Traders drive price to to those levels where there are orders (including fixes, pivots, session opens, known bank order levels, and 00 levels) The overall size is of the move is based on the strength of demand or supply for a currency (eg: traders ...

5 years and still no strategy

Hi cablefx usually I have all this laid out. But you are right - big orders sitting at 00. What would make you short it at 1.28845

5 years and still no strategy

Looking back at it - it was poor trading. My kids are around Obviously this was a volatile period. So it is difficult to gauge where demand was going to exhaust. I think I entered at the high session (up to then) Here is a previous example url Any ...

5 years and still no strategy

Got some pips. A good way to trade it - is to fade it (hence the name fader) But there are a couple of rules with fading. If there is a big beat against expected - never fade. If the market has been bullish going into an event, and the figures are ...

5 years and still no strategy

Probably one of the most well known economists in the US url

Prediction of price moves during Red impact news

Really we needed a beat on wage inflation. Same as expected. url

5 years and still no strategy

Wage inflation is important. A decent beat either side of expected and will be getting on the first pullback

5 years and still no strategy

Diane Swonk is pretty good on the NFP but now charges- I think its $10k a year.

Prediction of price moves during Red impact news

good call calebfx!

5 years and still no strategy

I see that Bainard (who is a dove) has basically said that she will be voting for a hike in rates soon (June?) url Also PCE beat expected ADP was excellent today NFP tomorrow - the estimates for me look a bit low. Trump is due to speak at 8pm GMT ...

Fundamental/News Thread

Hi - Was that the one last night- if it was I missed it. I saw London traders jumped on it - on the open after the pull back during the Asian session

5 years and still no strategy

Great minds and all that...

5 years and still no strategy

Hi Eckotrader I only trade the initial reaction on certain polls. Its like trading an economic release (NFP) but there is more time to react. With most economic releases certain news traders have their trading software set to react the split second ...

Fundamental/News Thread

There are certain polls that people should pay attention to - You gov is the main one. Easiest pips you will ever make. url

Fundamental/News Thread

Gavyn Davies at the FT has written an article on the Fed which is quite interesting: url Also I was looking through the statement and the minutes (rather than relying on memory for a change) url url In respect of QE the minutes indicated that ...

Fundamental/News Thread

I had a look through the headlines rather than looking at the figures (kids were playing up so did not give this my full attention!) url "Economists maintain expectations for a June rate hike". Perhaps the terms fully priced in is too strong, The ...

Fundamental/News Thread

US: Robust GDP figures (beat expected) Plus the fact that this hike seems to be fully priced in EURO Geopolitical: Trump threatening Germany's number one export to the US url Big moves on the EU and EJ I see that Draghi speaks on Monday -could add ...

Fundamental/News Thread

Rather than look at them separately - I try and use them together. The same with wyckoff. The reason I got into fundamentals is that I though if its good enough for George Soros and Bill Lipschutz - its good enough for me

Price Will Tell - Supply/Demand Price Action Trading

I am not discounting the supply level - which I feel is higher, but most of the banks are bullish on Euro. A rate hike is almost priced in but inflation is really poor The only thing keeping things going are the employment figures. I feel that if we ...

Price Will Tell - Supply/Demand Price Action Trading