What we are assembling
The whole course compressed into one repeatable weekly loop. Nothing here is new — it is the same pieces from Parts 1 through 3, in the order you actually use them. The value is in the ordering and in doing it consistently.
The loop
- Scan — pull the week's events, filter to those that can move the rate path or the growth view.
- Price — for each, note consensus and what the market has already positioned for.
- Score — compare the economies involved and compute the unpriced divergence.
- Plan — write the action for a big beat, a big miss, and an in-line print before the release.
- Size — cut size for event risk, or stand down. Decide while calm.
- Review — log the actual, the surprise, and the reaction. Build the dataset that tells you which releases you can actually trade.
The one-page version
- Never trade a release without knowing the forecast.
- Surprise size is measured in standard deviations of that series' own history, not percentage points.
- What is priced matters more than what is forecast.
- Cut size around events — do not widen stops at constant size.
- Noisy series need three prints before you believe them.
- Require a mechanism before believing any seasonal or correlation pattern.
What this framework deliberately omits
No prediction model, no "this indicator calls the top" claim, no promise that any of this is a standalone edge. Macro analysis tells you where the risk is and what is already priced. It does not tell you the future. The traders who survive are the ones who use it to avoid bad risk rather than to justify big bets.
Before you risk money on this
Run the loop on paper for a few months. Log every event, your plan, and what happened. If after fifty logged releases your plan is not beating simply standing down, then standing down is your edge — and that is a perfectly respectable conclusion.
What you now know
You can read a calendar, quantify a surprise, judge whether a series is trustworthy, work out what is priced, map a shock across assets, and size for event risk. More importantly, you have a process that makes your results diagnostic rather than lucky.