KMJ MABOKELA

FROM BEGINAR TO PRO

(FUNDAMENTAL)
NB: IN THIS PDF BASIC KNOWLEDGE OF FOREX IS NOT INCLUDED ,VISIT
YOUTUBE TO LEARN BASIC INFORMATION ABOUT FOREX

HOW TO ANALYSE FUNDAMENTALS

ANALYSING NEWS RELASE IS ALL ABOUT KNOWING THE DAILY LIMIT
OF THE MARKET
THE MARKET CANNOT KEEP ON RISING NOR FALLING, WHAT GOES
UP ALLWAYS COME DOWN, AS SUCH THE FORMATIONS OF WEDGES,
M’S AND W’S WILL ALWAYS FORM AS A RESULT.
THERE SHOULD BE A PROPER FORMATION OF A WEDGE, M OR W
EVERY TIME BEFORE THE NEWS RELEASE.
AN
A WEDGE FORMING AFTER AN AGRRESIVE MOVE DOWNWARDS
SIGNALS A BUY AND A WEDGE FORMING AFTER AN AGGRESSIVE
MOVE UPWARDS SIGNALS A SELL
ANOTHER THING TO BE MINDFUL OF , IF YOU SEE AN AGRRESIVE
MOVE EITHER DOWNWARDS OR UPWARDS BEFORE THE MAJOR
NEWS RELEASE ALWAYS TAKE A TRADE IN THE OPPOSITE
DIRECTION .
EXAMPLES
 THE ABOVE SCREENSHOTS ARE EXAMPLES OF M FORMATION
BEFORE THE NEWS RELEASE , YOUR ENTRY POINT SHOULD
ALWAYS BE 3 MINUTES BEFORE THE NEWS RELEASE AND
ALWAYS USE A 15 MINUTES CHART .
 THE FIRST LEG AND SECOND LEG OF YOUR M FORMATION
SHOULD ALWAYS END WITH A REJECTING CANDLE (PIN
BARS).
 THE ABOVE SCREENSHOTS WERE EXAMPLES OF THE W THAT
FORMED BEFORE THE NEWS RELEASE .
  NOTICE THAT ALWAYS THE FIRST LEG AND THE SECOND LEG
OF THE W ENDED ON PIN BARS (REJECTING CANDLES)

M AND W SUMMARY
 10 TO 15 MINUTES BEFORE THE NEWS RELEASE , ANALYSE THE
PAIRS RELATED TO THE NEWS RELEASE AND LOOK FOR A PERFECT
M OR W SET UP THEN TAKE A TRADE REMEMBER THE STRATEGY
ONLY WORKS ON MAJOR PAIRS (MOSTLY TRADED PAIRS),WHEN
TAKING A TRADE , THE STOP LOSS SHOULD ALWAYS BE ABOVE THE
M OR BELOW THE W .

MORE EXAMPLES
THE ABOVE SCREEN SHOTS SHOWS YOU THE AGRESIVE MOVES UP OR
DOWN BEFORE THE NEWS RELEASE ,IF THE AGGRESSIVE MOVE IS DOWN
, THE NEWS RELEASE WILL GO UP AND DOWN IF THE AGGRESSIVE MOVE
IS UP .NOTE THAT THE NEWS RELEASE WILL ALLWAYS GO TO THE
OPPOSITE DIRECTION OF THE PIN BARS AND THE AGGRESSIVE MOVES

EXAMPLES OF SELL NEWS RELEASE SET

UP’S
THEY ARE NOT ALL BUT AS YOU CAN SEE M FORMATION OR AGGRESSIVE
MOVE UP AND PIN BARS
EXAMPLES OF BUY SET UPS BEFORE THE
NEWS
NEWS RELEASE TO TRADE
GBP
1. RETAIL SALES
2. INTEREST RATE
3. GDP +MANUFACTURING PRODUCTION
4. SERVICE PMI
5. MANUFACTURING PMI
6. CONSTRACTION PMI
7. GDP(QOQ) +GDP(YOY)

USD
1. NFP
2. INTEREST RATE

CAD
1. INTEREST RATE
2. CORE CPI +CORE RETAIL SALES
3. RETAIL SALES
4. EMPLOYMENT CHANGE
5. GDP(MOM)

EUR
 INTEREST RATE

AUD
1. RETAIL SALES
2. GDP(QOQ)

NB :ALWAYS USE AN ECN BROKER OR

A ZERO SPREAD BROKER