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KISS. GBPUSD moves in 40 pip increments, whipsaw in 30 pip increments.
I set up an EMA TA - 8,21,55,144,377 that nearly reflects fib ratios - even better on price targets entry/exit
Overall cyclic price trends are seen with in this mathematical correlation on all currencies but each has its own quirks - of course.
Tuesday AM PST/London-NYT lapover - 21/55 crossover for short spot trade at 19484 - target 19417 using the EMA set up on Onada trading platform. This gave me a window of opportunity - 40 pips. However, I woke up late and only took 20 pips on the tail end.
Questions? forex@frontiernet.net No infected emails please.
Rich
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