"because that was already discounted by the market"
That's the keypoint of all this conversation, foundamentals effects are shown on the chart.
Chart tell you the past (what price have done from x days/minutes/hours till now), and foundamentals tell you the past too (because market already discounted every foundamental situation).
Now, knowing this, the chart surely tell you much more about what may happen next, while foundamental really can't say nothing about future. That's why traders use charts and use technical analysis to make money, analysts use foundamental to do their job, but they don't trade, they are not traders.
If you want to trade, open a chart and forget about every foundamental.
(yes foundamentals are still much important, because when news are released many trades are done, it is like a fuel.., so in that situations it's better to not have big exposures for risk-control reasons).
Make sense?
That's the keypoint of all this conversation, foundamentals effects are shown on the chart.
Chart tell you the past (what price have done from x days/minutes/hours till now), and foundamentals tell you the past too (because market already discounted every foundamental situation).
Now, knowing this, the chart surely tell you much more about what may happen next, while foundamental really can't say nothing about future. That's why traders use charts and use technical analysis to make money, analysts use foundamental to do their job, but they don't trade, they are not traders.
If you want to trade, open a chart and forget about every foundamental.
(yes foundamentals are still much important, because when news are released many trades are done, it is like a fuel.., so in that situations it's better to not have big exposures for risk-control reasons).
Make sense?