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USDCAD trend reversal?

  • #1,861
  • Aug 8, 2007 8:40am Aug 8, 2007 8:40am
risky but possibly a bullish wedge formation about to complete
  • #1,862
  • Aug 8, 2007 8:52am Aug 8, 2007 8:52am
Quoting bobblong
risky but possibly a bullish wedge formation about to complete
could you explain a bit more on your analysis?
  • #1,863
  • Aug 8, 2007 8:59am Aug 8, 2007 8:59am
61 fib. comes in at these levels. Longs could be placed around this level for a short term profit if 1h reversal patterns are seen.
Attached Image (click to enlarge)
Click to Enlarge Name: uscad.jpg Size: 84 KB
  • #1,864
  • Aug 8, 2007 9:41am Aug 8, 2007 9:41am
cad entry taken 0465
"Millionaires don't use astrology, billionaires do"
  • #1,865
  • Aug 8, 2007 9:54am Aug 8, 2007 9:54am
what's going on with the loonie.

haven't been on this thread for a while.
BAM BAM BOOM! -bravado
  • #1,866
  • Aug 8, 2007 10:00am Aug 8, 2007 10:00am
Quoting OrionsWay
cad entry taken 0465
what is your TP1 and TP2 ??? and when do u expect to hit that ??
  • #1,867
  • Aug 8, 2007 10:10am Aug 8, 2007 10:10am
Quoting OrionsWay
cad entry taken 0465
long or short?
BAM BAM BOOM! -bravado
  • #1,868
  • Aug 8, 2007 10:15am Aug 8, 2007 10:15am
Quoting bravado
long or short?

We'll find out when screaming and cursing starts after a decision in one direction
Trust price. Know yourself.
  • #1,869
  • Aug 8, 2007 10:18am Aug 8, 2007 10:18am
Quoting SeekingLight
We'll find out when screaming and cursing starts after a decision in one direction
noted.
BAM BAM BOOM! -bravado
  • #1,870
  • Aug 8, 2007 10:20am Aug 8, 2007 10:20am
Quoting connect_ananth
could you explain a bit more on your analysis?
Look in the graphic below, it is self explanatory. 4HR chart. NOTE: I am a beginner. Take it all with a grain of salt.

But my idea is that while forming this pattern it has been cutting through supports on the way but the one marked in the graphic depicts the most significant one and where price is holding on to now. If/when this pattern is complete, we have a good indication of the forthcoming trend. If price will close on the 4hr below this support, I say it is a good indication of trend continuation to the downside.

Bob
Attached Image
  • #1,871
  • Aug 8, 2007 10:21am Aug 8, 2007 10:21am
hi,how can i log into the demo account..

how will i sign up?i hv just downloaded the demo account but i can't log in..thanx.

very new to this....need some walk thru help..thanx again.
  • #1,872
  • Aug 8, 2007 10:24am Aug 8, 2007 10:24am
Quoting bobblong
Look in the graphic below..
nice chart. i'd like to see that from a distance though.
i'll do that sometime later on my chart.
BAM BAM BOOM! -bravado
  • #1,873
  • Aug 8, 2007 10:30am Aug 8, 2007 10:30am
Quoting leqwedz
hi,how can i log into the demo account..

how will i sign up?i hv just downloaded the demo account but i can't log in..thanx.

very new to this....need some walk thru help..thanx again.
Start here http://forexfactory.com/forumdisplay.php?f=56
  • #1,874
  • Aug 8, 2007 10:31am Aug 8, 2007 10:31am
Quoting bravado
nice chart. i'd like to see that from a distance though.
i'll do that sometime later on my chart.
Why, thank you... let us know what you see.
  • #1,875
  • Aug 8, 2007 10:39am Aug 8, 2007 10:39am
Im long and tp .11xx-13xx a while out, not in like next hour or nothing


entries 0469,0508 and 0533
"Millionaires don't use astrology, billionaires do"
  • #1,876
  • Aug 8, 2007 10:41am Aug 8, 2007 10:41am
Quoting bobblong
Why, thank you... let us know what you see.
http://i48.photobucket.com/albums/f2...ames-bitch.png

oops. wrong one..

i'll do it later on. right now just relaxing.
BAM BAM BOOM! -bravado
  • #1,877
  • Aug 8, 2007 10:43am Aug 8, 2007 10:43am
Quoting OrionsWay
Im long and tp .11xx-13xx a while out, not in like next hour or nothing
so u have a stop loss at 1.0330
  • #1,878
  • Aug 8, 2007 10:45am Aug 8, 2007 10:45am
Not running a SL on this, a mental one if things dont work out

but if i was looking at this action a break much below the current lo id be out, market is being bought, below that its being sold

we should never see that price again for weeks months or even years, maybe little wishful thinking there though
"Millionaires don't use astrology, billionaires do"
  • #1,879
  • Aug 8, 2007 11:11am Aug 8, 2007 11:11am
Going up to the sky like this coaster
  • #1,880
  • Aug 8, 2007 11:14am Aug 8, 2007 11:14am
Going up to the sky like this coaster
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