another gold nugget from TAF
https://www.forexfactory.com/thread/...94#post2615794
https://www.forexfactory.com/thread/...94#post2615794
QuoteDislikedI had been thinking for the longest time on how to answer you.
You said you are new to forex.
and You do good tech analysis. I suspect you are new to Tech Analysis as well. Because Technical analysis is just tools traders use to assist in their decision process and feel of the market undertones. It is difficult to determine good or bad analysis. The analysis can only guide to formulate strategic response to the trading. If you hit the wall often although you think you may have the correct outlook, then the problem may exist in your strategies.
Fundamentals and events drives the market. Technical Analysis does analytics on the foot prints of the fundamental impacts that had been factored into the market place. Therefore it would be impossible to trade the markets ignoring the driving forces , without which , there would be no movements in the prices.