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My Fundamental / Sentiment analysis of Currencies

  • #41
  • Jun 5, 2018 5:07am Jun 5, 2018 5:07am
Thanks for the thread. Their are very few of us FA traders in Forex. I was a TA trader my first year & had significant losses. i am now a 80% FA trader. I have had some success since i switched to FA & have become profitable. I have invested My time & resources to come up with a profitable system. The most important paid news sources that I use are: Ransquawk & Reuters Eikon Xenith. Furthermore, I use all the Free services as well ie: ForexLive, Bloomberg, ForexCrunch, FXStreet, Forex Factory etc... My biggesst issue is Psychology & making that entry without hesitation. I am currently viewing Mark Douglas's training videos. Psychology is the key to this whole Market. i trade Only Main events on FF. I look forward to more posts & wish everyone Great Success with FA Trading.
  • #42
  • Edited 1:45pm Jun 5, 2018 11:56am | Edited 1:45pm
Quoting Italman
Thanks for the thread. Their are very few of us FA traders in Forex. I was a TA trader my first year & had significant losses. i am now a 80% FA trader. I have had some success since i switched to FA & have become profitable. I have invested My time & resources to come up with a profitable system. The most important paid news sources that I use are: Ransquawk & Reuters Eikon Xenith. Furthermore, I use all the Free services as well ie: ForexLive, Bloomberg, ForexCrunch, FXStreet, Forex Factory etc... My biggesst issue is Psychology & making that...
Welcome to the thread and yes - although i did not take the trades, After AUD rate statement that was dovish - AUD pairs started slowly going down - AUDCHF, AUDUSD, AUDJPY etc.... Charts tell the rest of the story.

After GBP Services PMI postive release, GBP went up, if we pair GBP with weak currencies (AUD - dovish rate statement; CAD - oil prices going down; NAFTA issues; Trump's Tariff and impact to CAD); JPY. Many many pips....

Fundamentals / Sentiment works!!!!! We need to do some ground work (identify the currencies that are fundamentally weak/strong and identify the current sentiment, pair the currencies - Weak with Strong and enter....

When we look at charts with price movement in the past - the charts do not tell us why the price moved. We can come up with as many theories but none of them hold in the long run if fundamentals and sentiment are ignored -
  • #43
  • Jun 5, 2018 3:53pm Jun 5, 2018 3:53pm
Well, one of the source on learning Fundamental Analysis is using apps.
Just simple search on Google Play or Apple Store:
Fundamental Analysis Forex

a list of apps free for use.
  • #44
  • Jun 11, 2018 5:53am Jun 11, 2018 5:53am
Thank you for this thread...Im starting to study Fundamental analysis to integrate on my trading....Keep sharing more please...and trading ideas how to apply fundamentals on trading...thanks again...
  • #45
  • Edited 5:38pm Jun 11, 2018 2:41pm | Edited 5:38pm
Quoting TraderRays
Thank you for this thread...Im starting to study Fundamental analysis to integrate on my trading....Keep sharing more please...and trading ideas how to apply fundamentals on trading...thanks again...
Welcome to the thread. One way to trade short term sentiment (soft sentiment) is :

You can match a currency that just had a bad result with a currency that is projected to have a much better result than previous value and trade it short term.
Similarly, You can match a currency that just had a good result with a currency that is projected to have a much worse result than previous value and trade it short term.

Short term sentiment does not last long - generally a session or two - you can plan accordingly to exit.

Look for entries on Fib retracement or split positions - enter one position at market and another at Fib retracement (61 or 78). You could exit just before next risk event as the outcome of the risk event can lead to the trade continuing in the direction / reverse / result in choppy markets.
  • #46
  • Jun 14, 2018 8:01am Jun 14, 2018 8:01am
thank you sir FundmntlTrde...
  • #47
  • Jul 19, 2018 6:30pm Jul 19, 2018 6:30pm
Quoting FundmntlTrde
Many of the JPY and CHF pairs opened with a gap upwards - potential change in sentiment ? "Risk Off" ----> "Risk On" ( The talks with North Korea are resuming - So the reason for "Risk Off" sentiment is changing - potentially !!! ) ? We will continue to observe the charts on all the JPY and CHF pairs and once market gives us the direction, can take action accordingly. We will not conclude yet - but will look for evidence - let Price movement confirm the hypothesis. On the technical side, i do find Pivot trading (using Monthly pivots) interesting....
One thing I'd like to add to the topic of risk-on/risk-off environments is that most of the time it's only JPY/CHF/USD that come to mind when those environments swap. While, AUD/NZD are also part of the game! But why is that the case?

When it comes to carry trading, it's only interest rates that matter the most. In this regard AUD/NZD are special because they have the highest interest rate among all other major currencies. JPY is also special because it's the least interest rate!

When every thing is OK and there's no systematic risk around, AUD/NZD attract the most attention and anyone willing to take a carry trade sells JPY to buy AUD/NZD! Doesn't ring a bell? Interestingly it's Japanese women who are interested in this type of deals most!

But what happens when the opposite is true? I mean when things are smelly. You tell me ...
If you can't measure it, you can't improve it!
  • #48
  • Aug 11, 2018 5:34am Aug 11, 2018 5:34am
I have just made a fundamental technical system to trade fundamentals.It should pick long term trends on fx related to currencies.It has made over 5,000 pips this year for me on gbpusd, eurusd, eur jpy and gbpjpy. Have fundamental analysis is good , but you need a system to trade.

https://www.forexfactory.com/showthread.php?t=805676
  • #49
  • Last Post: Aug 11, 2018 6:48am Aug 11, 2018 6:48am
Thanks for all the info nice one subscribed and keep learning
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