I would like to start by thanking you Henry for all you hard work...
Before you joined FPA I didn’t care about fundamentals I would simply not trade when a report was due. But you have opened my mind to realize that Fundamentals IS "The Market." And the improvement in my trading has reflected...
Please Explain the Explination :-)
Henry,
I would like to fully understand your explination, however I am a bit confused. If you can let me know if I am on the right page, if not please guild me.
From what I understand is Weak Dollar will pull the pair down while the drop in the CAD's...
Ochills,
Go www.currencystrengthmeter.com]There is a download link at the top-right of the page
(Sorry I dont know how to add a link to the forum but that the site)
Henry Thanks for the tip/tool...I'm like a kid in the toy store now :-) , looks like it was alot of effort put into developing this tool. Many thanks for the effort as well. No time frames to chose from, thats great it takes the guess work out of the tool! I will began to view your videos on...
Thanks for the reply
I've tried understanding strength meters in the past, but I get confused when determining what time-frame strength meter to honor. In other words. we are only interested in the next 30-45 mins after the report, so when selecting a currency pair to trade...I don't know how...
Henry,
How do you manage your trade during the news report? Ex: Do you use a trailing stop?, or move SL to BE after x amount of pips?, or do you just let the trade run to its original SL (15 Pips) or TP (40 Pips)?
Henry, I reviewed your (my trading methods) link just want to be clear. The target (TP) for all of the reports listed on the (Reports that we currently trade) table is 40 to 50 pips?
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