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USD/CAD

  • #1,561
  • Dec 20, 2011 8:09pm Dec 20, 2011 8:09pm
Quoting Kas1
1-3 months, dont normally analyze long term charts but here is what i see...price is slowly tightening between the minor and major channels...of course a breakout could happen at any time but i would say a significant move is due around the end of january...the top of the major channel and the bottom of the minor channel are converging
dont look too good for the long term trader at that point in time.. looks nice. great kas, lets see what happens then remember ur post though!
Have I got something on my face, SOLDIER?
  • #1,562
  • Dec 21, 2011 2:00am Dec 21, 2011 2:00am
nice drop from 1.0380 , now what level next?
  • #1,563
  • Dec 21, 2011 2:40am Dec 21, 2011 2:40am
Pierced 38.2% fibo line ? next fibo at ~1.0162, but I would rather want it to go back up. See who wins :-)

Attached Image (click to enlarge)
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  • #1,564
  • Dec 21, 2011 4:50am Dec 21, 2011 4:50am
possible reversal on the cards now???
  • #1,565
  • Edited 5:11pm Dec 21, 2011 5:49am | Edited 5:11pm
Quoting shripsfx
possible reversal on the cards now???
Quoting sneaky_russian
Pierced 38.2% fibo line ? next fibo at ~1.0162, but I would rather want it to go back up. See who wins :-)
Quoting sunattack
nice drop from 1.0380 , now what level next?
Quoting Kas1
1-3 months, dont normally analyze long term charts but here is what i see...price is slowly tightening between the minor and major channels...of course a breakout could happen at any time but i would say a significant move is due around the end of january...the top of the major channel and the bottom of the minor channel are converging
Hello Fellow traders !

@ Kas1 is almost right ... and might be totally right

These moves is called the Bullish Bearish Pitches ... IF you are not careful ... @ scarroll ... might accidently take all your money

I mean to say ... it can go either way ... or ... both levels might be touched !

North = 1.0690 , South = 0.9720 ... good luck in the coming months !
  • #1,566
  • Dec 21, 2011 5:50am Dec 21, 2011 5:50am
Quoting shripsfx
possible reversal on the cards now???
Depends what the Euro does. If the Euro moves higher so does the Cad, if 1.32 is the Euro top, the Cad moves lower as well.
Yay! Pips for everyone!
  • #1,567
  • Edited 6:17am Dec 21, 2011 6:13am | Edited 6:17am
The CAD data and US data due release in 1-2hrs ... on overall both consensus are favouring USD but we also has to confirm them with our technicals to which directions it might goes . Probably also ... both directions (slaughtering) ... Remember to lock whatever you think might be rightly yours ... and minimize risk.
  • #1,568
  • Edited 8:27am Dec 21, 2011 6:52am | Edited 8:27am
3-Drive Pattern

Suppose to go all the way up ... but it can also mean ... going up the shafts and slide down again ... since this is in 5m tf (small tf).

IF it is found in higher tfs ex : 4h and above , it might take weeks / months moves ...

I'll show you such examples later ...
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  • #1,569
  • Edited 7:39am Dec 21, 2011 7:24am | Edited 7:39am
Here's an example of such 3-D Pattern (USD Index) ... but we have to go in as early as possible and most of all ... precision ... as to avoid using so much stop loss and a guarantee that our position will not be touched.

IF you go through this thread (charts) ... I have shorted U/C from 1.0657 after I saw that USD Index 3-D Pattern , but I have closed that position.
Attached Image (click to enlarge)
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  • #1,570
  • Dec 21, 2011 7:30am Dec 21, 2011 7:30am
Base on 5m tf ... Current U/C moves might touch 1.0318 / 1.0367 and after that ... another story might come ... IF it doesn't continue up.

However ... this month is a slaughtering time ... so ... be smart
  • #1,571
  • Dec 21, 2011 7:37am Dec 21, 2011 7:37am
Great Canadian economic news, no reaction because the Euro is tanking. lol The Euro/USD trade dictates all other currency pair trades.
Yay! Pips for everyone!
  • #1,572
  • Edited 8:05am Dec 21, 2011 7:59am | Edited 8:05am
PA will always re-visting the center of the diagonal as long as it is within ... atm.

Ain't difficult to trade U/C isn't it ?
Attached Image(s) (click to enlarge)
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  • #1,573
  • Dec 21, 2011 8:02am Dec 21, 2011 8:02am
Hey Venn, probably a very stupid question to an obvious answer, but what is ATM stand for?

Thanks
Yay! Pips for everyone!
  • #1,574
  • Dec 21, 2011 8:10am Dec 21, 2011 8:10am
Quoting Pipsforall
Hey Venn, probably a very stupid question to an obvious answer, but what is ATM stand for?

Thanks
yeah ... ur probably sometime stooopid (kidding here )

It is either ... Automatic Teller Machine ... or ...

AT THE MOMENT (ATM).
  • #1,575
  • Edited 8:23am Dec 21, 2011 8:22am | Edited 8:23am
USD/CAD Indexes smacking (slaughtering in U/C) each other ... later ... either they split away or push thru to gain the other side of the world

attached : USD/CAD Indexes 30m & U/C 5m.
Attached Image(s) (click to enlarge)
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  • #1,576
  • Dec 21, 2011 8:27am Dec 21, 2011 8:27am
Quoting VennD
yeah ... ur probably sometime stooopid (kidding here )

It is either ... Automatic Teller Machine ... or ...

AT THE MOMENT (ATM).
Haha, Automatic Teller Machine came to mind, but I was sure that wasn't what you meant. Thanks
Yay! Pips for everyone!
  • #1,577
  • Edited 8:52am Dec 21, 2011 8:45am | Edited 8:52am
Gold 15m & 4h . Smack it down !
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  • #1,578
  • Edited 9:27am Dec 21, 2011 9:11am | Edited 9:27am
GU 1h , EU 1h & AU 1h.

Nah ! U can scalp them now IF u want it ... they should be calm by now ...
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  • #1,579
  • Dec 21, 2011 9:46am Dec 21, 2011 9:46am
short on loonie
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Have I got something on my face, SOLDIER?
  • #1,580
  • Dec 21, 2011 11:23am Dec 21, 2011 11:23am
Venn,

You didn't get any of my money! I managed to BE and secured 60 pips by scalping this morning.

Short @ 1.02813 now. Could go either way judging by the market around this time although USD/CAD is consolidating now. Once I close this trade I'm done for Christmas.
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