Quote:
Originally Posted by rhodytrader
You talked about intraday trading in your initial query. That, to me, implies news trading. If you were talking about a weeks to months projection, then you're talking fundamental analysis and trading.
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Hey. Love the quick repsonses.
But what you said in the above quote. Don't a lot of traders (not sure) look at a higher time frame so to speak to get the overall trend and trade the lower time frames with that trend? So I'm asking wouldnt the speculation of interest rate hike (everything else held contant) want to make traders buy into the dollar, making long positions in the smaller time frames more optimal if you did not want to go against the trend? I get confused as to when observing people trade on smaller time frames they will say something like " Well, I have a long setup and the Fundamentals are looking good." So wouldnt they be saying since they are going long, use USD as example, that the USD is strong, hence higher interest rates make/could the USD stronger?
Don't get frustrated with me, Im just trying to get or understand the connection with trading.
Thanks again!
Adam