Do Not Trade By The News, Follow The Price Action - page 21.

beerlover

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Quote from: portalufonet on September 25, 2018, 05:15:09 PM

News can come at any time and it is a tool for marketers to navigate their way. So consider before investing on the news because it may be just a drama set up to bring investors to the whale's goal.

News at times can even be fabricated and things would have gone awry from your own end before even realizing it.
This is one of the reasons why fundamental approach to a market has never really been my thing and I prefer to just deal technically based on what the chart tells me than what the mainstream media tells me and so far for the number of years that I have been a swing trader, I want to believe it makes more sense to me than following the band wagons who just prefer listening to every news and acting on it like their life depends on it.

My decision is dependent on price action and that is always a better approach to a market.

BitcoinTurk

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Quote from: makenoise on September 19, 2018, 09:54:03 PM

It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.

It is a fact that many news do not affect the price unless there is a big impact on this sector, but it is a fact that the news is reflected in the price when a serious news is made. Regardless of the news, it will not be a good thing to make a transaction depending on the news, but following the price trend will make a contribution to the investor in this process. Especially the al-sat depth graph is the most important factor to be examined in such cases, because the operations performed vary according to the depth of this chart. In addition, the daily price range can be obtained through this graph as long as there is no major investor intervention.

Ividanik

copper member

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To be honest, there is a lot of fake news as well what has been made just to drive the price into one or other direction, so you can use only very reliable sources like Bloomberg if you want to, but I will suggest better follow technical analytic data.

LeetPoolsOP

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I agree that the market does not always react to the news the way we expect it to. But I advise you to read the news, but trading guided by the results of technical and fundamental analysis.

pawanjain

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Nothing lasts forever

Quote from: makenoise on September 19, 2018, 09:54:03 PM

It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.

I do agree to your point but only to some extent. It is hard to believe the news these days since politics and biased information is spread everywhere
Hence, believing in news is not a wise thing to do as it may result in severe loss due to manipulation of information and price. We should have the skills to identify whether a news is actually true so that we make the decision to invest respectively.

Malamok101

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Quote from: daviidalpert on October 01, 2018, 08:02:58 PM

we don't trade by the news.but We can't ignore them either.Regardless of the truth of these news, it always has some influence on the market.so the analysis of fundamentals is essential.

Ye's. thats true I dont follow to the news of the price because some of news are fake and not really happen once sometimes mistaken for what they saying.

Sadlife

sr. member

Activity: 1400

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Sometimes news are irrelevant to the price because it's being manipulated by a group of cartels called whales even if a token or coin had good fundementals if the whales to bring it down then it's all for naught so better buy more in the dips and sell when BTC price rises.

Pattart

hero member

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Quote from: TopT3ns on September 28, 2018, 08:23:11 PM

Quote from: kotajikikox on September 28, 2018, 06:41:20 PM

Sometimes we need to read news about what is the latest trends for altcoins but of course we need to study and analysts about the news trends to avoid loses before buying the coins

That is why we can't miss any news about bitcoin, because it can really affect with it especially if bad news come. So we not late if price dumped or pumped by news when good news come.

Lol, if you see the bad side, people will always be influenced by the news so that it can impact the market, but if someone sees the positive side they can use the news to determine what options they will choose (just for reference), not directly make you panic and make choices according to the news ..

gabbie2010

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Fundamentally news moves ie increase the volatilty of the price however I agreed with the OP on the basis of using Price Action, personally I traded based on price action at some strategic pivot point when a major news that affects a particular pair is announced its definitely gonna move the price having the price stabilized then its time to deploy price action before pulling the trigger whether to buy or sell.

daviidalpert

sr. member

Activity: 448

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we don't trade by the news.but We can't ignore them either.Regardless of the truth of these news, it always has some influence on the market.so the analysis of fundamentals is essential.

Getcoinsite

sr. member

Activity: 714

Merit: 260

Quote from: makenoise on September 19, 2018, 09:54:03 PM

It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.

