DislikedI make myself aware of the fundies a few times a day (merely by looking at the "Calendar" in forex factory).
But there's no way in the world I would try and trade based on fundies.
I have a friend who trades "News" announcements (on multiple 6 and 7 figure accounts) and he averages about 5% increase in equity a month, which is great on that size accounts however, I find that it is much easier and less stressful trading daily and 4 hour charts.
An hour study prior to the London and New York opens are about it for me. I'll likely as not just...Ignored
but, I found sometimes they lost, and I wanted to know why. In other forms of analysis I often found the answer (or at least strong supporting evidence of such)
as I said in the last post, I'll be looking to move into a longer term approach in the future... but I want at least 1-2 years of rock solid, jaw dropping results in my day trading. Not sure if i'll get that... but, that's the goal between now and then.
And thanks...the scalp is working ok... at least it can't lose, so one can't complain....
although it looks about to pull back and stop out.
Oh well... I guess on to the next trade!
BTW... good work on your trade journal. I checked it out...looks good. Will be following closely. Actually working with a family member to show them how to trade trendline breaks on the monthly and weekly charts... and use the daily charts to enter in the direction of a new trend on a re-test of a trendline... so far, they are very pleased with the results the last couple months
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