Forex Direction Strategy

By Matt Speler

This is the world's first book of its kind. It can be safely referred to as a pioneering initiative because it is entirely novel. How would you feel about buying a book that covers a topic that has never been covered before? 

 

For more than 14 years, the book's author has been researching market secrets. He eventually began keeping tabs on the activity of institutions, analysts, bankers, and other significant and powerful market participants. His efforts have resulted in this publication.

 

It's more than just an ebook. This is our manifesto and an effort to demonstrate to the world that this knowledge and the methodology in which it is demonstrated are on a completely new level. This book demonstrates how to determine the goals of the market participants who determine price. It is not a technical or fundamental analytical book. It is a book about market direction, market sentiment, and how to read emotions in relation to the most crucial information. This book teaches you to think like those who are successful in the same market that you are in. It is a manifesto of information.

 

Let us share some crucial information with you! Each and every bit of knowledge, news, and data may be worthless on its own. You can get a helpful indication of the direction of the market, though, if you know what the best ones believe about them. Yes, you will learn the details. And the truth is that possessing this knowledge will instantly elevate you to a level that many players will never reach.

 

What you will get from reading this book?

1. You will understand what the sentiment is and why is it so important on the market
2. You will find where to get key information and news
3. You will learn how to analyze information and how to recognise the market sentiment
4. You will learn how to use the sentiment to successfully navigate the market and create a daily strategy of direction
5. You will learn what the flows are and how they can support your investment decisions
6. You will understand how the real volume can support precision trading and, at the same time, it will be an introduction to the next part of our series 

• Language: English
• Publisher: Matt Speler
• Release date: Feb 25, 2022
• ISBN: 9788396414700

Book preview

FOREX

Direction Strategy

Risk Disclaimer

Trading Forex and CFDs with leverage involves a significant risk of loss and may not be suitable for all investors. Trading such instruments may result in the loss of some or all of the funds invested. Please note that past performance is not a forecast and will not affect future performance.

The content of this book, www.thespeculant.com and all TheSpeculant social media channels does not constitute financial or investment advice. All the above-mentioned information is of a general nature and does not take into account your life situation, investment experience or current financial situation. They are only educational and informative.

Any information provided in the book and TheSpeculant online sources are not an incentive to open a transaction. They only provide an overview of the historical situations on the chart and the behavior of other market participants. They are only the private opinion of the authors.

The authors are not responsible for the decisions made by readers of this book and any TheSpeculant Internet channels. Readers and users take full individual responsibility for their decisions and at the same time accept and are fully aware of the risks they bear when trading in leveraged markets

Any links to other internet sources and articles are for general information purposes only. The authors are not responsible for the content presented in the other sources indicated. The reader is obliged to read the documents on the use and information about the risk on these websites and online services. Readers fully accept this and are required to obtain and accept this documentation.

The material contained in the publication is of general nature and presents general market knowledge and market information from many market participants. The authors of the book are not responsible for the quality of these materials and for any errors.

The authors of the book give no guarantee that the material and knowledge contained in this book will work in the future and disclaim all responsibility for decisions made by the readers.

The volume, template manager and sentiment tools are materials / market information created on the basis of information from other market participants. They illustrate the views of these participants on the market situation. The authors of the book are not responsible for any losses incurred with the use of these tools. They are for general information purposes and each reader / user uses these materials at their own risk. These tools are not an incentive to open any transactions and are not an incentive to make investment decisions. Sharing them is for educational purposes and the authors disclaim any responsibility towards other users of these tools.

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I dedicate the book to my wife and children who bravely waited for many months for me to finish the whole series and supported me in difficult moments.

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Matt

Table Of Contents

INTRODUCTION TO THE SENTIMENT ANALYSIS

SENTIME NT ANALYSIS GENERAL VIEW

DETERMINING THE SENTIMENT

FLOWS

INFORMATION SOURCES

SUMMARY AND LIVE DECISION-MAKING

INTRODUCTION TO THE SENTIMENT ANALYSIS

Hello reader. You came here because you are probably fed up with colorful trading systems. You would like to be a good trader, but you don't know what literature to read, what training courses to take, etc. In this publication, we would like to share our experience. Our trading group numbers several dozen traders. Every day we face the market and learn its secrets. The most experienced traders have been operating on the market for 14 years. Each of us started with different kinds of techniques. However, their main flaw was statistics. It was based either on some historical indicators or on a methodology that did not understand why something was happening the way it was. What mattered was the statistical profit making. This path often leads nowhere. This publication will show you how you can learn about the intentions of the market and find information that is used by the greatest in the market. We should remember that those are people who trade in the market. They are not supermen or avengers. They are just ordinary people with experience, but they take risks as well, so they need to find the information they need to make the right decisions. This is where the whole point is. Proper analysis of the information will allow you to get to know the data, the processing of which will give the answer to which direction the market may go and why!! Thanks to this skill, you will be able to think like the greatest traders and make similar decisions. It certainly takes practice and experience, but with thespeculant.com you can try to analyze the market sentiment yourself, and at the same time access short notes from market practitioners, which are a general summary of the market sentiment, and which allow you to learn about what is market interested in at a given moment. Here, too, statistics can be a base, but in addition, all decisions are conscious and made in accordance with the reasoning of large analysts, traders and institutions. We will not cover in detail here the question of fundamental or technical analysis. These items naturally affect the market, but we exclude them here. Simply, based on the information obtained, we want to show you how to interpret it and how the market enforces it. Remember that this is not the holy grail.

