A short YouTube transcript excerpt where the speaker argues technical analysis (price action) should be the primary basis for trading decisions—especially for US traders—while also using fundamental economic news to provide context and avoid trading 'blind'.
If you're trading, I think technical analysis goes hand in hand with fundamental analysis. Technical analysis or price action is king for US Traders because we are trying to find the imbalances in prices. We are trying to find the areas where we can possibly enter, exit where we see strong aggressive buying pressure, weak aggressive selling pressure and so on. So that's where technical analysis, if you want to call it a price action, is huge to us. And that's what we want to base majority of our trading off. But we do want to keep some aspect of fundamental economic news data and all that in our trading because if we don't have that, essentially blind. So we want to know what the theme is. Hey, what's driving the stock or the market to go up or lower? What is the big overall theme? Is this a sell side? Is this buy side? Why? What's the big why.
