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Nordling's Legacy - Live Fundamental Trading

  • #21
  • Jun 22, 2021 8:34pm Jun 22, 2021 8:34pm
Quoting Techanalyst
{quote} ...If they are really day trading, there is no time really to post and share charts. Usually people will make a video and share what they did during the day.
You have a valid point!

And frankly, I am happy that our friend has made a rule not allowing scalping in this thread! It is music to my ears!
Learn from your mistakes and march on.
  • #22
  • Jun 23, 2021 12:37am Jun 23, 2021 12:37am
Quoting here2there
{quote} You have a valid point! And frankly, I am happy that our friend has made a rule not allowing scalping in this thread! It is music to my ears!
Ah that's exactly why i did not allow it Posting charts and trade ideas are cool, but i don't like people showing off in every 10 pip It just seems funny to me.
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  • #23
  • Edited 6:56am Jun 23, 2021 6:31am | Edited 6:56am
Quoting Techanalyst
{quote} HAHA good one. But this here, is fundamentals trading so most of us so far are longer term traders, so chatting can be done for a while. But the issue is most of the traders on FF claim they are "day traders/scalpers" but they are chatting and posting every minute. If they are really day trading, there is no time really to post and share charts. Usually people will make a video and share what they did during the day.
Hi Techanalyst

We trade together when scalping. Right now myself and ryuryu are trading live together and making some realy good pips.
We have time to chat, trade and post on forex factory because most of our trades last less than a few minutes, often under 30 seconds.
When I started this post, I saw a setup on EURUSD / GBPUSD / AUDUSD. Before I could finish this post I had closed them out for +0.08% increase in equity 80 seconds later. Target today is 0.50% increase in equity.
We are a different bleed of traders that only focuses on liquidity imbalances.

Sorry Nordling. I will hide back in the scalping channels and just read your thread.
Nice looking trades.

Cheers Rick

PS. Minimise this post if it disrupts this thread
Trading thin liquidity at the boundary of the charts
  • #24
  • Edited 7:03am Jun 23, 2021 6:50am | Edited 7:03am
Quoting nikosk0
i own a hardaware store and business is going shit similar shops here have the same issue this year the fall i see has not happened since 2012 when it was cut in half fed printed money and prices off the products went all up from 30% minimum up to 100% on metals i see this happening around the world investors are gonna take their money out since the retail world has no money to spend. money has lost its value. stock market is about to crash again in the coming weeks the way i see it. that is a bit of my fundamental analysis and the only kind of...
if price are going to be high and stock gona fall, means gold should be getting stronger being safe heaven and you should be buying GBP since $ will go weak, please guide me.
"Exchange of hands"
  • #25
  • Jun 23, 2021 7:37am Jun 23, 2021 7:37am
CAD retail numbers are negative. Probably because of e-online sales taking over.


"Retail e-commerce in Canada
On a seasonally adjusted basis, retail e-commerce fell 0.4% in April.
On an unadjusted basis, retail e-commerce sales were up 7.4% year over year to $4.0 billion in April, accounting for 7.0% of total retail trade. The share of e-sales out of total retail sales rose 0.4 percentage points in April."

But this fundamentals will not have much impact on currency.
  • #26
  • Jun 23, 2021 7:47am Jun 23, 2021 7:47am
Quoting RickM
{quote} Hi Techanalyst We trade together when scalping. Right now myself and ryuryu are trading live together and making some realy good pips. We have time to chat, trade and post on forex factory because most of our trades last less than a few minutes, often under 30 seconds. When I started this post, I saw a setup on EURUSD / GBPUSD / AUDUSD. Before I could finish this post I had closed them out for +0.08% increase in equity 80 seconds later. Target today is 0.50% increase in equity. We are a different bleed of traders that only focuses on liquidity...
Thank you for your kind words, nice attitude and your respect Rick. I appreciate it a lot

Yes this thread is not for scalping but i respect all kinds of traders, please don't get me wrong.

Best regards, Nordling.
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  • #27
  • Jun 23, 2021 8:01am Jun 23, 2021 8:01am
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  • #28
  • Jun 23, 2021 8:23am Jun 23, 2021 8:23am
Quoting Techanalyst
{image}{image}{image} {image}
Interesting view, it makes sense and it also aligns with the current bullish movement on GBP/JPY. That looks really on point. I will pay more attention to GBP/JPY's situation after seeing this. Thanks for the enlightening info!
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  • #29
  • Jun 23, 2021 9:23am Jun 23, 2021 9:23am
I noticed your thread got moved to Trading Journals, which means it is less likely to be seen by most active FF members.

I believe this happened because of the title of the thread. The thread title sounds personal. It probably would have been better to use the following title: Let's Trade Fundamentals!

