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USDCAD trend reversal?

  • #2,101
  • Sep 12, 2007 5:11am Sep 12, 2007 5:11am
Quoting the_wizard
Long at 10429 with a tight stop.

You need one when you try and pick bottoms
Or when buying USD when the USDX looks like Enron's stock price in their final days ;p
Trust price. Know yourself.
  • #2,102
  • Sep 12, 2007 5:21am Sep 12, 2007 5:21am
Quoting SeekingLight
Or when buying USD when the USDX looks like Enron's stock price in their final days ;p
The last time I took 2 X 1hr back to back pins on a decent hourly support (after a far, far larger fall than this), I made the biggest win I have made in seven years.

Anyway, it's only around 5% of the pot....worth a go...
  • #2,103
  • Sep 12, 2007 8:10am Sep 12, 2007 8:10am
Quoting the_wizard
The last time I took 2 X 1hr back to back pins on a decent hourly support (after a far, far larger fall than this), I made the biggest win I have made in seven years.

Anyway, it's only around 5% of the pot....worth a go...



5% on 18 pip setups against the trend!

Wizard! What are you DOING
Trust price. Know yourself.
  • #2,104
  • Sep 12, 2007 11:14am Sep 12, 2007 11:14am
I have order sell limit in usdcad at 1.0320
  • #2,105
  • Sep 12, 2007 11:54am Sep 12, 2007 11:54am
Quoting SeekingLight


5% on 18 pip setups against the trend!

Wizard! What are you DOING
Dude, I didn't run my account up that well being conservative

I normally do this kind of trade at 10% - I thought I was being cautious here LOL
  • #2,106
  • Sep 12, 2007 2:29pm Sep 12, 2007 2:29pm
Quoting bellefemme
I have order sell limit in usdcad at 1.0320
Bonjour bellefemme,

Do you mean a buy limit at 1.0320 or a sell stop at 1.0320? We are above at the moment, never got there...
Tu parles français?
  • #2,107
  • Edited 11:25am Sep 13, 2007 10:50am | Edited 11:25am
Usd/Cad
Finally,
-This market may start to build a base and curtail this 3 day free fall
----------------------------------------------------------------------

( See chart below )

------------------------------------------------------
- Double click on charts to enlarge.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CAD-9-13-2007-#1.gif Size: 24 KB
Click to Enlarge Name: CAD-9-13-2007-#2.gif Size: 20 KB
  • #2,108
  • Sep 13, 2007 12:23pm Sep 13, 2007 12:23pm
Quoting marketwavez
Finally,
-This market may start to build a base and curtail this 3 day free fall
mwaves,
You seem to always make the case for a bullish scenario. Do you ever short this pair?
  • #2,109
  • Edited 2:31pm Sep 13, 2007 2:16pm | Edited 2:31pm
Cad-Dollar is over-sold ..... Wouldn't you agree ?...
This a trend traders paradise right now

Marketwavez is not a trendtrader ....

-----------------------------------------------------
I have stated many times in here that
I'm using Elliott Waves which is a contrarian method of trading

Trading with Elliott Waves is not a trend following method ......
See the charts above : you can clearly see the Usd/Cad is oversold

Selling into the Usd/Cad right would be trend trading .....

- Basically ,I always want to buy into weakness !
-----------------------------------------------------------------
Therefore I'm looking to Buy Low and eventually Sell high !
 Again,
I'im thinking contrarian because this is what using Elliott Waves is all about !

-------------------------------------------------------------------------
Leave the trend trading to all the traders who like to back test
and all system traders of the world ............

--------------------------------------------------------------------------
  • #2,110
  • Sep 13, 2007 4:28pm Sep 13, 2007 4:28pm
LMFAO! The day most traders say short USD/CAD is the day it'll go up...

just look at how many traders are longing it and going totally opposite of market trends...it's sad and crazy!

http://fxtrade.oanda.com/resources/t...ositions.shtml
  • #2,111
  • Sep 13, 2007 5:22pm Sep 13, 2007 5:22pm
Quoting MoForce
LMFAO! The day most traders say short USD/CAD is the day it'll go up...

just look at how many traders are longing it and going totally opposite of market trends...it's sad and crazy!

http://fxtrade.oanda.com/resources/t...ositions.shtml


EURUSD is the most reassuring one. Can't get more bullish than everyone staring at completely useless indicators saying "overbought", ignoring what the definition of a trend is and what their eyes are seeing...


(strong EURUSD, weak USD, weak USD, weak USDCAD eventually...just a bit more stubborn)
Trust price. Know yourself.
  • #2,112
  • Sep 13, 2007 5:37pm Sep 13, 2007 5:37pm
Bobblong was calling for a further drop from earlier last week
- Now we have had a solid 3 day of rapid decline in price.

Oh! - How right he was ....

Too bad he decided not to post in here anymore .........
Why , I really don't know

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  • #2,113
  • Sep 14, 2007 11:14am Sep 14, 2007 11:14am
Is the Candian Dollar falling apart ? ..............
----------------------------------------------

What do you think ?
(See this chart )

-----------------------------------------------------
- Double click on charts to enlarge.
Attached Image (click to enlarge)
Click to Enlarge Name: CAD-9-14-2007-#1.gif Size: 26 KB
  • #2,114
  • Sep 14, 2007 11:19am Sep 14, 2007 11:19am
oil's recent gains could be bringing it down. We'll see what happens next week i suppose on turn around tuesday.
  • #2,115
  • Sep 14, 2007 12:00pm Sep 14, 2007 12:00pm
Quoting marketwavez
Is the Candian Dollar falling apart ? ..............
----------------------------------------------

What do you think ?
(See this chart )

-----------------------------------------------------
- Double click on charts to enlarge.
what do you think?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CAD-9-14-2007-%231.gif Size: 30 KB
Click to Enlarge Name: test.gif Size: 53 KB
  • #2,116
  • Sep 14, 2007 12:10pm Sep 14, 2007 12:10pm
Quoting pabloski
Cesar, I think this would be much more appropriate for you...

http://msnbcmedia4.msn.com/j/msnbc/C...g_6a.widec.jpg
Quoting cesarnc
OK, double or nothing...

I'll use this one if USDCAD does not print 1.0300 this year
Posts of May, 19th, 2007

Just for the records
  • #2,117
  • Sep 14, 2007 12:18pm Sep 14, 2007 12:18pm
Quoting marketwavez
Is the Candian Dollar falling apart ? ..............
----------------------------------------------

What do you think ?
(See this chart )

-----------------------------------------------------
- Double click on charts to enlarge.
another view
Attached Image (click to enlarge)
Click to Enlarge Name: ads.GIF Size: 13 KB
  • #2,118
  • Edited 2:14pm Sep 14, 2007 1:58pm | Edited 2:14pm
hi cokietemp

I think you mean " Neckline" where you drew the red arrow in your prior chart ?

If so then yes ,
a break of the neckline of Head and Shoulder Pattern
can at times lead to lower prices ...... No guarantees of course .....
Attached Image (click to enlarge)
Click to Enlarge Name: CAD-9-14-2007-#2.gif Size: 27 KB
  • #2,119
  • Sep 16, 2007 11:31am Sep 16, 2007 11:31am
well either way ucad is goin to 1!!!!!!!!!!!!!!
  • #2,120
  • Sep 17, 2007 5:22pm Sep 17, 2007 5:22pm
Quoting MoForce
well either way ucad is goin to 1!!!!!!!!!!!!!!
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Tomorow we get the rate cut
and really asee where this is going
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Anyone expecting a large swing in this one ?....................
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