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USDCAD trend reversal?

  • #681
  • Jun 13, 2007 10:04am Jun 13, 2007 10:04am
remaining long positions closed @ 0650.
BAM BAM BOOM! -bravado
  • #682
  • Jun 13, 2007 10:14am Jun 13, 2007 10:14am
Arrg my long add entry was missed, maybe get another crack at it
"Millionaires don't use astrology, billionaires do"
  • #683
  • Jun 13, 2007 10:25am Jun 13, 2007 10:25am
long @ 0667. sl=0580.

*sl trigger=-50% of my previous profit on this pair.
BAM BAM BOOM! -bravado
  • #684
  • Jun 13, 2007 10:27am Jun 13, 2007 10:27am
i hate this pair.
bad cad news. good usd news. up pattern on the chart.
and we're going... down.
yeah, makes a lot of sense.

Quoting bravado
long @ 0667. sl=0580.

*sl trigger=-50% of my previous profit on this pair.
Nihil Sine Deo.
  • #685
  • Jun 13, 2007 10:33am Jun 13, 2007 10:33am
Going long on this pair is like trying to fight a bear (wink, wink ) with bare hands...

This is very very risky business.
  • #686
  • Jun 13, 2007 12:08pm Jun 13, 2007 12:08pm
Quote
long @ 0667. sl=0580.

*sl trigger=-50% of my previous profit on this pair.

Good entry in my view. Did you base this on looking at an hourly chart looking at price action?
  • #687
  • Jun 13, 2007 12:34pm Jun 13, 2007 12:34pm
i think h4.

Quoting el_duende
Good entry in my view. Did you base this on looking at an hourly chart looking at price action?
Nihil Sine Deo.
  • #688
  • Jun 13, 2007 12:40pm Jun 13, 2007 12:40pm
Quoting el_duende
Good entry in my view. Did you base this on looking at an hourly chart looking at price action?
i used 1 and 4 hr.
BAM BAM BOOM! -bravado
  • #689
  • Jun 13, 2007 4:48pm Jun 13, 2007 4:48pm
Quoting melpheos
i encourage everyone to have a look on the following chart based on boxingislife strategy
Hi,
I am looking for a system and I saw your posts in boxingislife strategy.I was wondering is it a good system?for how long are you using it?
Thanks
Mike
Failure, is a wonderful teacher!
  • #690
  • Jun 13, 2007 6:03pm Jun 13, 2007 6:03pm
I am long from 1.0715, however I am holding since the pull back to 1.0660. (-55 pips currently) It appears that the USD/CAD is in either a reveral or correction, as shown on the 4hr charts. My targets are 1.0750 and 1.0800
  • #691
  • Jun 13, 2007 7:00pm Jun 13, 2007 7:00pm
Daily Pin on the UsdCad. Opened at 1.0670 high of 1.0737 and a lower close then open at 1.0669.
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  • #692
  • Jun 13, 2007 7:01pm Jun 13, 2007 7:01pm
This is what it looked like on the 4hr
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  • #693
  • Jun 13, 2007 7:25pm Jun 13, 2007 7:25pm
daily pin at the bottom is nonsense.
  • #694
  • Jun 13, 2007 7:25pm Jun 13, 2007 7:25pm
Quoting goodthings
This is what it looked like on the 4hr
Do u suggest a further down move?
  • #695
  • Jun 13, 2007 7:34pm Jun 13, 2007 7:34pm
Quoting mry2001
daily pin at the bottom is nonsense.
bottom?
  • #696
  • Jun 13, 2007 7:35pm Jun 13, 2007 7:35pm
Quoting forexenator
Do u suggest a further down move?
Just making you aware of it. Right now the usdcad is trading 123 pips above the low. So if it did go down it's not like it is going into new territory. There is news coming out for both the usd and cad thursday. Just have to trade what price action dictates.
  • #697
  • Jun 13, 2007 7:41pm Jun 13, 2007 7:41pm
Go to James 16 chart thread and read Mikes posts on pins. It's interesting. Its page 261 post 3914.
  • #698
  • Jun 13, 2007 7:44pm Jun 13, 2007 7:44pm
I know they all don't play look at the AudUsd. At one time that stood by itself at the top all alone
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  • #699
  • Jun 13, 2007 7:45pm Jun 13, 2007 7:45pm
Sorry didn't mark the one I was talking about
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  • #700
  • Jun 13, 2007 7:47pm Jun 13, 2007 7:47pm
This one for the UsdCad did play out and at one time it was at the bottom.
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