fundamental trading

is anyone having success as a fundamental trader? does anyone trade NZD/USD? does anyone trade the Japanese economic reports?

I don't do much on fundamentals other than know when things are happening. I was about to trade the Yen after this evening's announcement, but something important distracted me at the crucial moment (116.95). My wife needed help with a choice of clothing for the evening....... and the next time I looked it had all happened. But she looked great!

NZ looks sweet for the time being. If it carries on up, I am guessing () that there will be sticky points around 6610 and 6760, possibly topping out at 6855, but not for a while yet.

nothing moves the market like us news

I don't usually trade the Japan reports, but tonight I traded the Japan Industrial Production report. This is one particular report that is a slow mover, it's not necessarily spike-tradeable but it will move if the numbers are off enough. I got in on the retrace about two hours after the report (the number was very yen negative) and got an easy 21 pips on USD/JPY (it took about two hours).

If you would have been ready at the time of this report, it could have been a clean 20-25 pips, provided your broker has decent spreads during news time.

There are lots of ways to profit from fundamentals, I'm just starting to learn the ropes myself.

Keith

Most of my decisions are based on fundamental data and Ive only recently started trading the Yen. Im finding it a lot harder to follow than the Eur/Usd. I think this could be (correct me if im wrong) caus its further 'removed' from me than the USD or the Euro (in the sense that there is probably a whole slew of data and opinions printed somewhere in Japanese that I can't read.