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USDCAD trend reversal?

  • #841
  • Jun 19, 2007 1:32pm Jun 19, 2007 1:32pm
Quoting Trader KGB
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.
Trend line are great when they are resistances but be ready for a break
Attached Image
  • #842
  • Jun 19, 2007 1:38pm Jun 19, 2007 1:38pm
Quoting bravado
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.
Mine is already broken. If I only knew how to take a screenshot, I would post it here. Since 0619 I am short.
Nevertheless the downside potential is not too big now. Waiting for pull back after 20 pips.
always expect the unexpected!
  • #843
  • Jun 19, 2007 1:41pm Jun 19, 2007 1:41pm
I'm a glutten, re-entered long @ 20, sl @15
  • #844
  • Jun 19, 2007 1:49pm Jun 19, 2007 1:49pm
Quoting tiku
Mine is already broken. If I only knew how to take a screenshot, I would post it here. Since 0619 I am short.
Nevertheless the downside potential is not too big now. Waiting for pull back after 20 pips.
Print screen and paste in paint ^^

Otherwise if you are using MT4 go to file/save as picture
  • #845
  • Jun 19, 2007 2:06pm Jun 19, 2007 2:06pm
just got stopped out of my short position, riiiight before it reversed. that sucks!
  • #846
  • Jun 19, 2007 2:18pm Jun 19, 2007 2:18pm
Quoting melpheos
Print screen and paste in paint ^^

Otherwise if you are using MT4 go to file/save as picture
Thanx. That works. Here we are.
First take profit at round number 0600 second at 144 ema fib level around 0580.
The moving averages are indicating that the uptrend of the "flag" is over already (all three of them are pointing down), at least at the 30M level. This level indicates potential trend reversals the earliest.

Rgds.
t.

Let's see how it works out.
The risky side of the trade is that the daily range is almost done. So I am hoping no bigger bounce or retracement starts...
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.jpg Size: 85 KB
always expect the unexpected!
  • #847
  • Jun 19, 2007 2:35pm Jun 19, 2007 2:35pm
Quoting cesarnc
http://www.forexfactory.com/showthread.php?t=34254

people are already asking me for expert advice on uj.
BAM BAM BOOM! -bravado
  • #848
  • Jun 19, 2007 2:43pm Jun 19, 2007 2:43pm
Quoting bravado
http://www.forexfactory.com/showthread.php?t=34254

people are already asking me for expert advice on uj.
seen it. pathetic.
  • #849
  • Jun 19, 2007 2:51pm Jun 19, 2007 2:51pm
usdcad longs still in play.
my expert analysis says so.

http://www.imagefreehost.com/files/1...1410065408.jpg

but looks like bearish flag for sure.
BAM BAM BOOM! -bravado
  • #850
  • Jun 19, 2007 3:10pm Jun 19, 2007 3:10pm
Bearish indeed, sl moved to BE.

Lost already one this today, I don't need a repeat.
  • #851
  • Jun 19, 2007 3:18pm Jun 19, 2007 3:18pm
Quoting shadeslay
Bearish indeed, sl moved to BE.

Lost already one this today, I don't need a repeat.
i'm on a losing streak today. -300 plus pipis in one day.
BAM BAM BOOM! -bravado
  • #852
  • Jun 19, 2007 3:26pm Jun 19, 2007 3:26pm
Quoting bravado
i'm on a losing streak today. -300 plus pipis in one day.
Ouch those kind of days hurt, had a few days like that myself. Can't let it get you down there's always tomorrow to get pay back. Market loves to kick me a few times when I'm down aswell. Just have to keep getting back up, it's gets tired of kicking after awhile.

Just taunting my sl now 1 pip away, at 24.
  • #853
  • Jun 19, 2007 3:32pm Jun 19, 2007 3:32pm
lol just as I typed that got stopped out.

