{quote} Good day to you, USD-Bear I hear you. Let us observe and see what she is up to. Regards {image}
USDOLLAR D1:
Don't be a hero. Don't have an ego. Always question yourself
- #3,961
- Aug 15, 2013 11:50am Aug 15, 2013 11:50am
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
USDOLLAR D1:
- #3,962
- Aug 15, 2013 12:59pm Aug 15, 2013 12:59pm
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #3,963
- Aug 15, 2013 2:39pm Aug 15, 2013 2:39pm
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
{quote} Good day to you, USD-Bear Not too familiar with your analysis.. But yes. Target remains 1.0705 over the coming months. I have started to build my long at the current level - but we could drop to 1.0186 first. Will add as we go. all the best. Off to bed. Regards
Don't be a hero. Don't have an ego. Always question yourself
- #3,975
- Aug 22, 2013 7:59am Aug 22, 2013 7:59am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #3,976
- Aug 22, 2013 10:18am Aug 22, 2013 10:18am
{quote} Good day to you, entered short here @ 1.0505, but expecting as high as 1.070 - so building the short slowly. Target now back down to 1.0180 Regards
You have bigger berries than me. I am quite aggressive, but haven't seen "the whites of their eyes" in order to lay down a short position yet on the USD/CAD. Maybe I need glasses or sumthin'. :nerd:
- #3,978
- Aug 22, 2013 10:52am Aug 22, 2013 10:52am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
{quote} Already entering short? Hmmm if you see a possible upside yet, but entering short.... in size I am assuming. Hmmm What they feeding you for breakfast my man?
So - we have potential upside to 1.07xx and potential downside to 1.018x. She could turn here and do 1.018x first before working back to 1.07xx. Who knows? So I place a small sacrificial lamb in the form of a short right here. Actually added a little one again. So if she drops - I kill the weakest one. Keep the higher one. Now discipline. Increase lot size within risk and wait @ 1.0580, 1.0630 and 1.0680 - total investment then 1.5 lots or $ 15.00/pip. First entries only $1.00/pip.
Next one $2.00/pip, then $4.00/pip, then $6.00/pip.
Set TP and then go fishing..
I'm only kidding..
Am keeping a close eye in her.. Will manage accordingly
Regards
- #3,979
- Edited 11:34am Aug 22, 2013 11:06am | Edited 11:34am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
USD/CAD WEEKLY CHART "CUP FORMATION" coming to the 1.3064 {image}
You don't know that!!
Market could range another 5yrs!Thanks for 5yr old kindergarten magic marker chart.
I just hope you do realize 2008 crash and the housing bobble before that.It was a unique situation which I don't see it repeating.
In trading, you have to be defensive and aggressive at the same time
- #3,980
- Aug 22, 2013 11:48am Aug 22, 2013 11:48am
Davit, check out the M tf on the GBP/CAD. Is that an engulfing or what? Threw down some for long term growth. Lookin' kinda ready to give some growth spurts as the commodity currencies....(CAD, NZD, AUD...I know you know that) are getting clocked.
"Set and forget."
"Set and forget."