Thread: Fundamentals plus sentiment plus order levels rationale

Funny quote I read now:

Those who can't trade Foreign Exchange; sell signal services. .
-Alan Greenspan

I made some pips on EUR on Brainard. Text of the speech premiered on 19:15 also it was dovish. But not much surprise, since she is a dove.

Just 18.6 pips on buy/sell stops before the launch. Exit in resistance.



That really is second type of trade when I trade the news and not merely fading the S/R.

Trade: Aussie long Best opportunity (according to sentiment? , risk events, sentiment shift, immediate alyst for transfer, which currency) #8203;Brainard yesterday didn't talk hawkish, sounds like Sept hike is off the table, quite good data from China, which will encourage AUD, when EU will start Best price entrance (is close support/resistance? , daily Fibo, daily TL, nevertheless room according to ADR?) #8203;AUD USD simply hauled back to R and broke 1:2

Conviction: 7 /10



Trade management rules: 20-30 pip SL Proceed to breakeven when
3. Result


4. Reason for the outcome

5. Lesson in the Outcome

Trade: Cable Extended Finest chance (based on opinion? , risk occasions, opinion change, immediate alyst for move, which currency) #8203;Good CPI anticipated, after PMI data from last month. Finest price entry (is close support/resistance? , daily Fibo, daily TL, nevertheless room based on ADR?) #8203;Buy limitation from R:R 1:2 or even more 1:2



Conviction: 7 /10

Trade management rules: 20-30 pip SL Move to breakeven when over 50% to the TP
3. Result


4. Reason for the result

5. Lesson from the Outcome

Originally Posted by ;

Trade: Aussie long Best opportunity (according to sentiment? , risk occasions, sentiment change, instant alyst for transfer, which currency) #8203;Brainard yesterday did not speak hawkish, seems like Sept hike is off the table, very good data from China, which may encourage AUD, when EU will begin Best price entrance (is near support/resistance? , daily Fibo, daily TL, nevertheless room according to ADR?) #8203;AUD USD just broke and hauled back to hourly S/R R:R 1:2 or more 1:2 Conviction: 7 /10 image Trade management rules: 20-30 pip SL Move to breakeven...

I had been incorrect. News did not matter. Reversed the Place to sell limit from S/R

Liquidity is at support/resistance

Originally Posted by ;

Trade: Cable long Finest chance (according to sentiment? , risk occasions, sentiment change, immediate alyst for move( which currency) #8203;Good CPI anticipated, following fantastic PMI information from past month. Finest price entry (is near support/resistance? , daily Fibo, daily TL, nevertheless room according to ADR?) #8203;Buy limitation from past S/R R:R 1:2 or even more 1:2 image Conviction: 7 /10 Trade management principles: 20-30 pip SL Move to breakeven when over 50% into the TP 3. Result 4. Reason for the outcome 5. Lesson in the outcome

Manually exit with minimal loss, as cable moved to 1.33. I entered on worse than expected CPI from UK out of resistance. I hope it will break 1.329, because dollar is rebounding out of support of USDX.



It seems there is a lot of buyers in this service. Anyhow I am in BE already.



Exactly the same questions always: will the current bearish sentiment be stronger than buy orders at this degree?

AUD short

Trade: Best chance (based on sentiment? , risk events, sentiment shift, instant alyst for move, which currency) #8203;Commodities are decreasing, USDX stronger today Greatest price entry (is near support/resistance? , daily Fibo, daily TL, nevertheless room based on ADR?) #8203;From resistance, a lot of room in ADR R
Conviction: 6/10

Trade management rules: 20-30 pip SL Proceed to breakeven when over 50 percent to the TP
3. Result


4. Reason for the result

5. Lesson from the Outcome

Originally Posted by ;

AUD brief Trade: Greatest opportunity (according to opinion? , risk occasions, opinion shift, instant alyst for move, which currency) #8203;Commodities are decreasing, USDX stronger today Greatest price entry (is near support/resistance? , daily Fibo, daily TL, nevertheless room according to ADR?) #8203;By resistance, a lot of room in ADR R:R 1:2 or more image Conviction: 6/10 Trade management principles: 20-30 pip SL Proceed to breakeven when over 50 percent to the TP 3. Result 4. Reason for the outcome 5. Lesson in the result

and BE

Originally Posted by ;

quote Manually exit with minimal loss, as cable moved to 1.33. I entered short on worse than expected CPI from UK out of resistance. I expect it will break 1.329, since dollar is rebounding out of assistance of USDX. image It appears there is a lot of buyers at this support. Anyhow I am at BE. image The very same questions consistently: would the current bearish opinion be stronger than buy orders at this level?

It was a perfect trade. It can last down, though.