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  • #4,141
  • Edited 10:11am Sep 3, 2013 9:30am | Edited 10:11am
Quoting str33t
{quote} If this plays out your TP is easily conservative .. Bearish Gartley - Daily chart. Enjoy {image}

Is the pattern still valid on weekly? Lots of Cad important news tomorrow and if nagative upside is on the menu.Entire summer Loonie stats has been weak.It is fundamentally weak at this time.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #4,142
  • Sep 3, 2013 10:41am Sep 3, 2013 10:41am
Quoting Davit
{quote} Is the pattern still valid on weekly? Lots of Cad important news tomorrow and if nagative upside is on the menu.Entire summer Loonie stats has been weak.It is fundamentally weak at this time. Regards

It's valid on all time frames technically I guess.. But clearest on the daily. Thats definitely a big part of having a fairly tight SL ..

I just saw some really great Fib levels on this HP and a pretty good R/R .. Fundamentally .. It's got a lot of room to breath since it is a pattern that consists of 2 months of data.. So I'm not too worried about the news..

It's all technical on this one for me.
Fall down 7 times, Stand up 8.
  • #4,143
  • Sep 3, 2013 10:50am Sep 3, 2013 10:50am
Quoting str33t
{quote} It's valid on all time frames technically I guess.. But clearest on the daily. Thats definitely a big part of having a fairly tight SL .. I just saw some really great Fib levels on this HP and a pretty good R/R .. Fundamentally .. It's got a lot of room to breath since it is a pattern that consists of 2 months of data.. So I'm not too worried about the news.. It's all technical on this one for me.

I trade Harmonic patterns as well. Key is to be in the trade at the right time.That requires looking at fundamental aspect as well.
I try to approach trading from holistic way not just technical and not just fundamentals.
Consider this
Price movers and shakers base their decisions 40% on fundamentals and only 16% on technical.Banks,Hedge funds are the movers.
So key is not to be too dogmatic that one avoids news specially red box ones.
Anyway green pips
In trading, you have to be defensive and aggressive at the same time
  • #4,144
  • Sep 3, 2013 8:06pm Sep 3, 2013 8:06pm
Attached Image (click to enlarge)
Click to Enlarge Name: uc.png Size: 23 KB
  • #4,145
  • Sep 4, 2013 3:44am Sep 4, 2013 3:44am
Final score sheet for the USDCAD sell trade
Lets wait for a fresh set up.
Enjoy your trading day.
Attached Image (click to enlarge)
Click to Enlarge Name: final_usdcad.png Size: 38 KB
  • #4,146
  • Sep 4, 2013 5:55am Sep 4, 2013 5:55am
Quoting pipcenturion
Final score sheet for the USDCAD sell trade Lets wait for a fresh set up. Enjoy your trading day. {image}
Good trade Mr pipcenturion. Very nice.

The BOC reports today can spark some nice moves. I am looking at GBP/CAD LONG range. That Month chart is sporting a Bullish Engulfing. This is for a Long Term Position , of course.

Good day to you.
  • #4,147
  • Sep 4, 2013 6:25am Sep 4, 2013 6:25am
Quoting FxMaximus
{quote} Good trade Mr pipcenturion. Very nice. The BOC reports today can spark some nice moves. I am looking at GBP/CAD LONG range. That Month chart is sporting a Bullish Engulfing. This is for a Long Term Position , of course. Good day to you.
Thanks a million FxMaximus. I suggest that you be careful with going long on GBP pairs. I think EUR pairs are safer to play longs than GBP.
Enjoy your trading day.
  • #4,148
  • Sep 4, 2013 10:18am Sep 4, 2013 10:18am
good day,

Will hopefully get to reload later.. all closed.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadm15.png Size: 75 KB
  • #4,149
  • Sep 6, 2013 2:33am Sep 6, 2013 2:33am
usd/cad intraday analysis sell @ 1.0550, sl @ 1.0630, tp @ 1.0350, estimated time = one week

Attached Image (click to enlarge)
Click to Enlarge Name: usd cad intraday analysis 3-9-2013.JPG Size: 141 KB
  • #4,150
  • Sep 6, 2013 2:41am Sep 6, 2013 2:41am
Good day,

Could not get in higher again. We should retest area indicated in future.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadm30.png Size: 67 KB
  • #4,151
  • Sep 6, 2013 7:42am Sep 6, 2013 7:42am
Good day,

