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USDCAD trend reversal?

  • #581
  • Jun 8, 2007 6:24am Jun 8, 2007 6:24am
next lvl 0780
  • #582
  • Jun 8, 2007 6:50am Jun 8, 2007 6:50am
a cpl shots, maybe direction
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"Millionaires don't use astrology, billionaires do"
  • #583
  • Jun 8, 2007 7:06am Jun 8, 2007 7:06am
Here is daily USD/CAD chart from 8th Feb with posssible retraces. I believe it is bullish at present. Is 1.0850 a good target.

Bullish $ at present and looking at price action may support this obviously being very wary of further downside with this pair
Attached Image (click to enlarge)
Click to Enlarge Name: cad.gif Size: 10 KB
  • #584
  • Jun 8, 2007 7:14am Jun 8, 2007 7:14am
sold @ 0710. the better price i was looking for. still cautious with sl=0750 or manual close on candle action.
BAM BAM BOOM! -bravado
  • #585
  • Jun 8, 2007 7:18am Jun 8, 2007 7:18am
Quoting bravado
sold @ 0710. the better price i was looking for. still cautious with sl=0750 or manual close on candle action.
I had a sell limit at 0713, but chickened out
  • #586
  • Jun 8, 2007 7:19am Jun 8, 2007 7:19am
Quoting cesarnc
I had a sell limit at 0713, but chickened out
po po po!
BAM BAM BOOM! -bravado
  • #587
  • Jun 8, 2007 7:31am Jun 8, 2007 7:31am
sl moved to 0710.
BAM BAM BOOM! -bravado
  • #588
  • Jun 8, 2007 7:32am Jun 8, 2007 7:32am
interesting trade balances for both currencies out. Both way better than expected
  • #589
  • Jun 8, 2007 7:42am Jun 8, 2007 7:42am
Quoting bravado
sl moved to 0710.
hah , you always change your SL ... in future 0810 0910 .....
  • #590
  • Jun 8, 2007 7:56am Jun 8, 2007 7:56am
Quoting viking
hah , you always change your SL ... in future 0810 0910 .....
Viking, what's funny about moving the stop to breakeven?
  • #591
  • Jun 8, 2007 7:58am Jun 8, 2007 7:58am
Quoting viking
hah , you always change your SL ... in future 0810 0910 .....

Viking, what's funny about moving the stop to breakeven?
BAM BAM BOOM! -bravado
  • #592
  • Jun 8, 2007 8:41am Jun 8, 2007 8:41am
unload 1/10th of my mega lot position.

normal lot commences here on @ 0634.

caching!
BAM BAM BOOM! -bravado
  • #593
  • Jun 8, 2007 9:08am Jun 8, 2007 9:08am
US news are good and seems they back to normal situation . and maybe USD/CAD back to up soon ..
  • #594
  • Jun 8, 2007 9:24am Jun 8, 2007 9:24am
take a look on 10-Year Treasury Yield

Attached Image
  • #595
  • Jun 8, 2007 9:35am Jun 8, 2007 9:35am
Quoting viking
take a look on 10-Year Treasury Yield

Attachment
nice chart. weaker dollar fav.
BAM BAM BOOM! -bravado
  • #596
  • Jun 8, 2007 9:39am Jun 8, 2007 9:39am
BWAH, so much for the uptrend. Apparently the overreaction to the CAD data has now been remedied with traders gunning for stops below 1.0600.
Patience + Humility + Study = Success
  • #597
  • Jun 8, 2007 10:09am Jun 8, 2007 10:09am
Quoting bravado
nice chart. weaker dollar fav.
Not so sure Bravado
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"Millionaires don't use astrology, billionaires do"
  • #598
  • Jun 8, 2007 10:34am Jun 8, 2007 10:34am
Quoting OrionsWay
Not so sure Bravado
did you put those elliot wave counts on there yourself or is it automated?
BAM BAM BOOM! -bravado
  • #599
  • Jun 8, 2007 10:39am Jun 8, 2007 10:39am
on this program i placed, my other one gave to me though, But Elliot wave is only good really after the fact, hind sight is always perfect. Gives a good guidelines of probability though but not exact, hardly ever is
"Millionaires don't use astrology, billionaires do"
  • #600
  • Jun 8, 2007 10:41am Jun 8, 2007 10:41am
Quoting OrionsWay
on this program i placed, my other one gave to me though, But Elliot wave is only good really after the fact, hind sight is always perfect. Gives a good guidelines of probability though but not exact, hardly ever is
traex is pretty good with waves i think:
http://www.forexfactory.com/showthread.php?t=23569

but i agree with your statement.
BAM BAM BOOM! -bravado
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