Basically these days of trading practicality is the best strategy,never fall from the positive or negative news instead somtimes rely on your instincts because no one really cares for hou hard earned money but yourself,so if theres must to be followed it is your thinking and not by others

Quote from: john_nautica on October 01, 2018, 06:06:57 PM

maybe many beginners who trade only based on the news do not have sufficient skills or abilities, but it is not what they should do. skill or ability can be one of the best factors that must be owned in order to always get a large profit in trading.

So inshort they must learn first,keep studying the market and never rush for profit,because this will only lead thm to failure..the risk of losing is higher than the chance of winning in cryptocurrency community so better always watch you movements

john_nautica

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maybe many beginners who trade only based on the news do not have sufficient skills or abilities, but it is not what they should do. skill or ability can be one of the best factors that must be owned in order to always get a large profit in trading.

tenakha

hero member

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Quote from: harbin55 on September 30, 2018, 10:40:59 AM

Yes of course, do not trade by the news because some of the news are fake that spread out easily and also it is most appropriate to depend to the price action.
Through this you can be able to see which is the most reliable by its outcome. Another thing price actions tells most accurate what happen in the cryptocurrency.

Sure, we should not believe the fake news. It is always necessary to go to the source of the news and to act accordingly after being searched deeply. Furthermore, the existence of fake news isn't a reason to give up basic analysis. Because of existence of scam coins, we cannot call Bitcoin a scam.

Willitivity

sr. member

Activity: 1190

Merit: 256

This market is so fragile and volatile, any little news pulls big results either negatively or positively, even price is affected by it. Best bet is to follow the know news, watch price movements and be able to know how to trade at a give time. Keeping up to date with both will place you a step further.

MrVuuu

full member

Activity: 445

Merit: 111

I believe that at first there is a sharp price movement, and then there is news that explains the movement. In general, the news is very difficult to trade, for me in general - it is impossible. I believe the news market is completely manipulated.

cunguks

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Both the news and the lead of the current price are important. We can't ignore them, believe or not, both of them could be the base of price change. Let's say we did hear negative news for cryptocurrency, but wait, we can't fully believe nor we can't fully ignore the news. It's true that today's cryptocurrency news/articles are mostly bullshit by design. However as long as we are not being driven, I think it's okay. Because sometimes news help us to understand the situation better.

djselery

legendary

Activity: 1386

Merit: 1001

That's correct, the successful crypto trader have to study and analyze the market, and the charts carefully before taking the decision of trading. Following the crypto news isn't always helpful, because the predictions aren't totally exact, and sometimes they are misleading.
That's why it's always recommended to learn how to analyze the price chart before trading.

yanto@1977

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★Bitvest.io★ Play Plinko or Invest!

Quote from: makenoise on September 19, 2018, 09:54:03 PM

It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.

For technical trader " YES " but for fundamental trader " NO ". Price action is about right now and news is probability, some people take this as their challenge, nothing wrong with that. Every strategy have their own rules why not try to combine it maybe you'll get better decisions. Try to combine as new challenge, your skill will raise in different way.

Exidous

full member

Activity: 239

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Yes, I agree with you that we can not trade based on information because there is much fake news in the market. we are easy to lose money if we trust. However, if we don't get the news on the market immediately, we are also losing your chance.

Viper_Unleashed

sr. member

Activity: 584

Merit: 252

The main problem lies today if of fake news.Many scammers genuinely spread the fud about any exchange and sometimes about shitty coins and people had to suffer loss.I remember when I was very newbie had some bad experiences and suffered some loss.For example there are lot of shitty coins out there and each day new one emerging and so the fake news of their soft/hard fork.Even many times during airdrops people keep their money in false exchanges and their money gets scammed.So its really our responsibility to do our own research and take actions.Mere listening or seeing news should not be the only criteria to take action.Technically we also have to see the reason for any event.
Be safe happy trading/mining all.

Topic: Do Not Trade By The News, Follow The Price Action - page 21. (Read 19599 times)