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EcoTrader replied Mar 22, 2019You don't need to focus a lot on the cycle just be aware of where we generally are which you can fairly quickly see from looking at interest rates over the last 5 years. The central bank is really where you need to spend all your focus on for a good ...
Trading news and sentiment
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EcoTrader replied Mar 22, 2019Bad German data this morning sent the Euro south. Yen gained on the news and with the Fed's dovish data out recently, the Dollar doesn't have a lot going for it at the moment. Yields were dropping as money flowed into treasuries. There was my setup ...
Trading news and sentiment with technical analysis
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EcoTrader replied Mar 22, 201930 pips booked on very bad German manufacturing PMI
Trading news and sentiment
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EcoTrader replied Mar 22, 2019There is talk about rbnz lowering rates it is just a question when.
Pivot Trading
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EcoTrader replied Mar 22, 2019You have absolutely no idea how I trade and continuously assume so whatever floats your boat. There are no contradictions in what I have said because I, unlike you, am not assuming. I did actually post photocopied employment contracts to prove it ...
Do markets really change?
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EcoTrader replied Mar 21, 2019Firstly, let me correct you on an oversight on your behalf. I have never stated i have worked at a brokerage firm but keep assuming that fella. As to your reference to news and your experience at a brokerage firm, do you even realise you are ...
Do markets really change?
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EcoTrader replied Mar 21, 2019i can understand it well. The same patterns can be found in random data, animal migration, crime rates, birth and deaths, weather and temperature, and probably a ton more. Plenty of psychology there!
Do markets really change?
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EcoTrader replied Mar 21, 2019Who cares what the analysts think after the fact. What makes you think sentiment should hold out for 2 days off an employment report? The fact that you mention it in this context shows you do not understand how to trade or interpret the data. The ...
Do markets really change?
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EcoTrader replied Mar 21, 2019i wanted to update the thread on a trade i missed (i was out driving at the time) and would otherwise have taken today. I made 40 pips this morning on a Nok trade and could have added at least 80 pips with this. The two square boxes represent my ...
Trading news and sentiment with technical analysis
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EcoTrader replied Mar 21, 2019sentiment is normally driven by economical data but can be overridden by other factors. In the case of the UK, Brexit is dominating all other factors (Political driven). This is why it is important to include more than standard economical factors in ...
Trading news and sentiment
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EcoTrader replied Mar 21, 2019I promised i would blog about the research required to get going so here it is: Your starting point is basics on how an economy operates. You don't need an economics degree just understand that economies run in cycles revolving around debt. image ...
Trading news and sentiment
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EcoTrader replied Mar 21, 2019
I am a more conservative than you are. I will join in if there is a good catalyst however.Trading news and sentiment
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EcoTrader replied Mar 21, 2019might do but will come in the form of unscheduled news. It would be regarding Brexit so eurgbp would be the one to action if it happens
Trading news and sentiment
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EcoTrader replied Mar 21, 2019yeah fundamentals are a waste of time aren't they!!
Do markets really change?
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EcoTrader replied Mar 21, 201940 pips bagged from USDNOK (interest rate hike) image
Trading news and sentiment
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EcoTrader replied Mar 21, 2019It wasn't the head and shoulders that drove price down it was oil correlation and Canadian budget. do you honestly think professionals pump hundreds of millions into a pattern, you are deluding yourself. image here is a chart for the same pair you ...
Do markets really change?
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EcoTrader replied Mar 21, 2019no idea, but you sure need to stop seeing tunnel vision.
Do markets really change?
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EcoTrader replied Mar 21, 2019who cares what you did with a $100 account, anyone can turn $100 into 10k, i turned 500 into 15k when i started but ended up blowing up. It means nothing, consistency carries more weight. Get your facts right and stop spreading rubbish about a ...
Do markets really change?
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EcoTrader replied Mar 21, 2019Brexit news of shorter extension period has sent the pound lower. I took 10 pips from the reaction to it
Trading news and sentiment