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USDCAD trend reversal?

  • #821
  • Jun 19, 2007 9:45am Jun 19, 2007 9:45am
Quoting bravado
no cause i went long @ 0680 and now usdcad is @ 0630. so -50 pipis.
also cable is not moving anywhere even though it should and eddie is just being a *****.

everything looks wacked out atm on the charts.
Ah bummer, cad should come up now so at least it most likely won't be a loss. Ya cable beens a bummer lately for me as well, I just expect so much more from it. And ya my charts look as nearly whack, cad is the only clear one I see atm.
  • #822
  • Jun 19, 2007 9:46am Jun 19, 2007 9:46am
Quoting bravado
what a lousy lousy lousy day to trade this has been.
Just long UJ now and be happy

  • #823
  • Jun 19, 2007 9:55am Jun 19, 2007 9:55am
Quoting shadeslay
Ah bummer, cad should come up now so at least it most likely won't be a loss..
i hope so.
BAM BAM BOOM! -bravado
  • #824
  • Jun 19, 2007 9:56am Jun 19, 2007 9:56am
Quoting cesarnc
Just long UJ now and be happy
uj looks like its about to tank 100 pipis. don't say i didn't warn you.
BAM BAM BOOM! -bravado
  • #825
  • Jun 19, 2007 10:09am Jun 19, 2007 10:09am
Quoting bravado
uj looks like its about to tank 100 pipis. don't say i didn't warn you.
If UJ does not put 123.85 minimum - MINIMUM!!! - today, I'm a meerkat
  • #826
  • Jun 19, 2007 10:10am Jun 19, 2007 10:10am
Quoting bravado
what a lousy lousy lousy day to trade this has been.
So why? I took some nice 40 pips on USDCAD SHORT.
always expect the unexpected!
  • #827
  • Jun 19, 2007 10:12am Jun 19, 2007 10:12am
Quoting shadeslay
long @ 633
Man I was just teasing. Just don't do it.
always expect the unexpected!
  • #828
  • Jun 19, 2007 10:16am Jun 19, 2007 10:16am
Quoting tiku
Man I was just teasing. Just don't do it.
I admit it's not shaping up as well as I hoped, but I swear I still have it coming back up.
  • #829
  • Jun 19, 2007 10:18am Jun 19, 2007 10:18am
Quoting cesarnc
If UJ does not put 123.85 minimum - MINIMUM!!! - today, I'm a meerkat
Did you mean 122.85 ??? I am short in EJ so we will see.
  • #830
  • Jun 19, 2007 10:21am Jun 19, 2007 10:21am
Quoting shadeslay
I admit it's not shaping up as well as I hoped, but I swear I still have it coming back up.
Trend reversal to the downside is just about to unfold. The retracement seems ending now. Be careful. Seriously
usd seems to bee very weak and might fall like a piano, if the slight uptrendline is broken now.
rgds
t.
always expect the unexpected!
  • #831
  • Jun 19, 2007 10:25am Jun 19, 2007 10:25am
Quoting tiku
Trend reversal to the downside is just about to unfold. The retracement seems ending now. Be careful. Seriously
usd seems to bee very weak and might fall like a piano, if the slight uptrendline is broken now.
rgds
t.

Tiku,

Just curious as to what type of trading style you have? do you just simply trade the trend? you have very good analysis

Thanks
  • #832
  • Jun 19, 2007 10:27am Jun 19, 2007 10:27am
Quoting tiku
Trend reversal to the downside is just about to unfold. The retracement seems ending now. Be careful. Seriously
usd seems to bee very weak and might fall like a piano, if the slight uptrendline is broken now.
rgds
t.
Yep always play with stops around 10 pips, never much too lose then if I'm wrong. And yes it's getting really close to breaking that TL, noticed it on the 4h stochastic, that it might break.
  • #833
  • Jun 19, 2007 10:34am Jun 19, 2007 10:34am
Quoting shadeslay
Yep always play with stops around 10 pips, never much too lose then if I'm wrong. And yes it's getting really close to breaking that TL, noticed it on the 4h stochastic, that it might break.
Yes, it is in oversold territory I assume. Like usually before big breaks.
rgds.
t.
always expect the unexpected!
  • #834
  • Edited 11:13am Jun 19, 2007 10:59am | Edited 11:13am
out at 27, keeps making lower lows, not a good sign.

Demo long is still holding, 1 pip from the sl at 20.
  • #835
  • Jun 19, 2007 11:00am Jun 19, 2007 11:00am
Quoting cesarnc
Just long UJ now and be happy
just shorted uj @ 123.40.
BAM BAM BOOM! -bravado
  • #836
  • Jun 19, 2007 11:15am Jun 19, 2007 11:15am
meh stopped out of my demo long.
  • #837
  • Jun 19, 2007 11:16am Jun 19, 2007 11:16am
Short usdcad since 0619.
always expect the unexpected!
  • #838
  • Jun 19, 2007 11:20am Jun 19, 2007 11:20am
Quoting bravado
just shorted uj @ 123.40.
Great. Why not post about it in a yen thread?

The past 3-4 pages of this thread have deteriorated into a daytrading chatroom.. Let's get some charts and analysis going on again.

I'll start, anyone looking to buy the test of the lower trend on the 4H? The past week could just be a bear flag in the continued downtrend. We'll see soon enough.
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  • #839
  • Jun 19, 2007 11:21am Jun 19, 2007 11:21am
Quoting bravado
just shorted uj @ 123.40.
Attached Image
  • #840
  • Jun 19, 2007 11:25am Jun 19, 2007 11:25am
Quoting Trader KGB
I'll start, anyone looking to buy the test of the lower trend on the 4H?
i have to stick it out till that trend line is broken. i can't get out of my longs yet.

but it does look like the bears are at it again.
BAM BAM BOOM! -bravado
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