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Nordling's Legacy - Live Fundamental Trading
- #143
- Oct 20, 2021 10:30am Oct 20, 2021 10:30am
- Joined Apr 2021 | Status: Trader | 5,844 Posts
You have to have an IQ higher than 90 to interact with this user.
- #144
- Oct 20, 2021 10:36am Oct 20, 2021 10:36am
- Joined Apr 2021 | Status: Trader | 5,844 Posts
In 2020 May i signed up for Investopedia game and it went great. Here is my ranking: 2451th out of 9686 participants. That's how powerful understanding the cycles is. (Started with 100.000$)
You have to have an IQ higher than 90 to interact with this user.
- #145
- Oct 21, 2021 11:13am Oct 21, 2021 11:13am
- Joined Apr 2021 | Status: Trader | 5,844 Posts
You have to have an IQ higher than 90 to interact with this user.
- #146
- Oct 21, 2021 11:23am Oct 21, 2021 11:23am
- Joined Apr 2021 | Status: Trader | 5,844 Posts
I was in a hurry to find a new position and ended up shorting the EUR/SEK 
Two dovish cbs, let's see which one is going to win 
EUR/SEK Sell:
Two dovish cbs, let's see which one is going to win EUR/SEK Sell:
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- #148
- Edited 3:27pm Oct 27, 2021 2:42pm | Edited 3:27pm
- Joined Apr 2021 | Status: Trader | 5,844 Posts
You have to have an IQ higher than 90 to interact with this user.
- #149
- Oct 28, 2021 4:32am Oct 28, 2021 4:32am
- Joined Apr 2021 | Status: Trader | 5,844 Posts
Thoughts about the info pollution on Forex and other financial markets:
"The thing that people don't understand is, brokers want you to use indicators. Brokers and so called "gurus" make advertisements about how many indicators they have, they always talk about how important TA is, they even hire technical analysts to post TA analysis on their website on a daily, weekly basis. They make you believe indicators matter. And there's the so called "gurus" like Gann, Ralph Nelson Elliott, John Bollinger, Sam Seiden etc. who are/were just there to sell their books, indicators, courses.
And wait for it, the most funny thing is trading a Central Bank's currency and claiming that these banks "don't matter". You are playing with their money which is fully controlled by them It's like working at a factory but not paying attention to the boss. Believe me you can't work in that factory for too long."
-Nordling
"The thing that people don't understand is, brokers want you to use indicators. Brokers and so called "gurus" make advertisements about how many indicators they have, they always talk about how important TA is, they even hire technical analysts to post TA analysis on their website on a daily, weekly basis. They make you believe indicators matter. And there's the so called "gurus" like Gann, Ralph Nelson Elliott, John Bollinger, Sam Seiden etc. who are/were just there to sell their books, indicators, courses.
And wait for it, the most funny thing is trading a Central Bank's currency and claiming that these banks "don't matter". You are playing with their money which is fully controlled by them
It's like working at a factory but not paying attention to the boss. Believe me you can't work in that factory for too long."-Nordling
You have to have an IQ higher than 90 to interact with this user.
- #151
- Oct 28, 2021 7:48am Oct 28, 2021 7:48am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #153
- Oct 29, 2021 6:33am Oct 29, 2021 6:33am
- Joined Apr 2021 | Status: Trader | 5,844 Posts
You have to have an IQ higher than 90 to interact with this user.
- #154
- Oct 29, 2021 11:05am Oct 29, 2021 11:05am
- Joined Jun 2013 | Status: enjoying life | 23,866 Posts | Online Now
- #155
- Oct 29, 2021 12:30pm Oct 29, 2021 12:30pm
- Joined Apr 2021 | Status: Trader | 5,844 Posts
{quote} i wish to learn to trade eurusd from you from scratch, i wish to forget everything i did in the past, help me
Ask your questions, i am always here to help!
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- #156
- Oct 30, 2021 3:47pm Oct 30, 2021 3:47pm
- Joined Apr 2021 | Status: Trader | 5,844 Posts
Week Ahead with Nordling 
Next week will be a crazy one with RBA, FOMC and BoE meetings. Let me share my expectations from these meetings.
Let's start with the Reserve Bank of Australia (RBA):
Australian core inflation rate is now at 2.1% and the inflation target of RBA is between 2-3%. So we can safely say that inflation is not a big concern Australia. Unemployment rate currently stands at 4.6% which is even below the pre-pandemic level and considered as a natural unemployment rate. So with these numbers, i think RBA Monetary Decision will be a neutral and a quiet one.