There are a lot of speculators and manipulations in this market, so it is necessary to apply appropriate security measures and orders securing profit, asset and limiting possible losses. Before we go on to the details, let me show you what the sentiment analysis from the end of September 2020 looks like. And how the market respected it. At the beginning, we will present solely the sentiment that our clients have received. Then we will show how the market respected it, and then we will move on to the presentation of articles that were used for these purposes. Also in this publication you will learn which analysts and what websites to follow in order to get as much useful knowledge as possible. This publication, in order to simplify and understand the topic as much as possible, will be based on only one source, but as you gain experience, you will be able to develop your knowledge and skills by using other interesting sources. Let's not waste valuable time and move on to the second chapter devoted to the demonstration of the analysis of sentiment. Remember that this sentiment arises at the beginning of the European session, a few hours after entering the Wallstreet market. It is not a delayed indicator, but it may happen that news will emerge that will negate it and reverse the sentiment. You need to be aware of this in order not to fall into the trap of static trading systems again, but to start thinking and acting like professionals. The absolutely brilliant and world-famous forexlive.com website comes forward with the analysis of sentiment.

The analysts who post information here are high-class specialists and can search for reliable information and, above all, classify it accordingly. Learning to analyse the sentiment will not be complicated at first and you will avoid having to verify your sources and reading huge amounts of content. Analyzing the daily information from forexlive.com will take you about an hour a day, but the information you will get will allow you to form an opinion about potential market movements. Much of this information is duplicated by various other analytics services, thanks to what we can clearly state that this information has a huge range, which is what it is all about. Obtaining broad-based information increases the likelihood that our conclusions will be similar or the same as those of professional individual and institutional traders. Let's move on to the first analysis.

SENTIME NT ANALYSIS GENERAL VIEW

In these analyzes we present the situation for the EURUSD and GBPUSD. Every day, we create a sentiment for a dozen or so instruments, depending on how much traders are interested in a given market. The first thing to remember is that it is not always possible to determine the sentiment of the market. Sometimes the information is contradictory, it does not repeat in different opinions, so you have to have the courage to say directly that there is simply no sentiment on a given instrument. Sometimes it is less transparent, but it cannot be ruled out, and other times it is so strong that the situation is simply indisputable and here in a later part we will show such cases on instruments such as e.g. USDCAD or SP500.

Let's start from 24/09/2020 - This is the information that appeared in our subscriptions and individual trading boards:

EURUSD- Europe continues to struggle with COVID19. The data from the German economy fared better and Germany is doing well compared to the rest of Europe. EURUSD is on the fourth day of decline and is currently separated from the 1.15 level by technical support 1.1650-25. On the other hand, analysts see a general dominance of supply below the 1.17 level. Breakout of support at 1.1625 may open the path of supply, although according to analysts, declines lasting several days may soon be the driving force behind the correction. However, be careful with the stock exchanges. Possible further declines today may put pressure on the USD consolidation.

GBPUSD- Supply is still favored by many factors. However, the pound hit 1.27 and today Rishi Sunak gave good news regarding the extension of the support. However, is this enough for the market? There are analysts who believe that such information could help the pound draw the correction. You just have to watch out for dollar flows. An additional subject for observation is the Brexit issue and possible comments by Michel Barnier (BREXIT negotiator on behalf of the EU) on the talks currently being held in London.

On EUR / USD, the situation indicated that Europe was still struggling with an increasing number of COVID19 cases. The EURUSD was at that time after a series of several days of declines. However, after such declines, confirmation of further declines could take place if the price broke the 1.1650-1.1625 level. However, after so many days of declines, the market expected a correction from around these levels. They meant an upward correction, i.e. strengthening of the EURUSD. So let's see what the situation looked like:

Chart 1 - EUR/USD, M30, September 24,2020

The price rebounded exactly from 1.1625 level and on that day the market closed above the opening of the European session. In fact, there was no clear indication of the continuation of the trend on the sentiment, and on that day the price support stopped further sell-off. We will talk about what information could be used to read the sentiment later in the publication. Here we focus mainly on the reactions, and we will show later that this information is not made up but in fact represents a real analytical position. In addition, the focal point here is the important level 1.1625.

Important Notice

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If the market decreases / increases, and the analyzes do not provide further ranges, the market will most likely defend this level. A similar situation occurs when such a target is specified, but far away - by a minimum