{quote} Hi, there Major MAs such as 50 and 200 EMAs are something all the major players are watching closely. It works perhaps because it has self-fulfilling prophecy. When you watch Bloomberg TV, you can see they are mentioned often. Weather forecast in a big picture is not random. You know it becomes cold at winter and it becomes hot at summer. People expect nat gas demand increases in winter and summer and deceases in spring and autumn. That's not always true but predictable enough to make money. The following picture is a historical nat gas...
Oil Gold Gas Soya is 100% predictable. They've been predicting for centuries, someone in Japan even found a very useful indicator to help predict these, called candlesticks.
Now Forex Market...
Company A bought X amount of Euro's worth y amount of USD to acquire particular start-up in the UK and this transaction causes Euro's to appreciate in X amount in value.
Now using your perfect gas and winter example above, why would you predicted this companies business transaction? So that you had profited from going long on EURUSD pair?
Those 0.01 add up you know...
I feel like a failure.
