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ovaforty replied Nov 24, 2008price has now broken that 300 sma on the 3rd attempt. Hourly candle needs to close above it to confirm.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 24, 2008
price was rejected on the second attempt to break the 300 sma on my hourly chart. Selling interest is sitting there and needs to be absorbed.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 24, 2008
price is retesting that 300 sma now for the second attempt to break it.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 24, 2008
pink = 300 green = 22 I use a lot of sma's in my system. I stole the 5 sma channel from auslanco and the moms.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 24, 2008
You can see how price reacted when these 2 sma's got hit. I wait to see if it holds or breaks before comitting.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 24, 2008
i will use them for support and resistance areas along with candle formations, and fibs.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 24, 2008
145.32 is my hourly 22 sma 146.82 is my hourly 300 sma That is the range for now until a breakout occurs.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 24, 2008
price retraced exactly to my 22 sma on that hourly chart and bounced up. That usually provides support on the first attempt to break it to the downside.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 24, 2008
I called the that retrace when my 300 sma on the hour got touched. It usually provides strong resistance on the 1st attempt to break it.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 24, 2008
Obama is not saying anything that has not already been released previously.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 24, 2008
I am targeting 149.50, which is the green daily 22 sma, and the yellow weekly 5 sma close.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 24, 2008
146.46 is a previous swing high from 11-17 at 1600 candle on the 4 hour for what that is worth We have some wood to chop here
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 24, 2008
i am long again from 144.57 but scalping shorts at resitances.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 24, 2008
I took profit at the daily 5 sma high. Standing aside for now.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 24, 2008
Daily chart shows price testing the 5 sma high.
Auslanco - GBP/JPY and GBP/USD (newstrade)