Thanks for the thread. Their are very few of us FA traders in Forex. I was a TA trader my first year & had significant losses. i am now a 80% FA trader. I have had some success since i switched to FA & have become profitable. I have invested My time & resources to come up with a profitable system. The most important paid news sources that I use are: Ransquawk & Reuters Eikon Xenith. Furthermore, I use all the Free services as well ie: ForexLive, Bloomberg, ForexCrunch, FXStreet, Forex Factory etc… My biggesst issue is Psychology & making that…
Welcome to the thread and yes – although i did not take the trades, After AUD rate statement that was dovish – AUD pairs started slowly going down – AUDCHF, AUDUSD, AUDJPY etc…. Charts tell the rest of the story.
After GBP Services PMI postive release, GBP went up, if we pair GBP with weak currencies (AUD – dovish rate statement; CAD – oil prices going down; NAFTA issues; Trump’s Tariff and impact to CAD); JPY. Many many pips….
Fundamentals / Sentiment works!!!!! We need to do some ground work (identify the currencies that are fundamentally weak/strong and identify the current sentiment, pair the currencies – Weak with Strong and enter….
When we look at charts with price movement in the past – the charts do not tell us why the price moved. We can come up with as many theories but none of them hold in the long run if fundamentals and sentiment are ignored –