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Fundamental Trading Always beats Technical Trading 100%

  • #301
  • Apr 16, 2018 5:36pm Apr 16, 2018 5:36pm
Quoting Expo33
{quote} As usual you completely don't address any of the points I raised. Just "I knew it would crush" even though you stated it was because of all the other irrelevant reasons. When traders (or wannabee traders) tell me they "know" where price is going the red flags go up and the sirens ring loud. It was a technical London breakout, pure and simple. Anyways, good luck with your Nostradamus thing.
I addressed everything you said.

It was not a technical breakout. It was heavy pound buying vs a not so in demand currency at that moment in time. Hence why I went long gbp/aud as well.

Nothing i said was irrelevant. I read the sources for my reason and I traded it via a good entry.

After BOC interest rate release come Wednesday I think cad will become bearish because nafta could force the bank to cut rates. The deal is prolonging and traders will not want to hold those gains forever.
  • #302
  • Apr 16, 2018 5:40pm Apr 16, 2018 5:40pm
"If you have time, lookout for BOC rate release. You will see some volatility. The service I pay for will read out the statement via squawk and I then press buy or sell and make over 50 pips in 5 minutes. That is one example of my trading." -Samson

Maybe rename the thread to "The fundamental guide to forex gambling"
Pride always comes before destruction.... -Proverbs 16:18
  • #303
  • Apr 16, 2018 5:43pm Apr 16, 2018 5:43pm
Quoting Samson85
{quote} I addressed everything you said. It was not a technical breakout. It was heavy pound buying vs a not so in demand currency at that moment in time. Hence why I went long gbp/aud as well. Nothing i said was irrelevant. I read the sources for my reason and I traded it via a good entry. After BOC interest rate release come Wednesday I think cad will become bearish because nafta could force the bank to cut rates. The deal is prolonging and traders will not want to hold those gains forever.
Reminds me of my favorite Alicia Silverstone movie. I think her and her friends were all on the phone calling up Ransquawk.
Attached Image
Pride always comes before destruction.... -Proverbs 16:18
  • #304
  • Apr 16, 2018 5:49pm Apr 16, 2018 5:49pm
Quoting Expo33
"If you have time, lookout for BOC rate release. You will see some volatility. The service I pay for will read out the statement via squawk and I then press buy or sell and make over 50 pips in 5 minutes. That is one example of my trading." -Samson Maybe rename the thread to "The fundamental guide to forex gambling"
How is that gambling? You clearly don't even know how it works.


Whenever an interest rate release happens they always provide a statement. Let's say they keep rates on hold but the statement says thr economy is doing well and inflation is picking up which will lead to near term hikes then the market will buy. It's so simple but you have to understand the language and the fundamental outlook.

If poloz goes to speak at an event next week. 1 minute before he speaks the pretext will be available and as soon as traders read it they react.

This is one aspect of how big boys trade and so do I

How can you call it gambling when it is straight forward and more risk free than a normal trade lol
  • #305
  • Apr 16, 2018 5:52pm Apr 16, 2018 5:52pm
Quoting Samson85
{quote} How is that gambling? You clearly don't even know how it works. Whenever an interest rate release happens they always provide a statement. Let's say they keep rates on hold but the statement says thr economy is doing well and inflation is picking up which will lead to near term hikes then the market will buy. It's so simple but you have to understand the language and the fundamental outlook. If poloz goes to speak at an event next week. 1 minute before he speaks the pretext will be available and as soon as traders read it they react. This...
so you are saying 100% of the time when positive news comes out for hat currency price goes up?
wow i got to in on this
  • #306
  • Apr 16, 2018 5:52pm Apr 16, 2018 5:52pm
Quoting Expo33
{quote} Reminds me of my favorite Alicia Silverstone movie. I think her and her friends were all on the phone calling up Ransquawk. {image}

Please watch this mini documentary of a successul day trader who trades a similar way to I do (only 17 minute lomg)

You will see him make money in a very good way.

Please come back to me with feedback on it as it will be much appreciated.

https://youtu.be/lSKT6o3gpo0
  • #307
  • Apr 16, 2018 5:56pm Apr 16, 2018 5:56pm
Quoting MLeslie
{quote} so you are saying 100% of the time when positive news comes out for hat currency price goes up? wow i got to in on this
You questioned my style and trading ability.

I feel i have humbled you somewhat with my cable trade because the way i caught that entry and knew it would go up, will have people like you thinking I have access to inside information lol. When really it comes down to knowing what's driving the market.

