Sometimes your best investments are the ones you don't make.
- #402
- Edited 12:42pm Sep 7, 2011 11:40am | Edited 12:42pm
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
Upward
I still keep to my last week scenario.
I'd think of LONG if price hits 0.98200 or even deeper 0.97850
0.98200 is very strong support/resistance area and many things can happen there.
As far as now I still stay bearish
Just thinking why is your chart so different then mine??? Isn't strange?
Read Charts - Not Papers
- #403
- Sep 7, 2011 11:51am Sep 7, 2011 11:51am
- Joined Jun 2010 | Status: Trader | 3,896 Posts
Make your losses in demo. Earn your profits live.
- #404
- Sep 8, 2011 10:51am Sep 8, 2011 10:51am
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
Hi Guys...
I think now it's THE time for a small retracement and going long.
It has found support on 38,20% Fibonacci, S/R line on 0.98200 wasn't broken and some indicators are oversold.
I also found pretty divergance on 30 min chart.
I am LONG from 0.98350 but I wouldn't expect some fireworks and go above 0.98950 area...
Anyway some 50-70 pips to grab if trend sustains...
I think now it's THE time for a small retracement and going long.
It has found support on 38,20% Fibonacci, S/R line on 0.98200 wasn't broken and some indicators are oversold.
I also found pretty divergance on 30 min chart.
I am LONG from 0.98350 but I wouldn't expect some fireworks and go above 0.98950 area...
Anyway some 50-70 pips to grab if trend sustains...
Read Charts - Not Papers
- #405
- Sep 8, 2011 2:11pm Sep 8, 2011 2:11pm
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
Hi Guys...
I think now it's THE time for a small retracement and going long.
My target from previous post was hit, very quickly though...
There's much more room above for going long, but I take what I have now, hassle free.
Probably the price will hesitate at 0.9890 -0.9900.
Enough trading for today...
Read Charts - Not Papers
- #406
- Sep 8, 2011 8:44pm Sep 8, 2011 8:44pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #407
- Sep 9, 2011 10:23pm Sep 9, 2011 10:23pm
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
A chart helps those who can read it.
- #408
- Sep 10, 2011 1:21am Sep 10, 2011 1:21am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #409
- Sep 10, 2011 1:30am Sep 10, 2011 1:30am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Just an update. On the weekly chart, this looks like a Double bottom ready to rise and kill all the bears. On the Daily, same thing, but current PA shows that there might be a double top.
My sentiment is still bearish on this pair.
It's going to be bullish once it breaks through resistance
My sentiment is still bearish on this pair.
It's going to be bullish once it breaks through resistance
Have I got something on my face, SOLDIER?
- #412
- Sep 10, 2011 10:54am Sep 10, 2011 10:54am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Because of the major resistance, im quite bearish on the pair.
lets hope resistance holds.
Im tired of the USD rally.
lets hope resistance holds.
Im tired of the USD rally.
Have I got something on my face, SOLDIER?
- #413
- Sep 10, 2011 2:53pm Sep 10, 2011 2:53pm
Because of the major resistance, im quite bearish on the pair.
lets hope resistance holds.
Im tired of the USD rally.
- #414
- Edited 7:52pm Sep 10, 2011 7:31pm | Edited 7:52pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Biased view. Same view as clc4x up there. Daily says lets go up. Weekly says price resists... H1, not sure consolidation. Im long on daily then, and short on retracement i guess.
Im losing my focus on forex because of a girl. hell, i need to focus.
Im losing my focus on forex because of a girl. hell, i need to focus.
Have I got something on my face, SOLDIER?
- #415
- Sep 10, 2011 7:59pm Sep 10, 2011 7:59pm
Biased view. Same view as clc4x up there. Daily says lets go up. Weekly says price resists... H1, not sure consolidation. Im long on daily then, and short on retracement i guess.
Im losing my focus on forex because of a girl. hell, i need to focus.
That means my target price and your stop loss are more or less in the same area.... I haven't opened a position as I was watching other pairs last week, but if I do, it'll be long to around 1.000....
- #416
- Sep 11, 2011 7:00am Sep 11, 2011 7:00am
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
Short to 0.990 before long continues.
Thanks guys for nice charts… I agree with Unknownpips.
First time in last few weeks I am changing my long-term sentiment on USDCAD form bearish to bullish.
- On weekly chart ideal double bottom has been formed.
- When applying Fibonacci extension tool to the last upper leg it says price could reach as high as 1.02500 before loosing momentum.
- Also 1.0250 is previous strong support/resistance area
- Also it's 23.60% Fibonacci… Wow, couldn’t be better
- The same is on daily chart; all seems to be bullish, if only some bad news not spoil it.
Now I am focused on finding good entry point, which I think could be around 0,9900 -0,9950 zone.
Surely it could be some micky-mouse trading at parity zone, as always is.
If broken I am expecting a long green candle, as many bears have left their stop loss orders above 1.0000 which will trigger a chain reaction.
Certainly BULLISH scenario is denied if price falls and closes below 0,9900 on daily.
Ha ha, yeah, bears in Europe sleep whole damn winter… and I think their Canadian fellows want to do the same.
Here's a weekly chart
Read Charts - Not Papers
- #417
- Edited 5:49pm Sep 11, 2011 5:36pm | Edited 5:49pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #418
- Sep 11, 2011 10:37pm Sep 11, 2011 10:37pm
Biased view. Same view as clc4x up there. Daily says lets go up. Weekly says price resists... H1, not sure consolidation. Im long on daily then, and short on retracement i guess.
Im losing my focus on forex because of a girl. hell, i need to focus.
- #419
- Sep 12, 2011 12:11am Sep 12, 2011 12:11am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
She must be your lover.
yeah, and im happy know that its all good with her, and my trading got better as well. She's awesome.
so's forex.
both similar.. lol
Have I got something on my face, SOLDIER?
