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USDCAD trend reversal?

  • #1,961
  • Aug 15, 2007 6:00pm Aug 15, 2007 6:00pm
I'm long +60 now,

will make up for the 4 losses from the last
week.
  • #1,962
  • Aug 15, 2007 6:05pm Aug 15, 2007 6:05pm
Quoting bobblong
I'm long +60 now,

will make up for the 4 losses from the last
week.
going to wait till this pair hits 0840. then BAM!
BAM BAM BOOM! -bravado
  • #1,963
  • Aug 15, 2007 6:08pm Aug 15, 2007 6:08pm
Bam bam.. but not too far
  • #1,964
  • Aug 15, 2007 6:10pm Aug 15, 2007 6:10pm
Quoting bobblong
Bam bam.. but not too far
we'll see..
BAM BAM BOOM! -bravado
  • #1,965
  • Aug 15, 2007 7:02pm Aug 15, 2007 7:02pm
Quoting connect_ananth
how can we calculate the pull back ?
Calculating pulbbacks is an Art not a Science !

The key is to train your eye and be aware of what the
Longer-Term Weekly and Monthly charts are saying ....
  • #1,966
  • Aug 15, 2007 7:32pm Aug 15, 2007 7:32pm
Quoting marketwavez
Calculating pulbbacks is an Art not a Science !

The key is to train your eye and be aware of what the
Longer-Term Weekly and Monthly charts are saying ....
Point taken :-)
  • #1,967
  • Aug 16, 2007 1:43am Aug 16, 2007 1:43am
USDCAD

As expected, USDCAD broke above 1.0698 previous high. Further rise towards 1.0900 is still possible later today. Near term support is at 1.0725, and as long as this support holds up trend will continue.
If I Go Broke Trying Then I Will die happy.
  • #1,968
  • Aug 16, 2007 7:20am Aug 16, 2007 7:20am
Quoting bravado
going to wait till this pair hits 0840. then BAM!
That was a good call, I hope you were there to catch it.
I closed mine with nice profit
  • #1,969
  • Aug 16, 2007 7:24am Aug 16, 2007 7:24am
Quoting bobblong
That was a good call, I hope you were there to catch it.
I closed mine with nice profit
limit order filled @ .0840 short, still holding onto it.

i take it you closed your long trades near the current top?
BAM BAM BOOM! -bravado
  • #1,970
  • Aug 16, 2007 8:03am Aug 16, 2007 8:03am
taking profit right here @ 0759. cha-ching!
BAM BAM BOOM! -bravado
  • #1,971
  • Edited 8:23am Aug 16, 2007 8:05am | Edited 8:23am
Had 3 parts on, took profit at 1.0804 and a few pips below
now I'm short in the red. S/l 1.0810

The down move was real fast... not expected

EDit: seconds after posting this i'm +60 >=)
  • #1,972
  • Aug 16, 2007 8:23am Aug 16, 2007 8:23am
Quoting bobblong
Had 3 parts on, took profit at 1.0804 and a few pips below
now I'm short in the red. S/l 1.0810

The down move was real fast... not expected
good deal. looks like i got off too early.
BAM BAM BOOM! -bravado
  • #1,973
  • Aug 16, 2007 8:23am Aug 16, 2007 8:23am
Looks like we might have test of the 500's and 450's.A big H4 bear candle after long time ...
  • #1,974
  • Aug 16, 2007 8:29am Aug 16, 2007 8:29am
will keep an eye open for this pair.
recovered from what i lost yesterday just few minutes ago.
TAKE THAT USDCAD!
BAM BAM BOOM! -bravado
  • #1,975
  • Edited 9:38am Aug 16, 2007 9:26am | Edited 9:38am
Quoting bobblong
Had 3 parts on, took profit at 1.0804 and a few pips below
now I'm short in the red. S/l 1.0810

The down move was real fast... not expected

EDit: seconds after posting this i'm +60 >=)
What is happening here, why all of sudden USD/CAD made U turn?

Is it going on down trend again?

Any Idea or thoughts?
  • #1,976
  • Aug 16, 2007 9:28am Aug 16, 2007 9:28am
It's the correction after the breakout from the H&S bottom chart a few posts back. Expect it to go up now.
  • #1,977
  • Aug 16, 2007 2:00pm Aug 16, 2007 2:00pm
long placed 1.0775
  • #1,978
  • Aug 17, 2007 7:37am Aug 17, 2007 7:37am
looks like Cad goverment is still pumping money in.
The trend is your friend
  • #1,979
  • Aug 17, 2007 7:39am Aug 17, 2007 7:39am
Quoting bravado
good deal. looks like i got off too early.
i did. i did get off that trade too early.

http://users.bigpond.net.au/jellery/tweety1a.gif
BAM BAM BOOM! -bravado
  • #1,980
  • Aug 17, 2007 8:44am Aug 17, 2007 8:44am
why oh why did i get off that short trade yesterday..

sheesh!
BAM BAM BOOM! -bravado
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