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USDCAD trend reversal?

  • #2,081
  • Sep 6, 2007 5:18pm Sep 6, 2007 5:18pm
Quoting RWorld
what do u think marketwaves?

i think it is still going south.
but?
Not confident..................
Let's wait to see what Bobblong is thinking , he should be here shortly .

Also Remeber I'm using with Elliott Waves which is a contarian method .
  • #2,082
  • Sep 6, 2007 5:22pm Sep 6, 2007 5:22pm
Quoting BBPI_fxtrader
also long @1.0553
What's your stoploss level ? ..........
  • #2,083
  • Edited 8:22pm Sep 6, 2007 8:04pm | Edited 8:22pm
Usd/Cad

Look at all this support ...........

Do the Bulls have a Solid Foundation ?
................or .....................
Can the Bears push through this Yellow line ? ............

--------------------------------------------------------------
Tomorrow should be interesting ..........
The markets always seems to get exited on the first Friday of the month !


 - Double click on chart to enlarge.
Attached Image (click to enlarge)
Click to Enlarge Name: CAD-9-07-2007-#2.gif Size: 27 KB
  • #2,084
  • Edited 8:14am Sep 7, 2007 8:00am | Edited 8:14am
It's not going anywhere, even after such crappy NFP figures.

That's what bobblong is thinking mw .. lol.

But my condolences to all bulls that got buried today, you had it coming.

Will only be considering any kind of position in timeframes 1hr or more if 1.0750 becomes clear support or 1.0460 clear resistance. Scalping is probably the only viable strategy right now.
  • #2,085
  • Sep 7, 2007 8:51am Sep 7, 2007 8:51am
Quoting marketwavez
What's your stoploss level ? ..........
my stop loss is usually 25-30 pips away from the price. however, i closed this position early
Twitter: @forexpokerpro
  • #2,086
  • Sep 7, 2007 10:19am Sep 7, 2007 10:19am
I just held onto my longs 0486 through the ups and downs target 1.11+ coming soon fellas
"Millionaires don't use astrology, billionaires do"
  • #2,087
  • Sep 7, 2007 1:16pm Sep 7, 2007 1:16pm
it's been up/down like a see-saw today
  • #2,088
  • Sep 7, 2007 1:30pm Sep 7, 2007 1:30pm
its been see sawing all week and last week wasnt a very smooth either. Need some serious buying power to take it to 1.1+++
  • #2,089
  • Sep 7, 2007 2:55pm Sep 7, 2007 2:55pm
hhahaha I'm not coming back to this thread.
  • #2,090
  • Sep 8, 2007 6:06am Sep 8, 2007 6:06am
good thing is it has been rangebound over the last few weeks, so one can short and go long at a predictable price...still expecting an upward move, but then again if the fed cuts rates by .50 (not just .25) what then
  • #2,091
  • Sep 8, 2007 6:31am Sep 8, 2007 6:31am
weekly chart USD/CAD down target 0.9761
http://img409.imageshack.us/my.php?image=ucie5.gif
Forex Trading ---> https://t.me/fxdarius
  • #2,092
  • Sep 8, 2007 6:55am Sep 8, 2007 6:55am
Quoting pips_boy
weekly chart USD/CAD down target 0.9761
http://img409.imageshack.us/my.php?image=ucie5.gif
do you mind if i ask, are you basing this on the potential for a fed cut?
  • #2,093
  • Sep 9, 2007 8:32am Sep 9, 2007 8:32am
Quoting bobblong
hhahaha I'm not coming back to this thread.


What a bummer, not sure we can survive without you Bob. we'll all have to pull double duty with you gone. Fair well Old friend
"Millionaires don't use astrology, billionaires do"
  • #2,094
  • Sep 10, 2007 4:29pm Sep 10, 2007 4:29pm
Quoting pips_boy
weekly chart USD/CAD down target 0.9761
http://img409.imageshack.us/my.php?image=ucie5.gif
I'm very confused now. Here we have both trend opinions. What is a good sign for up/down trend? Maybe waiting is a good diea.
  • #2,095
  • Sep 10, 2007 5:11pm Sep 10, 2007 5:11pm
I'm Long right now
  • #2,096
  • Sep 10, 2007 10:49pm Sep 10, 2007 10:49pm
what do u think Bob?

Any suggestion? Long or Short?
  • #2,097
  • Sep 11, 2007 6:54am Sep 11, 2007 6:54am
Quoting RWorld
Any suggestion? Long or Short?



price rest upon a support trend line .. http://www.forexfactory.com/showpost...9&postcount=16
  • #2,098
  • Sep 11, 2007 7:47am Sep 11, 2007 7:47am
Quoting forex3e
price rest upon a support trend line .. http://www.forexfactory.com/showpost...9&postcount=16
i think the support at 1.0461 is broken now it is going to test 1.0340
  • #2,099
  • Sep 12, 2007 1:09am Sep 12, 2007 1:09am
USD CAD broke 1,0480 support. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, daily (Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum.
If I Go Broke Trying Then I Will die happy.
  • #2,100
  • Sep 12, 2007 4:53am Sep 12, 2007 4:53am
Long at 10429 with a tight stop.

You need one when you try and pick bottoms
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