5 day = 132.6350
10 = 134.3903
20 =135.1324
50 = 133.3938
100 = 132.9733
200 = 138.2023
253 = 137.6981
See the ,top at 137.00’s and shorts. See oversold at 131.00’s. The imperative is to use correct averages derived from Fix prices rather than chart averages because chart averages are miles off and wrong. Would anyone honestly take USD/JPY long from high 136.00’s to target 137.00’s. The trade hit target but what a gamble to roll the dice in such a way and to gamble with trader subscription money. But this is common practice today as chart averages lead traders down a losing road.
Brian Twomey
BRIAN TWOMEY ON TRADING 