Technical Analysis Verses Fundamental Analysis…

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“Trade What YOU See – Not What You Think!”

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A lot of traders say they’re either “Technical or Fundamental” when it

comes to trading. The fact is, we’re all 100% fundamental traders it’s just

that some of us don’t realize it yet.

I am 70% Technical & 30% Fundamental!

I myself used to like to say that I was 70% technical and 30% fundamental

until I had it explained to me by a very prominent and well respected Grain

Futures Market Broker by the name of Mr.Tim Hannagan which has over 40 years

trading experience in the Commodity markets.

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You see, a technical trader uses technical tools available on a chart, where a

fundamental trader uses news elements. Before a major news element comes

out which could be days, and sometimes weeks before the market fears the

worst or the best to happen – known as “Fundamental Analysis.”

The BIG Technical Move Before A Fundamental Element.

You’ll see a 3 or 4 day move before the news takes place, it will show up

as a technical pattern on your chart but the whole reason in the first place

why this happened was due to the “Fear” of what “Could Happen” from a

fundamental element about to enter in the market.

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Known as… “Buy The Rumor – Sell The Fact.” So in essence, we’re

all “Technically 100% Fundamental Traders.”

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I just want to say thank you to Mr. Tim Hannagan for his mentor-ship, in years past as if it wasn’t for him to teach me nearly everything I know about trading it would have came a lot harder than it did.

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At first he didn’t want to teach me, {he said you don’t want to learn the mechanics of trading?} but after bugging him for month’s on end he finally gave in and took me under his wing. We all have to learn from somewhere…trading or any other skill you master in life has to be taught and I sure hope you were able to learn a few important skills in this blog. I just want to mention that Mr. Tim Hannagan has since passed away … rest in peace my good friend…

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