my trade

look at the chart from 1st june she exhibit the same 4 legs pattern and ..... fall

http://img30.imagefra.me/img/img30/2...2m_f3f459e.png

@ 2 consecutive lower low (sqare purple) sign of weakness.
@1.0800 round number support(green lines), if price stay above it hold my long position and may add more, fall below it i'lll be prepare to bail out or rescue whenever bull reversal sign comes up on daily chart.

add more long

http://img06.imagefra.me/img/img06/2...3m_e8e1e38.png

detect the chart formation and anticipate the development .... place my bet Ding.... Ding...the small leg could grow bigger

add long 1.0818 x2

average now 1.0871 x 4

ouch she make the fifth leg on 15 minute chart

she travel 373 pips this week from high of 1.1167 and low of 1.0794

news:

The Canadian dollar, on the other hand, rose to a 7 week high as the central bank said the recession is nearing an end brought on by higher commodity prices and consumer confidence. The central bank kept rates at the record low of .25% a couple of days ago and reiterated they will stay there for a while unless inflation becomes a problem. Since Chuck is across the border in Canada right now, it's a perfect time to get our daily dose:

"I was reading the local paper the other day, and the business section had a big story on the Bank of Canada's (BOC) Gov. Carney and how he vows he will intervene to keep the loonie from going higher... In the last two days since that story appeared, the loonie has done nothing but gain vs. the green/peachback... 91-cents it traded through yesterday! I can't help but think that traders are beginning to believe that Central Bankers are imitating the boy who cried wolf... We had the Brazilian Central Bank, the Swiss National Bank, and now the BOC... They all are giving verbal warnings about traders taking their currencies higher...

Source:the daily pfennig news letter

" W " pattern appear

http://img26.imagefra.me/img/img26/2...7m_3bcdede.png

1.0818 out 7 pips x 2 = 14

add 1.0845 x 1

average now 1.0897

Good job on this pair ben10. looks like she's headed up a bit today but doesn't mean it won't go lower yet again.

add long 1.0816 x 1
average position long 1.0877 x 4

add long 1.0821 x 1

average 1.0866 x 5

aussie falling fast now below 0.8200

1.0816 and 1.0821 out

i think there's some momentum building for a push back up. My guess is it'll test the 1.0865 level awhile before pushing through.

add 1.0818 x 1

what a nite huh break even

break even is a win, my friend. keep on truckin.

the end result of usd/cad

http://img30.imagefra.me/img/img30/2...2m_cbb07c4.png

now im long @1.0853 x 1 i also want to short usd/jpy at better price so i can see what cad/jpy look like