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USDCAD trend reversal?

  • #1,461
  • Jul 13, 2007 12:07am Jul 13, 2007 12:07am
so what do you guys thing U/CAD will do?
  • #1,462
  • Jul 13, 2007 12:11am Jul 13, 2007 12:11am
Quoting MoForce
so what do you guys thing U/CAD will do?
it will continue to fall. the big guys are long oil heavily (check COT data). you should go long cad.
  • #1,463
  • Jul 13, 2007 12:35am Jul 13, 2007 12:35am
Quoting OrionsWay
Sell sell selllllllll

Trend is your friend sell sell sell


I forgot to mention something in my previous posts, something.. quite important.. something.. that you will find particularly useful....


SELLLLL SELLLLLL SELLLLLLLLLLLL!
  • #1,464
  • Jul 13, 2007 1:20am Jul 13, 2007 1:20am
Well it looks like I should long CAD (short USD) but it's been like 8 hours and it's been flat not breaking the 1.0450 support
  • #1,465
  • Jul 13, 2007 2:13am Jul 13, 2007 2:13am
Kind of funny. After three months now it is sell sell sell. Hmm. Bad US news later this morning I think will drive it past 0450. I'm going to wait & see. Sell a bounce.
  • #1,466
  • Jul 13, 2007 3:53am Jul 13, 2007 3:53am
CAD is growing up now. CAD helps high oil cost. My forecast is decreasing of USD/CAD. CAD - buy.
  • #1,467
  • Jul 13, 2007 4:01am Jul 13, 2007 4:01am
I closed my shorts for excellent profits. Im contemplating going long, be interesting to see what develops in the next few bars
  • #1,468
  • Jul 13, 2007 4:06am Jul 13, 2007 4:06am
Quoting MoForce
When do you think is a good time to enter again? I closed right now for almost 80 pips.
Was good for me to about 90 pips, seems to be sideways now perhaps after new this morning it will break through resistance, I think I will still go short.
  • #1,469
  • Jul 13, 2007 7:25am Jul 13, 2007 7:25am
Lets see what the retail sales bring, could be what pushes USD/CAD lower past the 1.0450 level
  • #1,470
  • Jul 13, 2007 7:27am Jul 13, 2007 7:27am
Quoting el_duende
Lets see what the retail sales bring, could be what pushes USD/CAD lower past the 1.0450 level
1.0393 is my bottom
Patience + Humility + Study = Success
  • #1,471
  • Jul 13, 2007 7:43am Jul 13, 2007 7:43am
Poor USD can things get any worse for it at the moment lol
Strange reaction so far USD/CAD hasnt been hit as hard as I thought off these numbers
  • #1,472
  • Jul 13, 2007 7:44am Jul 13, 2007 7:44am
Quoting el_duende
Poor USD can things get any worse for it at the moment lol
Yep, they can, subprime hasn't fully kicked in. That's a scary thought.
Patience + Humility + Study = Success
  • #1,473
  • Jul 13, 2007 8:46am Jul 13, 2007 8:46am
I think 1.0490 is going to be the top/resistance and it should go down from there....especially if US news is bad
  • #1,474
  • Jul 13, 2007 10:35am Jul 13, 2007 10:35am
Quoting MoForce
I think 1.0490 is going to be the top/resistance and it should go down from there....especially if US news is bad
Agreed, a 1.0393 test is in the works.
Patience + Humility + Study = Success
  • #1,475
  • Jul 13, 2007 8:49pm Jul 13, 2007 8:49pm
Quoting OrionsWay
Sell sell selllllllll

Trend is your friend sell sell sell

The Trend is your friend- Until it Bends ! ......
- - - - - - - - - - - - - - - - - - - - - - - - - - - - -
  • #1,476
  • Edited 9:43pm Jul 13, 2007 9:03pm | Edited 9:43pm
Here is a look at the Usd/Cad going int to Monday next week.....


A Moment of Truth .....
Elliott Waves method is a contraian method of trading
- that is rooted in Fibonacci Retracements .

It's all about finding PULLBACKS ..... and Finding a Base of Some kind !
------------------------------------------------------------------------
You are looking to get on board just when a new trend may be starting
by identifying some kind of Base like a say a Double Bottom Formation
to be formed within the chart formations itself ;

Elliott Waves Method is not an Oscillator System that looks to ride trends .
See the chart Update Below -
Attached Image (click to enlarge)
Click to Enlarge Name: CAD-7-13-2007-#1.jpg Size: 57 KB
  • #1,477
  • Edited 10:11pm Jul 13, 2007 9:04pm | Edited 10:11pm
--------------------------------------
There are many Trading Styles -
and there are different Time Frames to trade off of

- Traders eventually find their favorite time frames to trade off of !
- Traders eventually find their favorite tools to trade with !

-----------------------------------------------------------------
Many people are quick to chastise others when the make
a wrong call or a bad call so to speak ....

But it shouldn't be that way ,
Simply because no matter how good you think you are ,
-There's always times when you are going to to be wrong ............
( WE ALL HAVE TO LICK OUR WOUNDS SOMETIMES )

and unfortunately the only way to really learn
is when you are wrong or when you loose .


There's an old saying

Man learns much from Defeat , but learns very little from Victory !.....

------------------------------------------------------------------
So in the end all we have is Probability !
------------------------------------------------------------------
That's why Forums like this are such a great tool ..............

A place where We all get to share our Opinions and Ideas...
and then just let the nature of the markets take its course . It's all good !.....

Nothing is Cast in Stone .......Nothing is 100% Reliable
  • #1,478
  • Jul 13, 2007 9:55pm Jul 13, 2007 9:55pm
Quoting marketwavez
--------------------------------------
There are many Trading Styles -
and there are different Time Frames to trade off of

- Traders eventually find their favorite time frames to trade off of !
- Traders eventually find their favorite tools to trade with !

-----------------------------------------------------------------
Many people are quick to chastise others when the make
a wrong call or a bad call so to speak ....

But it shouldn't be that way ,
Simply because no matter how good you think you are ,
-There's always times when you are going to to be wrong ............
( WE ALL HAVE TO LICK OUR WOUNDS SOMETIMES )

and unfortunately it is the only way to really learn
is when you are wrong or when you loose .


There's an old saying

Man learns much from Defeat , but learns very little from Victory !.....

------------------------------------------------------------------
So in the end all we have is Probability !
------------------------------------------------------------------
That's why Forums like this is such a great tool ..............

A place where We all get to share our Opinions and Ideas...
and then just let the nature of the markets take its course . It's all good !.....

Nothing is Cast in Stone .......Nothing is 100% Reliable
I completely agree with you.
Forum is to sharing opinions, ideas and make we learn and learn more.
there nothing 100% is forex.

regards,
  • #1,479
  • Jul 13, 2007 11:38pm Jul 13, 2007 11:38pm
Quoting marketwavez
Here is a look at the Usd/Cad going int to Monday next week.....


A Moment of Truth .....
Elliott Waves method is a contraian method of trading
- that is rooted in Fibonacci Retracements .

It's all about finding PULLBACKS ..... and Finding a Base of Some kind !
------------------------------------------------------------------------
You are looking to get on board just when a new trend may be starting
by identifying some kind of Base like a say a Double Bottom Formation
to be formed within the chart formations itself ;

Elliott Waves Method is not an Oscillator System that looks to ride trends .
See the chart Update Below -
So you're saying that USD/CAD will be going up...well you think it will? I still say down.
  • #1,480
  • Jul 14, 2007 8:15am Jul 14, 2007 8:15am
I still say we need a test of 1.0393
Patience + Humility + Study = Success
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