Fundamental Trading Always beats Technical Trading 100% | Page 13 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Turn $100 into $10k in 100 trading days = high stress high RR 121 replies

High Leverage Trading, Going For A 100 Million, 100% A Week 149 replies

High Leverage Trading, 100k To 100 Million, 100% A Week 23 replies

Always Trading With a 1/1 RR Ratio 25 replies

The Market is always Technical 0 replies

Attachments: Fundamental Trading Always beats Technical Trading 100%
Exit Attachments

Fundamental Trading Always beats Technical Trading 100%

  • #241
  • Apr 9, 2018 6:39am Apr 9, 2018 6:39am
Quoting Samson85
{quote} TBH with you I dont have the time to teach. I would recommend you start with these videos like I did - https://www.youtube.com/watch?v=80eJbVhxWlI&t=2072s https://www.youtube.com/watch?v=7W0et0enfQs&t=1502s https://www.youtube.com/watch?v=SsQBjHK-SH4&t=1729s https://www.youtube.com/watch?v=EeXNJEIhVbo&t=1873s https://www.youtube.com/watch?v=TIKaMiZWPrQ&t=677s
Thank you very much for your video list! I hope, it’ll help me a lot!
  • #242
  • Apr 9, 2018 9:12am Apr 9, 2018 9:12am
Quoting Samson85
Barclays are shorting EUR/USD at 1.2265 with a target of 1.1948 (200 DMA) CIBC are shorting USD/CAD 1.2775 with a target of 1.2485 stop at 1.2885
even barclay have difficulty finding good timing entry...thats why im averaging it just now for eur usd...
  • #243
  • Apr 9, 2018 10:22am Apr 9, 2018 10:22am
Quoting indosupre
{quote} even barclay have difficulty finding good timing entry...thats why im averaging it just now for eur usd...
To be honest with you I just posted it as its a big banks trade, but I think it was not a good call on their end because we dont know what the ecb minutes hold on Thursday and we got fomc as well so I am curious how they came to that trade.

The usd/cad one I am in on and I am long gbp/usd.
  • #244
  • Apr 9, 2018 12:40pm Apr 9, 2018 12:40pm
do you use stop loss? If so How much stop loss do you need as a fundamental trader?
  • #245
  • Apr 9, 2018 5:45pm Apr 9, 2018 5:45pm
Quoting neko1234
do you use stop loss? If so How much stop loss do you need as a fundamental trader?
There are a few ways to set a stop loss. Quite a few intra day traders will use the previous days low or high but it really depends where you catch the trade.

If your swing trading a long term fundamental move and you manage to catch it at the start then I would say 100 pips shoukd be fine and at some point you could move the stop to break even.

For example there is still time to short usd/cad and aud/cad before the nafta deal comes out. Where you set your stop should be at a previous resistance level id say which the gives trade enough space to sustain impact news should the trade briefly move against you.
  • #246
  • Apr 10, 2018 12:10am Apr 10, 2018 12:10am
I prefer fundamental, too. I usually scalp with some feeds, hold position for hours or intraday, and don't be greedy.
  • #247
  • Apr 11, 2018 1:18pm Apr 11, 2018 1:18pm
so, samson, already buy usd again? fomc seems bullish for usd
  • #248
  • Apr 11, 2018 3:45pm Apr 11, 2018 3:45pm
Quoting indosupre
so, samson, already buy usd again? fomc seems bullish for usd
I didn't trade Fomc due to me being in Asia on holiday lol (on at 1am where I am)

The tone was a bit bullish but the market disregarded it.

Tbh I wasn't sure what ground breaking news they could deliver. Only thing that could have caused a stir was trade wars if mentioned.

I think we have slightly more chance of action from ecb minutes tomorow as that could shape the short term trend for the euro.
  • #249
  • Apr 12, 2018 8:34am Apr 12, 2018 8:34am
usd seems bullish although ecb is a little bit neutral i guess....fomc rule this time....
  • #250
  • Apr 12, 2018 8:46am Apr 12, 2018 8:46am
What do you guys think of GBPJPY's longer-term trend?

