Nordling's Legacy - Live Fundamental Trading

I am sorry that Techanalyst left this forum. He was clearly one of the best traders here. Looking at his TE, Forex Factory lost a very good, experienced trader. I am sure he will continue killing it and i am sure FF will miss him.

If you are reading this buddy, you are the best trader i have ever met in Forex Factory, your have left a great legacy behind you. Thank you for your contributions to this forum, and to this thread. Wishing you all the best!

Created another TE, this time everything is visible and 100% transparent.

https://www.myfxbook.com/members/Nor...plorer/9447980

I don't ever give up.

New account, new trades. I am late to the party, but still there are profits to collect from these positions.

EURUSD short:


GBPUSD long:


EURGBP short:

Last week marked my 6 month trading live officially. I want to share my live account's growth here as a way to motivate myself to study harder and do even better. My risk appetite is still small, but I'm hoping to improve this as I gain even more consistency in my trading. Thanks to the traders here to helped me learn by sharing their educational resources

It's been a long time since i posted here. This time i will talk about my investments rather than trading.

Today i sold my flat, for 47k dollars. I also made my parents sell their flat and their gold. I made them sell their gold from 1840$ per ounce. You probably wonder why am i writing this here. Today is the day that i officially started creating a wealth. The starting capital is around 100k dollars.

The point is, Turkey is still in an inflationary cycle. Prices are going up. Erdogan refuses to hike rates. But next elections are 11 months ahead. Majority of polls indicate that Erdogan will lose, and the opposition will become the new government. That means Turkey will go back to orthodox economic policies. Massive rate hikes to deal with these massive inflation numbers. It is not that far away. Until then i will invest this money in USD. Just before the elections i will convert them to Turkish Liras, because Lira will appreciate if Erdogan loses. When the new government comes in power, they will start hiking the rates and i will put all this money into the bank to earn interest. If my calculations and expectations come true, total net worth of my family will be 1 million dollars after this 2 year period. That means each of us will get 250k dollars. So i will have 250k in the bank when i am 23-24 years old. Not a filthy rich life but definitely a solid start for a young guy, especially in a country like Turkey.

This post will stay here as the starting step. 2 August 2022 is when the journey has started. The journey to making my first million dollars.

Like i said, i don't ever give up. Came back stronger than ever as always

https://www.myfxbook.com/members/Nor...plorer/9447980

1k profit? Yes sir

Decided to share this to commemorate this milestone; my first 100% (and hopefully the first of many). I started a live account in October 2021 after a few weeks of babypips and busting 4 demo accounts across several months of practice. Not many words can express my happiness and pride right now. I know that I still have a really long way to go, so every day I try to squeeze in time to study economics and finance. There's still an uphill climb when it comes to understanding fundamentals, but now with this kind of record, I can confidently say that I'm becoming a decent trader with the help of my mates here on FF. Thanks to all those who continue to help me on this journey

Here's to more education/knowledge

Congratulations man That's a big milestone for every trader. What makes it better is that consistency though Very good job on being a successful but also a consistent trader You will definitely become a legend.

Keep up the good work!

I'm so grateful to you mate! Really, you've been so generous with sharing your knowledge I don't want to get too excited though haha, afterall my account is only 11 months old. I'm sure now though that I'm on the right path, and I'm determined to study more to make trading a proper side hustle.

I should be, the reason i came to this forum was building and sharing an helpful work so that i could leave legacy behind me. Life is short and we all want to be remembered. Some do guru stuff for money etc. but I don't want money nor want to be called a guru. I just want to be remembered as a brother to all the retail traders from all around the world. My ultimate goal is creating a legacy that can live longer than me. And it makes me so happy that i was able to help you out buddy You and everyone are always welcome.

Btw i can see your hunger for information and for success. You are definitely on the right path, both trading wise and mentality wise. Things can change, the rules of the game can change. But with this mentality you will always be able to keep yourself updated. So i have no doubts that you will stay as a winner in all aspects of life.

Wells Fargo - Weekly Economic & Financial Commentary (bluematrix.com)

Selling SPX500 for now as it will go lower, stocks are going lower, they are in risk off environment for now.

Lots of news coming this week, will be looking at jpy, chf and usd. Unless major surprise from BOJ, i will be only looking to sell JPY.

Rates_template_EN.pub - Publisher (rbc.com)

Central Bank's Credibility Is On The Line | Brent Donnelly - YouTube

Fascinating interview, mate! Thanks for sharing this. How long have you been trading?

Good Evening, Nordling. I hope you are doing well, sir.

just curious:

Can you recommend any websites for forecasts?

As per TechAnalyst's posts I have reviewed:

https://www.rbccm.com/assets/rbccm/d...eport-card.pdf
https://think.ing.com/forecasts/
https://tradingeconomics.com/currencies (then click "forecasts")

And others (ones he never mentioned, but that I googled myself):

https://coincodex.com/forex/
https://30rates.com/

.. Except, at times, they will give conflicting forecasts. For example, one website will say GBPAUD Q2 1.02, and a different website will say GBPAUD Q2 2.08.

