For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
The trading environment (market) isn’t controlled or traded by a single strategy neither do you approach your analysis with just technical or fundamental analysis only. You just might need both and with the other serving as some confirmer of the other. Just like some of the combine use of indicators.
The market continues undergo certain changes which remains unpredictable on analysis that works or strategies. You just do your most to ensure your not guessing on entry and exit points, learn from your mistakes and wins in the same way.