What do you class as news?
  • #308
  • Apr 16, 2018 6:00pm Apr 16, 2018 6:00pm
Quoting Samson85
{quote} How is that gambling? You clearly don't even know how it works. Whenever an interest rate release happens they always provide a statement. Let's say they keep rates on hold but the statement says thr economy is doing well and inflation is picking up which will lead to near term hikes then the market will buy. It's so simple but you have to understand the language and the fundamental outlook. If poloz goes to speak at an event next week. 1 minute before he speaks the pretext will be available and as soon as traders read it they react. This...
Look son I've been reading these statements since you were in diapers and fully understand things that are far beyond your world.

Look at the bright side. I am drumming up lots of interest in this useless thread. Soon you will have that coveted red diamond. Your words will instantly be infallible, people will know 100% that Samson knows what he is talking about.

Soon newbs all across the globe will be purchasing Muppetsquawk. Then they will have the BOC statement read to them. Then in the midst of 100s of millions dollars changing hands in seconds, while marker makers manipulate the price by filling their orders to their own advantage, they will "click" that button and be right 100% of the time because after all, the real course of price action will be determined literally seconds after the statement come out. Let me just say, HAHAHAHA.

Thanks for the free entertainment.
Pride always comes before destruction.... -Proverbs 16:18
  • #309
  • Apr 16, 2018 6:00pm Apr 16, 2018 6:00pm
Quoting Samson85
{quote} Please watch this mini documentary of a successul day trader who trades a similar way to I do (only 17 minute lomg) You will see him make money in a very good way. Please come back to me with feedback on it as it will be much appreciated. https://youtu.be/lSKT6o3gpo0
OMG THAT is the WOSRT TRADER in the world. Seriously come on please don't Tell me you think he is good.
  • #310
  • Apr 16, 2018 6:04pm Apr 16, 2018 6:04pm
Quoting Samson85
{quote} Please watch this mini documentary of a successul day trader who trades a similar way to I do (only 17 minute lomg) You will see him make money in a very good way. Please come back to me with feedback on it as it will be much appreciated. https://youtu.be/lSKT6o3gpo0
bro,
why do you think he is successful trader?
  • #311
  • Apr 16, 2018 6:07pm Apr 16, 2018 6:07pm
Quoting Samson85
{quote} You questioned my style and trading ability. I feel i have humbled you somewhat with my cable trade because the way i caught that entry and knew it would go up, will have people like you thinking I have access to inside information lol. When really it comes down to knowing what's driving the market. What do you class as news?
You seem very delighted your gbp trade. Makes me think this is rare for you have IU ng such a good entry. What you have to understand is I did 3 Technical trades on the euro last night. Each 2:1
Now let's be clear technical included correlated markets. THATS what driving my Market now/today not the possibility of good news in a week or good news that just happened.

Answer this question after high impact news does price always 100% go the direction of that outcome?
If yes then congrats you have a great strategy. But we all know it doesnt.

Banks have the greatest minds in the world working on fundamentals and algorithms to accumulate. You really believe your analysis or some small time companies analysis can compare?

The problem is ANALYSING the correlated markets is the same way so you wont understand. Sorry. But What you think is technical is rubbish Price Indicarors I am not using those. FxViper is a fraud. If you trade like him youll lose everything. 100 pip day trading drawdowns ffs. Yep he has an idea.
  • #312
  • Apr 16, 2018 6:07pm Apr 16, 2018 6:07pm
Quoting entheos
{quote} bro, why do you think he is successful trader?

That video was just an example of trading style but unfortunately that guy needs to improve his risk but last time I checked on myfxbook he still very much in profit.
  • #313
  • Apr 16, 2018 6:12pm Apr 16, 2018 6:12pm
Quoting MLeslie
{quote} You seem very delighted your gbp trade. Makes me think this is rare for you have IU ng such a good entry. What you have to understand is I did 3 Technical trades on the euro last night. Each 2:1 Now let's be clear technical included correlated markets. THATS what driving my Market now/today not the possibility of good news in a week or good news that just happened. Answer this question after high impact news does price always 100% go the direction of that outcome? If yes then congrats you have a great strategy. But we all know it doesnt....

You are dishing out more insults again by now saying it's rare lol.

This discussion with you is not constructive. You do not provide trade examples, chart work or real life time trades. I even showed how I pulled of my gbp/aud trade on Friday on this thread.

Why not provide some examples rather than just typing. It's so easy to talk and sound like a trader but when you have nothing to show it's quite embarrssing.

I
  • #314
  • Apr 16, 2018 6:16pm Apr 16, 2018 6:16pm
Quoting Samson85
{quote} That video was just an example of trading style but unfortunately that guy needs to improve his risk but last time I checked on myfxbook he still very much in profit.
They say myfxbook data can be messed with. In his case 100% it is. No way in hell does someone like that make money. He is a business man. He has clearly doctered results. He was Rich before trading and has used his money to make out he trades. Since then that YouTube guy has failed in his mission (big surprise) and has stopped posting.

