DislikedYes, and I'm waiting...I have ma support at 9180Ignored
GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 115 replies
Commodity Based Currencies UP/DOWN and About 13 replies
Dislikedgood, it dropped 20 pips in one touch of the R1 at .9211Ignored
DislikedHow did you calculate that R on the weekly chart? I can't seem to duplicate.Ignored
DislikedI just use a weekly pivot indicator for that
you can use that inidcator or use this site:
DislikedNice. Do you only use the weekly points or do you use lower TF points? Are hourly too low to use?Ignored
DislikedI used to put my orders at daily Pivot or S/R , but now I think weekly pivot and R/S are the most important one- even more than monthly IMO, I think thats due to lots of orders setting around them, make them significant a S/R level is aplce where there are lots of order set (buy order for S/ sell order for R) that make them S/R, if there isnt any order they dont have a significant, and I think big traders use weekly R/S so their orders may chnage the direction even if it is for 30-40 pipsIgnored
Dislikedmy short N/U order at .71300 got filled I'll add up to short at weekly R2 at .7163 if it get there, SL=.7180Ignored
Lataly I’ve been reading your threads often, very interesting analysis. I’ve been wondering what you think of USDCAD, do you think it is headed below parity? Or could the 1.0100 actually hold and we’ll see a move back up?
Dislikedwow U/Cad is going crazy
watching U/Cad acting like this I think we will see .9400 in A/U to be taken out in a couple of days
next S level is 1.0055
as a side note, I got a margin call in Nov 2007 because of U/Cad, when it went below 1.00 I said it could not go more down, then I said again it couldnt go lower , and each time I added more long, finally I got a margin call .that was a big experienceIgnored
DislikedHey there Shahab...
CAD looks really strong now. My pending order got filled @ 1.0123. doesn't look too good at the moment (-30) and was close to my SL (1.0080)
N/U looked good at first. but went straight up now.
Hope we see the turn-around soon.
My third trade I got running currently makes almost up for the losses of the 2 others (Short AUD/JPY from 83.60) so overall around +/-...Ignored
Dislikedas a side note, I got a margin call in Nov 2007 because of U/Cad, when it went below 1.00 I said it could not go more down, then I said again it couldnt go lower , and each time I added more long, finally I got a margin call .that was a big experienceIgnored
Dislikedsorry to hear your U/Cad stopped out,
when I closed my N/U with 20 pips...Ignored
generally speaking your are right about the strength of commodity currencies , as gold and silver and oil have been rising since feb/march 09,
but going long or short depend on your time frame beside your entry level