Trading news and sentiment

Asia data showing an improvement which should be well for risk sentiment. Monday's are normally quiet on the news front but not today. This morning is EU flash cpi and later in the day US retail sales and ISM PMI. I will be looking to trade on better or worse than expected with an good deviation. Should also be active on the other thread if i am not too busy today.

Thanks man! What do you think about brexit vote today, would there be volatility

If there is a significant majority in a softened path we could see strengthening and if its another white wash loss then i will be shorting gbpjpy. We have about 2 weeks left before no deal passes through so expect something significant 15 mins to midnight on this and when that happens, given that it represents a softer brexit, sterling long will be an obvious trade.

I'm looking to buy a truckload of EU if any of the two news favours long.

Be cautious with swissy

https://www.forexlive.com/centralban...ntial-20190401

Seems to be lots of support for customs union clauses in tonight's vote.

Just a note that i won't be active today or tomorrow ( business )

Sorry but why do you have 2 different threads and you're posting on both? Kind of confusing

One is pure fundamental trading (no technical analysis) and the other is with technicals.

Dollar is on a back footing this morning which is not really surprising given Friday's s data. While the job report was slightly better than expected, last report was only slightly revised up to 33 from 20 and the wage data showed a softening. Today we have no major news scheduled so will be on the other thread trading sentiment with technicals. I am also fairly busy with other things and will be the rest of the week so while I will have time to trade, I will have less time to post. Italy are going to be releasing a revised growth projection this week and it is rumoured to be much lower than previously forecast. This should keep the Euro in check at least until other news alters sentiment.

-greetings sir
i hope you are fine
i want to tell you something
for about 6 years i tried every technical analysis strategy to make a consistent living from the market and they all fail
i hope what you teaching us is the real deal
by the way here is my question
-are your strategy depends on
1-straddle the news pending orders ea
2-fade the spike sell after buy and vise versa
3-understand the reports a day before the news and take a decision for direction of a trade before the news and make the profitable move with news release
-can you recommend us a YouTube channel provide us with teaching on how we should make our decision for trading and pure fundamental live trades and how to think fundamental instead of all the 99% technical crap continent on all the internet
-by the way i started to read from forexlive good stuff but i am still dont know how i will use what i read before the news event because all is what come to my mind is forecast and i put my pending orders based on them
thank you in advance and god bless you sir

Hi
I have been lurking through posts and just wanted to say
Im a newbie but this thread is great
Props to you Ecotrader

Hello EcoTrader,

I found out that I can't PM you with my little request, so I am asking it here. Would you mind to recommend what books should I read and what courses should I take to improve my fundamental knowledge in order to improve my Trading performance. I love reading your views and insights about News, they are very easy to understand and thorough.I really want to achieve to the similar or close level like you. If you don't mind to help/direct/coach me on my Fundamental education, I will do/read whatever homework/assignment/book you give and advice me.

Look forward to your response!

Sincerely,
Wolfy.Trader

Hey everyone

Just to let you know I have reached out to Twee and will be switching over to a commercial account in the next couple of weeks. If you are wondering why. I spent a great deal of time searching for a fundamental analysis platform I can use for trading to make my life easier and it didn't exist, so I have been building my own. I am not selling trading education, indicators, or trade signals. I have spend the last couple of months building a platform that brings central bank analysis in one place. All their communication, policy, and focal points in addition to the following

 

1. Market overview tools including ccy heat map, cot reports, indices and commodities and 10 year yields.
2. Aggregated and filtered news by economy broken down into news and analysis from various feeds
3. Economic data for each economy in chart form
4. Central Bank dashboard based on policy
5. Statement differentials
6. Real-time economic releases with headline squawk and countdown alerts.

It has been a lot of work and I am building it to be as intuitive as possible with quick navigation to make daily analysis and research very easy. This site hasn't come free and I have had to incur costs for some of the tools and data so hence the commercial aspect.

To the Haters, Twee knows so you are just wasting your time reporting this.

what is your website's link?

