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Fundamental Trading Always beats Technical Trading 100%

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  • Post #1,401
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  • Sep 19, 2018 5:00am Sep 19, 2018 5:00am
  •  Samson85
  • | Membership Revoked | Joined Jun 2017 | 1,576 Posts
Quoting Samson85
Disliked
Took a trade on cable this morning as the PM said the deal was basically done for one aspect of brexit. The trade was also supported by a positive cpi {image}
Ignored
People are shorting off the trendline right now
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  • Post #1,402
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  • Sep 19, 2018 5:03am Sep 19, 2018 5:03am
  •  Samson85
  • | Membership Revoked | Joined Jun 2017 | 1,576 Posts
Quoting RondaRousey
Disliked
Anyone one been shorting USDSEK, USDRUB, USDTHB? If not, you are a noob and don't know it
Ignored
I would not agree on EUR/SEK though. That pair is a bit tricky as the central bank members all have different views. Also lets see if they actually hike!!
  • Post #1,403
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  • Sep 19, 2018 8:32am Sep 19, 2018 8:32am
  •  Fml
  • | Joined May 2018 | Status: Member | 194 Posts
To bring things back relative to the thread title it would be too cavalier to believe that fundamentals always beat the tech.

Look at GBPUSD, great CPI numbers across the board and it's down nicely. Blame it on Brexit BS??

Do the obvious and you're gonna get toasted... Seen it countless times
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  • Post #1,404
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  • Sep 19, 2018 9:14am Sep 19, 2018 9:14am
  •  Samson85
  • | Membership Revoked | Joined Jun 2017 | 1,576 Posts
Quoting Fml
Disliked
To bring things back relative to the thread title it would be too cavalier to believe that fundamentals always beat the tech. Look at GBPUSD, great CPI numbers across the board and it's down nicely. Blame it on Brexit BS?? Do the obvious and you're gonna get toasted... Seen it countless times
Ignored
But the fact is that it went down due to the long term fundamental which is brexit!! Yes traders used a technical entry too short it there was a reason behind the short!!! Not just because the RSI told them to!!!
  • Post #1,405
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  • Sep 19, 2018 9:24am Sep 19, 2018 9:24am
  •  voketexpert
  • | Additional Username | Joined Aug 2018 | 549 Posts
Quoting SPeedFANat1c
Disliked
Any reason eu rising past 2 hours? Earliet looked no strenght, thought will turn around soon because of resistance of yesterdays close
Ignored
EU is fierce late. ready for surprise to pulback
Profit growth tells you the trader ability.
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  • Post #1,406
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  • Sep 19, 2018 9:52am Sep 19, 2018 9:52am
  •  Samson85
  • | Membership Revoked | Joined Jun 2017 | 1,576 Posts
Quoting Samson85
Disliked
The best way to not lose money in Forex is to not trade forex all the time and diversify your portfolio. Today I have managed to buy AMD a really hot stock with strong fundamentals on its trendline. Its one of the most bullish stocks on the market. {image}
Ignored

  1. Stopped out at market open on this trade!!!
  2. I also took a quick long in the Morning on USD/TRY which back fired on me!! Thats what I get for being greedy!!! Taking the trade without research cost me because the market is apparently pricing in a statement release for turkey tomorrow afternoon in relation to finances.
  3. Took a quick short on cable also but it fell too quick to 1.3100 as the big boys were expecting it but I got out for a very tiny loss.

