Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies

time is set to GMT+0 time zone, what is my time adjustment? 0 replies

Dear Full time/Part time Traders – Thanks for your time and help 7 replies

CAD export / USD/CAD price 3 replies

USD/CAD short? 13 replies

Attachments: Is it finally time to short the EUR/CAD?
Exit Attachments

Is it finally time to short the EUR/CAD?

  • Post #1
  • Quote
  • First Post: Dec 9, 2006 7:16pm Dec 9, 2006 7:16pm
The euro cad is on a 1400 pip bull run. A real monster. But, some recent price action suggests maybe is time for it to pull back or take a breather.
Where is everyone at on this pair?
Profit is where readiness meets Opportunity
I am Short on Eur/Cad expecting it to drop to 1.4865.

Monarch
check out the weekly chart. Pin(not the longest nose) off the 365 ema. I think this is definitley worth watching finally for a pullback.

lets see what next week brings!
Attached Image
mbqb11

The pin does show some sign on the weekly - with the nose being about 66 pips or so, and the open and close being lower than the top of the previous candle.

Look at the 1 day chart, it may even have a better nose on it about 156 pips or so, and the open and close being lower than the previous candle also. I would like to see the open on this bar a little lower, this makes me a bit cautious for now, but nevertheless it gain my interest.

This is a good look, confirms my Short a bit more.

Thanks a lot,

Monarch
Also looking at EUR/CAD - the Pin came 1 pip below the R2 Daily, which is a good indication that there may be a draw back, especially with the close going all the way to a S3 Daily.

70 drop from High to Low this week. may have small up retrace before continuing down more.

Monarch
here is the daily chart up at the fib on the VWB with a pin. A short under the 1.5140 area could be a safe play as well. at the least, this pair is worth watching. Friday had a pin on the 4 hour chart as well that was good for 50 pips itself. So we have weekly daily 4 hr pins.

Take care,
Mike
Attached Image
Quoting monarch
mbqb11

The pin does show some sign on the weekly - with the nose being about 66 pips or so, and the open and close being lower than the top of the previous candle.

Look at the 1 day chart, it may even have a better nose on it about 156 pips or so, and the open and close being lower than the previous candle also. I would like to see the open on this bar a little lower, this makes me a bit cautious for now, but nevertheless it gain my interest.

This is a good look, confirms my Short a bit more.

Thanks a lot,

Monarch
Correction on the 1 Day Chart - it was only 43 pip nose, still a nice setup though.

Monarch
mbqb11.

Would you expect a rise in price at open, then the drop off?

I would have a entry waiting to go Short at the S1 area of 1.5230 then expect it to continue its downward move.

Monarch
hey monarch,

usually a retrace happens, and then you can wait for a break of these pins. I have no idea whats gonna happen, and won't even try to tell you I do. I'll just wait for something to tip me off where this may be going. If you want to wait for a retrace to get in to minimize your stop, I would look for price action or whatever your system is around S1 if that is where you are looking for your entry.

best,
Mike
Quoting mbqb11
here is the daily chart up at the fib on the VWB with a pin. A short under the 1.5140 area could be a safe play as well. at the least, this pair is worth watching. Friday had a pin on the 4 hour chart as well that was good for 50 pips itself. So we have weekly daily 4 hr pins.

Take care,
Mike
this one of the things i am looking at as well
Profit is where readiness meets Opportunity
Well I took the short at 1.5154. it is 50 pips up now and I have moved my stop to +1. We shall see.
Profit is where readiness meets Opportunity
im with ya
Well I have taken another short on the eur/cad at 1.5290. it is currently about 30 pips up and I have moved my stop to +1
Let's see if it will hold this time. So far this week I have results of +1 and -11 trying to get into a swing short on this pair. Anyone else back on the short train?
Profit is where readiness meets Opportunity
I think that one more impulse wave up to 1.5370 should bring us to the ultimate top of this trend.
Quoting itme
I think that one more impulse wave up to 1.5370 should bring us to the ultimate top of this trend.
i wonder if that price will be top for euro/usd......
its just money
Not really sure I would be anxious to short EUR/CAD yet..... you could put a trailing sell maybe 50 pip below the low of each day and follow it that way.
Just a thought......

http://img404.imageshack.us/img404/9...apture2nw6.png
Same Whore .... Different Dress
  • Post #17
  • Quote
  • Last Post: Feb 29, 2008 6:01pm Feb 29, 2008 6:01pm
i found 1 chart yesterday, while updating ...
Attached Image (click to enlarge)
Click to Enlarge Name: Slika2.jpg Size: 133 KB
its just money
0 traders viewing now