Warren N, An Independent Traders Journal

I would like to hear from BabyPip members who find my analysis or comments useful or educational, or have any other views. If you have any comments or opinions, good or bad on my analysis, then please feel free to post them here.

Hey mate,

I am following your thread and I’ve found your analysis interesting. Ichimoku is not generally an indicator that I use myself so it’s good seeing it applied. Is it your preferred indicator? Supported by your fundamental analysis?

Bitterseatrader

Hi,

Thanks for the comments.

Yes Ichimoku is my preferred technical charting style, I also use some western technical analysis in conjunction with it in the way of the 50, 100, 200 SMA and bollinger bands and RSI. These are no more than support & resistance and reference points. The Ichimoku is really my trend and momentum indication as well as providing more S&R.

I prefer both the fundamentals and technicals to line up, but if they diverge, then I side with the technicals, mostly the Ichimoku.

I know you touched on this earlier but what reports to you specifically read / subscribe too? I am located in OZ so I read the economic updates from the local banks and of course the financial review etc but if there’s any specific websites, bank reports that you use I would interested in having a look myself.

Or do you actually peruse through the BOE / FED inflation reports! :slight_smile:

Hi I read a whole bunch of reports each night and morning before I start trading.

Some of the sources I read are the Financial Times (subscription), CNBC & Bloomberg websites (free), Thompson Rueters (subscription) and the The Dow Jones FX Trader (subscription) and also the Wall St Journal (subscription and free).

Basically I’m just looking for the news flow that is likely to play out when the next session comes online. So before the European/London session opens, I read reports that have came out towards NY close and during the overnight Asian session, as these news items will still have to be factored into the market (their active positioning) from the European and London based traders/dealers when their session opens regardless of what the N.American and Asia based trade desks done.

Awesome mate, I tend to stay a float of the news throughout the day but I will now try to put some more time in before each market opens. I actively avoid clicking the google “news” tab too often because it becomes an information overload!

Hey Warren,

I’ve also been following your thread. I do agree with Bitterseatrader, it’s a rare sight to see someone use Ichimoku as an indicator. I need to start subscribing to all the news you are on as well. Looking forward on your analysis as we head towards the financial cliff.

Mike

Hi Warren, my name is Mario and i started forex a couple of years ago, but only trading from time to time due to my job and because I found that my knowledge was (and still is) too basic. I´m from Perú South America and it´s difficult to find books on Forex and trading here so the little I may know is almost thanks to the internet. Since I knew about the Ichimoku I´ve been working with it, maybe because I´m son of a Japanese and because I trade only AUDUSD and USDJPY, as too many pairs are difficult to follow. I found your threat today and have to say it´s a very nice job. Please don´t get me wrong, but it would be nice and I would higly appreciate if from time to time you could give newbies like me, tips on how you read the chart and how you act upon your fund. and tech. analysis, because when I read your posts I have the feeling I do quite the same things, but when I trade on ichimoku, though at the end i find the intrepretation might have been correct, I was most of the time late or early (simply said: lost) it´s not a bunch of money… i would just like to improve and I can´t find a place to go to learn a little more. Well, once again congrats on your thread, it´s great and will keep watching your posts.
PS sorry if you find mistakes in my writing, but I´m not a native English speaker. All the best.