Hello everyone I have decided to share my analysis of the release of the U.S. COMMODITY FUTURES TRADING COMMISSION weekly report.
Every week I will break down the long format of the CFTC's report and translate it into short hand for people trading Forex. This weekly
report will detail what large speculators such as hedge funds and banks are doing in the market so...
Part 1 Technical
If you are new like me you probably have tons of conflicting information bombarding you at all times.
I have come up with a method of filtering the noise i would like to share.
* Technical noise filtering
Renko blocks are simple they do not measure time. Renko blocks measure movements in price (example: 1 block = 10 pips...
Part 2 Fundamental noise filtering
I place far more weight on fundamental analysis then technical. At first I thought it was useless as half the news or analysts would say one thing and the other half would say the opposite. the trick is to only look at sources that can reliably and logically be shown to have a impact on the market.
Who has an impact on the...
Technical: Strong continuation of uptrend
Renko Blocks above the Doda-Donchian MA Cross color line is blue. back testing yields about 75% probability up
Fundamental: Bull Market (only look for buys)
Big speculators are:
31 trillion EUR long
14 trillion EUR short
source: CFTC website
To start I am brand new to Forex. I have only been trading for a month now and in the month i have turned a 100$ account into 7$. it is currently up to a whole 20$ and i would like to share what i have learned so far currently involving the EUR/USD pairs current movement.
1:M's and W's and slanted M's and W's
after sitting in the trading view Forex chats i notice...