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USDCAD trend reversal?

  • #501
  • Jun 4, 2007 3:31pm Jun 4, 2007 3:31pm
mmm, I'm sure if you search all possible timeframes you'll always find a doji somewhere.

I'm just really simple, if it's a line pointing down, I short it.


Quoting shadeslay
4h chart (stoch/macd) shows signs of turning up from oversold, last few times it has done so it ruined the next day of making any decent moves down. Decent dojo on the 8h chart for an up turn aswell. That being said I'm not longing it, just waiting for it to finish it's move up before shorting again.
TRADE FOR SWAP
  • #502
  • Jun 4, 2007 3:33pm Jun 4, 2007 3:33pm
Quoting pabloski
So I've been making lots of dumb pips for the last month...

Nope........you have been making good pips.........the smart money knows it too and they are setting u up for a little pay-back........COT data can take weeks or months to unfold....... like a 30/200 ema cross......but they always win in the end......all i'm saying is keep your eyes open..........and enjoy the ride down.


regards
  • #503
  • Jun 4, 2007 3:37pm Jun 4, 2007 3:37pm
so how far is the smart money in drawdown right now?


Quoting fxloot
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Smart money is going long USD/CAD

Dumb money is going short USD/CAD

so it has been explained to me.......by a 30 year veteran

regards
TRADE FOR SWAP
  • #504
  • Jun 4, 2007 3:38pm Jun 4, 2007 3:38pm
Quoting cgldsmth
mmm, I'm sure if you search all possible timeframes you'll always find a doji somewhere.

I'm just really simple, if it's a line pointing down, I short it.
True but if you look at the tail it's rather similar to a pin bar. This one doesn't met the criteria to make it a pin, but gives a good indication it's found good support. Which still makes a good indication of price action.
  • #505
  • Jun 4, 2007 3:47pm Jun 4, 2007 3:47pm
The only trustworthy technical indicator for USDCAD is GRAVITY.



P.S. sorry, I'm bored...
Attached Image
  • #506
  • Jun 4, 2007 3:51pm Jun 4, 2007 3:51pm
Quoting cesarnc
The only trustworthy technical indicator for USDCAD is GRAVITY.

It's the best indicator to say the least.
  • #507
  • Jun 4, 2007 4:04pm Jun 4, 2007 4:04pm
Quoting cesarnc
The only trustworthy technical indicator for USDCAD is GRAVITY.



P.S. sorry, I'm bored...
holy sh*t !!! Tell me that all the green line are sell order on 1 lot...

Man, you are doing some crazy money...
  • #508
  • Jun 4, 2007 4:10pm Jun 4, 2007 4:10pm
Quoting melpheos
holy sh*t !!! Tell me that all the green line are sell order on 1 lot...

Man, you are doing some crazy money...
hehehe... unfortunately, not... There are some ancient sell limits up there that I still didn't move down... I TP daily when USDCAD drops dead, then I place sell limits above the price and one sell stop below previous day's low... But I got a short still on the run from 1.07
  • #509
  • Jun 4, 2007 5:59pm Jun 4, 2007 5:59pm
Quoting cesarnc
The only trustworthy technical indicator for USDCAD is GRAVITY.



P.S. sorry, I'm bored...
Please Please Please...
Can Someone Please write "The Boinker" EA
  • #510
  • Jun 4, 2007 6:30pm Jun 4, 2007 6:30pm
Quoting Bemac
Please Please Please...
Can Someone Please write "The Boinker" EA
Here you have the indicator logics...
Attached Image
  • #511
  • Jun 4, 2007 9:30pm Jun 4, 2007 9:30pm
Quoting cesarnc
The only trustworthy technical indicator for USDCAD is GRAVITY.



P.S. sorry, I'm bored...
good one.
BAM BAM BOOM! -bravado
  • #512
  • Jun 4, 2007 10:16pm Jun 4, 2007 10:16pm
Quoting Bemac
Please Please Please...
Can Someone Please write "The Boinker" EA
http://www.imagefreehost.com/files/0...1410065408.jpg
BAM BAM BOOM! -bravado
  • #513
  • Edited 10:47pm Jun 4, 2007 10:36pm | Edited 10:47pm
It appears a bunch of oanda traders have switched sides.........

http://img405.imageshack.us/img405/3...enshot1yj9.png

OOPs, sorry those are open orders.......here are the open positions.........

http://img408.imageshack.us/img408/6...enshot2cg1.png
Same Whore .... Different Dress
  • #514
  • Jun 4, 2007 11:05pm Jun 4, 2007 11:05pm
Quoting bravado
...
Oh Brav, we both know you are merley trying to keep yor supply active. If not; then fare thee well.
  • #515
  • Jun 5, 2007 12:46am Jun 5, 2007 12:46am
so you guys still think usdcad will go down ... ?
  • #516
  • Jun 5, 2007 2:51am Jun 5, 2007 2:51am
Quoting mohsen57
so you guys still think usdcad will go down ... ?
I have no idea, but what I do know is that given the scenario I aint looking for longs whereas I am indeed scouting always for short signals.
  • #517
  • Jun 5, 2007 7:14am Jun 5, 2007 7:14am
limit sell trigger. sold another healthy amount @ 0595.
BAM BAM BOOM! -bravado
  • #518
  • Jun 5, 2007 7:18am Jun 5, 2007 7:18am
Quoting bravado
limit sell trigger. sold another healthy amount @ 0595.
Cold footed, but I reloaded at 595 too
  • #519
  • Jun 5, 2007 7:48am Jun 5, 2007 7:48am
Quoting mohsen57
so you guys still think usdcad will go down ... ?
I can see a bounce off the 1.0500, as this is a big psych number, but with the weekly/monthly trend still in a freefall, I don't think it will rebound very far beyond the 1.1000... if it even gets back up there in the near future.
  • #520
  • Jun 5, 2007 7:51am Jun 5, 2007 7:51am
Quoting cesarnc
Cold footed, but I reloaded at 595 too
i'm setting my sl @ 0610.
BAM BAM BOOM! -bravado
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