Using technical analysis on forex charts is designed to get the odds in your favor. To trade on those odds you need meaningful data. Do not day trade - day traders never win as all short term volatility is random. Either swing trade, look for trades that last a week, or follow a long term trend.
Source: http://www.streetdirectory.com/travel_guide/37617/investment/forex_technical_analysis__6__simple_tips_for_bigger_profits.html
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