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  • #3,661
  • May 22, 2013 1:28pm May 22, 2013 1:28pm
Quoting zz_zhang
{quote} Similar entries , all the best bro ������
We could have a retracement from here.
  • #3,662
  • May 22, 2013 1:29pm May 22, 2013 1:29pm
I am expecting a market adjustment soon.
Please read this


"Many on FOMC Said More Progress Needed Before Slowing QE Pace" Nothing has changed Feds did not say they will stop QE only when numbers look rosy.
Reality is numbers are not rosy enough.
What goes up comes down.Stay tight like Jesse Livermore liked to say.
I am just seeing NY taking profit out of the situation.It remains to be seen how rest of the week unfolds.
In trading, you have to be defensive and aggressive at the same time
  • #3,663
  • May 22, 2013 1:39pm May 22, 2013 1:39pm
Long day up, it can be the end of buying, ???
or not, tricky
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #3,664
  • May 22, 2013 1:42pm May 22, 2013 1:42pm
Quoting Zircon
Long day up, it can be the end of buying, ??? or not, tricky

I trade with weekly monthly in mind so I am relaxed.Come June we could see massive selling of Greenbacks.As long as you don't over trade you can collect positive swap and wait.Nothing stays up too long.
In trading, you have to be defensive and aggressive at the same time
  • #3,665
  • May 22, 2013 1:46pm May 22, 2013 1:46pm
Quoting Zircon
Long day up, it can be the end of buying, ??? or not, tricky
Watch weekly TF, we broke a big level. I wouldn't go for heavy short. USDX is still up
Attached Image (click to enlarge)
Click to Enlarge Name: i.usdxweekly.png Size: 80 KB
  • #3,666
  • May 22, 2013 1:47pm May 22, 2013 1:47pm
Quoting Davit
{quote} I trade with weekly monthly in mind so I am relaxed.Come June we could see massive selling of Greenbacks.As long as you don't over trade you can collect positive swap and wait.Nothing stays up too long.
GL mate.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #3,667
  • May 22, 2013 1:55pm May 22, 2013 1:55pm
Quoting mertch
{quote}Watch weekly TF, we broke a big level. I wouldn't go for heavy short. US is still up {image}

Agree,
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #3,668
  • May 22, 2013 1:57pm May 22, 2013 1:57pm
Nice bull flag imo
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadweekly.png Size: 33 KB
  • #3,669
  • May 22, 2013 2:02pm May 22, 2013 2:02pm
Quoting mertch
Nice bull flag imo{image}
Very nice entry point
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #3,670
  • May 22, 2013 4:15pm May 22, 2013 4:15pm

Quoting mertch
Nice bull flag imo{image}


Closing half of my position for 160 pips. Big or small potatoes, my risk to reward is reached. Rest of the position is set to be tp 1.0600 round. Nothing to lose. Don't understand estimate technical analysis and same goes for fundamental analysis Lonnie is a oil currency and be mindful obama likely won't let oil price escalate to the once 150 us/barrel Before. I could be wrong as fx is ain't 100% thing. But Don't teach your father how to fxxk. That's all I gotta say. Trade safe fellows

trade safe
  • #3,671
  • May 22, 2013 11:48pm May 22, 2013 11:48pm
Thats gone a long, long way. further than i expected.

Hoping to catch the fade overnight (West coast USA time )
Attached Image (click to enlarge)
Click to Enlarge Name: usdcaddaily.png Size: 90 KB
Money never sleeps...
  • #3,672
  • May 23, 2013 1:32am May 23, 2013 1:32am
Re-calibrated the time cycle. Up move still valid for the next 3 hours.
After which, a drop is imminent.
  • #3,673
  • May 23, 2013 4:10am May 23, 2013 4:10am
Cycle expires this hour.
Good for temporary corrective short trade.
  • #3,674
  • May 23, 2013 8:46am May 23, 2013 8:46am
  •  Noeliu
  • | Joined Apr 2013 | Status: Hit SL?? Clicked the wrong button | 51 Posts
Hello! 1st post on this thread, but I couldnt resist it, looking at this chart. I doubt that USDCAD will reach 1.04. Seems that a correction down is imminent, and could be reinforced down by the decline of USD this weeks to come on other pairs. Look at the higher high on the PA while lower high on RSI. Watch out!
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.PNG Size: 57 KB
  • #3,675
  • Edited 10:56am May 23, 2013 10:03am | Edited 10:56am
Is that a Gartley on the USDCAD daily? It looks like one but a mirror image, upside down, or ????
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD DAILY.jpg Size: 35 KB
Ecclesiastes 1:9
  • #3,676
  • May 23, 2013 10:46am May 23, 2013 10:46am
Price in temporary corrective phase before further move.
Cycle is still incomplete without 1.04. Will wait if bottom trend breaks.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB
  • #3,677
  • May 23, 2013 11:14am May 23, 2013 11:14am
Dont know much about timing and phases bro but if it breaks the red line it could be all over.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh4.png Size: 93 KB
Money never sleeps...
  • #3,678
  • May 23, 2013 11:43am May 23, 2013 11:43am
That was actually part of a bigger cycle if you are a swing trader.
Attached is a daily chart. Target is 1.047 by 5th June 0:00. Around 2 more weeks to go.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB
  • #3,679
  • May 23, 2013 1:26pm May 23, 2013 1:26pm
decision time
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh1.png Size: 88 KB
Money never sleeps...
  • #3,680
  • May 24, 2013 12:26am May 24, 2013 12:26am
Friday.Expecting some sell off so added another short
Total 7 shorts
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.daily.png Size: 46 KB
In trading, you have to be defensive and aggressive at the same time
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