lundi 30 mars 2015
How to Handle Multiple Technical Outlooks when Trading
Posted on 22:36 by nice news
He also taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about making your best judgment, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money.”
-Bruce Kovner, Interview in Market Wizards by Jack Schwager
Have you wondered what makes a market tradable? In short, you have to have two parties who agree on price but disagree on value. The seller thinks that the price is high relative to where price will be in the near or distant future whereas buyers think they’re getting a steal by being able to buy at the current price. In a tradable market, following the trend is preferred but deciding where to enter is up to you.
Strong vs. Corrective Trends
Rarely is there consensus across the board where a majority of credible participants in the market like banks, traders, and economists agree. This rarity recently developed in EURUSD, where banks continued to lower their forecast for EURUSD by yearend. Many who started their outlook towards parity began re-issuing outlooks towards the 0.8500-0.9000 region as the price continued to fall beyond expectations.
-Bruce Kovner, Interview in Market Wizards by Jack Schwager
Have you wondered what makes a market tradable? In short, you have to have two parties who agree on price but disagree on value. The seller thinks that the price is high relative to where price will be in the near or distant future whereas buyers think they’re getting a steal by being able to buy at the current price. In a tradable market, following the trend is preferred but deciding where to enter is up to you.
Strong vs. Corrective Trends
Rarely is there consensus across the board where a majority of credible participants in the market like banks, traders, and economists agree. This rarity recently developed in EURUSD, where banks continued to lower their forecast for EURUSD by yearend. Many who started their outlook towards parity began re-issuing outlooks towards the 0.8500-0.9000 region as the price continued to fall beyond expectations.
How to Handle Multiple Technical Outlooks when Trading
Inscription à :
Publier les commentaires (Atom)
0 commentaires:
Enregistrer un commentaire