Support 1.2970
any break of the support will call for 1.2930
above 1.2970 will reach 1.3063
correct me plz
any break of the support will call for 1.2930
above 1.2970 will reach 1.3063
correct me plz
Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies
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DislikedI think this is it... USD done for ... Now its time for a pullback on USD/CAD... Dont think USD have much juice left to move this pair any Higher... Think about Canadians !!! They will be bankrupted if it moved any more higher than thisIgnored
DislikedWell, I am not listening to anyone about where it's going, especially CAD government. That 1 day chart screams huge trend reversal is coming. Sell entered at 1.306, first target 1.19. Will move stop loss accordingly if she goes my way, but I see a butterfly wing coming off a high we haven't seen since 2008. Of course SL set at 1.315 in case my chart lies.Ignored
Disliked{quote} Look at oil, commodity futures and gold. All appear to be at support...... I think a sell of in USDCAD is coming. Todays move up might just have been to squeeze out as many short sellers as possible. Not sure but its just my view. I am short UCADIgnored
Disliked{quote} I just find it your comments rude.There are many ways to trade.Counter or going with a trend.Just because you might be trend trading does not mean main trend can not go 200-300pip corrections in fact this is the norm most cases so its not about going with trend or not but practicing SL and getting out when wrong. Calling someone a gambler is disingenuous on your part. For your info I am 90% counter trader and doing well. Let me add without using proper money management you can lose even going with the trend.Ignored
Disliked{quote} Trading with the trend is generally considered to be the "right way" to trade. Poppycock. I trade both with the major trend, and also with the minor counter trend depending on what I see on my chart. As currency pairs go counter trend I find it easier to stay on the right side of the order flow because everyone else is still trading with the trend as the market makers are grinding price action against the herd. And if you think about the logic of it thebig fast moves with the trend that everyone is always looking for happen either during...Ignored
Disliked{quote} I also trade with the minor trends until I see it approaching the major trend. Then I hold up to see what comes...and when I see a 1.27 bat formation on the daily, my diddle starts to feel all tickly.Ignored