Can we really ignore fundamentals?

[efex]

Even more so at this time, with impending war?

War may be priced in but for instance this afternoon Powell presentation is having an effect already, and he hasn't spoken yet not for another 7 hours.

Do fundamentals really show up on technical analysis?

JT

[RME]

Here we have the chicken and egg situation....
Bear in mind that technical trading is based on charts that reflect HISTORICAL price movements.

Personally I would not ignore fundamentals, especially when (as you pointed out) the market is more interested on the odds on war than if trendlines have been broken, witness today's U turn in the Euro.

Use both to complement each other, because the technical readings will show you where bids, offers and stops are most likely to be. .. The euro just hit a base at 1.0817 ... also the low in Asian trading on Tuesday morning(overnight). If the euro moves lower keep an eye on 1.0765/70 area, right now it's a bit ovrsold and Powell is wrapping up so less chance of any further surprises.

[efex]

It took me by surprise I must admit, I was stopped out on cable in a blink but fortunatly with a tight stop. Didn't a Swiss bank sell 1 billion euros, I shouldn't think it helped.

For me these are odd trading conditions even for cable, it seems whatever decision I make I should trade the opposite and maybe then I would make a profit

Using both I get contradictory messages and end up totally confused, but maybe I will give it another try.

GL & GT


JT