so move up or down
New voice message: Why are you calling me? If I need you, I'll call you!
EurCad Analysis and Trading Ideas
- #561
- May 23, 2012 2:34pm May 23, 2012 2:34pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
- #563
- May 23, 2012 7:06pm May 23, 2012 7:06pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
Trying short UCAD @ 1.0228, target 1.0070
And I'm short UCAD
Target? Lolz Parity of course
And why laughing
Because PARITY = always my target
And I always get it
Getting rich in Forex = very easy
I'll give you the rules:
OKAY<
ready?
1. Go from anywhere trade UCAD
2. Target = Parity
3. Maximum leverage 1>>5
4. Set your trades
5. Wait till it hits target.
I don't think I can make it any easier than this.
As of this moment I have 5 entries UCAD, all shorts (that's better anyway because of the whether, it's heating up here) going for parity.
And we have 192 pips to go
Sorry about that, 191
+ 2 24 ounce cans of beer!
Oh shit, and half a pint of Vodka
I don't mean to be too harsh, but anyone that has vouched for you should be embarrassed...and anyone that follows your calls...will regret it!
As long as 1.0245 is not breached, I will stay short.
So with your...
3. Maximum leverage 1>>5
- #568
- Edited 10:09am May 24, 2012 8:48am | Edited 10:09am
- | Joined Jan 2009 | Status: Snr. Director | 1,158 Posts
Si vis pacem, para bellum.
- #569
- May 24, 2012 9:49am May 24, 2012 9:49am
- Joined Mar 2012 | Status: Gold anyone | 6,524 Posts
finally eurcad moving upward and passing 23% fib and 38% next...strong resistance at 1.2926 area.....passing that will bring us to 1.2940
let's see
let's see
Wooooohooooo or Boooooohooooo
- #570
- Edited 11:45pm May 25, 2012 11:38pm | Edited 11:45pm
Pivots analysis (support and resistance)
As the gnomoneey said that there is a good chance for this pair to go to 1.294 level, I agree with that. But that is not all. 1.2926 level it's not such a big support, maybe it is only on an intra-day base analysis.
I think the big resistances are only on the upside area. I mean, the pair shifted its bias once again, as you can see in the image bellow. The price turned back from gray area where was located the neutral bias. Decreased amount of lot sizes should have been traded on that area. No doubt of that. Because the price could been gone even to 50.0 Fibonacci level of the whole downward move (1.34787-1.27825).
I also draw supports/resistances (pivots) with triangles - gold ones for supports and purple ones for resistances to see one of the two major pivots (colored in red) on 1.2932.
The pair is still remaining vulnerable to downward movements, as long as the price maintains itself under the 1.2932.
If the price is breaking once again the major pivot, sideways trading or deeper corrections to the 23.6 or even higher, to 38.2 Fibonacci retrace levels are expected.
I've attached the template of the chart, enjoy it!
As the gnomoneey said that there is a good chance for this pair to go to 1.294 level, I agree with that. But that is not all. 1.2926 level it's not such a big support, maybe it is only on an intra-day base analysis.
I think the big resistances are only on the upside area. I mean, the pair shifted its bias once again, as you can see in the image bellow. The price turned back from gray area where was located the neutral bias. Decreased amount of lot sizes should have been traded on that area. No doubt of that. Because the price could been gone even to 50.0 Fibonacci level of the whole downward move (1.34787-1.27825).
I also draw supports/resistances (pivots) with triangles - gold ones for supports and purple ones for resistances to see one of the two major pivots (colored in red) on 1.2932.
The pair is still remaining vulnerable to downward movements, as long as the price maintains itself under the 1.2932.
If the price is breaking once again the major pivot, sideways trading or deeper corrections to the 23.6 or even higher, to 38.2 Fibonacci retrace levels are expected.
I've attached the template of the chart, enjoy it!
- #579
- May 30, 2012 5:55am May 30, 2012 5:55am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #580
- May 30, 2012 5:56am May 30, 2012 5:56am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!