Talking Points:
• As traders, we should apply a strategy consistently to improve the probability of our trades
• One avenue of a strategy is the analysis phase, which we discuss in today's video
• We apply the Fundamental, Technical and Market Conditions review to EURUSD, GBPUSD, AUDUSD and USDJPY
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There are many aspects to a fully-established trading plan, but the very first element is our analysis of the currency pair or market. Is the setup we are assessing a high-probability opportunity or simply alluring due to a technical pattern or upcoming event risk? In today's Strategy Video, I present the checklist of Fundamentals, Technicals and Market Conditions that I use to establish how promising a trade setup actually is. After discussing each aspect, we use the checklist on the majors - EURUSD, GBPUSD, AUDUSD and JPY.
For more on a Full Trading Plan, read James Stanley's article on the topic here.
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