BOJ says they want to cut QE in September, but they don't have a problem keeping it going until inflation reaches 2% AND stabilizes, so them cutting it in September isn't likely IMO.

BOE is struggling to keep inflation close to 2%. The economy will likely continue to improve as BREXIT fears ease resulting in them tightening up eventually.

Looking to get in at any dips while QE is still going on but before the BOE starts tightening is the name of the game.
  • #251
  • Apr 12, 2018 9:15am Apr 12, 2018 9:15am
Quoting indosupre
usd seems bullish although ecb is a little bit neutral i guess....fomc rule this time....
I thought it was a very neutral ecb minutes I heard.

Big boy traders just pushing the buy button
  • #252
  • Apr 12, 2018 9:18am Apr 12, 2018 9:18am
Quoting ShutterLake
What do you guys think of GBPJPY's longer-term trend? BOJ says they want to cut QE in September, but they don't have a problem keeping it going until inflation reaches 2% AND stabilizes, so them cutting it in September isn't likely IMO. BOE is struggling to keep inflation close to 2%. The economy will likely continue to improve as BREXIT fears ease resulting in them tightening up eventually. Looking to get in at any dips while QE is still going on but before the BOE starts tightening is the name of the game.

I think cad/jpy is a better long term trending pair. The cad central bank is in a better position minis nafta which is concluding soon and the trade war which is periodic nonsense. With oil spiking up it makes cad stronger.

What is keeping gbp alive is the potential chances of two rate hikes but brexit is always lurking.

GBP/jpy does look attractive on the 1 day chart I must admit.

I
  • #253
  • Apr 12, 2018 9:23am Apr 12, 2018 9:23am
Quoting Samson85
{quote} I think cad/jpy is a better long term trending pair. The cad central bank is in a better position minis nafta which is concluding soon and the trade war which is periodic nonsense. With oil spiking up it makes cad stronger. What is keeping gbp alive is the potential chances of two rate hikes but brexit is always lurking. GBP/jpy does look attractive on the 1 day chart I must admit. I

Yeah BREXIT is the real catalyst in question for all GBP pairs. The market does appear to be less worried about it overall, but this can always change.

I agree CAD is looking good as a whole, and as long as oil keeps going up, things should be good

I wouldn't go short USDCAD or anything, but I do like the idea of building up a nice CADJPY long position through September.
  • #254
  • Apr 12, 2018 9:52am Apr 12, 2018 9:52am
Quoting ShutterLake
{quote} Yeah BREXIT is the real catalyst in question for all GBP pairs. The market does appear to be less worried about it overall, but this can always change. I agree CAD is looking good as a whole, and as long as oil keeps going up, things should be good I wouldn't go short USDCAD or anything, but I do like the idea of building up a nice CADJPY long position through September.

Lol I see you joined forex factory like 1 hour ago and you're already saying all the right things

Yea I agree with you on the above.
  • #255
  • Apr 12, 2018 8:10pm Apr 12, 2018 8:10pm
Quoting Samson85
{quote} I think cad/jpy is a better long term trending pair. The cad central bank is in a better position minis nafta which is concluding soon and the trade war which is periodic nonsense. With oil spiking up it makes cad stronger. What is keeping gbp alive is the potential chances of two rate hikes but brexit is always lurking. GBP/jpy does look attractive on the 1 day chart I must admit. I
GBP/JPY is slamming against the 152.90 resistance point currently. I would to see a break/close above that. If it does not break/close by tomorrow, I'm going to close my long, it would be 12 trading days with no break and the interest is starting to add up.
Be humble or get humbled
  • #256
  • Apr 12, 2018 8:19pm Apr 12, 2018 8:19pm
Quoting ShutterLake
{quote} Yeah BREXIT is the real catalyst in question for all GBP pairs. The market does appear to be less worried about it overall, but this can always change. I agree CAD is looking good as a whole, and as long as oil keeps going up, things should be good I wouldn't go short USDCAD or anything, but I do like the idea of building up a nice CADJPY long position through September.
Waiting for a pullback on both USDCAD & CADJPY before adding. USDCAD looks to petering out but you never know. CADJPY is looking good until at least 89.00 and then 91.00. Beyond that you have to go back to August 2015 before price was above that level. I hope your right about riding it through September!

