Im starting to take that JArratt Davis guy seriously. I'm finally reading the fundamentals and got to tell ya I'm amazed how the market is really driven by it. I started reading articles on bloomberg fxstreet and forexlive to find sentiment in what everyone is thinking and it works! The only problem is sometimes it takes a little bit of time for me to digest the information, but it's still rather simple if you just follow the four steps Jarratt lays out on trading the news.
Heres an example of how I followed Jarratt Davis method:
GBP British Pound
Heres an example of how I followed Jarratt Davis method:
GBP British Pound
- Currency
- Direction
- Reasons(catalyst) why
- Traders or institutions market expectations
Currency -
British Pound (GBP)
Direction -
The Bank of England is right to cautiously signal that an interest-rate increase is coming.
Reasons -
- the central bank has come down on the side of some kind of modest withdrawal of stimulus.
- Inflation is poised to exceed 3 percent, a full percentage point above the central bank's target.
Traders or institutions market expectations -
AUTHOR OF ARTICLE. NO TRADER OR INSTITUTION.
November meeting of the monetary policy committee.
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