  • Post #1,407
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  • Sep 19, 2018 9:59am Sep 19, 2018 9:59am
  •  Chenyan
  • | Joined Sep 2018 | Status: Junior Member | 2 Posts
It turned out that I only believed in EA, but it wasn't really a smart trade, and I spent years verifying my methods, and I'm proud of it.In the face of all the mature technology, all the risks are controllable, brave transactions, happy enjoyment
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  • Post #1,408
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  • Sep 19, 2018 12:02pm Sep 19, 2018 12:02pm
  •  Mzwandile93
  • Joined Jun 2016 | Status: Member | 273 Posts
Quoting Mzwandile93
Disliked
NZDUSD will be bullish for the next 11 trading days(USD will be weak against NZD) {image}
Ignored
NZDUSD still moving up as I predicted... next direction will be known around the 27th this month.
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Lord Forex
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  • Post #1,409
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  • Sep 19, 2018 1:39pm Sep 19, 2018 1:39pm
  •  Samson85
  • | Membership Revoked | Joined Jun 2017 | 1,576 Posts
Quoting Mzwandile93
Disliked
{quote} NZDUSD still moving up as I predicted... next direction will be known around the 27th this month. {image}
Ignored
This is a good trade as there was a rumour that their prime minister said the GDP Numbers looked good which she later denied so I'm guessing it will spike later tonight.
  • Post #1,410
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  • Edited Sep 20, 2018 4:43am Sep 19, 2018 2:05pm | Edited Sep 20, 2018 4:43am
  •  Mzwandile93
  • Joined Jun 2016 | Status: Member | 273 Posts
With GBP economic data looking good I think GBPAUD might bounce up from there.
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Lord Forex
  • Post #1,411
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  • Sep 19, 2018 4:05pm Sep 19, 2018 4:05pm
  •  Samson85
  • | Membership Revoked | Joined Jun 2017 | 1,576 Posts
Quoting Mzwandile93
Disliked
With GBP economic data looking good I think GBPAUD might bounce up from there. {image}
Ignored
Tricky but you need to make sure they don't sell tomrrow as brexit nonsense is weighing up the bullish theme
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  • Post #1,412
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  • Sep 19, 2018 6:49pm Sep 19, 2018 6:49pm
  •  Samson85
  • | Membership Revoked | Joined Jun 2017 | 1,576 Posts
Quoting Samson85
Disliked
{quote} This is a good trade as there was a rumour that their prime minister said the GDP Numbers looked good which she later denied so I'm guessing it will spike later tonight.
Ignored
See I was right lol
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  • Post #1,413
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  • Sep 20, 2018 2:18am Sep 20, 2018 2:18am
  •  Mzwandile93
  • Joined Jun 2016 | Status: Member | 273 Posts
Quoting Samson85
Disliked
{quote} Tricky but you need to make sure they don't sell tomrrow as brexit nonsense is weighing up the bullish theme
Ignored
What App is that ?
Lord Forex
  • Post #1,414
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  • Sep 20, 2018 3:39am Sep 20, 2018 3:39am
  •  Samson85
  • | Membership Revoked | Joined Jun 2017 | 1,576 Posts
Traded the CHF interest rate release. Chf is seen as overvalued to the market due to all the risk buying of the CHF.

Will take profit at 1.14 hopefully.
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  • Post #1,415
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  • Sep 20, 2018 4:06am Sep 20, 2018 4:06am
  •  Samson85
  • | Membership Revoked | Joined Jun 2017 | 1,576 Posts
EURNOK. Very very quick move.
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  • Post #1,416
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  • Sep 20, 2018 4:43am Sep 20, 2018 4:43am
  •  Mzwandile93
  • Joined Jun 2016 | Status: Member | 273 Posts
Quoting Mzwandile93
Disliked
With GBP economic data looking good I think GBPAUD might bounce up from there. {image}
Ignored
GBPAUD did bounce up from there and we had more positive GBP economic data today... we're on the way up.
Lord Forex
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  • Post #1,417
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  • Sep 20, 2018 3:24pm Sep 20, 2018 3:24pm
  •  SPeedFANat1c
  • | Joined Apr 2017 | Status: Member | 397 Posts
sick eurusd. After 2 pinbars I thought it will likely moved down. But my H1 trend follow strategy said to buy, so I bought For the first day its nice but what next? And not sure what is causing, did not follow news much, only todays calendar shows GBP retail sales are good, but are they really moving eur so much? Plus USD also released some good data, so I thoiught it will go down much, but even now it goes to new highs - wow. At this time usually it does not move much. And tomorow calendar shows not good forecasts for eur, for cad. Really surprising.

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Sadly past days where up and down and on H1 just losing money.

Reading some articles:

Quote
Disliked
and markets expect Fed’s likely rate hike next week to have negative impact on the greenback.
since when rate hike has negative impact?
https://www.fxstreet.com/analysis/eurusd-outlook-euro-rallies-almost-1-as-dollar-falls-across-the-board-201809201326
always everybody says that rate hike means strong curency.
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  • Post #1,418
  • Quote
  • Sep 20, 2018 3:41pm Sep 20, 2018 3:41pm
  •  RondaRousey
  • Joined Jan 2017 | Status: Member | 695 Posts
Quoting Botan626
Disliked
Anyone been buying Palladium in the previous couple of weeks? If not, you are a noob and don't know it.
Ignored
Good call on Palladium, it's going thru the roof. Missed this one.

I am a noob then

So much opportunities everywhere, if you know where to look

You came here for the truth and let me unveil it for you
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  • Post #1,419
  • Quote
  • Sep 20, 2018 4:25pm Sep 20, 2018 4:25pm
  •  Botan626
  • Joined Sep 2016 | Status: Member | 1,041 Posts | Online Now
Anyone's been buying Nikkei 225 in the previous days?

If not, you are a noob and don't know it.

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  • Post #1,420
  • Quote
  • Sep 21, 2018 5:42am Sep 21, 2018 5:42am
  •  Samson85
  • | Membership Revoked | Joined Jun 2017 | 1,576 Posts
Quoting RondaRousey
Disliked
Anyone's been buying NZD in the previous days? If not, you are a noob and don't know it.
Ignored
Easy Easy the page is not for joking around. If you don't stop I will block you!!!
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