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- Fader123 replied Oct 18, 2017
Its not the accuracy of his forecasts that matters - its the degree that it moves away from the previous forecast that is important
Cable Update (GBPUSD)
- Fader123 replied Oct 18, 2017
???- not fussed Is Mark Carney going to confirm that the expected interest rate hike in November is on hold over the next few days - nope. Is Janet Yellen going to change her stance on the expected December hike? - probably not Until that or a ...
Cable Update (GBPUSD)
- Fader123 replied Oct 18, 2017
This spreadsheet shows turning points based on fundamentals. When would I enter? - typically when there is a large divergence from current central bank interest rate policy. Sometime I would trade NFP - really it depends on what the market is ...
Cable Update (GBPUSD)
- Fader123 replied Oct 16, 2017
Hi - It depends on my level of confidence in a trade If a central bank changes in interest rate bias; 10:1 (reason - because its an absolute certainty which way the market is going) Market sentiment/day trade; 3-5:1 Risk/Reward - Min 3:1 Max capital ...
Fundamental/News Thread
- Fader123 commented Oct 10, 2017
Surely they should have thought of that before hiking twice in quick succession. Now GDP is on the drift. Then there is the NAFTA treaty this week
Bank of Canada's dep. governor Wilkins says that Canada's household indebtedness leaves...
- Fader123 replied Oct 10, 2017
The amount of stuff I miss -beggars belief. I am up about 11% on the month. Just need to have a bit of a think on the New Zealand elections. The best trade will be if he joins Labour. Here are his policies/views url
Fundamental/News Thread
- Fader123 replied Oct 10, 2017
Also Trump has reverted to type. And the market was sold off on the Aussie. This was the main thing Plus perhaps some traders may have viewed the silence of Debelle on monetary policy as meaning no change in interest rate bias. Nonetheless when GS ...
Fundamental/News Thread
- Fader123 replied Oct 9, 2017
Good spot 4rXal-ghul Does not look good for the Aussie does it. Low income growth seems to be the main reason. They seemed to have a grip on house lending. So there is scope The statement seems to expect more strength url But as you rightly say ...
Fundamental/News Thread
- Fader123 replied Oct 8, 2017
Just think what do - do hedge funds and investment banks and the top forex traders have in common They all use fundamentals. And it's about understanding sentiment On GDP url Getting back to your question it's late here and I will put something ...
Cable Update (GBPUSD)
- Fader123 replied Oct 8, 2017
There is a lot to think about with fundamentals To be honest for me trading fundamentals is blows pure technicals out of the water. For a start I don't have to stare at charts At the moment the dollar is strong mainly because of the data coming out ...
Cable Update (GBPUSD)
- Fader123 replied Oct 6, 2017
CAD GDP missed, on a downtrend. This was the one thing Poloz was looking at. CPI also missed Poloz turning dovish He must feel a bit of an idiot for hiking so soon Think oil prices wont go much higher unless there is another event (Venezuala?). ...
Fundamental/News Thread
- Fader123 replied Oct 6, 2017
Cable off on the overnight session. Dollar strong against everything. NFP today. Obviously the hurricane has had an effect on numbers Also I read that Trump is planning a storm -no idea what it is
Fundamental/News Thread
- Fader123 replied Oct 5, 2017
Think that this sentiment on Cable has another couple of days. Party conferences are really decent trading opportunities. Geopolitical uncertainty nearly always beats anything else. I think there was a rousing speech last year and the move lasted ...
Fundamental/News Thread
- Fader123 replied Oct 2, 2017
Missed the trade on Cable - I don't know how Poor news on May over the weekend - talking about only lasting a year and Bojo getting in is what kicked it off Actually thought about it last night. Can't really be confident on the pound at the moment. ...
Fundamental/News Thread
- Fader123 replied Oct 2, 2017
Got some euros last night/this morning. Pretty obvious really. Closed the gap down on Sunday open We could get a re-test - have a small limit order in place. You would expect Frankfurt and London traders to join in
Fundamental/News Thread