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USD/CAD

  • #4,041
  • Aug 25, 2013 4:05pm Aug 25, 2013 4:05pm
Quoting Davit
{quote} I always appreciate your posts. I went short EN at 7174 now moved my SL to 7160 and I got a free trade.If she goes down fine if not I will grab few pips. Regards
@Davit:

You got stopped out and you made 14 pips

Great trade just the same - no loss



P.S - She's on the phone - LoL! call came for her.
  • #4,042
  • Aug 25, 2013 4:36pm Aug 25, 2013 4:36pm
Quoting HDA
{quote} @Davit: You got stopped out and you made 14 pips Great trade just the same - no loss P.S - She's on the phone - LoL! call came for her.
HDA, you gotta make sure that if you're in the Dog House frequently, you get a nice air matress or something. Man, the Dog House can be rough on the 'ole back. LOL
  • #4,043
  • Aug 25, 2013 9:03pm Aug 25, 2013 9:03pm
EURCAD H&S building, targets the 38.2% fib level perfectly from the 15th Aug low
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  • #4,044
  • Aug 26, 2013 4:53am Aug 26, 2013 4:53am
Previsões diarias o Trem voltou com tudo para frente, se segurem em suas poltronas !
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  • #4,045
  • Aug 26, 2013 6:20am Aug 26, 2013 6:20am
opened long position:

1.05100
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  • #4,046
  • Aug 26, 2013 6:34am Aug 26, 2013 6:34am
Quoting Davit
{quote} Hi HDA Your post kind of perplexed me.EN going up 400pips is serious from current 71 level and last time it went that high was 2011 So having major in mind if EN to go up 400pips NU must go down at least 200pips. NU already dropped 300pips from 81 so looking for minimum 100pips retrace up.I am also short bias on Euro/USD So having all this put together I just don't see 400pips up move on E/N Regards
@Davit:

I had to come and publicly state that I ERRED in my analysis of your EUR/NZD trade - you were indeed correct and I would have agreed entirely with you if I took the time to realise that I was looking at the weekly chart of the NZD/USD and not the daily chart of the NZD/USD.

I was so distracted by my spouse as I indicated in my analysis yesterday - I had to EDIT it yesterday, which I pointed out to you, because I also had the based currency wrong, which I had to correct to USD and also from a daily chart perspective mix up, when I was looking at a NZD/USD weekly chart thinking it was a DAILY CHART,

YES you were indeed correct EUR/USD is at SUPPLY and NZD/USD is at DEMAND on a Daily chart so you would SELL as I wrote in my analysis, but I had stated that the NZD/USD was not yet at the DEMAND ZONE - but it was at the DEMAND ZONE on the DAILY but not on the WEEKLY so that one error in charts - threw out everything.

I was looking at the weekly chart of the NZD/USD and the Daily Chart of the EUR/USD when I wrote my analysis.

I was wrong - it was perfectly lined up and your short was 100% valid.

Just had a huge argument in the house with my spouse, that if she just gave me the chance to sit without distraction I would not have in correctly offered an opinion that would have perplexed you and for this I offer my deepest and most sincere apology.


You were correct DAVIT and if I was looking at both NZD/USD and EUR/USD daily charts - I would have written differently.

I am deeply hurt by this, because I try to give sound and correct as best I see suggestions as to how I see the market.

I went to charts because you posted charts instead of sticking to my numbers as I usually do.

Again - I offer to you my deepest apology and it has caused a huge argument in the house here with my spouse.

The slightest distraction can cause a multitude of problems.

HDA OUT

Take Care

P.S. We are still fighting in the house about it, but I'm looking forward to the make up sex
  • #4,047
  • Aug 26, 2013 6:58am Aug 26, 2013 6:58am
Quoting openyoureyes
opened long position: 1.05100 {image}
closed this with small P,
I don't like zombie trades..
  • #4,048
  • Aug 26, 2013 10:02am Aug 26, 2013 10:02am
Nice consolidation on the short term
  • #4,049
  • Aug 26, 2013 11:11am Aug 26, 2013 11:11am
Quoting HDA
{quote} @Davit: I had to come and publicly state that I ERRED in my analysis of your EUR/NZD trade - you were indeed correct and I would have agreed entirely with you if I took the time to realise that I was looking at the weekly chart of the NZD/USD and not the daily chart of the NZD/USD. I was so distracted by my spouse as I indicated in my analysis yesterday - I had to EDIT it yesterday, which I pointed out to you, because I also had the based currency wrong, which I had to correct to USD and also from a daily chart perspective mix up, when I...
HDA
Its all fine.I did get stopped out but missed 130pip down move.You did influence me as far as not going back in....but that is life.One should make trade decisions on their own.
Its no big deal and I hope you iron out with your wife.I have been married for 20yrs and by now she accepts all my faults with grinding teeth...haha
I just tell her all my PC time will pay off.....
Regards
In trading, you have to be defensive and aggressive at the same time
  • #4,050
  • Edited 10:42pm Aug 26, 2013 5:37pm | Edited 10:42pm
Quoting Davit
{quote} HDA Its all fine.I did get stopped out but missed 130pip down move.You did influence me as far as not going back in....but that is life.One should make trade decisions on their own. Its no big deal and I hope you iron out with your wife.I have been married for 20yrs and by now she accepts all my faults with grinding teeth...haha I just tell her all my PC time will pay off..... Regards

@Davit:

Thanks

From a Weekly Chart Analysis of both the EUR/USD weekly and the NZD/USD weekly - my analysis to short the EUR/NZD between 1.7600 and 1.7700 remains -

The EUR/USD weekly is at Supply and the NZD/USD weekly is not at DEMAND as yet but the projection is there to go to DEMAND between 0.7550 and 0.7450.

