Hi,
I just thought I would share this as I find it amazing how many people purely focusing on technicals rather than finding out what sentiment is driving the market. The reason why retail traders lose money is because they are not sailing their trades in the same direction as the big institutions.
The big institutions only use technicals for point of entry or to close a trade. They would never use technical indicators to run a trade as they are trading billions on behalf of their clients.
I use a professional news feed called Ransquawk which lets me know the sentiment of the market hence why most of the time I am on the winning end of my trades.
I have made 100's of pips in minutes trading central bank minutes release, speeches, or even just instant news releases due to hearing the sqauwk via ransquawk.
An example of strong sentiment can be seen on GBP/CAD. GBP has been killing CAD for weeks because the pound is bullish due to the BOE indicating they will hike rates this year again. The CAD has been super weak because NAFTA trade talks with USA have not gone in their favour and if deal does not materialise then it will harm the Canadian economy. So this is basically STRONG VS WEAK SENTIMENT CURRENCY = PIPS!!!
You can see in this video how a gentleman made 50k in minutes during the whole Greece saga because he knew where to get in - https://www.youtube.com/watch?v=lSKT6o3gpo0&t=7s
Forex markets are primarily driven by central banks and geopolitical matters. For example if a central bank indicates they are going to hike then that currency will rally for weeks until the interest rate is released. If there is news of them cutting rates then the currency will become bearish.
My advice is if you want to be trading in the same direction as the big institutions then focus on the fundamentals and not technicals. Technicals should only account for 20% of your trading.
Thanks for reading and please be sure share your views.
I just thought I would share this as I find it amazing how many people purely focusing on technicals rather than finding out what sentiment is driving the market. The reason why retail traders lose money is because they are not sailing their trades in the same direction as the big institutions.
The big institutions only use technicals for point of entry or to close a trade. They would never use technical indicators to run a trade as they are trading billions on behalf of their clients.
I use a professional news feed called Ransquawk which lets me know the sentiment of the market hence why most of the time I am on the winning end of my trades.
I have made 100's of pips in minutes trading central bank minutes release, speeches, or even just instant news releases due to hearing the sqauwk via ransquawk.
An example of strong sentiment can be seen on GBP/CAD. GBP has been killing CAD for weeks because the pound is bullish due to the BOE indicating they will hike rates this year again. The CAD has been super weak because NAFTA trade talks with USA have not gone in their favour and if deal does not materialise then it will harm the Canadian economy. So this is basically STRONG VS WEAK SENTIMENT CURRENCY = PIPS!!!
You can see in this video how a gentleman made 50k in minutes during the whole Greece saga because he knew where to get in - https://www.youtube.com/watch?v=lSKT6o3gpo0&t=7s
Forex markets are primarily driven by central banks and geopolitical matters. For example if a central bank indicates they are going to hike then that currency will rally for weeks until the interest rate is released. If there is news of them cutting rates then the currency will become bearish.
My advice is if you want to be trading in the same direction as the big institutions then focus on the fundamentals and not technicals. Technicals should only account for 20% of your trading.
Thanks for reading and please be sure share your views.