Still expecting a move back to 1.0478 - will attempt it. Started building long.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh1.png Size: 81 KB
  • #4,152
  • Sep 6, 2013 7:49am Sep 6, 2013 7:49am
Quoting TauTrader
Good day, Still expecting a move back to 1.0478 - will attempt it. Started building long. Regards {image}

still going for it? market reaction to numbers today was very harsh...I wasnt expecting that big of a drop so soon.
  • #4,153
  • Sep 6, 2013 8:13am Sep 6, 2013 8:13am
Quoting ForexWhale
{quote} still going for it? market reaction to numbers today was very harsh...I wasnt expecting that big of a drop so soon.
bad day really for me....

closed my short with decent profit and then went long at 1.0450 only to find out this massive drop. holding on to my battled and bruised long for the time being....maybe it will make a comeback.
  • #4,154
  • Sep 6, 2013 8:38am Sep 6, 2013 8:38am
Quoting ForexWhale
{quote} still going for it? market reaction to numbers today was very harsh...I wasnt expecting that big of a drop so soon.
good day to you, ForexWhale

Yip - going for it. Adding as I go. But it could go on for weeks. Do not let me influence your decisions by me holding... I'm risking less than 1% here.

All the best
  • #4,155
  • Sep 6, 2013 8:41am Sep 6, 2013 8:41am
Quoting ForexWhale
{quote} bad day really for me.... closed my short with decent profit and then went long at 1.0450 only to find out this massive drop. holding on to my battled and bruised long for the time being....maybe it will make a comeback.
there is a bottom target as low as 1.01860 and a top target as high as 1.07049.. whereto first?
  • #4,156
  • Sep 6, 2013 8:51am Sep 6, 2013 8:51am
Quoting ForexWhale
{quote} bad day really for me.... closed my short with decent profit and then went long at 1.0450 only to find out this massive drop. holding on to my battled and bruised long for the time being....maybe it will make a comeback.
good day to you, ForexWhale

Look at the attached chart - going back 3.5 years. Look at the purple/pink levels. Each and every one got covered. Maybe not in the same month, but covered. So - currently, we have two open levels marked with the green lines. 1.07049 and 1.01860. Anything is possible - but in theory - both of them should be covered at some stage.

You are either going to get hurt terribly, or you could potentially score big. Until this fails..You need to decide which one first..

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: usdcaddaily.png Size: 100 KB
  • #4,157
  • Sep 6, 2013 8:58am Sep 6, 2013 8:58am
USD_CAD : Much anger on this Pair 3 days hold on the top made me confused but now fall in Love Idiot >_<
still dun know where it want to go ............ you guys have any idea ??
  • #4,158
  • Sep 6, 2013 9:11am Sep 6, 2013 9:11am
Quoting Malik taxila
USD_CAD : Much anger on this Pair 3 days hold on the top made me confused but now fall in Love Idiot >_< still dun know where it want to go ............ you guys have any idea ??

Good day to you, Malik

It can go either way, princess - but I have made my choice to long it back to 1.0479. See previous post with chart.

All the best to you
  • #4,159
  • Sep 6, 2013 9:58am Sep 6, 2013 9:58am
Quoting TauTrader
{quote} good day to you, ForexWhale Yip - going for it. Adding as I go. But it could go on for weeks. Do not let me influence your decisions by me holding... I'm risking less than 1% here. All the best

I thought your TP was 1.018...
In my opinion its premature price to go long now. I will at 1.020 level
Green pips UP 530pips on GC shorts and they are all still open 15 of them
In trading, you have to be defensive and aggressive at the same time
  • #4,160
  • Sep 6, 2013 10:40am Sep 6, 2013 10:40am
Quoting Davit
{quote} I thought your TP was 1.018... In my opinion its premature price to go long now. I will at 1.020 level Green pips UP 530pips on GC shorts and they are all still open 15 of them
Sir Davit,

Well done on your trades... I remember that you were slightly concerned at one time. This is good news.

I was in and out a few times already. I was banking on 1.7049 first. From there, it would have been easier trading down to 1.018x. But we received a curve ball. So we now have both of these open. so I am not 100% sure now. But I fired up another set of charts to look at interim position. This brought up the retrace trade idea. I'm going for 1.0479. Period.

Will then see.:nerd:

All the best
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