Yeah mate, I looked into it, I’m just trying to figure out different ways, including this to analyze news events.
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Dear alphahavoc,
I would like to thank you for your fundamental analysis and want to use it,could you please tell me the Chatgpt you use,as the one I have tried couldn’t work for me? thank you so much in advance for your help.
" https://chat.openai.com/auth/login "
I have subscribed for a ChatGPT+ account, and I noticed that the AI is more advanced and can INTERPRET our language with greater accuracy.
For fundamental analysis,
i’m using the following sources
" Daily Market Outlook by Kate Curtis from Trader's Way - #1360 by katetrades "
Here’s what you can do:
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Copy and paste the chunk of information you want to summarize or digest into the chat window.
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Use a prompt like this: “Please summarize or digest the information I provided and rank them from strongest to weakest.”
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Wait for the ChatGPT to process the prompt and provide a summary or digest of the information you provided.
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Review the output provided by the ChatGPT and evaluate whether it meets your expectations and requirements.
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If necessary, you can adjust the prompt or ask for further clarifications to refine the summary or digest of the information.
Post script :
Sometimes, fundamental gurus can be overly zealous and their fundamental analysis can be quite lengthy. In such cases, you may need to use ChatGPT to summarize their ideas into bullet points, chunk by chunk. Once you have all the bullet points, you can copy and paste them into the ChatGPT prompt again and ask it to rank them in order of strength, from strongest to weakest.
Thanks to ChatGPT, anyone can now digest fundamental analysis at lightning speed. If there’s anything that’s not clear, simply ask ChatGPT to explain it. This marks a new era of enlightenment!
Post credit 2
Also, remember to use currency strength ranking by fundamental analysis in conjunction with currency strength ranking by technical OHLC data. This ensures that the rankings match each other. The ranking is solely for the purpose of pairing a strong currency with a weak currency for trading. Based on your personal preference, choose a time frame for price chart analysis to determine timely entry with stop loss and targets.
I think trading on fundamentals alone is a devil’s erand and much more painful and difficult then simple price action trading
You can avoid high impact news but you can trade low and medium impact news because I think it won’t be risky for you.
Thank you so much for your help.I will try them .
There’s a calendar here as well. With impact ratings and currency filters.
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hi alphahavoc;
Hope you doing well, as I think you are the right person to get valuable information on FX,could you please shade on some lights on indicators you use either from trading view or meta traders ( free or purchased)? Thank you
momentics.tpl (18.0 KB)
MomenticsAdvanced.ex4 (48.0 KB)
Magenta pink indicates a bearish trend, while cyan blue indicates a bullish trend. The stars indicate the strength of the bearish or bullish momentum. To use, place the ‘momentics.tpl’ file in the Template folder and the ‘MomenticsAdvanced.ex4’ file in the Indicators folder.
To achieve success in trading, simply having the best weapon doesn’t guarantee it. You must go through challenges, fight through tough times, and learn to use the weapon skillfully by discerning and practicing. Comparing and analyzing are crucial. I can only guide you in the right direction, but it’s ultimately up to you to walk the path to success. Remember, the weapon is just a tool. There is no holy grail in trading, and the trader himself is the grail. It’s important to note that there are only strong traders and weak traders; there are no such things as good or bad indicators. Even with the best weapon, if you are weak, you will still lose the battle.
Thank you so much.
Be sure to use Momentics with different time frame analysis. Enter trades quickly on small time frames and don’t go against the trend on bigger time frames.
Then again, a 4-star signal might also indicate exhaustion, highlighting that trading is not always straightforward. It often takes years of experience for a trader to develop a clear understanding and make informed decisions.