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USDCAD trend reversal?

  • #1,221
  • Jun 28, 2007 2:01pm Jun 28, 2007 2:01pm
Quoting FxJarhead
Added 2 more lots at 0612.....
This position closed at 106.27 for +15 pips
Proper Prior Planning Prevents Piss Poor Performance
  • #1,222
  • Edited Jun 29, 2007 12:07pm Jun 28, 2007 2:11pm | Edited Jun 29, 2007 12:07pm
Quoting FxJarhead
This position closed at 106.27 for +15 pips

Added 2 more lots at 106.01...still holding 2 lots @ 106.21 TP reset at 106.41


These positions closed for profit, plus 2lots at 1.0550 and 2 lots at 1.0500 ( did not expect these to get hit overnight!! )

I know many where short here and your TP targets where hit as well!!!!! I was contrainian, this move looked like it worked out well for all. I am Flat this market.
Proper Prior Planning Prevents Piss Poor Performance
  • #1,223
  • Jun 28, 2007 3:32pm Jun 28, 2007 3:32pm
tomorrow is usdcad GDP data.
BAM BAM BOOM! -bravado
  • #1,224
  • Jun 28, 2007 3:37pm Jun 28, 2007 3:37pm
Little pregame warm up or setting up to climb, one thing is certain nobody supporting this loonie
"Millionaires don't use astrology, billionaires do"
  • #1,225
  • Jun 28, 2007 3:43pm Jun 28, 2007 3:43pm
it s around .580's it will raise for a lil i think, do you think it can reach around .610's today?
R.Ozkan 1984 İzmir-Turkiye
  • #1,226
  • Jun 28, 2007 3:46pm Jun 28, 2007 3:46pm
It would seem any rise from here would be simple profit taking as opposed to the beginning of an real rally.

Do you think the Asia session will continue the decline or do they ignore this pair?
  • #1,227
  • Jun 28, 2007 3:47pm Jun 28, 2007 3:47pm
Quoting elskid
..Asia session will continue the decline or do they ignore this pair?
interesting question.
BAM BAM BOOM! -bravado
  • #1,228
  • Jun 29, 2007 3:39am Jun 29, 2007 3:39am
Update today: The downtrend clearly rules again. No further comments needed (see attachment). Nevertheless it went to fast and over night, so I did not get a short entry on this nice move. Maybe on a future retracement.
Rgds
t.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad3.jpg Size: 89 KB
always expect the unexpected!
  • #1,229
  • Jun 29, 2007 3:46am Jun 29, 2007 3:46am
Quoting bravado
desired level reached @ .0600 and position taken.
Which direction you are going?
always expect the unexpected!
  • #1,230
  • Jun 29, 2007 4:11am Jun 29, 2007 4:11am
Quoting bravado
desired level reached @ .0600 and position taken.
Yo!

still short or did you close at 600? if so, why?
  • #1,231
  • Jun 29, 2007 4:21am Jun 29, 2007 4:21am
hi to all
u people must have seen my yesterday recommendation i have said that if it's break 1.0647 level then it will come to 1.0545 level now its at 1.0545
and i m still waiting for 1.0375 level
  • #1,232
  • Jun 29, 2007 4:31am Jun 29, 2007 4:31am
Quoting tiku
Which direction you are going?
went long. got stopped out for -50 pips.
BAM BAM BOOM! -bravado
  • #1,233
  • Jun 29, 2007 4:34am Jun 29, 2007 4:34am
this crazy pair decided to go straight down without any drama.

what a loonie.
BAM BAM BOOM! -bravado
  • #1,234
  • Jun 29, 2007 4:40am Jun 29, 2007 4:40am
Quoting mukul161181
hi to all
u people must have seen my yesterday recommendation i have said that if it's break 1.0647 level then it will come to 1.0545 level now its at 1.0545
and i m still waiting for 1.0375 level
so nice in 1.0375 , I will wait for it.
byebye costly moments.
  • #1,235
  • Jun 29, 2007 5:15am Jun 29, 2007 5:15am
I guess now we now where we are headed.
  • #1,236
  • Jun 29, 2007 5:29am Jun 29, 2007 5:29am
See what a incredibly fantastic pin bar has formed up to now in the 1H chart. I think it will fall down again in the second half hour.
always expect the unexpected!
  • #1,237
  • Jun 29, 2007 5:33am Jun 29, 2007 5:33am
definately it will go down but not for hr .
it will go down up to 1.0375 level.
  • #1,238
  • Jun 29, 2007 5:39am Jun 29, 2007 5:39am
Yep crazy indeed or shaking out weak holders, they got down into stops but bids were bought. lookin for near term buying from here. right into weekly support on LT charts.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_29.jpg Size: 79 KB
"Millionaires don't use astrology, billionaires do"
  • #1,239
  • Jun 29, 2007 5:39am Jun 29, 2007 5:39am
definetly sell cad, but not sure to wait or do it now. there is no telling how far it will drop, so tp open
  • #1,240
  • Jun 29, 2007 5:39am Jun 29, 2007 5:39am
Quoting mukul161181
definately it will go down but not for hr .
it will go down up to 1.0375 level.
We will see. I agree, it has a huge potential short, for covering all those longs that have been built up during the last few weeks.
rgds
t.
always expect the unexpected!
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