i can cure chartists, page-7

ocker

you prefer to stick to fundamentals

Fair enough

to use your same gold example, your fundalmental analysis of gold based on what major currencies are doing, gold reserves, world conflicts and what ever else all point to gold rising, so you buy gold

a few days latter a central bank announces it is off loading 80% of it's gold reserves and the gold price drops sharply

wouldn't the same example you used to prove that T/A does not work in this case also prove that fundamental analysis also does not work???

Fact is no system is going to come anywhere close to 100% full proof

However in your case of gold dropping after you go long due a central bank selling T/A can help in deciding if to cut your losses or hang in there depending on where it dropped to and where the support and reistance levels are.