Wacky USD/CAD ...

Last couple of days amongst this mess I've seen a lot of double tops. Seems it makes the first top, retraces, meets it's old top again, retraces, rises about 50% of the high and then continues on...

Seems like the best time to get in is to short at the 2nd top. Any thoughts?


http://i28.tinypic.com/14vh30o.gif

This timeframe requires expertise.. Here's my advice, instead of looking for mundane things like "double top" or "whatever" .. think of terms of reaction points, places where an abundance of orders are likely to be placed by algorithm traders and other savvy's... e.g pivot points (ny/london).. 50%, 0%,100% levels of previous day and week.. Now figure out the probability of a reaction at these levels and let me know of what conclusions you come up with and how a game plan can be formulated around it >

i dont think a good idea trade usd/cad ( commodities) in a short TF...just my opinion... it drop so much last semester and some economists look it to 1,10 in a several weeks... so..lets to accompany...


Best Regards,
Marcelo Marques