It's a bit premature to draw such a deep ABCD for the Aussie, but just in case...

Yep, just like I thought.

for some reason that reminds me of the old joke:
Q: how do you get down from an elephant?
A: you don't, you get down from a duck

Originally posted by jimkane

Sure seems like it wants more down.

Funny stuff, rat.

The Aussie has just hit the area. Now we will see.

Okay, looks like the long off the dip there might be starting to move.

Watch the obvious overhead TL's coming in, one right here. Clue time.

Got a couple of good naps in there, so I'm okay for this post-European open action, but not for much longer. I'm already getting groggy. I wanted to see how it handled the action in here, so I can have better info for trailing stop considerations. Best way is to just never sleep, but, unfortunately, that's one I haven't mastered yet.

Bathroom stop. It made another pump right to the key area I mentioned, so watch closely. It should be ready to come out of this range soon, and it's set up perfectly for up and over, but it may not break that way. Management until the open is pretty straightforward at this point, given the cushion now off the area, so it does what it does. They either bring it in for better prices before or around the open, or they keep running it. Either is great. Back to bed.

No posts today. Hmmmm. Anyway, that long setup worked out quite nicely, hitting the new all-time high after all. Then it went into a range, and came out of the range right on schedule, and is 'seeing' the first area. We'll see what it does now, but I'm alert to last hour chop. It may gun up off this area, but then just go back to the range and chop, instead of set another new all-time high.

BTW, if anyone thinks speculation isn't still alive and well, and hence 'the bull', just look at CMG. Until we stop seeing things like that, this thing is still going to be 'a bull market', in my opinion.

It looks like nothing but chaotic chop, but in my opinion, it's not. I think they have programs they set to run that just do these manipulation patterns, because they know the reactions they will create, and they just run and take all the suckers money, time after time. It's not just the dips they create, it's how they look when they happen, how fast the move is, how it will affect sucker traders, where they happen, and so on. The way they happen right at key obvious lines, though, makes me wonder if they aren't human directed. If not, the programs are far, far 'smarter' than I would even think possible, they would have to be so 'smart' that it actual would scare me. The ability to differentiate which lines suckers would watch, and then adjust the program games around that, holy cow... Frightening.