Morning
Fire works yes and on the menu today is ajuicy prime 12600 area on the Usd/Cad
Fire works yes and on the menu today is ajuicy prime 12600 area on the Usd/Cad
No brainer fundamental trades 55 replies
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Selling USD and YEN is a no brainer. 12 replies
DislikedHi,
Here is a nice chart to look at a trade which offers lots of confluence at a round number. 11600 ish has lof s levels to break through before it could drop any. A strong diagonal + plenty of bottoms and although many of you don't use them a nice MA which tends to hug the tails of those bars.Ignored
DislikedOn a 4hr chart Siam's line coincides nicely with the trendline (I was actually watching 1.1635 or so as a bucket bounce in addition the trendline).
edit: Actually on a daily, too, as I didn't draw the line the same way he did.Ignored
DislikedYep, I see it now. A closer look puts the trend line more on point with 1.16.
Good call Siam and thanks for the clarification Orcus.
http://i24.photobucket.com/albums/c2...Forex/UC11.jpgIgnored
DislikedThanks SR. I have noticed that more often than not when a trade is going my way, all the others tend to, and when a trade is going against me the other trades also tend to follow. Not always but often.Ignored
DislikedLots of round numbers in play here. Sundays gap it yet to be filled but I like the look of a revisit to 14100-14050 for a long and maybe a future short from the around the 61.8 Fib and 14700.Ignored
DislikedHey RC - Would you mind sharing what the different color lines are on your charts? I'm guessing different colors are taken from different timeframes. As I'm starting to set up some charts, would ideally like to mimic your color selections which will help me correlate my charts/levels with yours (and make it easier for you to correct yours later..LOL)
Please advise.
Thanks.
NYJFanIgnored
DislikedHey RC - Would you mind sharing what the different color lines are on your charts? I'm guessing different colors are taken from different timeframes. As I'm starting to set up some charts, would ideally like to mimic your color selections which will help me correlate my charts/levels with yours (and make it easier for you to correct yours later..LOL)
Please advise.
Thanks.
NYJFanIgnored
DislikedI can see Oct 27 on the dailies, but when I zoom in on that area with a 4 hour timeframe, it pretty much just uses that as a midpoint of a trading range (several passes through the area) before moving on higher.Ignored