1 loss, 1 even 1 win, and 2 stagnate trades. Not a good start for a day.
  • #854
  • Jun 19, 2007 3:38pm Jun 19, 2007 3:38pm
Quoting shadeslay
..Just have to keep getting back up, it's gets tired of kicking after awhile.
I open my eyes
I try to see but I'm blinded by the negative pips.
I can’t remember how
I can’t remember why
I'm lying here tonight
And I can’t STAND the pain
And I can’t make it go away
No I can’t STAND the pain


*CHORUS*
How could this happen to me
I've made my mistakes
Can't close the trades now
The market goes on as my pips keep fading away
I'm sick of this trade
I just wanna scream
How could this happen to me

Everybody’s trading
I try to make a sound but no one hears me
Price slipping off the trendline
Stop loss hanging by a thread
I wanna start this over again
So I try to hold
Thinking it will
Break even
And I can’t explain
What happened and I can’t erase the trades that I’ve done
No I can’t

*CHORUS*
How could this happen to me
I've made my mistakes
And took my stop loss
The market goes on as profits fading away
I'm sick of this trade
I just wanna scream
How could this happen to me

I've made my mistakes
And took my stop loss
The market goes on as my pips faded away
I’m sick of this trade
I just wanna scream
How could this happen to me..
BAM BAM BOOM! -bravado
  • #855
  • Jun 19, 2007 3:47pm Jun 19, 2007 3:47pm
Quoting bravado
I open my eyes
I try to see but I'm blinded by the negative pips.
I can’t remember how
I can’t remember why
I'm lying here tonight
And I can’t STAND the pain
And I can’t make it go away
No I can’t STAND the pain


*CHORUS*
How could this happen to me
I've made my mistakes
Can't close the trades now
The market goes on as my pips keep fading away
I'm sick of this trade
I just wanna scream
How could this happen to me

...
always expect the unexpected!
  • #856
  • Jun 19, 2007 4:02pm Jun 19, 2007 4:02pm
Quoting bravado
I open my eyes (...)
  • #857
  • Jun 19, 2007 4:13pm Jun 19, 2007 4:13pm
4
11
4
4
4
6
7
6
(46)(8)(5)=1840=0=0=0
6
4
5
10
5
4
6
(40)(7)(5)=1400=1.3143=3=3^1
2
11
5
6
6
5
3
2
4
11
3
(58)(11)(5)=3190=0.4389=6=3*2
6
4
5
8
5
4
6
(38)(7)(5)=1330=2.3985=9=3^2
4
5
9
5
4
6
(33)(6)(5)=990=1.3434=6=3*2

Damn! I got to get a life!

Quoting bravado
I open my eyes
I try to see but I'm blinded by the negative pips.
I can’t remember how
I can’t remember why
I'm lying here tonight
And I can’t STAND the pain
And I can’t make it go away
No I can’t STAND the pain


*CHORUS*
How could this happen to me
I've made my mistakes
Can't close the trades now
The market goes on as my pips keep fading away
I'm sick of this trade
I just wanna scream
How could this happen to me

Everybody’s trading
I try to make a sound but no one hears me
Price slipping off the trendline
Stop loss hanging by a thread
I wanna start this over again
So I try to hold
Thinking it will
Break even
And I can’t explain
What happened and I can’t erase the trades that I’ve done
No I can’t

*CHORUS*
How could this happen to me
I've made my mistakes
And took my stop loss
The market goes on as profits fading away
I'm sick of this trade
I just wanna scream
How could this happen to me

I've made my mistakes
And took my stop loss
The market goes on as my pips faded away
I’m sick of this trade
I just wanna scream
How could this happen to me..
  • #858
  • Jun 19, 2007 4:29pm Jun 19, 2007 4:29pm
Are you guys going a bit nuts? Forget USD/CAD, EUR/CAD is where the money will be made. US$ is a loser, probably wont have any bounce on it anyway. USD is for shortin', Euro is for going long.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #859
  • Jun 19, 2007 5:15pm Jun 19, 2007 5:15pm
Ive gone long at 1.0624 SL 30
  • #860
  • Jun 19, 2007 5:59pm Jun 19, 2007 5:59pm
Hello

Does anyone know why the this pair fell today, was it the news, oil.. what

from all indicators it was trending up
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