Afternoon dull drums. Looks like it is bound between 1.4927 and 1.4909 on the 5m

Mild support at 1.4909 Would need to break this before continued short

Nikkei 225 — Nikkei 225 is up .61% and dragging the GJ with it. If markets reflect each other we should see a higher dow tomorrow and higher gj to boot.

Best Time to work aus system in EST in US — I also live in EST in the US. I've found the best times to trade are as Aus has listed them from 4:00 gmt (12:00am EST) to 15:00 gmt (11:00am EST) I've found most of the movement so far to happen ...

Charts are still saying long. Price above 50 sma (yellow) & 400 sma (green) on the m15 chart. Not planning on shorting unless we see the price below both the 50 and 400 sma's. Waiting patiently for entry.

10-18 17:00 resistance — Currently hung up on the high from 10-18-07 at 236.82. Trendline resistance.

.50 retracement from 229 — The m15 .5 retracement is around 235.05 area. This fib is from the last major upswing starting around 229. Could possibly see a reversal. Will wait and see.

Aus, Where did you learn to read the momentums like this? Your analysis is amazing.

ADX (14) — I'm showing an ADX of 18.4416 at this time in the 15 min timeframe. Market is ranging. Will wait till later for a clearer signal.

Hakuna, this is an indicator that I've used for fib placement. Not exactly sure where I found it.

Looks like were heading for the daily 5sma. Last gbp news pushing gj north.

Aus are we expecting a daily retracement back to the daily 5sma today?

Wow, woke up to find that that the daily qq5 has just broken downward. Haven't seen this since 7-26-07 Now all we need is some unexpected news to happen and we will be off south strong again.

Just crossed the std daily pivot @ 238.06

Thank you Aus and Karmo for help.

Aus, This may be a strange question but when setting these up is the "C" the MomPeriod?

Exit Strat for 15m — Is the exit Strategy for the m15 still the same? 1. exit if q5 crosses 50 2. take profit hit @ 100 pips from entry

I seem to remember aus mentioning having a SL above or below the pivot and 100 sma.

Currently using the London daily pivot which is at 237.26

Mine to showing a -1.3244 strong south. Looking @ the chart all down. Not even a hook pointing up.