

tommygunn · 08-08-2005, 12:14

Agree with 4xfool. I gave up trying to understand why the market reacts the way it does. One really can not pick which way the market will go when an economic data is released or if some type of news event hits the wires. You get that false move up or down and then the market goes whatever way it wants to go. Why fight it? You hear this all the time, "The trend is your friend." Go with the flow. Let the market tell you where it wants to go, not you or some analyst at Goldman Sach, Citibank or JP Morgan. There will always be two sides of the story. One person will interpret the data this way and the other that way. Who is right? Who cares as long as I am the right side of the trade.

08-08-2005, 12:14	#9
tommygunn level 1 Join Date: Jul 2005 Posts: 21 Downloads: 1 Uploads: 0 Rep Power: 0	Re: August 8th - GPB/USD Rally Agree with 4xfool. I gave up trying to understand why the market reacts the way it does. One really can not pick which way the market will go when an economic data is released or if some type of news event hits the wires. You get that false move up or down and then the market goes whatever way it wants to go. Why fight it? You hear this all the time, "The trend is your friend." Go with the flow. Let the market tell you where it wants to go, not you or some analyst at Goldman Sach, Citibank or JP Morgan. There will always be two sides of the story. One person will interpret the data this way and the other that way. Who is right? Who cares as long as I am the right side of the trade.