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Basically, I think it is impossible to make money trading FX (or any other market) by using technical analysis alone. No matter what indicators, time frame or system you use it cannot work in isolation. These markets work on so many levels with so many influences, inputs and indicators that to limit oneself to one seems to me a little naïve. Read more: http://www.sarrafx.com/en/view-blog-article/46/Why-wear-blinkers?
