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MattW replied Oct 30, 2009
Am I right in saying you are taking a long on AUD/JPY from the Sunday open? What about GBPY/JPY which closed after a second bounce on the 148 PPZ - would you take this as a long too?
james16 Chart Thread

MattW replied Oct 30, 2009
M (it's alright, I'm not stalking you!) & Benji (good to see you again!), I suspect that MAs and Fibs work for the same reason that PPZ and PA do - they are a self-fulfilling prophecy. So many traders are watching them that price responds to them ...
james16 Chart Thread


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