I use scalping strategy to trade…and I focus more on fundamental analysis more than technical…I just use technicals to determine my entry points and exits points…Is this always the way forward?
Each person is different just be careful will fundamentals as it could already be priced in
Give us 3-4 examples of recent trades where you took fundies as your basis for entering.
1 Like
Perhaps the ECB announcement today that they are going to have a look at USD weakness vs Euro strength - they are concerned re deflationary pressure.
20 pip drop on Eur when that hit the wires - depends on his sources
Today I made a trade on GBP/USD in the early east AFRICAN time where the pair was selling around 1.36410 dropping even below to 1.36318 due to disappointing news on unemployment rate today reading from England
1 Like
Klaas Knot (ECB policymaker) again repeated that ECB not happy with Eur/Usd level this morning.
Says that if the high Euro impacts on inflation (i.e. increase likelihood of deflation) then Euro strength will take prominence.
Another 20 pip drop followed.
1 Like
You are too fundamental analyst trader …that’s awesome