Rubbish 100% rubbish trader
  • #315
  • Apr 16, 2018 6:16pm Apr 16, 2018 6:16pm
Attached Image (click to enlarge)
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Pride always comes before destruction.... -Proverbs 16:18
  • #316
  • Apr 16, 2018 6:20pm Apr 16, 2018 6:20pm
[quote=Expo33;10970623]{quote} Look son I've been reading these statements since you were in diapers and fully understand things that are far beyond your world. Look at the bright side. I am drumming up lots of interest in this useless thread. Soon you will have that coveted red diamond. Your words will instantly be infallible, people will know 100% that Samson knows what he is talking about. Soon newbs all across the globe will be purchasing Muppetsquawk. Then they will have the BOC statement read to them. Then in the midst of 100s of millions dollars changing hands in seconds, while marker makers manipulate the price by filling their orders to their own advantage, they will "click" that button and be right 100% of the time because after all, the real course of price action will be determined literally seconds after the statement come out. Let me just say, HAHAHAHA. Thanks for the free

Each to their own.

If you are making profit I am happy for you but my style works for me and many others so let's just buy and sell at the right time.

What I wont have is someone try to degrade a style which works and helps others make money.
  • #317
  • Apr 16, 2018 6:21pm Apr 16, 2018 6:21pm
Quoting Samson85
{quote} You are dishing out more insults again by now saying it's rare lol. This discussion with you is not constructive. You do not provide trade examples, chart work or real life time trades. I even showed how I pulled of my gbp/aud trade on Friday on this thread. Why not provide some examples rather than just typing. It's so easy to talk and sound like a trader but when yo u have nothing to show it's quite embarrssing. I
.

1. I don't mean to insult
2. I genuinely hope you succeed
3. I say rare because it is right? Stop being a baby and be honest forget feelings this is serious business you cannot fool yourself. What you did with gbp is standard trade and what you have to do 97/100. People don't get this. It's no good having a 60,70 or even 80% probability (winrate)

4. I will not be showing you the world my strategy because it is a business model to make.millions per year. Would you hand over IP to a successful business so that IP could possibly be jeopardised? No way

5. I'm posting to try to help but I see now that I cant really help.

6. Success to me is making millions per year and thats what you as a retailer can and should do.
BUT everyone's definition of success is different SO making 10% a year and struggling is still a pass Mark

7. Whoever reads this take away that PRICE INDICATORS are rubbish designed by Banks to take your money.

8. Without understanding techs what you do Samson is probably best next thing to be honest.
  • #318
  • Apr 16, 2018 6:21pm Apr 16, 2018 6:21pm
Quoting Expo33
{image}
Hahahahahahahah expo stop it lol.

Keep it professional mate.
  • #319
  • Apr 16, 2018 6:26pm Apr 16, 2018 6:26pm
Quoting MLeslie
{quote}. 1. I don't mean to insult 2. I genuinely hope you succeed 3. I say rare because it is right? Stop being a baby and be honest forget feelings this is serious business you cannot fool yourself. What you did with gbp is standard trade and what you have to do 97/100. People don't get this. It's no good having a 60,70 or even 80% probability (winrate) 4. I will not be showing you the world my strategy because it is a business model to make.millions per year. Would you hand over IP to a successful business so that IP could possibly be jeopardised?...

See this where you have failed with that quote.

The beautiul thing about trading is that ideally you want everyone to be trading in the same direction as you hence why the banks always provide what trades they are in weekly lol. one bank today jumped in on gbp/nzd they announced for example (think it was Barclays or citi).

Mate to keep talking and not posting any examples makes me think you could be a forex commentator.

Thanks for saying that gbp was a standard trade lol. I will be sure to post the next fundamental driving trade again and again

Lol who told you I don't understand tech? Please read Fridays gbp/aud trade in this thread lol and you'll see whether I understand techs or not.
  • #320
  • Apr 16, 2018 6:27pm Apr 16, 2018 6:27pm
You really have some haters lol

So what I got from the videos you kindly shared is:

1) Look for central banks statements, what they think about rates and what they are focused on (inflation, unemployment, etc)

2) Look for impact events coming related to whats stated above (GDP or Employment numbers).

3) 3.1 Trade the prediction (positive or negative sentiment) matching strong vs weak currency. So you trade into that particular event.

3.2 Trade based on the results from that data.

How far am I? Its really confusing not gonna lie, guess its normal

Thanks for the feedback.
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