RE
redsixspeed
Rep: 4,111
Posts: 1,711
I don't understand why a new low? We got the rescue must be a shake out
CH
CharterJoe
Rep: 4,475
Posts: 2,352
Thats why I don't watch the news while I trade. I am a firm believer that you can see it in the charts before it happens. I don't even listen for numbers in the A.M, I don't even know when the fed meets. This may sound stupid to some in here but if it isn't broke.... and if it were not for some in here I would even now they were voting today. It helps keep the biases out of my trading.
RE
redsixspeed
Rep: 4,111
Posts: 1,711
I agree Joe; only I do watch (not cnbc) for the Eco. news non farm fomc ect. Looking at the candle just before news sometimes gives a false signal. They may be holding for the realease and go the other way. Know how I know that? :))
NE
NewKid
Rep: 16,470
Posts: 1,915
In my opinion, that is the right way to do things. Just tune out everything else and trade per the technicals. Saves a lot of pain through making bad trades. One can never know in which direction the human emotion will take the market but your technicals will definitely tell you that.