Never say never.
- #6,242
- Sep 21, 2007 8:02am Sep 21, 2007 8:02am
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
And eur/cad daily could easily become a PB today too.... well, I am not falling for it this time... not so easily...
If things dont change too much today SL & Tiki migh get another daily pin on the cad to play with..
- #6,243
- Sep 21, 2007 8:03am Sep 21, 2007 8:03am
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #6,244
- Sep 21, 2007 8:22am Sep 21, 2007 8:22am
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #6,245
- Sep 21, 2007 8:27am Sep 21, 2007 8:27am
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #6,246
- Sep 21, 2007 8:37am Sep 21, 2007 8:37am
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
Never say never.
- #6,247
- Sep 21, 2007 8:44am Sep 21, 2007 8:44am
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #6,248
- Sep 21, 2007 8:58am Sep 21, 2007 8:58am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
I'm not touching anything CAD !!!! Not a chance !!!
Once the breaking point in most traders trying to go long is reached the market moves out. Actually probably a pretty good indicator - no offense.
I know EXACTLY how you feel Tiki, no lie and no doubt about it.
And yes, a very fundamental truth, mini accounts are to rob new people of their money, plain and simple. 200-500$ on mini, that's 50+% risk on a daily bar for crying out loud!
Large scale scam.
Yes, Oanda is great for their sizing and you just have to absolutely love the 1.2 - 1.5 spread on EURUSD.
You know, those EURCAD charts just make me think "looooooooooots of upside potential right there"...
And some of those HNS patterns are actually the ones that abort just around the neckline and then move higher (wave 2 ends most likely before a bigger move up starts, haven't figured it out 100% just yet...)
We already had charts in that regard, I think Wiz posted a nice example and on your big chart there's one, too.
I think the USD is going to take back some breathing space eventually, but even if not - EURCAD, GBPCAD and so forth make me believe there's a chance for USDCAD rising or at least staying solid no matter what...
Maybe I won't have made a giant butt out of myself after all talking about a potential low coming in USDCAD all week now?
We'll see...I just think there's GOT to be some "reality check / sanity point"...but heck, I've no idea about the FA side...so let's stick to them charts =)
Weekly and daily close will be interesting....and monthly...and...charts are just super ;p
Trust price. Know yourself.
- #6,249
- Sep 21, 2007 9:23am Sep 21, 2007 9:23am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Makes me even more bullish on that pair than I am already ;p
Maybe I won't have made a giant butt out of myself after all talking about a potential low coming in USDCAD all week now?
No such luck...more salt for my words please.....*eating them, eating them*
Charts kickin' back ;p
I guess the States will indeed just be sold to Canada... ;p
I'ma go back to ruining my credibility now, bbl ;p
More sympathy to the wife, she shorts EURUSD, I talk up USDCAD lol
*Must obey the chart...obey the chart...*
Trust price. Know yourself.
- #6,250
- Sep 21, 2007 9:46am Sep 21, 2007 9:46am
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
And why can't I figure out how to obey the charts ??? Why is this so hard ??? Which class did I miss ???
If CAD gets to zero, will it just cease to exist and put us all out of our misery ??
If CAD gets to zero, will it just cease to exist and put us all out of our misery ??
No such luck...more salt for my words please.....*eating them, eating them*
Charts kickin' back ;p
I guess the States will indeed just be sold to Canada... ;p
I'ma go back to ruining my credibility now, bbl ;p
More sympathy to the wife, she shorts EURUSD, I talk up USDCAD lol
*Must obey the chart...obey the chart...*
- #6,251
- Sep 21, 2007 11:48am Sep 21, 2007 11:48am
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #6,253
- Sep 21, 2007 12:01pm Sep 21, 2007 12:01pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #6,255
- Sep 21, 2007 12:03pm Sep 21, 2007 12:03pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #6,257
- Sep 21, 2007 4:24pm Sep 21, 2007 4:24pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
As Mike already said, it's not the best setup if you take previous day's low into consideration, but it's a PB regardless...
- #6,259
- Sep 21, 2007 5:42pm Sep 21, 2007 5:42pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #6,260
- Sep 21, 2007 5:56pm Sep 21, 2007 5:56pm
Unfortunately, I don't think either of them are the greatest, and I doubt if they even register as worth looking at with mbqb... and I am learning fast to be much more careful... CAD is going to fake us all out and make even lower lows... on both pairs for that matter... oil going up up up... and USD not getting any stronger...
Starting next week, I have new personal rules for trading PBs...
1 I will trade PBs only by the basic rules 10 pips after the break of the PB.
2 I will open two or three positions each time and the first position will carry the bulk of the trade size and be closed after 20-40 in profit... after that, more can run free trade... but much smaller trade size...
3 No 4 hr PBs only daily and above...
4 Unless there is some other confirming reasons... I will only trade PBs with the trend
thats it back to basics. Wait longer for the A trades, they will come. I have found it hard in the past to wait but recently i have gained valuable knowledge from fiji.
Also some of the older posts from Jim. like theres no reason to go through hell to learn this stuff.... Theres plenty of time & plenty of pips, theyre noy going anywhere.
While writing this I'm also restating it to myself.
Have a good weekend.
