Dislikedyes eventually - but by the time "eventually" arrives - most traders would have blown their accounts.
i agree with fibs, ta's etc etc - matter of fact if you look at my posts - when GBP/JPY was at 204 - i had called 188 and taken a trade.
today is different - LEH dictates, not fundamentals, not technicals. Had LEH been sorted yesterday - dollar would have rallied today inspite of bad retail numbers - we have seen it happen in the last 8 weeks.
my message was only to traders wanting to get in now or leave positions open over the weekend or who are completely clueless where is the beast heading.Ignored
Let me list the bullish signs:
1.The previous day's candlestick showed signs of bullishness.
2.There was massive bullish divergence on daily charts on all oscillators, like rsi,cci , macd etc
3. The daily qqe is crossed up
4. All daily momentums were sharply pointing up at the start of the day.
5.Price at the start of the day was right at the daily-5 sma