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telerate wrote:
>
> Seriously though, I've been wanting to ask a question of Walt and Rick
> for some time now..... I primarily trade the grains. Since I've never
> seen this subject mentioned by either, my question is simply this...
> Even if your analysis techniques TELL you very directly to either
> 'buy/sell' at a particular time, do you take into consideration any
> fundamentals such as a pending crop report before you make the trade? >
> Thanks for your time!
>
> Regards,
> Ryan Garrett
Speaking for myself, I'm do not take any fundamentals into
consideration. The markets move by their rythyms with this information
already incorporated.
As a matter of fact, with my technical analysis, it almost appears that
the results forecast the events. In other words, I may say that I expect
Soybeans to CIT on a particular date, and then on that date it does so
because their was a flood or something. Bad news forecasting?
As for reports, they do make me uneasy because they can cause little
blips to appear, just enough to knock you out. Therefore, I choose to
exit on report days and look to re-enter the following trading day.
:)
rick
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