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Hi there everyone I hope you are all doing well! I wanted to reach out and see if anybody uses the economic calendar and economic fundamentals in their index or treasury futures trading.
I have been trying to learn the economic calendar lately to combine with BTC technical principles. Some days I really get it and profits come easy because I know it will likely be a bearish or bullish day based on the fundamentals and I use BTC principles to enter and manage my trades. Other days I am reminded I still need to learn more about fundamentals.
Finally are there any recommended resources out there to learn more about using the economic calendar and fundamentals for index and treasury futures trading? I also want to make a point, this is not looking to the news for answers, it is reading the economic reports (CPI, PCE, Non Farm Payrolls etc.) and making conclusions how the market may react to the data. Thank you!
Hi David,
News announcements are important for sure but usually to be out of market to avoid large swings.
For fundamentals, IMHO you may well be deluding yourself in its value and best not to waste your time. I would follow Al's advice in his article on topic here:
The Folly of Trading with Fundamentals
Just my 2 cents. 😎
That's okay, thank you for your feedback I will read up on the topic!
Just stay out of the market before and after FOMC, that's all.
Thanks PB!
