Fundamental and Technical Analysis Combined

Both technicals and fundamentals are necessary to maximise consistent gains in trading in the long run. This is what many professionals do. The following were trades I made recently or are opportunities based on fundamentals and market sentiment.The blog on forex trading strategies will be published at least once a week. Fundamentals revealed through historical and real-time news are key and deserve more attention by traders despite the effort needed. This will pay off with a greater certitude in entering and exiting the markets when forex trading. I used to watch my trades continually with fear and trepidation. Now, I watch them knowing where and why they could move in a certain direction. It takes a while to learn the fundamentals and sentiment of currencies but it's well worth it because it works.

On June 22, 2017, I entered a short trade in the USDCAD based on the Canadian retail sales. In the video below I go through some of my reasoning for entering the trade. I mention the Canadian retail sales but referred to the auto retail numbers by mistake. This was my first recording and I need to be better prepared. I'm going to get a better sleep the night before. Seems like a trivial point but being prepared is half the battle and a proper sleep is part of that. Never overlook anything that might contribute to your edge in the markets.

Best of luck with your posts jchiogna1

Fader123

Thanks!

Both technicals and fundamentals are necessary to maximise consistent gains in trading in the long run. This is what many professionals do. The following were trades I made recently or are opportunities based on fundamentals and market sentiment.The blog on forex trading[highlight=transparent !important] strategies [/highlight]will be published at least once a week. Fundamentals revealed through historical and real-time news are key and deserve more attention by traders despite the effort needed. This will pay off with a greater certitude in entering and exiting the markets when forex trading. I used to watch my trades continually with fear and trepidation. Now, I watch them knowing where and why they could move in a certain direction. It takes a while to learn the fundamentals and sentiment of currencies but it's well worth it because it works.

On July 7, 2017, I entered a GBPCAD trade based on the CAD unemployment numbers. Again, I exited a little early and in this video, I discuss how I can capture more of the move next time.[/highlight]

Hi guys! Can I attend this post to have discussions with you? I'd like to exchange trading knowledge with everybody
An overview of the week from 07/08 - 11/08
Last week, the market focused mainly on two trading days at the weekend with a lot of important economic information. On Thursday, the GBP / USD - GBP / JPY fluctuated sharply in a downward direction as the report about the interest rate of GBP showed that this period was 2-0-6 vs 3-0-5 of previous period. This report showed that only two members want to raise the interest rate while the six members object. This contributed to make these pairs weaken significantly on Thursday.
On Friday, these pairs continued to plunge dramatically and set a new bottom as the greenback climbed steeply due to the non-farm payrolls and good unemployment rate. The dollar increased again while gold, EUR / USD - GBP / USD were dropping sharply - that means the market is preparing to enter a new trend in the short and medium term.
In this week, the market will has a little bit important economic information and mostly concentrate around AUD and NZD. The possibility of strong fluctuations in this week is not high and there may be a recovery as well as struggling in the first two days of the week. We will focus mainly on USD / CAD - USD / JPY trading on the upside and GOLD on a downward trend. We should Buy USD / CAD on price resistance of 1.2604 and Sell GOLD when price returns to $ 1261-1262 / oz.

late sudden news will change the analytical analysis .

As yesterday jpy became very strong due to the news , then nzd/jpy went to the south terminating all analytical and markets analysis done.... To the trash all of our analysis....

I can not explain what is in my mind clearly but all are related, if news are good and on time our analysis and levels will be right to the point, but if one sudden news popped up like yesterday, all of analysis are bye bye.... And traders will be facing bad time, to minimze the losses


so...... Better to work in kitchen and cook some pasta and meat better than trading the market analysis.

I took the following GBPUSD trade base on the GBP CPI trade. It was early for me and I had just driven 13 hrs nonstop. Not a good time to trade. I didn't do much prep for this one. If I had spent more time researching in advance I would have realized that even a small difference between the expected and actual number had the potential to move the GBPUSD substantially, especially to the downside. This is because such a discrepancy to the down side could cause the BOE to pause before issuing another rate hike. I thought I had ample reasons for cutting the trade short, the number one being it was only a slight discrepancy.

I could have at least moved the stop closer to break even and then let the trade run. This quick exit again is the result of poor preparation(somewhat understandable) and fear of losing the money that what was already on the table. I also didn't have the time to practice the psychology exercises (again part of preparation). Here are some simple currency trading tips: learn from my mistakes and do the preparation needed, even if you're tired.

