Dear all I have not updated this thread for a while simply because I have been figuring out ways to use the tools that I had listed in my first post which are:
- ECONOMIC CALENDAR ANNOUNCEMENTS
- CORRELATIONS MAINLY WITH:
- GOLD - POSITIVELY CORRELATED WITH: AUD, NZD, CAD
- OIL - POSITIVELY CORRELATED WITH CAD
- DOW (+VE) AND NIKKEI (-VE) CORRELATION WITH USDJPY
- BOND YIELDS
- CARRY TRADES
- MACROECONOMIC NEWS
- FOREX VOLATILITY
- 25-DELTA RISK REVERSAL
- COMMITMENT OF TRADERS REPORT
- OPTION EXPIRIES
- ORDER BOARD
- MONTH END ORDER FLOWS
The ones highlighted in green are the tools I have currently found success in using to help me with my fundamental analysis:
- The economic calendar I use to scalp
- The inverse correlations with gold and USD/JPY can help you gauge the risk sentiment of the markets
- Bond yields when reaching extreme levels can provide an extra push for its currency like has been recently seen with the US T_110 bonds which have bben increasing and the Bunds and Gilts which have led to a decrease in the GBP and the EUR at the time of writing
- Forex volatility autochartist.com has been useful for helping me to gauge the maximum TP I can reasonably aim for when my trade really starts to take off
If you would like to follow my progress along with other fundamental traders I have started to post my trades on this thread: https://www.forexfactory.com/showthr...0#post11031830
If you have further questions/inputs/advice please feel free to share
To Pipccess and Beyond
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