Technical & Fundamental trading

Hi everyone. I have began my forex live trading career after years of research and development. I'm happy to report things are going ok, but there's still much more room for improvement. My strategy however is purely technical and aside from filtering big news, i never look at fundamentals

I'd like to know if this is something i should really look to improve, and maybe if i can use fundamentals to filter bad trades? I havent considered this before as i am more of short term trader using medium sized renko charts.

thanks for your help guys

Hi and welcome to trading. I am a long-term forex trader so news events don't make much immediate impact on my trades - most bad news comes out during downtrends, most good news during uptrends, its rare to get some unexpected or planned news that reverses a trend overnight.

But if trading short-term, the volatility and widened spreads around a news event can be enough to stop a good trade out or to trigger an opening order on a bad trade. My advice is to never trade intra-day. But if you must, I hear from many successful intra-day traders who close their trades or tighten their stops around news events.

I don' read anything on fundamentals and don't take them into account on setting entry orders or stop-losses.

It's okay to follow technical analysis. There are many traders who only follow technical analysis like you are doing. It's all about how good you are doing with it. If you wish you can learn fundamental analysis also. But it's not a mendatory for now. You can happily go with technical analysis.

I only use fundamental analysis to know when a trend may appear. Hope your well