u/Forexfundys_

Trump is meeting with China on Friday. Tariffs were mentioned a bit today. Here's what it could mean for the forex market!

Yall know me by now as the fundamental + technical trader, who did well in Q1, but Q2? Struggle

My technical anaylsis and fundamental tools were telling me strength/weakness, but the charts after I entered told me opposite.... So after reviewing my journal, I noticed this-

All trades i've taken in Q2 were to plan, but would get spiked in and out due to war talks, peace talks.

Markets have been operating on headlines in a risk on/risk off changing daily - those short setups on XXXUSD coming from risk on- no deal, ceasefire violations etc.
The longs coming from - deal, meetings, ceasefire.

I tried the same on XXXCAD - but same thing- CAD being huge with oil relations- when oil goes up, CAD typically does too. Strait being blocked, higher oil, higher cad. Being open, lower oil lower cad.

What am I trying to get at?

If your XXXUSD setups whether its GBPUSD EURUSD etc have NOT been working like usual, or XXXCAD- it might make sense to trade USDCAD.

Given that random headlines can cause massive spikes, I believe trading USDCAD is one of the safer currency options right now since their reactions are more contained.

Obviously you can look at different cross pairs as well, but that's my 2 cents in there! Happy trading everyone

Im a technical+ fundamental trader. Did well in Q1. However when Q2 rolled around, my winning setups stopped working on the same pairs I traded.

My technical anaylsis and fundamental tools were telling me strength/weakness, but the charts after I entered told me opposite.... So after reviewing my journal, I noticed this-

All trades i've taken in Q2 were to plan, but would get spiked in and out due to war talks, peace talks.

Markets have been operating on headlines in a risk on/risk off changing daily - those short setups on XXXUSD coming from risk on- no deal, ceasefire violations etc.
The longs coming from - deal, meetings, ceasefire.

I tried the same on XXXCAD - but same thing- CAD being huge with oil relations- when oil goes up, CAD typically does too. Strait being blocked, higher oil, higher cad. Being open, lower oil lower cad.

What am I trying to get at?

If your XXXUSD setups whether its GBPUSD EURUSD etc have NOT been working like usual, or XXXCAD- it might make sense to trade USDCAD.

Given that random headlines can cause massive spikes, I believe trading USDCAD is one of the safer currency options right now since their reactions are more contained.

Obviously you can look at different cross pairs as well, but that's my 2 cents in there! Happy trading everyone

Sup everyone!
Had a streak of 3 winning months before April hit. We all saw how bad I got missed in March, and still remained profitable nonetheless

April has been a struggle- risk on risk off changing everyday. Through that I struggled, even with fundamentals on my side- the risk on / off changing the outlook has not been kind to my style of trading.

What other L do you learn though?

LESSONS

I learned that my specific style in NY does not work on all pairs- mainly USD (which has been affected by risk on/off the most), CAD, and GBP

I learned that I need m1 momentum within my m3 m5 bos- would have saved another loss

I learned full loss mitigation - when my last m1 fvg is inverted in DD, cut it, it's losing (saved a few RR this month)

I knew that after reading price well in Q1 that there would be a dry spell- April showers am I right?

Your edge plays out over a long period of time, having a bad spell doesn't mean you don't know how to trade anymore- it just means that distribution is showing its hand, just keep doing the same thing and let it play out long term.

Fundys out