A Fundamental/Intuitive Approach

Hello, does anyone else here primarily trade based on “visualizing” patterns in the quotes and purchasing when support seems strong or at the lower part of a range, or shorting at the higher part of a range? I seem to have had great success with this. My approach mainly involves fundamental analysis (I study what the central banks do), and the patterns serve as a guide for entry and exit. My technical analysis is based mainly on support and resistance. On both practice and real accounts I have a tendency to win, and am profitable right now in my first month doing it for real.

I really don’t get how 90 percent or more of traders can lose at this. And I do not even yet understand in detail most of technical analysis. Maybe I have just gotten really lucky, but so far the probability of someone winning as consistently as I have in the first month through almost purely random guesses seems to be almost nil.

I will continue with the Babypips course and eventually get deeper into technical analysis, but so far I seem to have a solid strategy putting me ahead of the game. Could the so-called difficulty of forex be merely hype?

This my friend is how professionals trade… Spend the majority of your time learning about central bank monetary policy and the fundamental factors that cause price to move and only a fraction on technical analysis… You are already miles ahead of most on this forum by getting the priority of fundamentals over technicals correct.

Yeah, I have cracked this nut with a strong understanding of monetary policy (you can’t help but be when you visit gold and silver bug websites daily), even though I am ignorant compared to many here when it comes to technical analysis. My trades are biased toward fundamental factors, thus making it very unlikely for me to get wiped out even with modest leverage, IMO.