Back to the trenches I guess. Some of you might remember my last post over proffesional approaches to the markets. If not I suggest you take a look on it before reading this. https://www.reddit.com/Forex/comments/cxymyf/a_peek_into_how_financial_institutions_play_this/
I promised to discuss some stuff about macroeconomic approaches to forex, and well, with some delay here I am. Again, here I introduce the very same disclaimer. This is a professional approach, not coming from retail. Take everything with a grain of salt, and exercise proper due diligence with your approach. Sincerely hope you get something out of this post. An inconvenient, forex truth
You've been there, struggling and suffering for a while. You have experienced the pain that the markets can unleash on you. You have left positions on the red for longer than your sanity could possible hold. You have opened positions that moved to the green, but you did not take any profits and you let that position slowly die and possibly causing huge loses. Now here you are , in October 2019, possibly as a breakeven trader, still suffering and trying. You have researched hundreds of indicators, if not thousands. You thought you have all sorted out with your RSI , stochastics and TDI. Yet you have switched between strategies more than you have changed your underpants in your whole life. Spent too many hours looking at the screen, wondering what the hell you are still missing.
And the incovenient truth is that you want the glitz and the glamour, and the caviar, but you are not willing to eat the shit.
And this is the shit: How are you expecting to make any good money on a field where you dont know virtually anything about it. Nor the substance that you are trading, nor what moves it. How are you actually expecting to beat guys that breath and eat economics?. You know literally nothing about volatility and liquidity, about interbanking flows , about puts and calls, market microestructure and price delivery mechanisms both on OTC markets and CME , what is GDP , how is calculated and why is critical. CPI, NMI, GDP to debt ratios, UST, repo markets, shadow banking, carry diferentials, how and why commodities alter certain currencies. EM vs G10 currencies, pegged vs unpegged. Balances of Payments.... When you hear "greeks" you are thinking about the Iliad or Athens. You know nothing about business and credit cycles. Valuation anchors, return to the mean, standard deviations, fair values. I could go on and on and on. Does this make you uncomfortable? It should.
You have dozens of the best students that the world can produce, coming out of the London School of Economics, or from IT degrees in Harvard and MIT, all moving into freaking huge financial institutions, building complex system, doing incredible research . Funded to an extreme you can not imagine. Working in partnership with the IMF and Central Banks all aroundthe world. PhD's dedicating their lifes to such complex systems and situations....... and yet here you are, insolent and ignorant piece of s***, you that have been trying to make your "RSI" or "stochastic" work for 2 months, trying to beat this multi billion-trillionaire infrastrucure. Do you start to realize where the f*** do you stand? Do you really believe even for a freaking second that you can beat them on their game? Using RSI or Ichimoku? EAT.THIS.SHIT.
And its not that technicals are not necesary. They are. But believe me, I (and most pro's that I've ever engaged with) spent less than 1/5 of the time actually managing trades and looking at price charts. If I'm not scalping , my day starts with me reading around 12 to 15 research papers coming from the main financial institutions, glued to my Reuters terminal reading more reports, looking at polls, updating my macroeconomic models with the latest data, performing calculations related to options...... only then, with a fundamental trading idea, I will move to evaluate technicals to see if the timing is good. I want to learn, how shall I procede?
You want to build a lasting and enjoyable relationship with the market? EAT THE SHIT
, and do all that is under your control to actually be able to open The Financial Times and understand what they are talking about. It will take you years, and for the education, hundreds of dollars. But this is how it goes if you want to get real. This is career, not a hobby. This is simply the way to be consistent. EAT THE SHIT.
I compiled some resources to get you started:
ACATIS Konferenz 2016, Mr. Koo, Surviving in the Intellectually Bankrupt Monetary Policy Environment - A great video coming from Nomura, to understand the actual shitty situation in the Eurozone.
Online Courses - Look for IMF on EDX. Also, a fenomenal course on Banking and Money in Coursera.