Are there any websites you recommend for forecasts, and can you provide an opinion on this matter?

0: Introducing myself...

I first started learning about Forex trading on November 16th of 2020. I began the journey with the Dukascopy Webinars, moving onto No Nonsense Forex in January, pouring over all the videos, taking notes, demo trading, and eventually going live with my own personal capital in February. Fast forward to December of 2021 when I signed up for my first 5%ers challenge. The first trade I entered bumped my account up 1.5%, and from the closure of that trade I was hooked. NNFX really brainwashed me into believing that algo trading was the way to go. My chart was covered in indicators, and my whole life revolved around moving averages, basically. Unfortunately, I began a tug of war with the market that spanned across three more challenges (never passing a single one, but never blowing an account either, on all three I ran out of time). Finally, in February of 2024, I was at the end of my rope, and close to ending yet another challenge, this time within 82 cents of blowing my account. I didnt know where to turn to, but another youtuber I watch (and didnt understand the concepts at the time) posted a video about Supply and Demand. From there I began learning about supply and demand, which led me to try to figure out who Sam Seiden was, which led me to the Forex Factory forums (this page specifically: https://www.forexfactory.com/thread/...es-down?page=7), and then to TechAnalysts posts. I saw a whole bunch of the tissue box posts he made in the EURUSD forum, which led me to investigate all of his posts. After many hours long sessions of reading his posts, I began to slightly grasp the concepts he was teaching, and my curiosity about fundamentals was ignited. It took weeks and many hours of reading his posts, digesting everything he said, and reviewing the websites and charts that he provided to quit my denial and admit to myself that i was indeed flipping a coin and to some degree (maybe this is the denial speaking again): I was gambling. After forward testing trading with my best ability to identify S&D zones, use the COT reports, and review the fundamentals of Interest Rates, Inflation, GDP and sentiment (thank you tradingeconomics.com), I have found that ive seen more profit with this method than any other method ive tried so far. I am here asking questions in hopes that I can improve my trading and continue my journey. Up to this point, trading forex has been a wild, fun and one of a kind type of ride.

1. Attachments included and recommended reading

1A. using AI (iask.ai) ive also compiled this short list of economic indicators, and I would appreciate any and all feedback regarding the strength of the information. I would also appreciate any opinions regarding this information, including corrections, additions and subtractions as you see fit.

1B. I did read this book from cover to cover and found some interesting information in it, I am leaving it here in hopes that a seasoned fundamentals trader can provide their opinion on this book, for the sake of conversation, and also for the sake of gaining more insight on what the book got right, and what it missed. The book is "Forex Fundamental Analysis - The Essence of Trading" by David Carli [ISBN 13: 979-8353325147]

1C: Karen Foo also released a book called "Fundamentals Of Currency Trading" [ISBN 13: 979-8798570287]. I found two more economic indicators not aforementioned in David Carli's book. She did also briefly touch on Money Supply, which I found interesting.

1D: I did a little snooping onto MoonDoggies profile (sorry) and saw that he recommended the book: "Macroeconomics, Global Edition: Policy and Practice" I acknowledge this, and will take it a step further and I wonder if the book "Economics of Money, Banking and Financial Markets" by the same author (Frederic S. Mishkin) should be on my reading list or not.

2: Nordling, I hope it doesnt offend you to address TechAnalyst in your thread, but TechAnalyst, if youre out there somewhere reading this, or if someone can forward this message to you, I want to say with everything I have: Thank you.

3: I look forward to getting to know, and learning from the regulars of this thread.

Heyy nice to meet you mate! Welcome to the thread and to the ForexFactory

Sorry for the late answer, my schedule is very busy in summers so i wasn't in here since early June.

It doesn't offend me to mention Techanalyst here, he was a great contributor to this thread and to the forum. I wish he was here to answer your questions about his methods.

I myself think the market structure changes from time to time. So i would like to warn you that i don't use my fundamental excel table anymore. It had great success in 2021/2022 but now it's not consistent anymore.

I trade only news events now, my trade durations get shorter and shorter lately due to wild political events and central bank interventions.

To me; NNFX, Sam Seiden, Alphonso Moreno (Panoramia) etc. are all scammers. I stay away from likes of those so called gurus

IMPORTANT UPDATE for the newbies that visit this thread to gain knowledge:

I don't trade this way anymore. Back in that time it was useful, had a consistent run for over a year but the market structure has changed, the importance of the news have changed since then. So this trading strategy is outdated and not relevant anymore.

This strategy was created and used by me back in the days of the pandemic. And the economy is so different than the pandemic days now. Times have changed, the market reacts to news differently.

I am thinking about opening a new thread, the strategy that i use currently. But i am not sure i want to give out my edge here. Maybe i can per request, depending on how many people asks for it.

I still trade the news and only the news, and for a short period of time. Not carrying trades overnight anymore. In case you are curious/interested.