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USD/CAD

  • #5,181
  • Apr 11, 2014 1:13pm Apr 11, 2014 1:13pm
Quoting Bluescalper
{quote} Looking 1.0981 as TP
nice target definately pinpointed resistance
Do what's right for you
  • #5,182
  • Apr 11, 2014 1:23pm Apr 11, 2014 1:23pm
Quoting Compulsive
{quote} Are you in with real money or just mentally?
Im in with real. I just don't know how that question leads to any meaningful discovery relevant to the thread.
The coincidental success is more dangerous than the expected failure
  • #5,183
  • Apr 11, 2014 1:26pm Apr 11, 2014 1:26pm
Quoting Neqrotik
Nice to know that the bulls have yet to post a single target here on this thread and time frame. Going long just to go long?
Are you reading my posts? You would see charts and my targets too..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,184
  • Apr 11, 2014 1:27pm Apr 11, 2014 1:27pm
Quoting Neqrotik
{quote} Im in with real. I just don't know how that question leads to any meaningful discovery relevant to the thread.
Post your chart with entry -
  • #5,185
  • Apr 11, 2014 1:29pm Apr 11, 2014 1:29pm
Quoting Neqrotik
Nice to know that the bulls have yet to post a single target here on this thread and time frame. Going long just to go long?

When I enter, target is irrelevant to my trading style (unless I am scalping for minor pips which is rare). My 1st objective is always covering cost first (break even)
  • #5,186
  • Apr 11, 2014 1:30pm Apr 11, 2014 1:30pm
Quoting Compulsive
{quote} Post your chart with entry -
hehe. Of course it would come from you. Managing more than half a million dollars. Crazy how even knowing that isn't even useful either.
The coincidental success is more dangerous than the expected failure
  • #5,187
  • Apr 11, 2014 1:34pm Apr 11, 2014 1:34pm
Quoting Neqrotik
{quote} hehe. Of course it would come from you. Managing more than half a million dollars. Crazy how even knowing that isn't even useful either.
It has taken me more than 5 yrs to get there.
When someone post that they are long or short, why not place a chart with the entry? Make this forum alive. It does not matter the size, but make it more transparent than just posting, "Oh I am long or short"
  • #5,188
  • Apr 11, 2014 1:41pm Apr 11, 2014 1:41pm
Quoting Compulsive
{quote} It has taken me more than 5 yrs to get there. When someone post that they are long or short, why not place a chart with the entry? Make this forum alive. It does not matter the size, but make it more transparent than just posting, "Oh I am long or short"
This response downplays the value of my time spent on the chart being posted to share my own independent analysis.
The coincidental success is more dangerous than the expected failure
  • #5,189
  • Apr 11, 2014 1:42pm Apr 11, 2014 1:42pm
My UCAD Positions, Long..
utmost all of them are 50K -
Please kindly put your screenshot of your positions too.. Lets make this more interactive. As Compulsive said.. "Compulsive" please share your chart with positions and size. thanks.

Attached Image (click to enlarge)
Click to Enlarge Name: UCAD Positions.png Size: 74 KB
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,190
  • Apr 11, 2014 2:02pm Apr 11, 2014 2:02pm
Quoting aviz12
My UCAD Positions, Long.. utmost all of them are 50K - Please kindly put your screenshot of your positions too.. Lets make this more interactive. As Compulsive said.. "Compulsive" please share your chart with positions and size. thanks. {image}

I guess I am small compare to your position. For every 100k I need $3000 margin, so I don't do no more than 5 lots at the most

http://i.imgur.com/lUrhKW3.png
  • #5,191
  • Apr 11, 2014 2:06pm Apr 11, 2014 2:06pm
Quoting Compulsive
{quote} I guess I am small compare to your position. For every 100k I need $3000 margin, so I don't do no more than 5 lots at the most {image}
Add more as it goes up.
I am aiming 1-3 months.. for a target of 1.16-1.18 levels
And 4-5 months maybe early or later for 1.2-1.23 zone.

I think i will hold it for that long.. its very beneficial to keep things for long.. it gives you handsome amount of profits!!

Please kindly other traders who have Long or Short, share your positions screen shot.. Its good to learn and know each other.