If you want to start up another thread, feel free to use my recommended title above. It's less likely to be moved to Trading Journals.
Learn from your mistakes and march on.
  • #30
  • Jun 23, 2021 9:30am Jun 23, 2021 9:30am
Quoting here2there
I noticed your thread got moved to Trading Journals, which means it is less likely to be seen by most active FF members. I believe this happened because of the title of the thread. The thread title sounds personal. It probably would have been better to use the following title: Let's Trade Fundamentals! If you want to start up another thread, feel free to use my recommended title above. It's less likely to be moved to Trading Journals.
But that is the the good thing about it, we don't want to attract too much attention. Than it becomes a chaos like EURUSD thread became. Keep it on the down low. Those who want to learn this type of trading, they can search for it and they will find it. At least that is my opinion.
  • #31
  • Jun 23, 2021 9:42am Jun 23, 2021 9:42am
Quoting here2there
I noticed your thread got moved to Trading Journals, which means it is less likely to be seen by most active FF members. I believe this happened because of the title of the thread. The thread title sounds personal. It probably would have been better to use the following title: Let's Trade Fundamentals! If you want to start up another thread, feel free to use my recommended title above. It's less likely to be moved to Trading Journals.
Great suggestion buddy! I will consider that, let's see what happens in the coming days. A part of me wants this thread to be a crowded one. Well another part of me wants to keep a low profile like Techanalyst said. You know when it get's crowded, it will become hard to keep this place "high quality"

I will think about your valuable advice, let's see how things gonna play out. Thanks buddy!
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  • #32
  • Jun 23, 2021 9:53am Jun 23, 2021 9:53am
Quoting Nordling00
5. No HFT and Scalping. Sorry guys.
Whyyyyyyyy??? Noooooooooo!

Why you hate scalpers?
Attached Image (click to enlarge)
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Observer effect
  • #33
  • Jun 23, 2021 10:20am Jun 23, 2021 10:20am
Quoting ryuryu
{quote} Whyyyyyyyy??? Noooooooooo! Why you hate scalpers? {image}
We are here to trade based on fundamentals and longer timeframes. That's why HFT and Scalping is not allowed in this thread. Types of traders can vary. We don't hate scalpers.
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  • #34
  • Jun 23, 2021 10:55am Jun 23, 2021 10:55am
Interesting Commentary!

"According to the latest CFTC data, speculators had increased their net short positioning in the US Dollar heading into the Federal Reserve meeting as bearish bets grew by $1.16bln. In turn, with market positioning caught out by the surprise hawkish FOMC dot plots, particularly in leveraged funds (fast money accounts), this in part explains the sizeable appreciation in the USD. Therefore, as the Federal Reserve begins talking about normalising policy, the currency can be expected to perform well against low yielding currencies (EUR, CHF) and those where central banks have yet to signal normalisation."
Justin McQueen
Source: HERE
Learn from your mistakes and march on.
  • #35
  • Jun 23, 2021 11:19am Jun 23, 2021 11:19am
Quoting Nordling00
{quote} We are here to trade based on fundamentals and longer timeframes. That's why HFT and Scalping is not allowed in this thread. Types of traders can vary. We don't hate scalpers.
I have fundamental insight that the price moves up and down. It is fundamental statement, isn't it?!
Observer effect
  • #36
  • Edited 2:41pm Jun 23, 2021 11:29am | Edited 2:41pm
Quoting ryuryu
{quote} I have fundamental insight that the price moves up and down. It is fundamental statement, isn't it?!
Stop stretching it, and share your fundamentals and apply it into technicals. This thread is strictly for longer term trading. If you are a scalper/day trader, this thread is not for you.

FUNDAMENTALS 80% and TECHNICALS 20%.
  • #37
  • Jun 23, 2021 11:56am Jun 23, 2021 11:56am
Quoting bilal1947
{quote} if price are going to be high and stock gona fall, means gold should be getting stronger being safe heaven and you should be buying GBP since $ will go weak, please guide me.
hey mate. i cant comment fundamentals on the currencies since i dont get'em. currencies i trade purelly technicals

i'll explain my logic (false or not remains to be seen)
goverments around the world either printed money or gave away money
that led to money been devaluated.
the devaluation can be seen by the rise in price of commodities (steel, cooper, industrial metals, even edible oil doubled in price)
also, at some point the goverments around the world will need to get that money back from the people
so the world in order to pay to live or his debts will need to get his savings or investings out of the market.
that leads me to the conclusion that the stocks will fall
my previous post was about why the stocks will fall in the coming weeks

the commodities that i watch (that being steel and cooper because of my work) have technically broken out of a multiyear range. the middle of that range will become the bottom of the new norm.

ps. thats just me thinking out loud, do not trade based on my thoughts.
offering my system to copy trade. check my link
  • #38
  • Jun 23, 2021 12:23pm Jun 23, 2021 12:23pm
Quoting ryuryu
{quote} I have fundamental insight that the price moves up and down. It is fundamental statement, isn't it?!
Fundamentals mean macroeconomics. We trade under the light of science. You look like you are here to pollute this thread since you are curving the words and spinning the verbs. Trolling is not allowed in this thread. You will be the first one to go in my ignore list. Bye.
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  • #39
  • Jun 23, 2021 1:54pm Jun 23, 2021 1:54pm
Hello..
saw your thread discussing fundamentals, this was very interesting to me, by the way.. do you still remember the Japanese tsunami disaster in 2011, when most economists predicted that jpy would fall, but it turned out that jpy strengthened after that, what do you think about that?

regards

SF
  • #40
  • Jun 23, 2021 2:38pm Jun 23, 2021 2:38pm
Quoting snowflower
Hello.. saw your thread discussing fundamentals, this was very interesting to me, by the way.. do you still remember the Japanese tsunami disaster in 2011, when most economists predicted that jpy would fall, but it turned out that jpy strengthened after that, what do you think about that? regards SF
Japanese insurers and companies exchanged their foreign currency for yen to pay for the damage and more demand means price goes up . The second reason may be what is called carry trade. Japan had such low interest rates that it made sense to borrow money in Japan, and invest it elsewhere which entails selling the yen and buying the foreign currency where the investment is. Investors may have decided to bail out of that investment strategy, causing the money to be converted back into yen.
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