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The Jack.Canadia of 2010

  • #21
  • Jan 25, 2010 2:22pm Jan 25, 2010 2:22pm
Quoting jack.canadia
USD/CAD still in play. Partial taken and stop at BE.

GBP/USD trade plan in the works. Plan is negated if there is a close above the 50% fib.
Very good analysis. Well done. Keep it up.
Probability Professor
  • #22
  • Jan 25, 2010 7:27pm Jan 25, 2010 7:27pm
Quoting jack.canadia
USD/CAD still in play. Partial taken and stop at BE.

GBP/USD trade plan in the works. Plan is negated if there is a close above the 50% fib.
USD/CAD profit taken.

GBP/USD SHORT was taken early at 1.6251 based only on the zone is was in (see previous chart). Original plan is negated and this position lives.
  • #23
  • Jan 25, 2010 7:32pm Jan 25, 2010 7:32pm
USDX is flirting with a bullish break of a flag pattern for now.

Would still like to take that long USD/CAD trade.
Attached Image (click to enlarge)
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  • #24
  • Jan 25, 2010 8:14pm Jan 25, 2010 8:14pm
Quoting jack.canadia
USD/CAD profit taken.

GBP/USD SHORT was taken early at 1.6251 based only on the zone is was in (see previous chart). Original plan is negated and this position lives.
Profit taken. No trades on the table. Exam tomorrow

9.24% increase this week so far.
  • #25
  • Jan 26, 2010 3:12am Jan 26, 2010 3:12am
Quoting jack.canadia
USD/CAD profit taken.

GBP/USD SHORT was taken early at 1.6251 based only on the zone is was in (see previous chart). Original plan is negated and this position lives.
Another GBP/USD trade that should have been held! lol
  • #26
  • Jan 26, 2010 1:38pm Jan 26, 2010 1:38pm
Quoting jack.canadia
Based on my experience with this pair, I always tell myself that "USD/CAD loves 61.8% retracements after a shift in trend"

This plan is valid only if the TL is not broken first.
Currently the trendline has been broken. I will base a break according to the daily chart (shown) as of 00:00 GMT close. A close above negates my original plan. Otherwise, expect a trade plan after the 00:00 GMT close.
Attached Image (click to enlarge)
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  • #27
  • Edited 2:44pm Jan 27, 2010 10:49am | Edited 2:44pm
Quoting jack.canadia
Currently the trendline has been broken. I will base a break according to the daily chart (shown) as of 00:00 GMT close. A close above negates my original plan. Otherwise, expect a trade plan after the 00:00 GMT close.
USD/CAD update .. still flirting above the daily trendline. Need a strong daily close above it to be convinced of more upside.

Am currently SHORT usd/cad 1.0670, SL = 25 pips. It's somewhat of a 4hr triple top with 2 waves of bearish divergence in MACD. Testing the water for now.
Attached Image (click to enlarge)
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  • #28
  • Jan 28, 2010 8:28am Jan 28, 2010 8:28am
Quoting jack.canadia
USD/CAD update .. still flirting above the daily trendline. Need a strong daily close above it to be convinced of more upside.

Am currently SHORT usd/cad 1.0670, SL = 25 pips. It's somewhat of a 4hr triple top with 2 waves of bearish divergence in MACD. Testing the water for now.
Position was taken partial at +22 and the rest at +65.

I am currently sidelined in this pair. I have a cluster of buy orders around 1.04 and they remain in play until there is a strong close above the trendline on the daily.
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  • #29
  • Jan 28, 2010 5:59pm Jan 28, 2010 5:59pm
Quoting jack.canadia
Position was taken partial at +22 and the rest at +65.

I am currently sidelined in this pair. I have a cluster of buy orders around 1.04 and they remain in play until there is a strong close above the trendline on the daily.
The daily now has 3 small closes above the trendline. I took a look at the weekly and since 3 days of closing above the line haven't prompted a larger move up, I favor the weekly close above the line for confirmation of a break. 4H is diverging on a new high as well. Flat position for now.

My earlier plan is still valid to buy.

I've identified an old gap that it is currently finding resistance at.
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  • #30
  • Jan 29, 2010 7:19am Jan 29, 2010 7:19am
Had a really good start to the new year. My biggest loser this month was 50 pips but nets gains far surpass that loss.

USD/CAD is still flirting about the TL and hopefully a buying opportunity present as per my plan if the TL is not broken.

Back next week.
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  • #31
  • Feb 1, 2010 1:49pm Feb 1, 2010 1:49pm
Currently flat. Had a close above the trendline, seems to be pulling back now. How far is the question.

Updates later.
  • #32
  • Feb 8, 2010 6:19am Feb 8, 2010 6:19am
Still above the trendline and has met the 200-sma in the past couple of days. There is also a higher high present, so a pulback to the trendline, or deeper, is favored to get long.
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  • #33
  • Feb 9, 2010 9:29am Feb 9, 2010 9:29am
Had a good past 24hrs.

See charts.

+85 pips in EUR/USD
+85 pips in USD/CAD

Also have a EUR/USD short trade plan here as well.

CORRECTION .. My short for EUR/USD is set at 3850, not 3840.
Attached Image(s) (click to enlarge)
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  • #34
  • Feb 9, 2010 10:39am Feb 9, 2010 10:39am
Quoting jack.canadia
Had a good past 24hrs.

See charts.

+85 pips in EUR/USD
+85 pips in USD/CAD

Also have a EUR/USD short trade plan here as well.

CORRECTION .. My short for EUR/USD is set at 3850, not 3840.
Plan cancelled after the large move down with no fill.
  • #35
  • Feb 12, 2010 10:27am Feb 12, 2010 10:27am
Quoting jack.canadia
Had a good past 24hrs.

See charts.

+85 pips in EUR/USD
+85 pips in USD/CAD

Also have a EUR/USD short trade plan here as well.

CORRECTION .. My short for EUR/USD is set at 3850, not 3840.
Plan is to buy as per the USD/CAD chart posted in the above post.
  • #36
  • Feb 16, 2010 7:53am Feb 16, 2010 7:53am
USD/CAD long.
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  • #37
  • Feb 18, 2010 8:37am Feb 18, 2010 8:37am
Quoting jack.canadia
USD/CAD long.
Partial was taken at +65 and the rest stopped at BE.
  • #38
  • Edited 2:36pm Feb 18, 2010 1:38pm | Edited 2:36pm
Quoting jack.canadia
Partial was taken at +65 and the rest stopped at BE.
Re-load was successful at 1.0404 after price touched the lower limit of the zone mentioned above at 1.0395 (lower black line). Note that my original long was closed manually for partial profit and the rest hit BE.

I plan to post a PDF later on this week/weekend describing how I come up with this zone and why I take trades when price enters them rather than waiting for confirmation of the turn.
Attached Image (click to enlarge)
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  • #39
  • Feb 18, 2010 4:21pm Feb 18, 2010 4:21pm
Although I like USD/CAD, my old friend GBP/USD is coming near a level that has been mentioned many-a-time-ago in the GBP thread. The 5350 area.

My zone for this takes into account the May 12, 2009 high (5360) and the 38.2% retracement level (5280). I hate such wide zones but I will look for hopefully a test somewhere in the middle of the zone as close to the 50% as possible before firing off an order.
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  • #40
  • Feb 18, 2010 4:27pm Feb 18, 2010 4:27pm
USD Index
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