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- BJEJFeeJ replied May 13, 2010
Hi. I too am learning so I hope someone can provide some insight. I personally try to look at the 4H and daily charts mostly on this currency. Price action for the past few days are perfect for scalpers but I only lose money when I try to scalp. So ...
- BJEJFeeJ replied May 5, 2010
You got it! I am well aware of the weekly trend line posted here url but I don't have access to my charts to post an updated one. So for longer term trades, I agree that long trades are better. Yeah, I tried longing EU last night too. Survived ...
- BJEJFeeJ replied May 5, 2010
I haven't been paying much attention since it broke the channel at the below link. Seems next resistance is around 1.0370. As a matter of fact, I think I'll go ahead and put a pending short there so I don't miss it. url
- BJEJFeeJ replied Apr 30, 2010
I kind of agree. Just makes it difficult when CAD news comes out almost same time as USD news. Then you have to decide which one carries more weight.
- BJEJFeeJ replied Apr 30, 2010
I didn't even notice that. I figured that's what you meant though.
- BJEJFeeJ replied Apr 30, 2010
My thoughts — Well, I'm kinda leery of selling at this point (although if it's going down this would be a great point to sell). The fact that it hit the UTL of my channel twice this week and it's been creeping up there and hovering right ...
- BJEJFeeJ replied Apr 30, 2010
Who knows... — At this point, I can't tell from my charts. The triangle that has formed inside the channel may keep it from getting there. If it breaks the LTL of the triangle then probably. My pending buy is at 9950 but I just may go ahead ...
- BJEJFeeJ replied Apr 30, 2010
Looks like it. — Anywhere near the top of the channel looks like a low risk trade. Man, wish I woulda set a PO up there! Don't have access to my chart right now, but if price nears 0150 again, I think I'll go for it.
- BJEJFeeJ replied Apr 29, 2010
Not shorting now. — No not now. There's this upward sloping TL that I don't want to battle with. If it breaks, then I'll go long around .9950. Did anyone else participate in this channel on the 4H? Also here is my weekly chart.
- BJEJFeeJ replied Apr 29, 2010
Are you long? — So did you do it? I'm thinking of longing too but below parity.
- BJEJFeeJ replied Apr 29, 2010
Pending Buy — My short is closed. I have a pending buy order at .9950 which is near last week's low. There is another trendline on the weekly cutting through the channel and that's where I would like to buy. Sorry I cannot post the updated ...
- BJEJFeeJ replied Apr 27, 2010
I'm short — I don't like having trades open before FOMC but oh well. Just trading my charts. This channel has held for over 1 month now. Short at 1.0172.
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