persistence and determination alone are omnipotent
- | Joined Aug 2019 | Status: Member | 98 Posts
Nat Gas today had a biggish impact even tho the data was largely in line with expectations:
{quote} This was, I think, anticipated, and well known, and therefore already built into the price. The 1 B difference from expectations is of little or no consequence in the scheme of things. Yet another reason why I don't pay much attention to day to day news, or it becomes analysis paralysis.
) I totally get it! 
Do you have any charts or trades that you may share? It would be awesome to see how you see things from the longer view, tech perspective. ☺
How long have you been trading? Thanks again and welcome Lloyd! You are appreciated
My Medicine Return Today:
na
{quote} I'm thrilled you decided to jump in this thread LloydOz! I noticed that you are a pure tech trader (for your sanity
I do take notice of the news, can't help it - like that NG storage picture on the previous page was most interesting and "explains" things - but it does not affect my trading. I have post-grad qualifications in economics and can see through much of the fairly one dimensional analysis provided on that front by commentators. Of course I have views as to what "should" happen, but that thinking usually burns holes in the wallet.
Been learning now for about 30 years and its what is rubbish is what is important to know. Oh, where do I start on that? Forecasting methods are off limits for me, having critically analysed them and found them utter tosh (except in hindsight). They make my three remaining neurons hurt.
I have "long term" charts. They aren't much good for trading day to day - a filter. For trading I use some quite simple indicators, highly modified so you won't see them in any books. I have not shared any pics yet and will try to learn how.
{quote} Thankyou, you are too kind.
I do take notice of the news, can't help it - like that NG storage picture on the previous page was most interesting and "explains" things - but it does not affect my trading.
I have post-grad qualifications in economics and can see through much of the fairly one dimensional analysis provided on that front by commentators. Of course I have views as to what "should" happen, but that thinking usually burns holes in the wallet.
Minimizing the reliance on the minute to minute fundamentals, is starting to become a common theme that I'm continually running into. It appears that all of the advanced traders eventually gravitate towards the tech-side of trading.
Been learning now for about 30 years and its what is rubbish is what is important to know.
Woah! That's some serious time chief! I'm slowly piecing "it" together. One of my main fears is building the foundational fundamentals of experience on rubbish, and then having to tear it down, but then still being left with reminisces of the rubbishness in my foundation. Un-learning bad habits can be more painful then learning the habit anew!Oh, where do I start on that? Forecasting methods are off limits for me, having critically analysed them and found them utter tosh (except in hindsight). They make my three remaining neurons hurt.
Ok Lloyd!...It's clear you have far more neurons than 3! But I totally get it. We definitely don't want to put unnecessary/hogwash, loads on our cognition.I REALLY and seriously only have 4 connecting neurons (2 of which fight each other all the time) so I'm taking that wisdom to heart!
I have "long term" charts. They aren't much good for trading day to day - a filter. For trading I use some quite simple indicators, highly modified so you won't see them in any books.
This is another theme I'm starting to believe (which you are solidifying) is the simplicity aspect.I have not shared any pics yet and will try to learn how.
There's no rush!Really, thank you Lloyd, for sharing your boundless experience and wisdom.
I've learned a substantial amount, from you and you've only made 5 posts!
I've got to hit the sack now, as it's been a long day, but I'll surely be following your posts and catching you around. It's been a pleasure!
Have a spectacular weekend if I'm unable to hop-on tomorrow! My Medicine Return Today:
na
- | Joined May 2021 | Status: Junior Member | 5 Posts
US Natural Gas prices are choppy, the spread can be wide, and swaps do take a toll, but as this chart shows, rewards are there if you are willing to trust the indicators and hold.
