Trading Fundamentals

This is a discussion on Trading Fundamentals within the Trading Systems forums, part of the Methods category; Originally Posted by Pat494 I think you are being a bit pessimistic. Practice should improve results. I have to admit ...

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Old Jun 14, 2017, 11:11am   #9
 
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Originally Posted by Pat494 View Post
I think you are being a bit pessimistic. Practice should improve results.
I have to admit I am a noobie at Fundamentals but hope to improve.

Yesterday was a good great day to exercise news and fundamental analysis application.

After the inflation figures cable just simply trended upward for the whole day. Simple.

If inflation rises then BoE comes under pressure to do something about interest rates to stave off economy over heating.

As we all know inflation -> rate increase -> hot currency flows strengthen pound.

Pretty straight forward really.


No point arguing / debating which is best; TA, FA or News. Use all three.
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Old Jun 14, 2017, 3:16pm   #10
 
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Pat494 started this thread Well 1.30pm UK time was the crunch time and sure enough there was plenty of movement in many pairs.
I enclose a snip of Usd-Jpy. The red vertical line is 1.30pm.
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usd-jpy.png  
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Old Jun 14, 2017, 3:33pm   #11
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Well 1.30pm UK time was the crunch time and sure enough there was plenty of movement in many pairs.
I enclose a snip of Usd-Jpy. The red vertical line is 1.30pm.
Did you buy or sell ?
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Old Jun 14, 2017, 4:10pm   #12
 
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Did you buy or sell ?
It is a pity I just sat and watched as I would have got it right !
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Old Jun 14, 2017, 6:34pm   #13
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It is a pity I just sat and watched as I would have got it right !
Hindsight is everything!
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Old Jun 14, 2017, 8:47pm   #14
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Hindsight is everything!

Looking back, I just knew you were going to say that.
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Old Jun 14, 2017, 9:18pm   #15
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Well there we go. A bit of volatility but the EUR/USD is pretty much back where we started. Admittedly the daily now looks like an inverted hammer but on its own its not something I'd open or close a trade on.
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Old Jun 14, 2017, 9:26pm   #16
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Pat Lulz meter is on you
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