DELSU MTL COMMUNITY

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@galaxy12 - 4 hours ago
Quoted - deon_003

I have a question for people that trade news

How do you guys do it?

Do you do analysis and wait for news or you just wait for news and then click buy or sell 🙂

I don't know for others but for me.... I trade news in alignment with my technical analysis.

Once the news is in align with my set-up. I trade it .

G
@galaxy12 - 4 hours ago
Quoted - pho3nix_19

This is an example of a false breakout

The trendline is still valid.... but once that kind appeals twice is no more valid.

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@galaxy12 - 4 hours ago

I have a question guys....

How do I gain serious conviction on a particular set-up. 🤔. Must I have to test like up to 50x before i can then gain conviction.

P
@pho3nix_19 - 2 hours ago
Quoted - galaxy12

I don't know for others but for me.... I trade news in alignment with my technical analysis.

Once the news is in align with my set-up. I trade it .

Very important, cos there will be times when your technical analysis and fundamental analysis may be pointing in different directions.

At such times, it's best to just stay away from the market

P
@pho3nix_19 - 2 hours ago
Quoted - galaxy12

The trendline is still valid.... but once that kind appeals twice is no more valid.

It's still valid yeah, but I was just pointing out to him what a false breakout looks like

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@galaxy12 - 2 hours ago
Quoted - pho3nix_19

Very important, cos there will be times when your technical analysis and fundamental analysis may be pointing in different directions.

At such times, it's best to just stay away from the market

Exactly... just like last week market. I got a set-up which is long on btc/usd but I saw a news which is negative on usd so I made a set-up and it finally ditch out.

It was that set-up that I told I later remove my position from btc even when it is a nice set-up

G
@galaxy12 - 2 hours ago
Quoted - pho3nix_19

When u say conviction, what do u mean?

I mean being certain that market will definitely obey your set-up.

Cus even when I do have such set-up I am not always convinced though I have seen it work out but I am still not 100% convinced within me or must I have to try it like 50 times to be convinced on it.

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