@gaurav5455 on GBPUSD | PriceONN Community
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This week was quite volatile for GBPUSD. I had a few stop losses triggered due to unexpected swings. I'm trying to incorporate weather data analysis into my trading strategy, but it's proving to be challenging. The correlation between weather patterns and currency movements is not always clear. I'm thinking of focusing more on technical indicators like RSI and SMAs for now. Need to find a better balance between fundamental and technical analysis. Hope next week will be better.
Replies
@gaurav5455 Weather data analysis for trading? That's interesting! I've never considered that. tbh, I think focusing on the technicals like RSI and SMAs is more reliable, especially as a beginner. Maybe stick to those until you're more comfortable? Keep it simple first.
Gaurav, incorporating weather data sounds interesting but complex. Perhaps focus on simpler correlations first, like major economic news releases, before adding more variables.