Disliked{quote} so what is this (Fundamental Trading Always beats Technical Trading 100%) 100%?Ignored
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
Disliked{quote} so what is this (Fundamental Trading Always beats Technical Trading 100%) 100%?Ignored
Disliked{quote} If you look on this thread you will see all the trades posted from start to finish with the entry. The same applies to other fundamental traders who show trades from start to finish on here. Also go and look at Fader123 who has a similar style and you'll see results. Forexin101 also shows his trades on this thread. Go through the pages and you'll see winning trades and a few losses. There are numerous trades which were posted here last week and the week before all showing point of entry and close. Thank you!!Ignored
DislikedHi Samson85, I agree with bojack34. Some people cant even read and want to be a trader. This jben guy states "where is your 100% winning result" . what a joke. Just do it like Davit in the pivot trading thread and remove people consequently. It does not matter how many people are ultimately reading and writing on this thread..quality of posts is what counts.Ignored
Disliked{quote} I decided to take a short on cable as the uptrend got rejected on the 23.6% fibanachi level (Yes I do technicals). The target is currently set for the s1 pivot but I may let it run until the fed meeting. Barclays did say they expected weak dollar selling so that is why I was cautious to take any trades today, but as proved again even the big banks can be wrong. Dollar sentiment still seems to be strong. I also have long positions in USD/CAD & USD/JPY which I am watching very carefully. {image}Ignored
Just for clarity: They wrote about "Trends" and not some outspaced technical strategies which are just silly.
The funny Thing is that it is not so easy to differ between fundamental and technical, but this is another topic. I admit that a lot of People who are using the technical view don't understand what they do. They don't understand the assumptions, which have to be made.
They don't understand the difference between correlation and causality.
--> https://en.wikipedia.org/wiki/Correlation_does_not_imply_causation
My recommendations:
For my own study I would like to know who gonna buy/read these books.
Disliked{quote} 100 points hit on cable Target now 136 but may take profit at s3 I also went short gbp/aud. I also shorted before the release gbp/nzd (Small risk good reward). The key fundamental was bad weather from UK last month which made PMI bad {image} {image} {image}Ignored
DislikedIt is absolutely amazing. The thread is called "Fundamental Trading Always beats Technical Trading 100%" ...why is it that people assume that entries are solely based on fundamentals? Where does it say that? Nowhere! What it ultimately means is that an effing 200 day moving average or a support resistance zone means jackshit when the fed decides to raise interest rates. They dont do this based on a bloody moving average, they do this based on economic indicators they track themselves. Just because the thread is called like that does not mean however...Ignored
Disliked{quote} I closed out these positions for profit, there was an error on my side. When trading exotic pairs like gbp/aud or gbp/nzd on risk events they move quite rapidly. Now although I closed the total positions in profit I should have been aware that PMI & retail sales always retraces (traders never hold these gains). The only reason it has not retraced on GBP/USD is because of the strong dollar. If you look at the other GBP pairs since pmi you will see stronger retracements. I also did not use the fibanachi as well, as all i saw was ££££ ...Ignored
Disliked{quote} I agree with you on that approach as the same style fundamentally to stocks is similar to currencies. I think with IG when trading stocks you get to see the companies balance sheet etc which gives you a good idea of whether it has long term momentum shorting or going long but of course ground breaking news like a merger for example could also shape the direction.Ignored