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Which to trade? Fundamentals or Technicals

Courtesy of Read the Ticker

which-to-trade--fundamentals-or-technicalsBest 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:







Click for popup. Clear your browser cache if image is not showing.

ETH








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.











 




Divider







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…



..”Mathematical science, which is the only real science that the entire civilized world has agreed upon, furnishes unmistakable proof of history repeating itself and shows that the cycle theory, or harmonic analysis, is the only thing that we can rely upon to ascertain the future.”..



William D Gann





..”If past history was all there was to the game, the richest people would be librarians”..



Warren Buffett





..”Money couldn’t buy friends, but you got a better class of enemy”..



Spike Milligan





Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks.



Bruce Kovner





..“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”..



Bernard Baruch








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