confirmation for fall
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- #1,133
- Jun 9, 2008 2:49pm Jun 9, 2008 2:49pm
- Joined May 2008 | Status: dynamic | 2,412 Posts
Hi All,
those are the most interesting to me today:
CAD/YEN was in a smooth uptrend on daily, then broke the 21 sma, pulling the stoch down, which was nearly all time overbought since April.
Today we got first a piercing line changing to an engulfing. Tomorrow we could see confirmation for bulls taking control again?
USD/CAD was since 30.5 in control by bulls camp
lately though, we see some selloffs, then a spinning top (05.6)? and then larger bodies again. But Stoch is now in overbought area, and the price moves slowly closer to resistance @ 1.0325 (high on 01.4) but with less power.
those are the most interesting to me today:
CAD/YEN was in a smooth uptrend on daily, then broke the 21 sma, pulling the stoch down, which was nearly all time overbought since April.
Today we got first a piercing line changing to an engulfing. Tomorrow we could see confirmation for bulls taking control again?
USD/CAD was since 30.5 in control by bulls camp
lately though, we see some selloffs, then a spinning top (05.6)? and then larger bodies again. But Stoch is now in overbought area, and the price moves slowly closer to resistance @ 1.0325 (high on 01.4) but with less power.
Invincibility lies in the defence, the possibility of victory in the attack
- #1,134
- Jun 9, 2008 4:36pm Jun 9, 2008 4:36pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Hi All,
those are the most interesting to me today:
CAD/YEN was in a smooth uptrend on daily, then broke the 21 sma, pulling the stoch down, which was nearly all time overbought since April.
Today we got first a piercing line changing to an engulfing. Tomorrow we could see confirmation for bulls taking control again?
USD/CAD was since 30.5 in control by bulls camp
USD/CAD => one of those trades i´m happy with, because i waited for confirmation for fall. This did not happened, so i safed my money :-)
I will wait after news tomorrow, after confirmation, sell...or wait again.
also have a look to Eur/cad, maybe...
AUDNZD seems nice for a 50 % daily retrace tonight/asia.
- #1,138
- Jun 10, 2008 3:30am Jun 10, 2008 3:30am
- Joined May 2008 | Status: dynamic | 2,412 Posts
Hi Peaches,
I,m happy for u
they say: a trade which was not taken and saved u money is as good as a winning trade
i looked at AUD/NZD and yes there was indecision yesterday, stoch also overbought, but on both AUD/USD and NZD/USD bears are in charge, so wouldnt it be better to play one of those or both instead of AUD against NZD?
I,m happy for u
they say: a trade which was not taken and saved u money is as good as a winning trade i looked at AUD/NZD and yes there was indecision yesterday, stoch also overbought, but on both AUD/USD and NZD/USD bears are in charge, so wouldnt it be better to play one of those or both instead of AUD against NZD?
hi silver,
USD/CAD => one of those trades i´m happy with, because i waited for confirmation for fall. This did not happened, so i safed my money :-)
I will wait after news tomorrow, after confirmation, sell...or wait again.
also have a look to Eur/cad, maybe...
AUDNZD seems nice for a 50 % daily retrace tonight/asia.
Invincibility lies in the defence, the possibility of victory in the attack
- #1,139
- Jun 10, 2008 6:55am Jun 10, 2008 6:55am
- Joined Nov 2007 | Status: beginner | 7,828 Posts
Hi Peaches,
I,m happy for u
i looked at AUD/NZD and yes there was indecision yesterday, stoch also overbought, but on both AUD/USD and NZD/USD bears are in charge, so wouldnt it be better to play one of those or both instead of AUD against NZD?
