In today’s webinar, I discussed the recent fundamental events that have moved the markets. I also shared how the governments are manipulating the figures to keep the inflation figures down. I went through some stocks and then M2 setups.
Ashley then shared the E&S pairs and also the shorter timeframe setups.
Day trader Junkie
For the past couple of weeks, I saw members struggling to catch trades so I thought ill do a little experiment myself. I started trading shorter timeframes using 30 min charts. The results?
It was the first time in many years I felt like I went back to my old days when I started trading. I took around 7 setups that week using shorter timeframes. I sat there for a few hours trying to force trades and looking for setups. I was getting addicted to take a trade as I was watching the charts and not doing much. By the end of it all, I was actually quite exhausted most of the days as I was watching the screen too much and I’m actually now in a drawdown of 0.5%.
Conclusion
I would strongly advise sticking to the Longer timeframes as this is what changed my trading results. I went from my Day trader Junkie to a person trading a million-dollar funded account within a year. The big boys focus on the bigger picture, look at where the currency will head in the next 6 months, and invest in that direction. The shorter timeframes have too much noise. As I showed you in recent weeks my M2 roared back and still gave me profitable trades, but you have to be patient.
Fundamentals
After the FED gave clues of raising interest rates further and the risk of recession, the markets saw this fear and bought the $. We saw the S&P500 drop which was the worst week in 2023.
It’s getting more obvious in the sense that markets cant bring down inflation or control it without actually raising rates further. But this brings the risk of a recession recent papers mention.
Here is a reminder of the US debt clock which I don’t think will ever be repaid. Also, the US hit its debt limit again this month crossing $31 trillion which was increased by Biden last year. So what will they do next? I think it’s quite obvious.
Here are a few sites showing the true debt figures in US.
A report showed in January Germany going into a winter recession as Private consumption hits a low. As a result, annual GDP growth for 2022 was also revised downwards to 1.8%, from 1.9% YoY. It’s funny how Lagard was trying to explain inflation will peak a little and come down with her hand. Where is she now?
None of the Forex Mentor Pro team nor its owners (expressly including but not limited to Marc Walton), officers, directors, employees, subsidiaries, affiliates, licensors, service providers, content providers and agents (all collectively hereinafter referred to as “Forex Mentor Pro ”) are financial advisers and nothing contained herein is intended to be or to be construed as financial advice
Forex Mentor Pro is not an investment advisory service, is not an investment adviser, and does not provide personalized financial advice or act as a financial advisor.
Forex Mentor Pro exists for educational purposes only, and the materials and information contained herein are for general informational purposes only. None of the information provided in the website is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, recommendation or sponsorship of any company, security, or fund. The information on the website should not be relied upon for purposes of transacting securities or other investments.
You hereby understand and agree that Forex Mentor Pro, does not offer or provide tax, legal or investment advice and that you are responsible for consulting tax, legal, or financial professionals before acting on any information provided herein. “This report is not intended as a promotion of any particular products or investments and neither Forex Mentor Pro group nor any of its officers, directors, employees or representatives, in any way recommends or endorses any company, product, investment or opportunity which may be discussed herein.
The education and information presented herein is intended for a general audience and does not purport to be, nor should it be construed as, specific advice tailored to any individual. You are encouraged to discuss any opportunities with your attorney, accountant, financial professional or other advisor.
Your use of the information contained herein is at your own risk. The content is provided ‘as is’ and without warranties of any kind, either expressed or implied. Forex Mentor Pro disclaims all warranties, including, but not limited to, any implied warranties of merchantability, fitness for a particular purpose, title, or non-infringement. Forex Mentor Pro does not promise or guarantee any income or particular result from your use of the information contained herein. Forex Mentor Pro.com assumes no liability or responsibility for errors or omissions in the information contained herein.
Under no circumstances will Forex Mentor Pro be liable for any loss or damage caused by your reliance on the information contained herein. It is your responsibility to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content contained herein. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Marc Walton, owner of Forex Mentor Pro, communicates content and editorials on this site. Statements regarding his, or other contributors’ “commitment” to share their personal investing strategies should not be construed or interpreted to require the disclosure of investments and strategies that are personal in nature, part of their estate or tax planning or immaterial to the scope and nature of the Forex Mentor Pro philosophy.
All reasonable care has been taken that information published on Forex Mentor Pro website is correct at the time of publishing. However, Forex Mentor Pro does not guarantee the accuracy of the information published on its website nor can it be held responsible for any errors or omissions.