FED (FOMC Meetings):
US core inflation stands at 4% which is double the FED's target. US unemployment came down to 4.8% which is considered as a natural unemployment rate. US GDP numbers came out lower than expected but it is still standing at 2% which is a good number overall. So that US Growth and Unemployment numbers are on target, it's time to deal with the inflation and start tapering. Hawkish FED is expected.
Bank of England (BoE):
UK Core inflation is 2.9% which quite high considering the target is 2%. It's definitely on the edge and concerning. UK unemployment is currently standing at 4.5% and it is natural. UK Growth rates came out very high standing at 5.5% right now, so we can easily say that with these numbers BoE can safely act on inflation. Hawkish BoE is expected. Probably an interest rate hike is coming this week. So i wouldn't recommend shorting the Pound against anything right now.
Next week will be a crazy one with RBA, FOMC and BoE meetings. Let me share my expectations from these meetings.
Let's start with the Reserve Bank of Australia (RBA):
Australian core inflation rate is now at 2.1% and the inflation target of RBA is between 2-3%. So we can safely say that inflation is not a big concern Australia. Unemployment rate currently stands at 4.6% which is even below the pre-pandemic level and considered as a natural unemployment rate. So with these numbers, i think RBA Monetary Decision will be a neutral and a quiet one.
FED (FOMC Meetings):
US core inflation stands at 4% which is double the FED's target. US unemployment came down to 4.8% which is considered as a natural unemployment rate. US GDP numbers came out lower than expected but it is still standing at 2% which is a good number overall. So that US Growth and Unemployment numbers are on target, it's time to deal with the inflation and start tapering. Hawkish FED is expected.
Bank of England (BoE):
UK Core inflation is 2.9% which quite high considering the target is 2%. It's definitely on the edge and concerning. UK unemployment is currently standing at 4.5% and it is natural. UK Growth rates came out very high standing at 5.5% right now, so we can easily say that with these numbers BoE can safely act on inflation. Hawkish BoE is expected. Probably an interest rate hike is coming this week. So i wouldn't recommend shorting the Pound against anything right now.
You have to have an IQ higher than 90 to interact with this user.
- #157
- Nov 1, 2021 10:51am Nov 1, 2021 10:51am
- Joined Apr 2021 | Status: Trader | 5,844 Posts
I was in a hurry to find a new position and ended up shorting the EUR/SEK
I keep getting better at this. When you skip classes to track your trades and study on why you failed & succeeded in your past trades, it's always worth it. Don't let school get in the way of your education
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- #159
- Nov 3, 2021 4:11pm Nov 3, 2021 4:11pm
- Joined Apr 2021 | Status: Trader | 5,844 Posts
Just stumbled upon your thread after reading your recent advice in the EUR/USD forum. Great insights, especially on the importance of fundamentals. I'd love to learn more, but I've got little direction in what I should be reading/studying...especially when most of the discussions here are purely TA. Do you have any pointers on how I can improve my understanding of fundamentals?
Unfortunately that's not all. You gotta keep eye on Central Bank speeches, meetings and you gotta interpret them right. And you should never forget that as traders we are never interested about if a central bank or government is doing right or wrong. I see lots of people criticising CBs' chairmans in this forum but that's not right. We are in this to make money. We don't care about what is right or wrong morally, we have no interest in correcting them. All we should do is analysing and interpreting what they have said. Nothing more or less.
Our job is to be opportunists, not idealists.
Also, you need to time your entries and exits right. That is the best risk management you can ever do for your account. Some use TA for that, i use news event dates for example.
Learning fundamentals will not just help you in Forex, you will also learn when to invest in stocks, real estate and crypto. Actually, it will also help you if you are running a business as well. I wouldn't open a shop during a contraction cycle for example
So when you learn fundamentals right, every dot about money and businesses will connect.
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{quote} Well, my fundamental knowledge comes from reading the books about macroeconomics. To open that up a bit, i would recommend learning about the business cycles, the inverse relationship of economy and currency value. Knowing these will help you which currencies are likely to appreciate or depreciate. Unfortunately that's not all. You gotta keep eye on Central Bank speeches, meetings and you gotta interpret them right. And you should never forget that as traders we are never interested about if a central bank or government is doing right or...
Thanks for the comprehensive answer, it's great to be properly oriented. I took a beating from this latest FOMC and I'm intent on learning from my mistakes (still holding my short on EUR/USD though LOL). Is it difficult jumping straight into macroeconomics without any prior economic/finance background?
Trying my best.