Pob,
I'm a bit 2 sheets to the wind right now but I'l ltry my best, basically, them, I know the ways of folks in the big banks, I've been in a few, and in my experience they could nt care less about MA's or many other tech indicators either. They barely know about them from one week to the next. (yes they may know the theory but they dont' care about it and it don't influence their reasoning, they've probably forgotten it exists).
Levels (horizontals) against the euro, gold and $ are what I suspect concern them.
But still whatever's on their minds, it don't affect my trading.
But actual price levels, yes. I think they pay attention to that. Because they are numbers. And those make sense to their way of thinking.
Just my experience.
I'd never really paid that much attn to this its just stuff inmy head, just back of my mind type stuff, cos it don't matter at all to my trading, but when I read Virt0's post, this all clicked in my head and made me try to imagine the board of a big bank or a central bank eg the SNB;s head of currency manipulation dept scrutinising the 200MA as if there is a holy grail within that will save their currency, like if they just try to buck the 200MA they will have fooled and beaten the market and strengthened their currency.mission fulfilled.
That picture just don't convince me.
Thats why I gave the rep.
Of course I'm not in the SNB and perhaps the 200MA is their real big thing. But I'd bet against it.
