Wednesday December 6 at 8:00 ET
A fresh look at AUD/CAD indicates that we have recently completed a corrective wave down, at the low of .8942, which would have been the correct entry point for a long trade to the ultimate top of this trend at about .9200. However, we can try to enter at the bottom of the small wave 2.
Trade Experiment #278 Buy AUD/CAD at .8966
Stop is .8929
Target is .9200
Risk is 43 pips
Reward is 225 pips
Reward : Risk ratio is 5.2 to 1
For research purposes only.
The price should now rise to complete the long upwards trend at about .9200.
p.s. - the entry price of .8966 was just met at 8:40 ET December 6
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Previous trade experiments:
Saturday December 2, 2006 at 12:30 ET
Trade Experiment #246B Sell AUD/CAD at .9100
Stop is .9131
Target #1 is .8500
Risk is 40 pips
Reward is 591 pips
Reward : Risk ratio is 14.8 to 1
For research purposes only.
Note that this is the third attempt to predict the turning point of this massive trend which has carried AUD/CAD up 783 pips so far. At each attempt, the reward : risk ratio increases - from 6.1 to 8.8 and now up to 14.8.
If this third attempt is successful, then the cumulative return on the three trades, based on a Risk Factor of 15%, will be .85 X .85 X 14.8 X .15 = 60%
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Friday December 1 at 10:12 ET
predicting endpoints of current uptrend of GBP/USD , etc.
AUD/CAD " .9100 (hit .9071)
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Thursday November 30 at 12:15 ET
We were stopped out of Trade Signal #246 due to several data releases that caused a strong rise in AUD/USD, and for some reason a concurrent rise in USD/CAD. If it hadn't been for these influential data releases and the unusual response of the CAD, then the original trade concept would almost surely have been successfull.
Trade Signal #246A Sell AUD/CAD at .9018
Stop is .9061
Target is .8600
Risk is 47 pips
Reward is 414 pips
Reward : Risk ratio is 8.8 to 1
For research purposes only.<!-- / message --><!-- controls -->
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Adjust entry price for Trade Signal #246 Sell AUD/CAD at .8973 <hr style="color: rgb(209, 209, 225);" size="1">Wednesday November 29 at 19:00 ET
The entry price for Trade Signal #246 Sell AUD/CAD at .8930 was missed by only 1 pip. Upon further analysis we feel that this was only the top of Wave 3, and that another rise is possible. Therefore adjust entry price to .8973, and stop to .9006.
Adjust entry price for Trade Signal #246 Sell AUD/CAD to .8973
Adjust stop for Trade Signal #246 Sell AUD/CAD to .9006
The target stays the same, so the reward : risk ratio will be increased to 6.1 : 1
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Wednesday November 29 at 8:45 ET
The trade opportunity that has been predicted for some time is very near now:
Trade Signal #246 Sell AUD/CAD at .8930
Stop is .8961
Target is .8700
Risk is 41 pips
Reward is 220 pips
Reward : Risk ratio is 5.3 to 1
For research purposes only.<!-- / message --><!-- controls -->
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Thursday November 23 at 21:00 ET
I will repost my previous AUD/CAD trade signal. This still looks like a fine opportunity to short at either .8880 or .8890 after a very long trend upwards that has been underway since September 28 and will have carried the price up 590 pips.
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Monday November 20 at 17:00 ET
Trade Signal #246 Sell AUD/CAD at .8890
Stop is .8925
Target is .8660
Risk is 44 pips
Reward is 221 pips
Reward : Risk ratio is 5.0 to 1
For research purposes only.<!-- / message --><!-- controls -->
Note: the entry price should be reached in a few days, and as early as November 21.
A fresh look at AUD/CAD indicates that we have recently completed a corrective wave down, at the low of .8942, which would have been the correct entry point for a long trade to the ultimate top of this trend at about .9200. However, we can try to enter at the bottom of the small wave 2.
Trade Experiment #278 Buy AUD/CAD at .8966
Stop is .8929
Target is .9200
Risk is 43 pips
Reward is 225 pips
Reward : Risk ratio is 5.2 to 1
For research purposes only.
The price should now rise to complete the long upwards trend at about .9200.
p.s. - the entry price of .8966 was just met at 8:40 ET December 6
_________________________________________________________
_________________________________________________________
Previous trade experiments:
Saturday December 2, 2006 at 12:30 ET
Trade Experiment #246B Sell AUD/CAD at .9100
Stop is .9131
Target #1 is .8500
Risk is 40 pips
Reward is 591 pips
Reward : Risk ratio is 14.8 to 1
For research purposes only.
Note that this is the third attempt to predict the turning point of this massive trend which has carried AUD/CAD up 783 pips so far. At each attempt, the reward : risk ratio increases - from 6.1 to 8.8 and now up to 14.8.
If this third attempt is successful, then the cumulative return on the three trades, based on a Risk Factor of 15%, will be .85 X .85 X 14.8 X .15 = 60%
__________________________________________________ ________
__________________________________________________ ________
Friday December 1 at 10:12 ET
predicting endpoints of current uptrend of GBP/USD , etc.
AUD/CAD " .9100 (hit .9071)
__________________________________________________ ____
Thursday November 30 at 12:15 ET
We were stopped out of Trade Signal #246 due to several data releases that caused a strong rise in AUD/USD, and for some reason a concurrent rise in USD/CAD. If it hadn't been for these influential data releases and the unusual response of the CAD, then the original trade concept would almost surely have been successfull.
Trade Signal #246A Sell AUD/CAD at .9018
Stop is .9061
Target is .8600
Risk is 47 pips
Reward is 414 pips
Reward : Risk ratio is 8.8 to 1
For research purposes only.<!-- / message --><!-- controls -->
__________________________________________________ __________
__________________________________________________ __________
Adjust entry price for Trade Signal #246 Sell AUD/CAD at .8973 <hr style="color: rgb(209, 209, 225);" size="1">Wednesday November 29 at 19:00 ET
The entry price for Trade Signal #246 Sell AUD/CAD at .8930 was missed by only 1 pip. Upon further analysis we feel that this was only the top of Wave 3, and that another rise is possible. Therefore adjust entry price to .8973, and stop to .9006.
Adjust entry price for Trade Signal #246 Sell AUD/CAD to .8973
Adjust stop for Trade Signal #246 Sell AUD/CAD to .9006
The target stays the same, so the reward : risk ratio will be increased to 6.1 : 1
_________________________________________________
_________________________________________________
Wednesday November 29 at 8:45 ET
The trade opportunity that has been predicted for some time is very near now:
Trade Signal #246 Sell AUD/CAD at .8930
Stop is .8961
Target is .8700
Risk is 41 pips
Reward is 220 pips
Reward : Risk ratio is 5.3 to 1
For research purposes only.<!-- / message --><!-- controls -->
__________________________________________________ _________
__________________________________________________ _________
Thursday November 23 at 21:00 ET
I will repost my previous AUD/CAD trade signal. This still looks like a fine opportunity to short at either .8880 or .8890 after a very long trend upwards that has been underway since September 28 and will have carried the price up 590 pips.
_______________________________________ ___________
__________________________________________________ ___________
Monday November 20 at 17:00 ET
Trade Signal #246 Sell AUD/CAD at .8890
Stop is .8925
Target is .8660
Risk is 44 pips
Reward is 221 pips
Reward : Risk ratio is 5.0 to 1
For research purposes only.<!-- / message --><!-- controls -->
Note: the entry price should be reached in a few days, and as early as November 21.