Fundamental Trading Always beats Technical Trading 100% | Page 65 | Forex Factory

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  • #1,281
  • Sep 12, 2018 7:37am Sep 12, 2018 7:37am
Quoting OMGtrader
{quote} news was that Canada was ready to make concessions on dairy which appears to be the only lasting disagreements for a deal. Looking a deal is near and CAD likely to continue to strengthen. Any trade deal will also increase more likely hood of more rate increase by the BOC. Sitting at about 65% chance of 25bps hike next month... a deal will also put an December rate hike in play too.
Apparently that news on the dairy is not 100% certain but I agree it will increase the chance of a hike should a deal materialise. The UK morning session did not produce huge volume on CAD which left me sceptical to enquire.
  • #1,282
  • Sep 12, 2018 7:37am Sep 12, 2018 7:37am
NZDUSD will be bullish for the next 11 trading days(USD will be weak against NZD)
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Lord Forex
  • #1,283
  • Sep 12, 2018 9:35am Sep 12, 2018 9:35am
Quoting Samson85
Just gone short on usdcad as we had ground breaking news on nafta 12hours ago. I did see the 1st headline about trump saying it's going well but it seemed a repeated headline so ignored but it did do a delayed reaction. Stop is at 1.31 and target is 1.30 {image}
I reneter this trade for an 11 pip scalp as the Mexican economy minister said he expects a trade deal for cad. I rarely rarely eve scalp but I knew the sentiment so why not.
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  • #1,284
  • Sep 12, 2018 10:06am Sep 12, 2018 10:06am
Quoting Samson85
{quote} I reneter this trade for an 11 pip scalp as the Mexican economy minister said he expects a trade deal for cad. I rarely rarely eve scalp but I knew the sentiment so why not. {image}
report that the Mexican negotiator is heading to DC.. a good sign that a deal is on the way.
Trade what you see, not what you think!
  • #1,285
  • Sep 12, 2018 10:19am Sep 12, 2018 10:19am
Trade news. Us open trade talks with China and went long audjpy
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  • #1,286
  • Sep 12, 2018 10:24am Sep 12, 2018 10:24am
Quoting Mzwandile93
NZDUSD will be bullish for the next 11 trading days(USD will be weak against NZD) {image}
It's already going up.
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Lord Forex
  • #1,287
  • Sep 12, 2018 10:27am Sep 12, 2018 10:27am
Quoting Samson85
Trade news. Us open trade talks with China and went long audjpy {image}
ya.. saw that on the news feed...Likely risk on sentiment is back. Short safe havens... JPY/CHF/USD
Trade what you see, not what you think!
  • #1,288
  • Sep 12, 2018 10:32am Sep 12, 2018 10:32am
Quoting OMGtrader
{quote} ya.. saw that on the news feed...Likely risk on sentiment is back. Short safe havens... JPY/CHF/USD
Well this should kill the risk for a few days and also cad will fly now.
  • #1,289
  • Sep 12, 2018 2:51pm Sep 12, 2018 2:51pm
I closed my short position on USD/CAD after news from Reuters +64 pips.
  • #1,290
  • Sep 12, 2018 10:38pm Sep 12, 2018 10:38pm
Quoting Samson85
Trade news. Us open trade talks with China and went long audjpy {image}
Aid numbers did well over night to support the trade
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  • #1,291
  • Sep 12, 2018 10:43pm Sep 12, 2018 10:43pm
Quoting RoninFX
I closed my short position on USD/CAD after news from Reuters +64 pips.
Nice and good catch
  • #1,292
  • Sep 12, 2018 10:55pm Sep 12, 2018 10:55pm
How to get this ransquawk app?
  • #1,293
  • Sep 13, 2018 2:40am Sep 13, 2018 2:40am
What's up guys anyone tried the new ransquawk app for iPhone?
Also sampson is there any twitter feeds you follow that help? I get push notifications (an alert sent) for any forexlive tweet trump tweet or ransquawk tweet my phone is constantly dinging but if It has aloud me to catch some breaking news and exit/enter a trade while on the go and gives me a little peace of mind. Also nice to be able to review at the end of the day how certain "risk events" moved the market being able to see a change in direction on a pair at a certain time go back find the tweet and see what happend....
  • #1,294
  • Sep 13, 2018 3:50am Sep 13, 2018 3:50am
Shorted oil based on the following:

market is tightening up
The Brent price range of USD 70-80bbl seen since April could be tested
OPEC crude output stands at a 9-month high of 32.63mln bpd in Augus
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  • #1,295
  • Sep 13, 2018 5:48am Sep 13, 2018 5:48am
I have gone long trading into the pound interest rate release. My bias for the long is the majority of data has been positive and barnier said a brexit deal in 6 to 8 weeks. With that said it is rumoured that Carney had a no brexit meeting with May shoukd a deal not hit. I normally trade these when I hear the text on the squawk but my bias is too strong. Stop at 40 pips. Target is 1.31300 not far from r3 pivot
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  • #1,296
  • Sep 13, 2018 6:03am Sep 13, 2018 6:03am
I agree with the title. Fundamental brings easy way for me with various sources to predict. Technical is way too hard to predict and often loses more than wins in my personal experience.
  • #1,297
  • Sep 13, 2018 6:11am Sep 13, 2018 6:11am
Quoting Samson85
I have gone long trading into the pound interest rate release. My bias for the long is the majority of data has been positive and barnier said a brexit deal in 6 to 8 weeks. With that said it is rumoured that Carney had a no brexit meeting with May shoukd a deal not hit. I normally trade these when I hear the text on the squawk but my bias is too strong. Stop at 40 pips. Target is 1.31300 not far from r3 pivot {image}
Closed for a 6 pip loss. Brexit bad news seeing higher risks since august boe says . Luckily for me it was muted as Turkey hiked rates at the same time
  • #1,298
  • Sep 13, 2018 6:28am Sep 13, 2018 6:28am
Went long on usd/try right before interest rate.... market gapped my stop loss and resulted in my entire account being cleaned out and a negative balance 2,000.00 gone in 6 seconds emailing oanda now praying for relief
  • #1,299
  • Sep 13, 2018 6:36am Sep 13, 2018 6:36am
Quoting JTexclusive
Went long on usd/try right before interest rate.... market gapped my stop loss and resulted in my entire account being cleaned out and a negative balance 2,000.00 gone in 6 seconds emailing oanda now praying for relief

Why did you go long or even take a position knowing there was a chance of a hike?
  • #1,300
  • Sep 13, 2018 6:40am Sep 13, 2018 6:40am
Based on Erdogans comments earlier today about possibly lowering interest rates and high rates being the cause of the problems in turkey and his son in law heading the central bank. and I think the economy is in such shambles that no rate hike can save the lira. And I set a stop loss!
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