Vinst, look at many of the posts in a site such as this one (I'm not trying to take a jab at anyone.). More often than not they have a handle on what direction to take in the markets, some news event hits, and then bail out.
Here's one of copious examples. I took a trade on the AUD/NZD after it's beginning spike UP to start the week. I was talking to someone, and he was going to do the same thing. Someone related that apir to what happened in Japan, and he chickens out. He has no trade, because he let the media scare him off. I'm over 100 pips up on the trade, because I traded according to my TA,s
I don't "deride" the media but I'm down on them, because they think they know more than they actually do, or they come off that way. Their job is to report what happens in the news, and not link it to the markets. Integrity is the central issue.
Anyone can look in the rear view mirror and say this happened because of that. It's easy to take events, link them together, and then draw any conclusion you want. It's an art to forecast the event before it happens, and the media has no inclination how to do that. They only report things after they happen, and in the news, that is really their job.
You're right! They don't spoil my accurate work. This is why nothing they say concerning the markets can be validated. I just want them to call a spade a spade. I want honesty, so I can depend on them. That's how it is in everyday life. That's just how things should be.
BTW, they don't spoil the TA's or PA's accurate work, so that makes what the media says inaccurate, because the accurate TA's and PA's are on the opposite sides of the fence, more often than not.
Let me say in the middle of what may appear to be a rant that experience will teach us some things. Follow the media with regards to the markets, and then follow any respected forecaster of the markets. When I started in 2004, I kept notes on all this stuff. I took no one's word for anything. I needed to in order to form honest personal convictions. I don't want to sound like I am gloating, but that is why I am doing well in my trading today.
Thanks, Vinst. I'm glad you are finding good in my forecasts. And, BTW. You praise the media, and I hold them in disdain with regards to the markets. We are on opposite sides of the fence along these lines. As long as we are doing well in our trading (That's what this site is all about.), that is what really counts. I've said it a lot. Trading is personal.
Let the media make profits.
Live and let live is a great principle.
Media want to get into pyjamas of everything and describe the gory details and link it with the snow fall on a mountain 2000km away. All this requires hard work. It should be appreciated
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Why is it that all FA, PA, TA chaps want to deride media
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Do they spoil your accurate work? No, in fact they make it work by pulling in the crowds.
Since I have praised media, I am none of FA, PA, TA
4xpip: pls don't think that have ignored your Ichimoku analysis. I wait for it eagerly and read as it arrives.
