18 replies to this topic

[da_cheif]

do the analysis on the monthly chart of the JAGI

Janus Hotels and Resorts? No longer trading?

Fib

lol

u mean to tell me you dont keep tract of the Johanesburg All Gold Index...JAGI????....how can u possibly not have that index in ur arsenal of TA tools........ ,,,im gonna put on alotta weight eatin all them burgers......snort

http://www.gold-eagl...uth_africa.html

Edited by da_cheif, 11 September 2007 - 02:37 PM.

[fib_1618]

u mean to tell me you dont keep tract of the Johanesburg All Gold Index

Nope...and you only get them burgers with a doctors note, otherwise, it's salad for you!

Fib

[relax]

have a question for da cheif ....great to see you back but how do see www playing out this time last time www was up and opex was big down will we repeat this or did we already have www on monday cheers

[pdx5]

Every MAJOR move last few months has been due to some news item out there, whether it be Bernanke speech, news on problems at some corporation, trade deficit news, oil price news, etc etc. So, I am happy to see posts alluding to "fundamentals". That is not to denigrate TA in any way. TA is the bullets and fundamentals is the gun. You need both to be effective.

[danzman]

You need both
to be effective.

Nope. Don't need to follow funnymentals at all to make money trading. The most consistent winners have proven just the opposite. Look 'em up:



Ed Seykota
Richard Dennis
John Henry
Bill Eckhardt
Paul Tudor Jones

I can't say I'm close to their league, but I only use trading systems...not economic data...and this is what I've done for a living for almost 10 years now.

D

[pdx5]

You need both
to be effective.

Nope. Don't need to follow funnymentals at all to make money trading. The most consistent winners have proven just the opposite. Look 'em up:



Ed Seykota
Richard Dennis
John Henry
Bill Eckhardt
Paul Tudor Jones

I can't say I'm close to their league, but I only use trading systems...not economic data...and this is what I've done for a living for almost 10 years now.

D

IMO it depends on your time horizon. For ST & day trading, you are entirely
right. For IT & LT trades I always take into account the fundamentals.

[danzman]

You need both
to be effective.

Nope. Don't need to follow funnymentals at all to make money trading. The most consistent winners have proven just the opposite. Look 'em up:



Ed Seykota
Richard Dennis
John Henry
Bill Eckhardt
Paul Tudor Jones

I can't say I'm close to their league, but I only use trading systems...not economic data...and this is what I've done for a living for almost 10 years now.

D

IMO it depends on your time horizon. For ST & day trading, you are entirely
right. For IT & LT trades I always take into account the fundamentals.

Sigh....

You didn't look into these guys at all. Most of them don't trade short-term.

One of my trading systems doesn't use any economic stuff. Just COT numbers. It works just fine without trying to guess the economy (and I've been long since June 06 so perhaps I'm inbetween IT and LT). Those trying to guess right now are predicting a recession. Predicting is for fortune tellers. Reacting is for traders. The quicker a person realizes this, the quicker they will make real money.

D

[pdx5]

I can't say my system has been a total failure, when I can support a lifestyle that includes no need to find a job, play golf at a private club and paying for two kids going through college. I read incessantly the likes of Paul Kasreil who provide great research into economic trends. For LT commitment of funds, one has to know where the economy is headed, not where it has been, as in charts. But if you are successful with your style of trading, more power to you. There are many methods of making money in the markets. That guy from Omaha tends to guess at future trends and he has done pretty well.

Edited by pdx5, 11 September 2007 - 07:43 PM.

[securelstmile]

You need both
to be effective.

Nope. Don't need to follow funnymentals at all to make money trading. The most consistent winners have proven just the opposite. Look 'em up:



Ed Seykota
Richard Dennis
John Henry
Bill Eckhardt
Paul Tudor Jones

I can't say I'm close to their league, but I only use trading systems...not economic data...and this is what I've done for a living for almost 10 years now.

D

Paul Tudor Jones uses 50% fundamentals and 50% technicals. I don't know about the others. The reason I know this is when I read Market Wizards I felt his method was closest to what I try to do. I don't do what he does, no private jet.

Jim Rogers uses fundamental almost exclusively but he is not a trader he invests long term.

I think pd is right longer term fundamentals are important. Recognizing apple's future dominance based on its growth and product mix can help you stay long that stock over the long term but it doesn't help you at all with day to day trading.

I agree that whatever way you make money, more power to you, congrats on being successfull. I would never knock a person seeing success.