A technical indicator attempts to determine market momentum, plotted as a histogram.
Created by Bill Williams, the Awesome Oscillator determines market momentum at a given time on the last 5 bars,comparing them to the momentum on the last 34 bars. Awesome Oscillator (AO) is the difference between the 34-period and 5-period simple moving averages of the bar’s median (midpoints (H+L)/2). .
The Chaos Awesome Oscillator plotted on the daily chart of USD/CAD 4/10/2011
Source: VT Trader
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Having held 1526 $GLD shd now recover above 1600 but fade below 1609 in a retrace to 1555-60 where I will look to buy with 1522 stops #gold Doesnt take a rocket scientist to see huge 1522-1922 flat bottomed triangle on $GLD.. technically shd break lower.. but not this time #gold
The trouble with the 'turtle approach' (make no progress as we wait for elections to settle): http://t.co/RabqmY0b Keep a mindful eye on $EURGBP. As troubled as the euro is, the sterling's percieved detachment from 'EU issues' is vanashing. Things so crazy even the scalper is taking a longer term position. @MBForex $GBPJPY http://t.co/qd0kwca3 Oh man. This chart was just glorious. I'm glad I stuck with it.
i need a tradeable low to get long...dont have one yet-if it fell to 7830 then i'd punt long with a 7600 stop-no reason to do it here though lots of chatter on $USDJPY right now-i've come to respect time pivots as much as price levels regarding initiation of new trades and $AUDNZD working on a daily reversal - already short $AUDUSD - considering a synthetic with the $NZDUSD leg Good luck paying your bills then...|| “@CVecchioFX: Greek PASOK leader Venizelos says June election may be followed by another vote.” at this point, this is the largest 1 day $USDJPY decline since december 3 2010 (in %) $USDOLLAR http://t.co/UoYNgroJ Usually such good bedfellows, there is a serious divergence between the $S&P 500 and $Dollar today. ...have to be careful about expecting momentum on this pair in a vacuum. Other yen crosses have already made sizable moves. Could bounce. If it isn't clear, I am alos trailing up my stop on the remaining half of the $GBPJPY short to lock in at least +125... How could this happen to the yen with Azumi and Shirakawa watching so vigilantly? *sarcasm* After this $GBPJPY tumble, the pair is now at its 50% Fib retracement of the 1/15 to 3/21 bull run at 125.35. Time to take half off at +225.
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