I think you'll find he's left Forex Factory and has taken down his new website. It's a shame because what he was teaching was very good, but I believe lots of people abused his generosity

sad to hear that..i'm starting to get an interest on fundamentals since my technical's only base on probabilities..im looking for a way to understand the market and its sentiment, now that i found a way to start Ecotrader left the thread..so i think i need to find another way again..do you have any recommended lessons or course where i can learn how to digest economic news and fundamental analysis?

As for me, i think fundamental trading is what move the market and technical is what people don't actually understand...using and combining indicators do works actually but fail a lot of time and people tends to change their believe from one indicator to another but really they are for analysing the market to some depth not for decision making, example is rsi for overbought or oversold...do market really care about that?, have seen multiple pairs going 800 pips within 3 days and a friend of mind lose over $3000 in that market while i made like $6782.55, His mistake was that he was actually looking for overbought and oversold while the market was reacting to interest rate cut, i am not writing off indicators they actually work in some market conditions and the question is when?...if you use moving average cross during a ranging market then i bet you will lose a lot because it will not work. but if you use rsi or stoch during ranging market then you can make couple of pips which is fine, now the question still remain when will you know this is a ranging market or a trending market?...well the answer is it no one knows until it has been happening for a long time and if you enter the market from the end of a range or the end of a trend..you still lose.

Now lets talk about fundamental analysis...if we get better actual or worst for a currency news and the market turn away and give you loss what happen? example is the CAD retail sales..so what happen? the market sing another song..
Price action is the key to all market song, i do trade the news dont get me wrong i even like trading spike, but i have my ways i may trade it twice or three time in a month depending on my analysis ( i have my own ways which is i cant explain)... So my main point is please do away with most indicators but they are not useless, if you can combine with price action and not for making decision then its fine,

hi

I have left but do pop in here and there as a silent reader. Regarding the site yes it is offline. I did so for a for a number of reasons. Firstly I was offered an opportunity I couldn't refuse and it did take away the time I needed to maintain the site. Secondly, it was obvious that very few people were able to make progress understanding how to put it all together. This was the case even after providing documentation and blogs breaking it all down.

Time has moved on and I have taken a slightly different path with the site. I have wanted to automate trading for a long time but didn thave the nerve to get on with it. In my spare time which has been somewhat in short supply I discovered I can construct a unique index that charts out fundamentals. The process uses natural language processing to extract sentiment from central bank communication. Not to be confused with the standard library sentiment that comes with NLP libraries because these seem to think inflation for example is bad when in forex it is good. I built my own sentiment algo and have been building in other factors like economic data and eventually real-time news. Long story short, the site will be relaunched again (no timframe yet) and will be offering indices for major economies. there will be an api for developers and I am also going to be building meta trader and trading view indicators for it. The end result will be a technical representation of fundamentals which will be the bases of automating trading, or to be used by technical traders much like you'd use an rsi for example. I plan of having different flavours of indicators and each economy will have several dedicated indices. you should be able to pull up a divergence indicator (not the standard concept you are familiar with) and see the best pairings to make and what direction to trade. Exciting times lay ahead but much work to get done beforehand.

indices to be launced

fedindex
bocindex
rbaindex
bojindex
rbnzindex
ecbindex
boeindex

initially the constituents will be central bank communication and economic data. down the road they will additionally be weighted according to real-time news feeds. I am also thinking about indices for central banker speeches but that's not guaranteed yet.

so that's its, an update for those wondering. I am not returning to the forum it is just too distracting and full of special people that require special attention. I also think the mods are biased.

good trading to all and a happy new year.

here is a very basic Fedindex next to the dollar index that is yet to account for economic data. it is comprised of interest rates and central bank sentiment from their statements covering 19 years. when economic data is added which is currently being done it will be even more accurate. Also understand that the dollar index is a basket and this Fedindex isn't accounting for other economies. Once all economies are onboard we will see divergences and many trading opportunities. for those of you who struggle with fundamentals, this will be a very easy way to incorporate it into your trading without needing to understand it.

Yeah there's someone who create the same idea before but he is not active anymore, I try to ask him on facebook and he said that he now only using the concept and idea personally and not for public use anymore. Here's the thread link > https://www.forexfactory.com/showthread.php?t=500870