Hi all
Which moving averages do you find are the most important on your chosen currency pairs?
An example of what I'm looking for is that a few traders on these forums say a 200 day ema can turn price when it is hit (or at the very least they will monitor their positions very closely as price approaches). Obviously if this is the case then a lot of traders are placing orders when price comes near to this MA.
Which MA's do you pay particular attention to?
Are fib numbers important on moving averages, if you think they are then please explain why?
cheers
FXP
Which moving averages do you find are the most important on your chosen currency pairs?
An example of what I'm looking for is that a few traders on these forums say a 200 day ema can turn price when it is hit (or at the very least they will monitor their positions very closely as price approaches). Obviously if this is the case then a lot of traders are placing orders when price comes near to this MA.
Which MA's do you pay particular attention to?
Are fib numbers important on moving averages, if you think they are then please explain why?
cheers
FXP