If it gets there, then you would Short the EUR/NZD between 1.7600 and 1.7700 providing, please note, providing the EUR/USD stays in the SUPPLY ZONE and does not breach it. If the EUR/USD breaches the SUPPLY ZONE - then we could be looking at a much higher short level.


But the EUR/USD is not a good pair to be trading right now and this is why I suggested and still suggest - that I would not trade any pair that is tied to the EUR/USD.

So if the EUR/USD weekly stays in the Supply Zone and the NZD/USD weekly heads to the DEMAND ZONE - then you could be long towards 1.7600 and more.

In summation, it is very risky to trade any pair attached to the EUR/USD right now or the EUR/USD itself.

In my opinion it is just not STRESS FREE trading.

Sometimes taking the decision not to trade is also trading.

HDA OUT



P.S. We've Made up back and I have to now keep my word, so this is it - Take Care.
  • #4,051
  • Edited 10:37pm Aug 26, 2013 5:45pm | Edited 10:37pm
Quoting Fxmaximus
{quote} HDA, you gotta make sure that if you're in the Dog House frequently, you get a nice air matress or something. Man, the Dog House can be rough on the 'ole back. LOL
@Fxmaximus:

No more dog house for me - I will be keeping my word to my spouse so this is it for me.



I will however get the air mattress as a back up, just in case - lol

Take care
  • #4,052
  • Aug 27, 2013 2:49am Aug 27, 2013 2:49am
Been short on this one for a few days. Just waiting! I know, I know, going against the trend. Thoughts are welcome!
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Damn The Torpedoes, Full Speed Ahead!
  • #4,053
  • Aug 27, 2013 3:10am Aug 27, 2013 3:10am
Quoting DizzleFX
Been short on this one for a few days. Just waiting! I know, I know, going against the trend. Thoughts are welcome! {image}
After this leg down, watch out for that reversal. The Month Chart has a massive.... well, look for yourself.
  • #4,054
  • Aug 27, 2013 3:42am Aug 27, 2013 3:42am
Quoting Fxmaximus
{quote} After this leg down, watch out for that reversal. The Month Chart has a massive.... well, look for yourself.
I see the trend definitely trying to go north. I only have a very small percentage on the table, so I plan on letting this one ride out. Either way, I have a SL so I won't loose to much.
Damn The Torpedoes, Full Speed Ahead!
  • #4,055
  • Aug 27, 2013 4:17am Aug 27, 2013 4:17am
Good day,

Got to remove the weaker entries earlier and left the 1.0552 short in place. Small position. Still of opinion that she will push towards 1.0700. So gotta time it.

Regards
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  • #4,056
  • Aug 27, 2013 11:34am Aug 27, 2013 11:34am
Quoting Davit
{quote} Thanks Stephane Great to read you friend.What can I say I am humbled....No ego just humbled by the power of the market. I will stick it out.Thanks For what is worth G/C is in perfect harmonic sell zone {image}
only now I saw it bro!! great choice of course, holding it!! you know i trade CounterTrade, using the aprroach to IchCloud...now I can tell you that Daily TD and weekly TF are combined with IchCloud 600 pips below!!!! I already jump in on the board shorting it!!!

6180 will be the first support to the fall!!! i wish I was more present around to be your friendly shoulder on the tough moments!!!let´s start rocking!!!
Inserted Video


hey Mr. Scott!! once again with Precision Draws Harmonic Pattern!!!really nice
  • #4,057
  • Aug 27, 2013 3:08pm Aug 27, 2013 3:08pm
Quoting Ken A
For GBP/CAD, pay attention to GBP/USD and USD/CAD Play around with this and see demand is higher for which pairs - spot the strength and weakness in USD, GBP and CAD USD/CAD x GBP/USD = GBP/CAD GBP/CAD ÷ USD/CAD = GBP/USD GBP/CAD ÷ GBP/USD = USD/CAD
Hi
2nd post

I'm new to FX (and trading in general)

I posted in the rookie threads about the correlation between these three pairs on August 18. Is analyzing correlated trines a "thing"? Does it have a name, and if so where can I find more information on TA for looking at these "trines" and figuring which of the 3 is opportune for trading?

I think UC is a great pair to trade, and I hope to be a more contributive poster once i have gained some experience.

Thanks to all for sharing your charts/knowledge/resources on this forum.
  • #4,058
  • Aug 27, 2013 3:46pm Aug 27, 2013 3:46pm
Hello personal, I am not really getting to understand that graph USD/CAD, I can it is wrong I more only get to see what is traced in the image, if he/she has some contradictory opinion it will be well coming
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  • #4,059
  • Aug 27, 2013 9:04pm Aug 27, 2013 9:04pm
Quoting xandi
{quote} only now I saw it bro!! great choice of course, holding it!! you know i trade CounterTrade, using the aprroach to IchCloud...now I can tell you that Daily TD and weekly TF are combined with IchCloud 600 pips below!!!! I already jump in on the board shorting it!!! 6180 will be the first support to the fall!!! i wish I was more present around to be your friendly shoulder on the tough moments!!!let´s start rocking!!!http://www.youtube.com/watch?v=2vVEyTRvmkI hey Mr. Scott!! once again with Precision Draws Harmonic Pattern!!!really...

Thanks Xandi for your support.You are a true master with balls.I don't think its easy what you are doing but 200% return in weeks is unreal.
Keep going strong my friend.
In trading, you have to be defensive and aggressive at the same time
  • #4,060
  • Aug 28, 2013 4:54am Aug 28, 2013 4:54am
Quoting xandi
{quote}... 6180 will be the first support to the fall!!!...
"Land in sight!!!!"
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