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Beginner question: collection of biases from different sources

  • #1
  • First Post: Jul 12, 2018 9:04pm Jul 12, 2018 9:04pm
Kindly look at this fundamental page: https://www.fxstreet.com/rates-charts/eurusd/forecast

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It contains a list of:
- professional traders
- their arguments
- their bias like EUR/USD bullish

As I am new to fundamental trading, I can assume there must be more resources that better equip a trader to give an edge in the market. Could you please suggest any?

I am searching for a collection of biases on EUR/USD only.
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  • #2
  • Jul 12, 2018 11:17pm Jul 12, 2018 11:17pm
Just curious why you've started like 24 threads in the past 6 weeks. Seems a bit over the top.
Pride always comes before destruction.... -Proverbs 16:18
  • #3
  • Jul 13, 2018 2:57am Jul 13, 2018 2:57am
That page is the most useless trading tool I've seen in awhile. If you want fundamental analysis, you develop it yourself. Who's buying? Why are they buying? How much will they buy? When will they buy? What global events will likely take place? How will these develop in financial markets? Who knows more than you & what are THEY doing?

If you're looking for a bunch of irrelevant persons opinions than merely analyse this forum.

Good luck.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #4
  • Jul 13, 2018 4:42am Jul 13, 2018 4:42am
Quoting CannonScout
That page is the most useless trading tool I've seen in awhile. If you want fundamental analysis, you develop it yourself. Who's buying? Why are they buying? How much will they buy? When will they buy? What global events will likely take place? How will these develop in financial markets? Who knows more than you & what are THEY doing? If you're looking for a bunch of irrelevant persons opinions than merely analyse this forum. Good luck.
could you tell me what resources you use? Since recently I'm trying cot trading. Have you tried it as well
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  • #5
  • Jul 13, 2018 4:47am Jul 13, 2018 4:47am
Quoting Expo33
Just curious why you've started like 24 threads in the past 6 weeks. Seems a bit over the top.
my purpose lies in collecting trading data for my arsenal kit, edges, and resources
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  • #6
  • Jul 13, 2018 4:51am Jul 13, 2018 4:51am
Quoting michaellobry
{quote} my purpose lies in collecting trading data for my arsenal kit, edges, and resources
I see.
Pride always comes before destruction.... -Proverbs 16:18
  • #7
  • Jul 13, 2018 4:51am Jul 13, 2018 4:51am
One way to know when, what and in which direction SM is trading is trading cot reports. Are there any more ways?

Quoting CannonScout
That page is the most useless trading tool I've seen in awhile. If you want fundamental analysis, you develop it yourself. Who's buying? Why are they buying? How much will they buy? When will they buy? What global events will likely take place? How will these develop in financial markets? Who knows more than you & what are THEY doing? If you're looking for a bunch of irrelevant persons opinions than merely analyse this forum. Good luck.
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  • #8
  • Jul 13, 2018 6:11am Jul 13, 2018 6:11am
Tbh, the reasons for their forecasts seems abit unsubstantial. Short comments with no compelling support behind them.

I do see a potential to source for trade ideas thou. It just seems unlikely to happen often.
I look for value wherever it can be found
  • #9
  • Jul 13, 2018 6:32pm Jul 13, 2018 6:32pm
Quoting synicz
Tbh, the reasons for their forecasts seems abit unsubstantial. Short comments with no compelling support behind them. I do see a potential to source for trade ideas thou. It just seems unlikely to happen often.
I agree with your statement. The forecasters base their assumptions on standard indicators (moving averages, trendlines, patterns). I'm not sure how else they should forecast? Because if they would know datamining techniques and machine learning, then they'd probably only either sell their signals or work in a hedge fund, agreed? Maybe in the future forecasters will use adapting indicators from FS, assuming that gives an edge over traditional trading. How do you think the forecasters should trade (and thus base their analyses and support on)?
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  • #10
  • Jul 13, 2018 11:01pm Jul 13, 2018 11:01pm
Quoting michaellobry
{quote} I agree with your statement. The forecasters base their assumptions on standard indicators (moving averages, trendlines, patterns). I'm not sure how else they should forecast? Because if they would know datamining techniques and machine learning, then they'd probably only either sell their signals or work in a hedge fund, agreed? Maybe in the future forecasters will use adapting indicators from FS, assuming that gives an edge over traditional trading. How do you think the forecasters should trade (and thus base their analyses and support...
For one giving a point estimate based simply on support/resistence/MA cross etc is sub-par work.

Im not saying that these forecasters arent any good. But im saying that based on the kind of reasoning they gave is really insufficient to support a bias.

Im not an expert but i do view that proper reasoning will cover the economical and political aspects of a country. Probably weighing various scenarios and their most likely outcomes against each other.
I look for value wherever it can be found
  • #11
  • Jul 14, 2018 12:32am Jul 14, 2018 12:32am
True, not only does economical and political aspects move the market, it also gives traders an edge when trading in the economic direction (main trend). With the tons of fundamental analyses published daily, there might be a similar website (like in the first post) focused on a fundamental outlook (instead of technically based). I have not found it yet.
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  • #12
  • Jul 14, 2018 2:08am Jul 14, 2018 2:08am
Here is a page for EURUSD only: Link
also this: Link
and here is a fast way of looking at charts: Link

Have a good reading.
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  • #13
  • Edited 2:56am Jul 15, 2018 2:41am | Edited 2:56am
Quoting Js3mwtRc
Here is a page for EURUSD only: Link also this: Link and here is a fast way of looking at charts: Link Have a good reading.
Thank you. I'll give you my new list:

1. https://www.tradingview.com/symbols/EURUSD
2. https://www.tradingview.com/ideas
3. https://www.fxstreet.com/rates-charts/eurusd
4. https://www.dailyfx.com/forecasts
5. https://forex-station.com/viewtopic....2669&start=170
6. https://www.dailyfx.com/analyst-picks
7. http://www.forextips.com/technical-analysis/eurusd
8. https://www.fxstreet.com/rates-charts/indicators
9. https://www.poundsterlinglive.com/eurusd
10. https://www.actionforex.com/category...urusd-outlook/


Any more websites to suggest or recommend for EUR/USD trading?
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  • #14
  • Last Post: Edited 3:12am Jul 16, 2018 2:58am | Edited 3:12am
Quoting michaellobry
{quote} Thank you. I'll give you my new list: 1. https://www.tradingview.com/symbols/EURUSD 2. https://www.tradingview.com/ideas 3. https://www.fxstreet.com/rates-charts/eurusd 4. https://www.dailyfx.com/forecasts 5. https://forex-station.com/viewtopic....2669&start=170 6. https://www.dailyfx.com/analyst-picks 7. http://www.forextips.com/technical-analysis/eurusd 8. https://www.fxstreet.com/rates-charts/indicators 9. https://www.poundsterlinglive.com/eurusd...
You are welcome, I will take a look at forextips. I also read daily fx and the faster way to learn all about EURUSD is this page: Link it has all the info in one place. Thanks too!

Edit: this is interesting: Link it shows the forecast for this Month and for every Month from 2018 to 2022. I dont think it is good, but this Month the EUR will close at 1.1830. It is updating every day.
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