I am a full time trader myself..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,192
  • Apr 11, 2014 2:29pm Apr 11, 2014 2:29pm
Quoting momochi
will be impressive if they get this back in the green for the week, even more if over 1.0982.. late friday though few hours left..
We just might.....good night everyone
  • #5,193
  • Apr 11, 2014 4:29pm Apr 11, 2014 4:29pm
green

http://i.imgur.com/bDuYhyi.jpg
Do what's right for you
  • #5,194
  • Apr 11, 2014 5:04pm Apr 11, 2014 5:04pm
Quoting aviz12
{quote}Please kindly other traders who have Long or Short, share your positions screen shot.. Its good to learn and know each other. I am a full time trader myself..
same here you go,

http://i.imgur.com/r91CVDl.jpg

my tp is whenever i think the bull has given up or wants to take a breather and goes into conlolidation. my guess would be monday - wed rally, play up to the BOC minutes, i hope so anyway because off to japan on wednesday.

no nasty weekend gaps or bull sleeping next week please!
Do what's right for you
  • #5,195
  • Apr 12, 2014 3:29am Apr 12, 2014 3:29am
Why I believe the U/C will go lower before it has the chance to go higher:

My derivation of pivots are mapped from using the move up from Sept 2012 to present. What seems to have happened is that there are 2 major pivots as you can see below but the price has "shifted" upwards in a weird way. The first move up from Sept 2012 becomes the low see in April 20th 2013 (this is major pivot #1) then price pivots off of a major upward bottom trendline to begin its single strongest move to the highs we see today. There is a relief downwards to pivot off the May high which is the shift up im talking about.

Both Fib levels and the trendline are CLEARLY guiding the price action of this pair.

Anyway long story short. Is that where the market has closed off this week has a hammer which is bullish. But if Fib or the trendline is to still hold as it has since 2012 this move up needs either a fib pivot or trendline to move higher. That is why I am bearish on this pair till one of those levels hits. And yes, I am aware that past performance is not indicative of future results, but the last single move up was a very aggressive move but was nonetheless capped by the trendline since 2012. So like I said, the trendlines/geometric pattern and Fib price action that followed from 2012 have a strong influence on this pair. I would expect no different on when this pair will move up for its last move, but it needs to find a landing spot first. Its either Fib or the Trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 62 KB
The coincidental success is more dangerous than the expected failure
  • #5,196
  • Apr 12, 2014 3:53am Apr 12, 2014 3:53am
Quoting Neqrotik
Why I believe the U/C will go lower before it has the chance to go higher: My derivation of pivots are mapped from using the move up from Sept 2012 to present. What seems to have happened is that there are 2 major pivots as you can see below but the price has "shifted" upwards in a weird way. The first move up from Sept 2012 becomes the low see in April 20th 2013 (this is major pivot #1) then price pivots off of a major upward bottom trendline to begin its single strongest move to the highs we see today. There is a relief downwards to pivot off...
Buddy,

When you are seeing weekly chart, why are you just drawing trend lines, for few past weeks only.
Take a whole picture, Zoom out your chart further.. and draw trend line properly.

I will send you a screen shot in few minutes, it should give you a broader picture..
If this was not bullish, it would have not done a very bullish weekly hammer closing..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,197
  • Apr 12, 2014 4:08am Apr 12, 2014 4:08am
Here are the two charts.. look them closely..
Big Inverse head and Shoulder in Formation
Than it bounced heavily from various trend line support..

Attached Image (click to enlarge)
Click to Enlarge Name: BroaderUSDCAD.png Size: 285 KB


Attached Image (click to enlarge)
Click to Enlarge Name: CloseUpUSDCAD.png Size: 288 KB
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,198
  • Apr 12, 2014 4:14am Apr 12, 2014 4:14am
If you look at the major peaks...1 2 3 from the highest high to the second and the most recent...

Peak # 2 is 50% retracement of peak #1 and peak #3 is 50% of peak # 2. Thats Fib all day.

ALSO..the REASON why i dont use the LOWEST LOW from peak 3 is because the low from 9/2012 is actually when an entire move starts. That is why I go from 2012 onward in my first analysis post.

Also..looking at your charts. It doesnt address what im saying in my original analysis post. im not saying that we have seen a top. I AM SAYING THAT WE WILL SEE A SMALL MOVE DOWN BEFORE THE MOVE UP.
The coincidental success is more dangerous than the expected failure
  • #5,199
  • Apr 12, 2014 4:28am Apr 12, 2014 4:28am
Quoting Neqrotik
If you look at the major peaks...1 2 3 from the highest high to the second and the most recent... Peak # 2 is 50% retracement of peak #1 and peak #3 is 50% of peak # 2. Thats Fib all day. ALSO..the REASON why i dont use the LOWEST LOW from peak 3 is because the low from 9/2012 is actually when an entire move starts. That is why I go from 2012 onward in my first analysis post. Also..looking at your charts. It doesnt address what im saying in my original analysis post. im not saying that we have seen a top. I AM SAYING THAT WE WILL SEE A SMALL MOVE...
Mark my words, no we will not see more move down..
If more move down was in the books, it would not close the weekly candle in a good bullish nature..
Kindly check Dollar index too.. this will help you a lot..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,200
  • