Deepest apologies to all my subscribers to SummerGathers vol1, the first recovery initiative have admittedly failed. We will move on to the second recovery initiative. Will be trading EURCHF, EURUSD, EURGBP, USDJPY, USDCAD, CHFJPY and of course, AUDNZD to quicken the recovery process. Sorry for the long wait to be back on track. We seek your patience. Thank you.
SummerGathers vol1 hits its first stoploss. As mentioned, it is a high risk high reward signal. It happens and will happen again, nothing to hide. Next step is stick to the trading plan and focus on recovery.
1) They neglect fundamentals. Why?
- Because keeping up with the news is expensive - timely news that are actually usable normally requires hefty subscription fees.
- Because trading based on technicals, lagging indicators and price action is easy and cheap. But the results usually speaks for itself.
At SummerGathers, we believe fundamentals move the market, period.
"He that gathereth in summer is a wise son" Proverbs 10:5 Requires initial capital of at least USD$500. Our trading strategy lies in our belief that fundamentals move the market, not technicals. Key economic data that affects AUD & NZD currencies are closely monitored for fundamental analysis. We trade only AUDNZD and nothing else. Robots are picked, deployed and deactivated based on fundamental analysis, not technical analysis. Use of trading robots varies