Macroeconomics, Gregory Mankiw - Start here to graps the basic concepts
Financial Times Guide to the Financial Markets
Financial Times Guide to Banking
Applied Financial Macroeconomics and Investment Strategy: A Practitioner’s Guide to Tactical Asset Allocation
The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession
The Escape from Balance Sheet Recession and the QE Trap: A Hazardous Road for the World Economy
The Other Half of Macroeconomics and the Fate of Globalization (English Edition)
The new lombard street - how the fed became the dealer of last resort
Foreign Exchange , Amy Middleton
The Role of Currency in Institutional Portfolios, Momtchil Pojarliev and Richard M. Levich
Currency Overlay: A Practical Guide, Second Edition, Hai Xin
The Handbook of Corporate Financial Risk (2nd edition)
Trade Stocks and Commodities with the Insiders: Secrets of the COT Report (Wiley Trading)
How I Made One Million Dollars Last Year Trading Commodities
Market Liquidity: Theory, Evidence, and Policy (English Edition)
Trading And Exchanges: Market Microstructure For Practitioners
The Microstructure Approach to Exchange Rates
The Creature from Jekyll Island: A Second Look at the Federal Reserve
Big Debt Crises
Payments Systems in the U.S. - Third Edition: A Guide for the Payments Professional
The Volatility Machine: Emerging Economics and the Threat of Financial Collapse (English Edition)
Stabilizing an Unstable Economy
Jun 25, 2017 - Join with my Telegram channel to get my Forex Trading system https://t.me/FX_HolyGrail Free forex Signals on Telegram https://t.me/Ic_markets Feb 19, 2020 - My Holy Grail is a trend momentum indicator suitable for binary options and forex trading. The indicator do not repaint. Draw buy sell arrows on the chart. The quest for the Holy Grail in Forex is a metaphorical journey in financial analysis applied to the currencies’ market. Much like the Templar knights sought the Holy Grail over the centuries, the author guides the trader along dark path, in a quest for the golden rules that underpin profit in the currency trading. Some of the main tools in classic financial analysis are here analyzed in ... The problem with that is – in a way – the attitude: the hunt for the holy grail or the magic trade that will make all the correct decisions at the right time. Forget that utopia. NO, I am not saying that you cannot use any Fibs, YES, of course, you can. Fibs are great. The Holy Grail is a system or strategy with clear rules that works well enough to ensure effortless trading which is profitable overall. The major mistake that less experienced traders make when they build strategies are either to base them on too limited amount of historical data, or to over optimize them with too many indicators, over analysis with many indicators are wastage of time . 'The Holy Grail of Forex Trading Strategies' - Daily Chart; Which trend should I look? The long term or short term? 15 Best Strategy Games for PC You Must Play (2017) Beebom; Strat's PASR Long Term, Stress Free Trading - Forex Factory; 5 Types of Forex Trading Strategies That Work; Everything You Always Wanted To Know About Swaps* (*But Were Afraid To Ask) Hello, dummies It's your old pal ... The 'Holy Grail' Of Forex Trading Strategies Is To Use The Daily Chart Timeframe. Let's face it, 95% of you reading this are probably not consistently successful traders, in fact, you've probably blown out a trading account or three by this point. You probably enter a trade and then sit at your computer watching the market tick away or reading economic news for the next two hours, unable to ... DOWNLOAD [PDF] Forex The Holy Grail Simone Siesto Full Book × Forex Holy Grail – Best Forex Indicators and Forex Training Are You Ready For a Big Change Feel free to watch the introduction video of my new work. Scroll down to the bottom of the page to watch the video. I am a full time Forex trader. Years ago I found a lucrative way to HOLY GRAIL FOREX STRATEGY FUNNEL FINDER THE only guide that reveals all the truth about correct backtesting procedures, based HOLY GRAIL is a Forex niche on years of research term which refers to the best Forex strategy for a given EA, symbol and timeframe: the setting that “will make you rich!” FOREX STRATEGY is a parameter combination used to
200 Pips Daily Profit Indicator Click here to download: http://www.200pipsdailyprofit.wordpress.com Millionaire Forex Trader Shares Secret Strategy For First... Trading Strategy - The Holy Grail Trading Setup - Duration: 9:40. UKspreadbetting Recommended for you. 9:40. Most Leaders Don't Even Know the Game They're In Simon Sinek at Live2Lead 2016 ... Trading Strategy - The Holy Grail Trading Setup http://www.financial-spread-betting.com/trading/day-trading-course.html PLEASE LIKE AND SHARE THIS VIDEO SO W... Hello Everyone, READY FOR THE BEST MARKET WINRATE STRATEGY??! Telegram Signal Group: https://t.me/PocketingPipsSignals Make sure to watch the video until the... Sales page: http://forexholygrail.net Yes, of course, my forex holy grail secret strategy is still working today without to use any indicators. Now is your t... DOWNLOAD THIS TRADING SYSTEM, LINK https://vk.cc/9Fs5vL#624 GET FOREX STRATEGY AND TRADE PROFITABLY Forex Holy Grail Trading Strategy System Signal Scalping ... Join with our Telegram channel to get it now https://t.me/joinchat/AAAAAEP_WYmg5qbQgqk_qg At least the most wanted forex secret strategy is released to the world. The forex holy grail is a secret pattern that occurs almost everyday in 4 pairs. htt... Hey guys! This video is all about Risk Management and Trading Psychology which is believed to be the only Holy grail in Trading. i will show you how to grow ... Forex Holy Grail Trading System https://www.forexelite.com