Rocketman

GBP Retail Sales Tomorrow:

FX:GBPUSD   British Pound / U.S. Dollar
85 2 6
Retail sales will be crappy tomorrow.... pin that up against the dollar. Of course, the chart is the past data. Dollar will rise this quarter.



Comment: The QUANTUM world continues for the UK. I said I would stop looking at UK data if I were wrong today, but actually, the data was stil negative.. but not as negative as I wanted. So, I am still correct. haha! What do I do? Keep going! Don't let the numbers confuse you, they do not actually matter at first. There is something DEEPER that we must all consider and I am not going to type all that out here because I have to TRADE.

Now, I have to go BACK to the charts and back to observing data among other things.

Oh.. I am still short GBPUSD, GBPNZD and GBPJPY....
How do you know retail sales will be crappy, where do you get the fundamental data from?
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Rocketman chachacallis
Study a little bit about economics, especially global economics, and you will see how things correlate and why it is nonsense to look at charts alone. All fundamental traders and investors, like George Soros look at charts: After finding an investment theme or trading journey you (1) Gather facts, (2) Do your calculation or review the economic model, (3) Review technicals (this is where all sorts of "gurus" emerge and are too focused on with their chart wizardry, and 4() Draw a conclusion from the investment theme. gotta look at the charts and other stuff...
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