Confused by the inflation news - effect on Forex?

Discussion in 'Forex' started by hanneswas, Oct 20, 2021.

  1. Daily chart with candles. Bottom window is a multiple time period, dual custom oscillator.

     
    #11     Oct 20, 2021
  2. Looked at the monthly on this pair -- just a consolidation at support.

    upload_2021-10-20_22-28-24.png
     
    #12     Oct 20, 2021
  3. Using price is not a good analysis. Figure out the driver of the pair and what the actual risk is, and model the impact to the exchange rate. FX pairs do exhibit momentum but if you don’t conduct an analysis you’ll be the dumb money providing liquidity for the informed.
     
    #13     Oct 21, 2021
  4. maxinger

    maxinger


    simply stop reading that news and there will be no confusion.

    OK. serious discussion.

    trading and logical thinking/reasoning don't mix.

    yesterday USD weakened.
    as such, GBP, AUD, crude oil, gold, copper, natural gas ...went up.
     
    Last edited: Oct 21, 2021
    #14     Oct 21, 2021
    tomorton likes this.
  5. I'm good with my analysis. Thanks for your input, though.

     
    #15     Oct 21, 2021
  6. noframe

    noframe

    What I have experienced so far is that the most common way to trade news is to look for a period of consolidation or uncertainty ahead of a big number and to trade the breakout on the back of the news.
     
    #16     Oct 21, 2021
  7. Trader200K

    Trader200K

    Multi-timeframe SAR Crossover … clever.

    Hours and minutes?
     
    #17     Oct 21, 2021
  8. It's all daily -- just multiple period lengths on the oscillators. I do use multi-time frame analysis too.

     
    #18     Oct 21, 2021
  9. Trader200K

    Trader200K

    Separately. Gotcha.

    I was thinking you were customizing multi-time frame data in with the SAR.
     
    #19     Oct 21, 2021
  10. That sounds like a good idea, though! Probably above my pay grade! I have some "limited" coding skills when it comes to indicators. I have had to rely / pay some others on some stuff. For this one, I took someone else's idea but tweaked it on my own (which is what I do a lot of -- just find good ideas and then make them even better).

    Are you an indicator guy? Best wishes!

     
    #20     Oct 21, 2021