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USDCAD trend reversal?

  • #621
  • Jun 12, 2007 3:08am Jun 12, 2007 3:08am
Quoting pabloski
Did you mean gas or oil price??
Gasoline. I filled up today and I think it was the lowest price in three months.
When I buy it, it moves down. When I sell it, it moves up.
  • #622
  • Jun 12, 2007 3:53am Jun 12, 2007 3:53am
It seems this maybe just rollover into sept contract, will have to keep an eye on that OI and Vol to see what becomes for the forward month.
http://www.cme.com/daily_bulletin/Se...es_2007112.pdf
"Millionaires don't use astrology, billionaires do"
  • #623
  • Jun 12, 2007 7:35am Jun 12, 2007 7:35am
got stopped out last long cad.

re-enter long @ 0620. sl=0575.
BAM BAM BOOM! -bravado
  • #624
  • Jun 12, 2007 7:37am Jun 12, 2007 7:37am
Quoting bravado
got stopped out last long cad.

re-enter long @ 0620. sl=0575.
Erratic piece of #$@%$#@%.....

Still short, actually looking for 0650 to add since several #$@%$@%@ hours.

  • #625
  • Jun 12, 2007 7:43am Jun 12, 2007 7:43am
Quoting cesarnc
Erratic piece of #$@%$#@%.....

Still short, actually looking for 0650 to add since several #$@%$@%@ hours.

this could happen too. let's see how it goes.
BAM BAM BOOM! -bravado
  • #626
  • Jun 12, 2007 10:05am Jun 12, 2007 10:05am
locking for higher up on cad.
BAM BAM BOOM! -bravado
  • #627
  • Jun 12, 2007 10:07am Jun 12, 2007 10:07am
Quoting cesarnc
..looking for 0650..
very nice cesarnc. 0650 seems like a resistance.
BAM BAM BOOM! -bravado
  • #628
  • Jun 12, 2007 10:51am Jun 12, 2007 10:51am
USDCAD consolidating as of the last few days. My 30 SMA tightening up with the 50 SMA on the 4H chart (my main time frame). As far as I am concerned, it's time to stay sidelined until we get a clearer picture. I just dont see any clear direction as of now.
Attached Image
  • #629
  • Jun 12, 2007 11:10am Jun 12, 2007 11:10am
Quoting WTB
..I just dont see any clear direction as of now.
that actually looks like a bearish flag pattern.
BAM BAM BOOM! -bravado
  • #630
  • Jun 12, 2007 11:14am Jun 12, 2007 11:14am
Quoting bravado
that actually looks like a bearish flag pattern.
It is, but until that thing breaks I personally cannot forecast any direction or bias on USDCAD, so Im staying out for the time being.
  • #631
  • Jun 12, 2007 11:27am Jun 12, 2007 11:27am
Quoting WTB
It is, but until that thing breaks I personally cannot forecast any direction or bias on USDCAD, so Im staying out for the time being.
Agree... Best trade is leaving a sell stop few pips below the lower trendline for some day....

On my side, I'm waiting for test of the 100 hour EMA to get all-out. Sick of these erratic and aggressive moves...
  • #632
  • Jun 12, 2007 11:34am Jun 12, 2007 11:34am
Quoting WTB
..Im staying out for the time being.
good.

i'm already long and have my troops ready ahead as well.
BAM BAM BOOM! -bravado
  • #633
  • Jun 12, 2007 2:10pm Jun 12, 2007 2:10pm
caching.
BAM BAM BOOM! -bravado
  • #634
  • Jun 12, 2007 2:52pm Jun 12, 2007 2:52pm
caching!
BAM BAM BOOM! -bravado
  • #635
  • Jun 12, 2007 2:59pm Jun 12, 2007 2:59pm
In the weekly chart there is past week Doji formed, also several consolidation candle patterns in daily chart and with momentum indicators at extrem o/s readings it seems we will see 1.08 first with a (little chance to 1.0950) before lvl below 0550. Lets see think long odds have increased
  • #636
  • Jun 12, 2007 3:24pm Jun 12, 2007 3:24pm
This is the reversal. I can feel it from my gut. I'm all in.
When I buy it, it moves down. When I sell it, it moves up.
  • #637
  • Jun 12, 2007 3:28pm Jun 12, 2007 3:28pm
I would be all but surprised in case of a move like Jun 8th...
  • #638
  • Jun 12, 2007 3:34pm Jun 12, 2007 3:34pm
Quoting pujolshomerun
This is the reversal. I can feel it from my gut. I'm all in.
look at your sig. this means you should short. but if you short, look at the sig again, it means you should long.

luck to you.
BAM BAM BOOM! -bravado
  • #639
  • Jun 12, 2007 3:38pm Jun 12, 2007 3:38pm
Quoting cesarnc
I would be all but surprised in case of a move like Jun 8th...
my discipline does not allow me to look into the past.
it can cloud your future.

it does not allow me to look into the future.
the future does not exist.

instead. look into the present.

live in the moment. and then act.
BAM BAM BOOM! -bravado
  • #640
  • Jun 12, 2007 3:41pm Jun 12, 2007 3:41pm
Quoting bravado
my discipline ... look ...the past.
it can ... future.

it does allow ... the future.
... not exist.

instead... live ...the... act.
Boy, you need a break huh?
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