I wanna dedicate this post for all daredevils who dare to trade with fundamentals.
Well I’ll start with my own experience.
Before i explain how i do it let’s review how Forex works first. Do you know what and how futures and stock markets work right? Before you answer think it first. At the NYSE session are you really buying real stocks at the real price? Yes for the first one and no for the last one. Yes you are buying stocks and financial rights over the company but the price is speculative, you are buying at what price speculators want it to have. The real price is the price you sell it tomorrow.
So the same with forex, is a two sided future. For instance if you trade with GBPJPY at Red Jckets session and the pair is down, it is not because Yen is rising, it is because GBP is losing on their own field. So Queen of England session ends and pair is still down, this time it is becausebof yen because timeframe is in Yakusa territory now.
So if you see for example a positive GDP on USD don’t match it with eur nor gbp or another overlaping session, match it with Jpy because it is the less overlaped session and during USA session Yen has almost none influence.
In case of Yen reports be careful, they are good for tradin but some are published nearly the end of JAP session, what you should do? Quite easy, match it with gbp and open your trade at the nextmost Yakusa session.
Regards.