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robsky
How life on the western side of the Indian ocean?
About the market being rational it was just a throw away comments in regards to not putting too much emphasis in fundamentals. Certainally never hold a losing position believing the market was wrong.
I don't really trade on news per say. This is what I do based on Elder's triple screen:
1 Decide to be either bullish or bearish based on the long term trend and/or fundamentals. And only trade in this direction.
2 Use technical analysis to find trades in the direction of the long term trend and or fundamentals.
3 Use technical analysis and a market event (e.g. market openings, news, data etc) to pin point entry points.
IMHO the most dynamic price moves occur around a market event. I try to use such events to "float" my trade that I have entered based on technicals and to a lesser extent on fundamentals.
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