Macro & Market Developments, Discussion & Analysis
Shifts in the macro environment affects literally every asset class. Whether the link is obvious (E.g Oil price affects CAD) or seemingly unrelated (E.g Development in Europe affects USD).
It would be good to have a thread to update, discuss and analyze any macro developments. These information would be very useful to all traders.
Regardless of whether you are a pure TA or FA, Intraday or Swing. Successful traders needs an edge. The more edge we have, the better!
How Traders Can Benefit
The information and insights generated on this thread will give you more edge in the following ways:
- Tell you when to stay out of the markets
- Verify and Strengthen conviction on trade signals
- Help you generate new trade signals and ideas
- Learn and understand the markets quicker than reading books and web articles
Why I Started This Thread
I first started trading around end 2016 to early 2017. Made classic newbie mistakes and suffered huge losses. Changed my trading style, suffered huge losses again. Created a whole trading plan - that worked for awhile, eventually ended up with huge losses.
Decided to take some time away from actual trading to study the markets. Came up with what seemed like a solid trading plan. Implemented it in 2018. It worked better than before.
However, I took a big hit around July/August 2018 due to trade war devopments which I kindly ignored (check out that huge drop in my TE). That was when I realised that macro developments have a REAL impact on our trading. Ignoring it would be like standing in a burning building and ignoring the smoke, just because you can't see fire doesn't mean the building is not burning!
I created this thread as a way to complement your current trading strategy, not to replace it. The insights generated from this thread can be used with any trading strategy and style! That is the beauty of it.
I welcome everyone to participate!