Recently I've published a post desagreeing with Iris and what he said about the Fundamentals -
Quote:
|
Originally Posted by Iris "...expectations do not set Long Term Price levels...Fundamentals do..." |
Since his thread is not a discussion one, I've decided not to answer to Noor there (although I was always very interested to find out how can somebody learn just following signals and not knowing how they were produced).
But since it is an interesting subject (fudamentals) I've decided to paste my previous post from Iris's thread here, with a little follow up example.
Quote:
|
Originally Posted by idejan Hi Iris,
Although I admire your work very much, I could not agree on this with you.
Actually what you read (fundamentals) today, usualy is a report for a period of at least one month before. What happened that month is a consequence of something that occured 3-6 months before (if not more)...
Expectations (desires, hopes, dreams beliefs etc. - the social mood) produces behavior which produces results (measured with - fundamentals).
How can possibly someone explain why on stellar good reports dollar did not react (or did negatively) and opposite on that we've seen huge moves on weak and bad data? (and not only $US)
You've all probably heard before a one word explanation - HERD, CROWD. MASSES...
What I agree with you is that we are on a juncture (which I believe is to be a bit higher @ 1.2450/95) to go south to 1.2297/63 (my time projection was 5-9 but few days more would be acceptable for me) .
*(thanks to Iris I've started learning more about time)
Best to all and don't give any PIPs back,
ID |
As I mentioned in the post I admire Iris work and his knowledge of market geometry. Although my analysis included time (using fibbonaci), it was reading his thread that got me interested in some other price/time research.
If however we were in a bar, and you'd ask me which one of the two girls sitting at the other side of the bar I'd prefer, the blond or the brunette, (I'd most probably said both, but) I'd said I prefer blond. On the other hand if I was to give you a rational answer, I'd probably said that I'd consider face, body, lenght of their legs... and other attributes
(or, their "fundamentals"). However both you and me, we all know that it is the amount of beer we've drunk that's the most important. (or mood)
Ooops, I did not mentioned some fundamentals like intelligence... it's defenetely the beer.
ID
*but then again it's only me being impresed with social phenomenas...
and only if people were rational beings...
PS. I'm posting from the computer that is reserved for my trading platform and I hope that my other computers will be ready soon and I will be able to post some new update on my market direction view.