Market noise, do you listen?

Hi ya…

Does anyone listen to market noise? More precisely, view news channels such as CNN, MSNBC, etc.

Or during the trading day watch the Dow, S&P, or indexes.

I can only see taking in market noise for one purpose, which is monitoring for a major global effecting catastrophe of some sort. But with stops in place the most will happen is a stop out.

In the morning I read google news for such like the above but that’s it really. Besides who wants to watch depressing news anyways.

Any thoughts?

Does anyone have any input for this?

Personally I avoid news like the plague.

Everything is already priced into the chart so that’s all I watch.

No. :slight_smile:
The above mentioned news “sources” are not transmitting news anymore because they are too late. Events have already happend. So these “sources” transmit [B]after[/B] news. :smiley:

They’re also used to influence market perception. The BoJ are masters in that kind of thing where they are using such outlets you have mentioned in order to archieve a pre-meditated sentiment. :smiley:

That’s intermarket correlation.

Central Banks websites are a vey good news sources depending on what pairs you trade. :smiley:

I’m with o99016mh on this one. I trade the charts… price is always right!

Personally, I cannot second guess how ‘X’ news will effect price. Therfore I will trade all news indirectly through price on the charts. With the sole exception of high impact news. I make sure I’m out pre- news release. Better I think to see where price has gone then decide whether to take a possible retrace trade. :slight_smile: