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ovaforty replied Nov 25, 2008We have a 5 sma high/low crossover on the daily....
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 25, 2008
You are correct. Lots of wood to chop in that area. It wont be easy.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 25, 2008
Short term, yes. There is an attempt to lure money back in for the big fall to come later.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 25, 2008
Very nice move.... I see a quadruple top with a higher high. I see huge wicks. Huge battle going on for control. You cannot trade it without getting blood on you.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 25, 2008
This is where discipline is needed. Patience. Wait for the right moment. Let the newbies play for now.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 25, 2008
Remember last week when wall Street crashed and asian stocks ignored it? The big money players who missed that move and the move that happened in commodities along with it, want to drive price down to get in cheap.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 25, 2008
She peeked above the 38 fib today. she is telling us where she wants to go....
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 25, 2008
This is the reason for the craziness
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 25, 2008
Wise move. Consolidation means both ends of the range must be tested before breakout.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 25, 2008
USD will get hammered in the future. I just dont know when.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 25, 2008
We are in consolidation for a big push.....
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 25, 2008
I am seeing that Wall Street isn't calling the shots right now. Last move up began in Asia. Wall Street is bankrupt.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 25, 2008
Malcomb, Your chart looks to be beginning wave 5 up?
Auslanco - GBP/JPY and GBP/USD (newstrade)