This is a trade that I took on Aug 4th, 2017 at about 8:30 EST. I'll try to post on time and more frequently. This was based on the NFP (Non-Farm Payroll) report that came out better than expected. I chose the pound because the trend was already downward. This originally began with the Bank of England voting count being left unchanged. The market was hoping for a stronger vote in favor of a rate hike. When it didn't come about, the market tanked. The GBP was paired with the temporary stronger US dollar that again resulted from a better than expected NFP number: 209k compared to the expected 183k. I looked for a deviation along with the quality of jobs and average hourly earnings numbers.

The Fed is not paying as much attention to the job numbers and so this was one reason I didn't let the trade run very far. This coupled with the fact that the average hourly earnings came in only as expected: 0.30 limited the down side. In hindsight, I need to again split the trade and let half the trade run further after the stop loss is moved to break even. This trade made up for a dumb trade that I made earlier in the week that I ended up making worse by revenge trading.

[highlight=transparent !important]On Aug 18th 2017 I shorted the USDCAD based on US dollar weakness and Canadian dollar strength. The USD was weak because the uncertainty brought about by the US North Korea conflict.This has continued although weakened somewhat by Friday, the day I took the trade.[/highlight]
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[highlight=transparent !important]The CAD has followed an ongoing downtrend based on the hawkish comments made the Governor of the Bank of Canada, Stephen Poloz during the last rate hike. Also, the Canadian CPI came out on Friday morning as expected. This inferred more rate hikes and one possibly as early as October.[/highlight]
[highlight=transparent !important] [/highlight]
[highlight=transparent !important]I was in and out quickly as I'm "on holiday". Again, I could have let the trade go for at least another 2 hours. This would have resulted in another 40 pips in online forex trading the USDCAD.[/highlight]

Thanks a lot for your step! I like your content and video as well! Hope, you’ll be active there regularly! NO doubt, for being a successful Forex trader, we need a combo skill on technical and fundamental analysis! Only technical or fundamental is not enough here!

Yeah, it is good to see such an informative thread, with lots and lots of informative posts, keep sharing and thanks all to share their knowledge with us in here.

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On Sept 29th, 2017 I took a long trade on the EurCad based on several sources of fundamentals news. First, the Cad GDP report had just been released and it came in as less than expected. Not a huge difference but I also considered that the Canadian dollars was weak in general due to earlier comments by Central Bank of Canada governor Poloz. Poloz had been more negative than expected regarding Canada's economy and this seemed to be supported by the later GDP report. All of this in consideration of the well supported Euro during previous sessions indicated a strong upward trend for the EurCad. Again, it's old news, I could have held on longer but this is more of something I have to work on psychologically.

On Friday, November 17th I took a short trade on the Aussie CAD and it didn't go in my favor. This is how not to trade. As you can see here, I lost about 30 pips. There really wasn't any good reasoning behind. It was just kind of impulsive trading because I hadn't traded in a while. There just wasn't a lot of tradable news that I could find or any long-term fundamentals that I could depend on recently.


https://andiamolireforex.com/how-not-to-trade/

I entered a long trade in the US Canadian dollar last Wednesday December 6th, as you can see below. I entered some time around about 7 o'clock in the morning, Pacific time. It was entered on the basis of the BOC rate statement. There wasn't any expected change in the Canadian central bank rate and it did come out as expected.

They retained the 1 percent bank rate. What I was interested in though was the actual statement itself by Governor Poloz, central governor of the Bank of Canada. He came out actually stating that the bank would continue to be cautious.


https://andiamolireforex.com/usdcad-...-the-question/

On the morning of December 14th, 2017, I made a long trade on the Euro-US dollar. It was based simply on a some of the comments made by Draghi during the ECB comments session. He noted that there would be a significant improvement in the growth outlook in the Eurozone. At that point, I realized that it was a go for a long on the euro.
I didn't want to take much of a chance with this trade because it didn’t seem it would carry through much further. This was because of possible other contradictory comments that were forthcoming, and I was right. I got out at a previous pivot resistance, R1. It was just in time, allowing for only a few pips, a total of about 10 as you'll see in the video.

The trade quickly reversed after my exit. There really wasn't much to trade in in the subsequent days. However, there are some possibilities near the end of this present week.

As always, I'll keep you posted on that. Have a good day.

We need to have all the three types of analysis, to ensure your success in the Forex Market. You should gain the knowledge about all three and maintain the balance between it.