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USDCAD trend reversal?

  • #721
  • Jun 14, 2007 7:19pm Jun 14, 2007 7:19pm
Quoting marketwavez
Hi Bravado

Maybe you are right -
Looking at the Usd/Cad from this angle - maybe there is a break out ? .....

----------------------------------------------------------------------
Quoting el_duende
Reminds me, breakout?
forex is serious business guys. stop the horse playing.
BAM BAM BOOM! -bravado
  • #722
  • Jun 14, 2007 9:33pm Jun 14, 2007 9:33pm
Heres how the daily pin for the UsdCad played out or didn't.
Attached Image
  • #723
  • Jun 14, 2007 9:58pm Jun 14, 2007 9:58pm
To many converging trends and ma's to get much right now. On a good note the range should be increasing ever so slightly as the 2 channels it's caught between widen. Next week this is one of the pairs I have my eye on for a significant move. E/U, G/U also have my interest as longer time frame trends converge with the shorter term ones. G/Y also has me curios with it looking like a nice double top possibly forming.
  • #724
  • Jun 14, 2007 11:35pm Jun 14, 2007 11:35pm
Short @ 1.0681
  • #725
  • Jun 15, 2007 1:30am Jun 15, 2007 1:30am
Quoting bravado
forex is serious business guys. stop the horse playing.
Sorry Headmaster I will not do it again.
  • #726
  • Jun 15, 2007 1:46am Jun 15, 2007 1:46am
crossroad..either an ABC type of corrective move..or...starting to make new highs...maybe the news today will clear the way
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.jpg Size: 58 KB
  • #727
  • Jun 15, 2007 5:59am Jun 15, 2007 5:59am
This week USDCAD hasnt showed a clear picture in my opinion (meaning as per my system). It is true that USDCAD has been easy money in the last couple of months, but I reckon it's important when to step out of the frenzy until a clearer picture is to be seen.
  • #728
  • Jun 15, 2007 6:03am Jun 15, 2007 6:03am
Quoting WTB
This week USDCAD hasnt showed a clear picture in my opinion (meaning as per my system). It is true that USDCAD has been easy money in the last couple of months, but I reckon it's important when to step out of the frenzy until a clearer picture is to be seen.
totally agree.
  • #729
  • Jun 15, 2007 6:28am Jun 15, 2007 6:28am
For awhile I had it coming up to the 800 area. But as the the correction and longer term trend converge on each other. It's looking more like we'll see another move down next week. It currently seems to respecting the downward movement more now then the correction. As they normally do respect the longer term trends more. But either way I'll just be happy with a wider price range to trade. To many of the pairs I trade are in a narrow range because of converging corrections and longer term trends.
  • #730
  • Jun 15, 2007 7:01am Jun 15, 2007 7:01am
add more long @ 0636.
BAM BAM BOOM! -bravado
  • #731
  • Jun 15, 2007 7:46am Jun 15, 2007 7:46am
add more long @ 0605.
BAM BAM BOOM! -bravado
  • #732
  • Jun 15, 2007 7:47am Jun 15, 2007 7:47am
it just screamed past that up trendline, currently hitting my more conservative up line now at 600. Not sure I want to try to long this one up, but I'm watching in case the pa forms.
  • #733
  • Jun 15, 2007 9:38am Jun 15, 2007 9:38am
more longs were added @ 0625.
BAM BAM BOOM! -bravado
  • #734
  • Jun 15, 2007 9:39am Jun 15, 2007 9:39am
Quoting bravado
more longs were added @ 0625.
tisk tisk tisk
  • #735
  • Jun 15, 2007 10:24am Jun 15, 2007 10:24am
Quoting bravado
add more long @ 0605.
Bravado, adding to a losing position is a very foolish move. It's kind of the same philosophy of going against the trend - you may or may not win this one, but in the long run you will lose. It's even more of a foolish move when considering how long the usd/cad has been going south.

When will people learn....
"Trading is a mental sport." - Ziad Masri
  • #736
  • Jun 15, 2007 10:39am Jun 15, 2007 10:39am
longing u-cad is not a losing position. yet. i agree with bravado on this one.

Quoting Quickdraw
Bravado, adding to a losing position is a very foolish move. It's kind of the same philosophy of going against the trend - you may or may not win this one, but in the long run you will lose. It's even more of a foolish move when considering how long the usd/cad has been going south.

When will people learn....
Nihil Sine Deo.
  • #737
  • Jun 15, 2007 10:42am Jun 15, 2007 10:42am


fight a up trend?
  • #738
  • Jun 15, 2007 10:45am Jun 15, 2007 10:45am
i'm long @ 1.0615. who's fighting?

Quoting mry2001


fight a up trend?
Nihil Sine Deo.
  • #739
  • Jun 15, 2007 10:49am Jun 15, 2007 10:49am
another great week for traders.
BAM BAM BOOM! -bravado
  • #740
  • Jun 15, 2007 10:51am Jun 15, 2007 10:51am
Nice call on the longs.... Its Friday, banks are taking their profits
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