- Ric
Be humble or get humbled
  • #257
  • Apr 12, 2018 8:39pm Apr 12, 2018 8:39pm
Quoting riclater211
{quote} GBP/JPY is slamming against the 152.90 resistance point currently. I would to see a break/close above that. If it does not break/close by tomorrow, I'm going to close my long, it would be 12 trading days with no break and the interest is starting to add up.
Well I just found out the reason for pound strength is that the market is pricing in a rate hike for next month may 10th. They said it's 80% priced in so still a bit of room.

If your gbp/jpy trade is an intra-day trade I would close it for profit and wait for a pull back because they always come on jpy due to safe haven plays.
  • #258
  • Apr 12, 2018 8:45pm Apr 12, 2018 8:45pm
Quoting riclater211
{quote} Waiting for a pullback on both USDCAD & CADJPY before adding. USDCAD looks to petering out but you never know. CADJPY is looking good until at least 89.00 and then 91.00. Beyond that you have to go back to August 2015 before price was above that level. I hope your right about riding it through September! - Ric

Good article for you on cad: https://forexlive.com/news/!/citi-on-usdcad-looking-for-further-cad-gains-20180413

I was day trading cad/jpy and usd/cad. We got bank of Canada interest rate release next week but it's tricky because he could be hawkish due to good cpi and employment data but then he could be dovish due to trade war and nafta. We will get a 100 pip move for sure that day on usd/cad.

I heard in a seminar we could get a surprise hike so I'll have my finger on the mouse ready for that.
  • #259
  • Apr 12, 2018 9:03pm Apr 12, 2018 9:03pm
Quoting Samson85
{quote} Well I just found out the reason for pound strength is that the market is pricing in a rate hike for next month may 10th. They said it's 80% priced in so still a bit of room. If your gbp/jpy trade is an intra-day trade I would close it for profit and wait for a pull back because they always come on jpy due to safe haven plays.
Actually been long since March 9th on the Daily chart. It just seems to be slowing down. I can eat a 30% retrace but I don't want to . I am trying to get back up to the February 1st highs of between 155 & 156. However, next week is full of GBP news. Average Earnings, Unemployment, Year over Year CPI and monthly Retail Sales all in a row. If the news is bad or even mixed, intra-day and short term traders will knock the price down in fear (as always) in the short term. As always it is a wait and see approach as the following week has a few more fundamentals to deal with. Technical analysis wise, it looks good after breaking the 151 resistance point on Tuesday but like I have mentioned before on this very thread, fundamentals can ruin all your technical analysis with one surprise news announcement. If the technicals hold up and the news comes out decent or better, it should hit those highs by months end

- Ric
Be humble or get humbled
  • #260
  • Apr 12, 2018 9:07pm Apr 12, 2018 9:07pm
Quoting Samson85
{quote} Good article for you on cad: https://forexlive.com/news/!/citi-on-usdcad-looking-for-further-cad-gains-20180413 I was day trading cad/jpy and usd/cad. We got bank of Canada interest rate release next week but it's tricky because he could be hawkish due to good cpi and employment data but then he could be dovish due to trade war and nafta. We will get a 100 pip move for sure that day on usd/cad. I heard in a seminar we could get a surprise hike so I'll have my finger on the mouse ready for that.
Be humble or get humbled
0 traders viewing now