Good evening,
This is a serious thread, folks.
I am far from being a pro trader in regards to the Forex market (but 10 years of experience in stocks/futures) and not so long ago, when I glanced at fundamentals, I could find some ways to enter into a trade on a regular basis. I don't know why, and that's why I would like your seasoned opinion btw http://www.elitetrader.com/vb/images/smilies/smile.gif but it's been a few months that fundamentals are absolutely of no use.
I mean, I could take hundreds of examples but let's try with the following:
Yesterday, bad news from Switzerland (higher unemployment rate, seasonally-adjusted or not) and to top it off, better-than-expected news from Uncle Sam on the housing front... well ONCE AGAIN, the franc got on a crazy up ride in the afternoon.
It's JUST one exemple but on the majors, it's happened over and over again in the past few months, be it the yen, the franc, the pound or the euro. Can some Forex experts, pro or seasoned amateurs, explain me here (or in private) what's going on? How come fundamentals have been of no use lately?
What am I missing as an analyst?
I know, some are thinking: "wtf, trade the trend, you don't care as long as you are profitable, buddy"
Well, no actually, I like using my brain and usually it works out pretty well, what am I missing these days, that's why I would like the opinion of some fundamentally-oriented or technofundamentalists about all this.
Thanks very much in advance for your answers.
Private answers (if the thread becomes a mess) are welcome http://www.elitetrader.com/vb/images/smilies/smile.gif
Bless,
This is a serious thread, folks.
I am far from being a pro trader in regards to the Forex market (but 10 years of experience in stocks/futures) and not so long ago, when I glanced at fundamentals, I could find some ways to enter into a trade on a regular basis. I don't know why, and that's why I would like your seasoned opinion btw http://www.elitetrader.com/vb/images/smilies/smile.gif but it's been a few months that fundamentals are absolutely of no use.
I mean, I could take hundreds of examples but let's try with the following:
Yesterday, bad news from Switzerland (higher unemployment rate, seasonally-adjusted or not) and to top it off, better-than-expected news from Uncle Sam on the housing front... well ONCE AGAIN, the franc got on a crazy up ride in the afternoon.
It's JUST one exemple but on the majors, it's happened over and over again in the past few months, be it the yen, the franc, the pound or the euro. Can some Forex experts, pro or seasoned amateurs, explain me here (or in private) what's going on? How come fundamentals have been of no use lately?
What am I missing as an analyst?
I know, some are thinking: "wtf, trade the trend, you don't care as long as you are profitable, buddy"
Well, no actually, I like using my brain and usually it works out pretty well, what am I missing these days, that's why I would like the opinion of some fundamentally-oriented or technofundamentalists about all this.
Thanks very much in advance for your answers.
Private answers (if the thread becomes a mess) are welcome http://www.elitetrader.com/vb/images/smilies/smile.gif
Bless,