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- static replied Nov 9, 2009
USD/CAD entry — Hey Dan, What's your opinion on entry for USD/CAD? I will most likely enter on a test of 1.0650, I'm assuming you would wait for a bounce off of this area and then look to go short at 1.6000?? How do you differentiate between a ...
- static replied Sep 17, 2008
Other Trades — For anyone interested, I have taken a longer term position in EUR/CAD. I am long from 1.5200 with a stop loss at 1.4890 (under the current swing low). This was an excellent place for a pullback. On a weekly basis we are making ...
- static replied Sep 16, 2008
I'm back — Well life has certainly kept me busy for the last while. No time for posting. I am getting sick of watching the market fall, and I believe we have seen the bottom of the USD buying frenzy for a while. I will try to be on here more ...
- static replied Jul 24, 2008
The market looks lie it may be bottoming in the low 1.5600s. The volatility has picked up and my chart is showing a small bullish pinbar right on the 50% retrace of the last move up. It seems I bought a little high, but it is a tradeoff. I should ...
- static replied Jul 21, 2008
Well, I should have stuck with my original plan. Instead of chasing a trade in this case I RAN AWAY FROM ONE!! haha. Would have been sitting with a decent trade right now, 111 pips in the black. Changing orders when price gets close is no different ...
- static replied Jul 16, 2008
Given the steep drop, and the price action, this market seems heavier. I don't think it will bottom at 1.5800 exactly, looks like a spike down is due before continuing up. Therefore, I have changed my order to 1.5750 with a 100 pip TSL. Right now in ...
- static replied Jul 16, 2008
Well. Since last week was so profitable lets do it again this week!! The only real good deal I can see for the week is to get in at 1.5800. I could line up some fibs and talk about the inconsequential 4HR trendline, but to justify my order at 1.5800 ...
- static replied Jul 10, 2008
Been thinking about the next entry IF I get stopped out at 1.5750. 1.5700 area seems like a good entry area. The reason I like 1.5700 is because: 1. 50% retrace of current move up from just above 1.5600 to 1.5800 2. Historical Support 3. Placing a ...
- static replied Jul 7, 2008
Entry at 1.5600 was missed by 10 pips! Oh well, will wait for another opportunity I guess. I believe we have seen the short term bottom given the 4HR pinbar and 4 HR BUOB currently forming. I haven't quite decided how I'm going to handle this yet. I ...
- static replied Jul 6, 2008
What I'm seeing. — Ok, so after the break in market I am looking to get long again. There is a big BEOB on the daily which makes me a little cautious. It looks like the market is heading down again. If the BEOB had happened without breaking ...
- static replied Jun 24, 2008
Euro is looking very indecisive. But I am sticking with my plan, as it was made before I was in the trade. Stop is now set to 1.5424, with 80 pips at risk. Edit: I just realized I didn't post this trade. Must be slipping in my old age. I went long ...
- static replied Jun 23, 2008
OK, still in both my PA trades patiently waiting for them to do something... haha. The CAD trade is looking iffy. My stop on that trade is now adjusted to 1.0205. There is an outside bar on the daily which makes me think a retest of 1.0300 may be in ...
- static replied Jun 20, 2008
Waiting in boredom for the Eur/USD to pick up the pace, I have taken another price action trade in Eur/Chf. The reasons: 1. There seems to be a reverse head and shoulders pattern forming on the daily. We are now at the second shoulder, hopefully ...
- static replied Jun 20, 2008
Euro has finally made some meaningful movement and has now convincingly broke 1.5550. I will now be looking to get in at 1.5550 as per my plan. Market should make it down there next week. Now, just waiting.
- static replied Jun 19, 2008
Update — The CAD trade is still playing out. Stop is adjusted to 1.0250. I am still expecting to see par. For trailing my PA trades I will be trailing the stop just above/below two daily bars before current daily bar. So for now, counting two ...
- static replied Jun 18, 2008
Hope you don't mind me posting a chart in here. Just thought I'd illustrate what I'm seeing. (I even converted it to a grey line chart to stick with the theme!!) I see the 1.5550 area as being the line in the sand. It is the 50% level of the ...
- static replied Jun 18, 2008
I have been feeling guilty because I have taken a trade that I did not post here. I took a short trade in USD/CAD due to the daily pin seen in the chart. My order was triggered at 1.0190. I am still short, and my stop has been reduced 1.0300 where ...
- static replied Jun 17, 2008
I am still waiting for the market to come above 1.5550 convincingly before I start buying. Price needs to hit 1.5600, which takes out the old 4HR low, and close above 1.5550 which tells me the uptrend is resuming. It that happens it shouldn't be ...
- static replied Jun 11, 2008
It depends what timeframe you're looking at. A spike can happen on the weekly and take 5 days or on the 4 hr and take 20 minutes for the bulk of the move. I think the tricky thing about exhaustion spikes is that there is no quantitative definition. ...
- static replied Jun 11, 2008
The market is now back at 1.5550. It is hovering around that area, has been stalled for the last couple hours. Technically we have seen a close above 1.5550, but not by much, and I don't trust that the area has been broken. However, the fact that we ...