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Azinvg Mar 26, 2010 6:35pm | Post# 1

EUR/CAD
 
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HELLO GUYS IM THINKING THIS COULD BE A GREAT OPPORTUNITY TO DISCUSS EURCAD AND THE GREAT OPPORTUNITY OF A LONG TERM TRADE.

LOOK AT THE CHART YOU CAN EASILY SEE MAIN TREND (AND THE POSSIBILITY OF A RETRACEMENT IF WE PASSED THE ORANGE TREND). Also, I believe swiss gov. wont let this go that far. This week movement could be a gov. transaction.

I ALREADY HAVE SOME TRANSACTIONS OPEN AS YOU CAN SEE ON MY ACCOUNT:

avg 1.3650.

Im hedging, so I optimize this long term trade, because we havent break the main trend *BEAR*. I need to be sure that we are breaking that line so my hedge is not that much.

We have two trends on the chart. The main trend is the ORANGE and the momentum trend that started on feb-26 that gives us the RED trend.

if you look the PA on the touch of those trendlines (on the support "up line") the rebound is quick towards 1.33. This time it wasnt that quick and the week closed above the momentum trendline that gives us the probability to go and hit the ORANGE line at 1.39-1.3920. Only after breaking that ORANGE line I would now for sure we are in a change of a MAIN TREND and ill stop doing that much hedging and start adding longs on a daily basis.

I see a possible formation of a INVERTED H&S on 4hr tf where i believe we are going to hit 1.3740-13690. That shoulder would give the pair momentum so we can break and retest that ORANGE line.


TRADING PLAN:
OPENED TRANSACTIONS:

BOUGHT 1.3650 TP SL OPEN
SOLD 1.3784 TP 1.3730 (SEE THE PRICE ACTION THERE) SL OPEN

ORDERS TO BE OPENED:

BUY
1.3720-1.3690 SMALL
1.3630-1.36 DOUBLE THE OTHER
SELL
1.39 HEDGE SL 1.3933 + 2 LOTS.

LETS SEE WHAT HAPPENS
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wdevauld Mar 26, 2010 7:51pm | Post# 2

Still Bearish
 
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Looking at the yearly and monthly price action, I see no reason to get bullish on the EUR/CAD pairing. The price is still in the middle of the channel, and the daily and hourly moving averages are still aligned lower. Recent price action appears to have retraced the freakishly fast drawdown on March 19th.

For my money I'm looking to enter in shorts above 1.385 with stops at 1.41

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Azinvg Mar 26, 2010 9:11pm | Post# 3

already on longs positions
 
i never said to open longs now. I said that I have longs from 1.3580 and 1.3650 and I'm going to leave it open with hedge because the main trend is bear. I see potential for a break of that trend, and I want to have some positions really low before that happens. It is extremely oversold and usdcad is almost in parity.

Azinvg Mar 29, 2010 11:21am | Post# 4

long at this moment
 
it hit my green trendline and rebound it like i expect i add some more longs there. 83% probability it would happen like that on those longs 1.3870, you can sell there if you want but just hedging

wdevauld Mar 29, 2010 1:10pm | Post# 5

Clarification
 
it hit my green trendline and rebound it like i expect ...
To which green trendline are you referring? I examined your images and all the green lines appear to be support and resistance lines. Can you clarify?

kuroro001 Mar 29, 2010 2:43pm | Post# 6

I'm taking a short on it very soon ....around 1.3780-1.3800 for a move down to 1.3620
And same for usdcad around 1.0230 ....no tp yet

Azinvg Mar 29, 2010 3:10pm | Post# 7

sorry red trendline
 
To which green trendline are you referring? I examined your images and all the green lines appear to be support and resistance lines. Can you clarify?
sorry, it is red. hehehe

Azinvg Mar 31, 2010 1:15am | Post# 8

possible head and should formation
 
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hello guys, you all know im looking for a trend reversal on eurcad, im seeing some possible h&s inverted formation on eurcad as you can see on my tf 1hr 4hr. On daily, is not that clear. Also you can see is the 61.8 fib level on the last up move. Is already going up?. Im ready to buy on every 40 pips down with great MM. I had one lot on 1.3583 and closed it because of the possibility of going that way again. It happened to me last week as Im aware that the main trend is BEAR still.

So, this is a risky trade, but im seeing it clear for my eyes!!. No one is with me, and thats good by me. I see a bull trend on eurusd also, bought at 1.34 several minutes ago. BEARS were not enough to close below 1.34 on daily basis.

GOOD LUCK and love to have your toughts!!
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Azinvg Apr 4, 2010 7:54pm | Post# 9

we are out of the momentum downtrend. We are going to test the orange line on the downtrend on 1.37-.50.

What a great opportunity to start building longs, or if you like the shorts, wait until that downtrend pattern is hit

kuroro001 Apr 8, 2010 3:04am | Post# 10

Long EURCAD at 1.3405...SL 1.3385...target 1.3600

kuroro001 Apr 8, 2010 4:41am | Post# 11

Long EURCAD at 1.3405...SL 1.3385...target 1.3600
Stopped ....reloading at 1.3390...stop at 1.3370...same tp

kuroro001 Apr 8, 2010 6:12am | Post# 12

Stopped ....reloading at 1.3390...stop at 1.3370...same tp
Stop at BE ....enjoying the freeride now or enjoying nothing

Amie_Senior Jul 13, 2010 4:05am | Post# 13

BAT
 
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It's a Bat !

Good Luck !


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Amie_Senior Jul 15, 2010 9:36am | Post# 14

1 2 3
 
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Amie_Senior Jul 19, 2010 4:34am | Post# 15

AB = CD
 
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kengur Jul 20, 2010 11:06am | Post# 16

I am short this pair...anybody with me?

Jason Bourne Aug 26, 2010 2:33am | Post# 17

EUR/CAD
 
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SOLD @ 1.3422
SL @ 1.3510

4HR Chart

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Forexfsa Aug 26, 2010 10:44pm | Post# 18

Short 1.3440 , tp 1.3200

MarketInvest Sep 6, 2010 5:36pm | Post# 19

EURCAD
 
I've open a short position in EURCAD at 1,33233. Waiting for a leg down...

Cheers

MarketInvestor

Naseri13 Sep 7, 2010 6:49am | Post# 20

Opened a short position
waiting for +15 / +30 pips.
Sl like tp.

http://www.forexrainbow.com/download...9ubqte7gpx.jpg


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