Got completely Stumped .
What the guru Alexander quotes about such irrational days of trading :
There will be days when Market defies all the technical s. The moves can be irrational and will non stop hit your SL or will make you post losses. You will tend to lose faith in technical analysis.
These are the times when most of lose hearten traders bid adieu to markets.
But when it happens ?
Whenever it happens : The reason being technical's ain't bluffing .It's some major fundamental change going beyond trader's sight .
Market moves on FUNDAMENTALS.
TRADING or technical analysis is just a way to track market movement.
Its the ECONOMICS that runs prices , NOT the trading indicator's or charts.
What is going on is seen by technical's but WHY it is going on , a finance guy or a fundamental analyst would always have a edge over it.
These days are rare but they do appear at times.
Something is cooking presently , I have no clue about it. Might be it has something to do with RBI infusion of liquidity into markets but my knowledge in this circuit is 00.
All we need to do is wait and let the market settle . I have no idea how much time that can take. May be a day , a week or even months.
Alexander recommends going on vacation at these junctures and resume with all your strength when technical's are back into action.
I am taken by a hit and I am staying out.
Will resume when Market digests all its fundamental changes.
See you all soon.
SS
What the guru Alexander quotes about such irrational days of trading :
There will be days when Market defies all the technical s. The moves can be irrational and will non stop hit your SL or will make you post losses. You will tend to lose faith in technical analysis.
These are the times when most of lose hearten traders bid adieu to markets.
But when it happens ?
Whenever it happens : The reason being technical's ain't bluffing .It's some major fundamental change going beyond trader's sight .
Market moves on FUNDAMENTALS.
TRADING or technical analysis is just a way to track market movement.
Its the ECONOMICS that runs prices , NOT the trading indicator's or charts.
What is going on is seen by technical's but WHY it is going on , a finance guy or a fundamental analyst would always have a edge over it.
These days are rare but they do appear at times.
Something is cooking presently , I have no clue about it. Might be it has something to do with RBI infusion of liquidity into markets but my knowledge in this circuit is 00.
All we need to do is wait and let the market settle . I have no idea how much time that can take. May be a day , a week or even months.
Alexander recommends going on vacation at these junctures and resume with all your strength when technical's are back into action.
I am taken by a hit and I am staying out.
Will resume when Market digests all its fundamental changes.
See you all soon.
SS
WELL SAID.
ReplyDeleteTHNAK U FOR POSTING THIS SS