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USDCAD trend reversal?

  • #1,241
  • Jun 29, 2007 5:54am Jun 29, 2007 5:54am
Quoting OrionsWay
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.
took your idea and long @ .0525.
BAM BAM BOOM! -bravado
  • #1,242
  • Jun 29, 2007 6:06am Jun 29, 2007 6:06am
Quoting bravado
took your idea and long @ .0525.
Im long as well @0490 yikes, but should all them shorts cover on strong USD news today we could be heading 1.10 pretty quick
"Millionaires don't use astrology, billionaires do"
  • #1,243
  • Jun 29, 2007 6:11am Jun 29, 2007 6:11am
you are crazy
  • #1,244
  • Jun 29, 2007 6:15am Jun 29, 2007 6:15am
Quoting OrionsWay
Im long as well @0490 yikes, but should all them shorts cover on strong USD news today we could be heading 1.10 pretty quick
lets see how it goes.
BAM BAM BOOM! -bravado
  • #1,245
  • Jun 29, 2007 6:22am Jun 29, 2007 6:22am
Quoting ratman
you are crazy
I completely agree. But better for us.
always expect the unexpected!
  • #1,246
  • Jun 29, 2007 6:22am Jun 29, 2007 6:22am
Corrections are long drawn out afairs choppy up down shake outs tests still think we range for months before resumption of downtrend at least mid aug
"Millionaires don't use astrology, billionaires do"
  • #1,247
  • Jun 29, 2007 6:26am Jun 29, 2007 6:26am
Quoting tiku
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.
http://www.hectortrader.com/random/usdcad3.jpg
What the hell, your chart template looks SO much alike mine!!!
Attached Image
  • #1,248
  • Jun 29, 2007 6:29am Jun 29, 2007 6:29am
07:28 We're hearing that the USDCAD move down to the lows in the 1.0475 area was M&A related. That was the market getting pounded with $7B.

WTF answered
  • #1,249
  • Jun 29, 2007 6:30am Jun 29, 2007 6:30am
07:28We're hearing that the USDCAD move down to the lows in the 1.0475 area was M&A related. That was the market getting pounded with $7B.


excuse me but what is M&A ?
  • #1,250
  • Jun 29, 2007 6:34am Jun 29, 2007 6:34am
Quoting ratman
07:28 We're hearing that the USDCAD move down to the lows in the 1.0475 area was M&A related. That was the market getting pounded with $7B.


excuse me but what is M&A ?
Merger & Acquisition
  • #1,251
  • Jun 29, 2007 6:34am Jun 29, 2007 6:34am
Mergers, basically canada selling out the country, But legislature is ammending these issues asap
"Millionaires don't use astrology, billionaires do"
  • #1,252
  • Jun 29, 2007 6:35am Jun 29, 2007 6:35am
Quoting ratman
07:28 We're hearing that the USDCAD move down to the lows in the 1.0475 area was M&A related. That was the market getting pounded with $7B.


excuse me but what is M&A ?
Mergers & Acquisitions: A buy or sell of a company to another or a huge fund.
always expect the unexpected!
  • #1,253
  • Jun 29, 2007 6:37am Jun 29, 2007 6:37am
Could see 1.4000 in next cpl years
"Millionaires don't use astrology, billionaires do"
  • #1,254
  • Jun 29, 2007 6:39am Jun 29, 2007 6:39am
Quoting WTB
What the hell, your chart template looks SO much alike mine!!!
yup. I am working with emas and have the fibs around a 144 ema channel. That gives me nice profit target. You see how likely it bounces down and up from those steps.
rgds.
t.
always expect the unexpected!
  • #1,255
  • Jun 29, 2007 6:42am Jun 29, 2007 6:42am
hell, what a washout...somebody seems to have bought up the last cads available at noon...must have been urgent
  • #1,256
  • Jun 29, 2007 6:50am Jun 29, 2007 6:50am
Quoting peter100
hell, what a washout...somebody seems to have bought up the last cads available at noon...must have been urgent
Be nice if that was the case mid term prolly see alot of this LOL
"Millionaires don't use astrology, billionaires do"
  • #1,257
  • Jun 29, 2007 6:51am Jun 29, 2007 6:51am
Quoting peter100
hell, what a washout...somebody seems to have bought up the last cads available at noon...must have been urgent

check out my chart
Attached File(s)
File Type: doc Doc1.doc   109 KB | 308 downloads
  • #1,258
  • Jun 29, 2007 7:05am Jun 29, 2007 7:05am
mukul,

i see...anyway, to be honest, im more into some sort of hit-and-run trading style...couldnt resist and scalped the washout a little bit..
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.jpg Size: 57 KB
  • #1,259
  • Jun 29, 2007 7:33am Jun 29, 2007 7:33am
ultimate bullcrap right now
  • #1,260
  • Jun 29, 2007 7:38am Jun 29, 2007 7:38am
good call orion.
BAM BAM BOOM! -bravado
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