Solution

Frustration, failure and losing money on the markets has nothing with your technical analysis or your indicators. Most of the traders forget the most important thing. Technical approach to trading is necessary but it is on second place.

By following your technical approach sometimes you will be on right and sometimes on wrong side of the market. But if you are confident in fundamental analysis technical tools are just helps you to enter the trade in right direction once when you get conformation from them.

Let me shows you our last example that we trade. This trade happen last Friday 10-25-2024, we trade EUR/USD.

Buy or Sell?

At the chart bellow we have EUR/USD, once when you have example like this you will be lost every time. Your brain will start to race should I buy or sell, maybe the price will go up maybe down or even sideways.

You are waiting that the price will break some levels and you will enter the trade, once when you enter you are still not sure are you right. Well we are trading different.

Solution!

Our advanced analysis of various fundamental data is giving us answer where the market will move. Based on our analysis we was expecting week EUR and strong USD.

After we know that the market will move down, all we do is just monitoring and trying to find the most optimal entry to enter sell position.

Analyze gives us huge confidence and right direction.

The true is once when you know the right direction no matter which indicator you using as conformation you will be right.

At the example below we just attach random basic indicators, as you can see, the price breakout all of them, then retest then and continue in the direction that we was expecting. Even if you attach RSI, Stochastic or any other indicator they will confirm direction. The point is we should use indicators only as conformation technical tools. Before the main move ww should know direction. Without direction you will be lost every time, the price will dance up and down and play with your mind.

Our solution is simple, we analyze data to understand direction then use technical as direction conformation to enter the trade.

TO make right desizion we are analyzing COT data, Last interest rates changes, Retail Traders Sentiment and last three months for CPI, ISM Manufacturing PMI, Unemployment Rate, FOMC Statement, GDP (and many other data from economic calendar). Dollar Index (DXY) is also considered.