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EurAnalysis

  • #13,561
  • Dec 6, 2011 8:30am Dec 6, 2011 8:30am
Is anyone trading the EUR/CAD? I have a short on at the moment at 3808. It really took off this morning
Any prices quoted are futures
  • #13,562
  • Dec 6, 2011 8:32am Dec 6, 2011 8:32am
Quoting AaronWard
smoke is what I usually see rising from the ashes... never seen a child before
They've been blowing smoke up everyones azzez for so long, the fire will reflash or finally quit smouldering
I don't care which way the market is going as long as it's going my way
  • #13,563
  • Dec 6, 2011 8:34am Dec 6, 2011 8:34am
Quoting redteamgo
Is anyone trading the EUR/CAD? I have a short on at the moment at 3808. It really took off this morning
Yes, I'm short @ 1.3673...... +120 pips right now.
I don't care which way the market is going as long as it's going my way
  • #13,564
  • Dec 6, 2011 8:39am Dec 6, 2011 8:39am
Quoting PipKiller
Yes, I'm short @ 1.3673...... +120 pips right now.
Go Canada
Kill the ego, or it will kill the mission.
  • #13,565
  • Dec 6, 2011 8:40am Dec 6, 2011 8:40am
Quoting PipKiller
Yes, I'm short @ 1.3673...... +120 pips right now.
just took my attention..my god! what it is!!!!?
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  • #13,566
  • Dec 6, 2011 8:40am Dec 6, 2011 8:40am
Quoting PipKiller
Yes, I'm short @ 1.3673...... +120 pips right now.
What a great ride this trade has been. The CAD has been so resilient to the EUR upticks and has proved to be a great move. Depending on future performance, obviously, I will probably ride this out over the next 3-4 month adding to my position on well placed upticks.
Any prices quoted are futures
  • #13,567
  • Dec 6, 2011 8:46am Dec 6, 2011 8:46am
Quoting rekon67
just took my attention..my god! what it is!!!!?
I dont know specifically what is going on right now but I'm not complaining. i dont see anything relevant in my news feed. however, EUR/CAD is a cross that doesnt get much coverage.
Any prices quoted are futures
  • #13,568
  • Dec 6, 2011 8:52am Dec 6, 2011 8:52am
Quoting redteamgo
I dont know specifically what is going on right now but I'm not complaining. i dont see anything relevant in my news feed. however, EUR/CAD is a cross that doesnt get much coverage.

You can either just play chart patterns or you can spend time understanding USD/CAD and EUR/USD. EUR/CAD is not a "real" pair. Its movements can best be understood as the product of these two crosses.
Kill the ego, or it will kill the mission.
  • #13,569
  • Dec 6, 2011 8:57am Dec 6, 2011 8:57am
every time it reaches there got fueled up!!! Need a Hack-Saw now...:{
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  • #13,570
  • Dec 6, 2011 8:58am Dec 6, 2011 8:58am
Quoting AaronWard
You can either just play chart patterns or you can spend time understanding USD/CAD and EUR/USD. EUR/CAD is not a "real" pair. Its movements can best be understood as the product of these two crosses.
Touche. I am new at this -- i entered the trade on the pretext of the fundamentals that underlie how I felt about the EUR/USD
Any prices quoted are futures
  • #13,571
  • Dec 6, 2011 8:59am Dec 6, 2011 8:59am
Quoting redteamgo
What a great ride this trade has been. The CAD has been so resilient to the EUR upticks and has proved to be a great move. Depending on future performance, obviously, I will probably ride this out over the next 3-4 month adding to my position on well placed upticks.
I was short this pair last week and did well too. I'm cutting this trade loose for now +120 . Coming into demand zone and too close to the swing low.
I don't care which way the market is going as long as it's going my way
  • #13,572
  • Dec 6, 2011 9:32am Dec 6, 2011 9:32am
Hey I'm back.

What an interesting morning.. S&P has now put the EFSF on credit watch negative. Not really surprised. I mean how can the EFSF not be on credit watch negative when all the countries who are guaranteeing it are as well?

So I don't see this as market negative as it was obviously already assumed and baked in to the price.

Ever since NY opened floor trading, the Euro has been struggling to break higher but still it remains in a compressing triangle pattern. This means it is basically directionless. Either it breaks above 1.3550 or below 1.3260. Before that happens, we are ranging, even if it breaks out of the triangle. Mark those S/R levels and we may be range trading them till Thursday, unless we get a nuclear warhead dropped on the Euro before then.

Trade safe...

Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #13,573
  • Dec 6, 2011 9:35am Dec 6, 2011 9:35am
Quoting PipKiller
I was short this pair last week and did well too. I'm cutting this trade loose for now +120 . Coming into demand zone and too close to the swing low.
CAD is strong because the BOC decided to leave the rate unchanged and got a higher than expected Ivey PMI number --> http://www.forexfactory.com/calendar...=2011-12-6&c=2
Those who say it cannot be done should not interrupt those who are doing it
  • #13,574
  • Dec 6, 2011 10:20am Dec 6, 2011 10:20am
After Merkel and Sarkozy meetings day after day, i see a lot of news about them tryin to save the continent by themselves (like they will resolve something).
Well, i see Geithner after a while, coming to Europe after all this struggle of the Merkozy, being self involved in meeting, and talked this incredible and intelligent words: "You have to resist!" This is bright from him. I wouldn't expect that from him. Brilliant.
  • #13,575
  • Dec 6, 2011 10:25am Dec 6, 2011 10:25am
Lot of Morning stars are blinking ... I wish to see 1.32xx
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  • #13,576
  • Dec 6, 2011 10:26am Dec 6, 2011 10:26am
Btw, this is my 1h chart, and keeping my second swing since i'm trading.
2 targets: .329 and .325
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  • #13,577
  • Dec 6, 2011 10:30am Dec 6, 2011 10:30am
Hello everyone,

As we look at the H4 chart we see the wedge clearly broken and a new uptrend line has formed and is right now being tested. The RSI and Trix have both consolidated and are getting ready to turn up again. It looks like the move up should be starting again in the next day or two. Next target is 1.3630 at the 200SMA (Blue line).
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd h4.jpg Size: 108 KB
Observation is the path to discovery.
  • #13,578
  • Dec 6, 2011 10:31am Dec 6, 2011 10:31am
Quoting catalicu
Btw, this is my 1h chart, and keeping my second swing since i'm trading.
2 targets: .329 and .325
..looks interesting and love to explore more ..possible for u to share the indies and template used
  • #13,579
  • Dec 6, 2011 10:37am Dec 6, 2011 10:37am
That chart ?! You have to be kidding me. What are all those lines doing there ?

Quoting catalicu
Btw, this is my 1h chart, and keeping my second swing since i'm trading.
2 targets: .329 and .325
Inflation in things we need, Deflation in things we want.
  • #13,580
  • Dec 6, 2011 10:38am Dec 6, 2011 10:38am
Right now is important the 200 Sma which is support and 100 Sma (both with level 100), Bollinger Bands, and ZigZag(the single one i really enjoy).
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