fundamentals and their place in YOUR trading?

[Chartsy]

this is a stupid question i suppose, but after a month or so of trying to be an economist , i think i've realised fundamentals have their place and weighting in everybody's trading style... for example i like to just wait for a trend, wait for a pullback then go for it. recently though i've been asking 'why is this happening? why is the market going up?' and i thinkit's realy interesting to read the news, read some books on the subject, and overall i think they are about 20% of my analysis, the rest is visual discretion really. My point is ; in your trading, where do you place fundamentals? don't you think that your buying of support would feel more 'proper' if you new there was some good fundies backing it?
i think it's good to feel in the know,and have better confidence, and overal i don't think i could trade soley off them...

 

[Shikamaroo]

once upon a time, someone here told me that a traders job is to trade and wasting time guessing why and which one of the dozens of possible reasons is causing the move is counter productive, if you're day trading that is. I do however like to find out after the move has occurred what was the cause so i can talk about it like an expert and feed my ego which the market likes to humble.

oh yeah, i stay out immediately before and after all FA's most of the time

 

[Traderesq]

I trade primarily using technicals but I like knowing what the fundamental news events are to have a better sense of how big the moves might be and what mentality other traders in the stock will likely have because of the fundamentals (for a simple example, if there's a significant buyout rumor in a stock that is heavily shorted, then a ton of those traders will be freaking out and covering their shorts very aggressively).

 

[shadowninja]

Well, Robert Peston is well-respected for his comments on the latest economic news. He's paid to give analysis by the BBC and is admired by viewers across our great land. Except I doubt he has taken a trade in his life because he can only say what has happened not what will happen, and so he has to resort to standing outside the LSE at 7am on a raining, blustery day giving the latest analysis. If he were really any good, he'd be on his yacht in Barbados sipping cocktails. And I won't believe you if you say he'd rather be standing in the icey rain than lazing on a yacht in the blazing sun.

 

[Martinghoul]

To me, "fundamentals", as you call them, are everything.

 

[iota]

Fundamentals (so far for me) seem to offer opportunity more than they do a regular way to trade. Like yesterday EUR/USD:

Irish bond auction goes well, EUR/USD rallies​

US Building Permits come in at under July levels, EUR/USD rallies a bit more. I entered just after at 1.288.​

Geithner (US Treasury Secretary) speaks and says nothing good, EUR/USD goes real bullish but big swings, and goes over 1.291. I had T/P at 1.291 but a stop at 1.284 and got stopped out by the swings.
​

Normally I don't trade EUR/USD, but I spotted an opportunity based purely on fundamentals. Shame I fluffed it by having my stop too tight.

 

[Savana Jhones]

I trade primarily using technicals but I like knowing what the fundamental news events are to have a better sense of how big the moves might be and what mentality other traders in the stock will likely have because of the fundamentals (for a simple example, if there's a significant buyout rumor in a stock that is heavily shorted, then a ton of those traders will be freaking out and covering their shorts very aggressively).

I do like to know some fundamentals like you want to know as, I am beginner and would like to move in a way to get better benefits of trading.