[8/2] Perfectly capture the fundamentals just before employment statistics release

▼ Pitfalls of Fundamental Analysis

Following the FOMC, the Employment Situation Report is released tonight.

Those who want to ride a big move may be looking forward to this opportunity.

Simply large, temporary price swings are not exactly the volatility investors seek.

In most cases, major indicators show sharp fluctuations without regard to technicals.

I tend to skip such opportunities.

Whether big or small, news is happening one after another around the world.

First, to give the conclusion,Covering all of this is impossible.

If you were to concede, read and grasp all the news,

but then a more difficult problem awaits.

When that news is released, which direction will it move— no one can know that.

Every month, the nonfarm payrolls forecast is released, butforecasts and trading are two different worlds.

Especially in the currency market, among the people who win,over 90% are technical-ism above all, I think.

This morning, North Korea missile news also came out, but that is separate; trading is trading.

▼ Fundamental Strategy

Good news.

DifficultA method to almost perfectly capture fundamentalsexists.

I practice it as well.

Today is the employment data, and it’s Friday night, so I’ll introduce a light read on fundamental strategy.

There are steps to it.

①Understand the key indicators

First, even if you don’t remember when and what announcements will come, set up to grasp them immediately.

GogoJungle also has an economic calendar,hereis a good bookmark.

News or statements that cause big moves in the forex market are often policy or statements from government or financial institutions.

No matter if DJ is being abusive or a YouTuber is dozing at a scramble crosswalk, it won’t affect forex.

In my method,herea☆3 level is enough.

Among themthe most influential is today’s 9:30 PM Employment Situation.

② Go No-Position during major indicators

The indicators we just identified,please refrain from trading during the releases.

If you happen to have a position, you will close it based on whether it is in profit and whether it relates to the related currency.

If there is a volatile move like a release,even normal support/ resistance lines may be ignored.

Trading at such difficult points is too dangerous.

Essentially, most events occur during NY hours, so avoiding trading during NY hours is a sensible approach as well.

Not only in trading,whether you can respond appropriately in a crisis determines success or failure.

This is a section I would like even a major company in the Kansai region to read.

③ Trade technicals after the fact

With my strategy, I got through the hardest part unscathed.

Now it’s time to strike.

Draw lines on the newly formed low and high wave patterns, and apply the usual profitable technicals to gain profits as usual.

As usual, wait for high-profit points and enter as usual.

If you wait, you can trade after considering the fundamental factors.

I do not know any other fundamental-following element beyond this.

I think it probably does not exist.

▼ Summary

This isn’t a joke; this really is the攻略法 for fundamentals.

Even if the methods differ, most profitable traders embed this strategy into their approach.

For fundamentals that cannot be anticipated, use technicals to bring it to a post-reveal advantage

We traders hold the greatest weapon: technical analysis.

This powerful tool is effective only in normal times.

Charts incorporate everything as they move, andin normal times, charts can be read.

In crisis, it’s more meaningful to stay quiet and perhaps call your partner, saving weekend date money.

An article that explains fundamental strategies and dating tips in such a short text is probably a world first.

Gentlemen,you’ve just read an amazing article.

And finally, a trader who earns profits from all price moves absolutely does not exist.

The best approach is to grow money steadily and with as little stress as possible using only the easiest points.

Trading is a tool to enrich life, not something to bet your life on.

Prioritize how to enrich life through tradingabove all else.

Next time, I will reveal the methods I use. Stay tuned.