I think the fundamentals really run the market, it is evident since the way traders give importance to this kind of analysis, I know some people really avoid this kind of analysis just because they don�t know how to do it, or because they don�t feel so comfortable with that. I think is important to know both but depends on you and your own strategy.
if fundamentals TRULY ran the show, many a good company would not now be down 75-90% in value – this game was a technical one only !
i think we shall find, as everyone did in the late 90’s, that this is NOT your fathers market, but one of retail and industrial traders, sitting at terminals and trading away using indicators, as will the “black boxes” once theyre perfect !
IT AINT YOUR FATHERS MARKET NO MORE !
mp
Which traders give importance to this type of analysis? Let me tell you a little secret, real professional traders use technical analysis to explain fundamentals because it’s the only thing that really matters. When you see someone on tv talking about what they think is going to happen in the market, they got it from their technical/mathematical analysis and then just put it into words/philosophy. NOT THE OTHER WAY AROUND! But you will understand later.:D:D
OK ---- its NOON, EST and CNBC cuts to their guy in the CBOT to explain why the market has suddenly just turned south, when all day it was going up and this guy comes up with the greatest story you can imagine, BUT we traders who do it every day KNOW THE MARKET ALWAYS TURNS AT NOON, so the mms can now short and get their money back from everyone who went long !
fundamentals are for those who like to TALK about things and technicals are for those who actually trade (NOT investing, where “supposed” fundamentals hold sway, but TRADING, inch by inch, slugging it out with 4 million other inch by inch traders !)
mp
Ok, thanks for let me know those things, I don�t think Ill learn it later because now I know it. So according with you the professional traders based on the technical analysis find a relation with the fundamentals and talk about that in a creative way�.mmm I see� you why in some forums traders said the contrary just to lie beginners?. 
There is also some kind of auto-justification. If you are (almost) mastering technical analysis, you feel more comfortable explaining it rules the world.
Technical is obviously a must-learn in forex. But not knowing when things like when unemployment date are getting public is quite dangerous as this kind of number can shape the market, at least for a few hours. If you day-trade, you have to be knowledgeable about it.
OK, let me try to explain it this way
entered two trades for GBPUSD last nite at 11PM, EST — set tp with no SL at 1.4919 knowing the price would touch a bit lower, but since i was sleeping, i gave it some “breathing” room.
Up this morning to a 280 pip move where my tp was hit at 1.4919 and true bottom was 1.4911.
DONE by simply using trend direction, LRC and support and resistance overlays.
TECHNICALS are how the market is traded — FUNDAMENTALS are whats discussed around the water cooler !
this DOES NOT incude the trades that came home on EURUSD AND EURCHF
my opinion of course
mp
Fundamental Traders=Conservative
Technical Traders=Democrats/Republican
Technical traders already know where the market is going=Democrats/Republican already know where their vote is going
Fundamental traders wait until the last minute to see what the news is saying(even though it doesnt really matter)=Conservative voters who wait until the last minute to vote for who they think is going to win…
Hi MP, why 1.4911? I’m looking at GBPUSD and would love to know why you thought that. Worked out well, obviously, but looking at a chart, if I had a downward bias, I could say:
1.4990 obvious support (it smashed straight through that)
1.4900 off the back of an LRC from the most recent high
1.4979 38 fib
H1 and H4 using the lower channel and the accumulation/distribution indicator showing percentage of downside.
barrys support and resistance also showed support down there.
if i had waited till 1:30 am est (stayed awake, that is) i could have hit it lower, but takes time for an H1 and H4 candle and information to form, and bed was FAR more attractive at that moment in time !
the moves covered themselves on the chosen tp which allowed me time for coffee and a few McGiver kisses, where i picked up the continuing downside move during the day
mp
I�ve heard experts do fundamental analysis based on the technical analysis, I mean, after analyze charts and identify the market movement they found relations with the events and the news, I�ve never do fundamental analysis I don�t know how so I don�t really know if it is true or not. If anybody knows please let me know.
it is far easier to do fundamental analysis BASED on technical analysis ------
in most worlds its called HINDSIGHT !!
mp
Conservative should be Independent! I knew something was wrong when I read it…:o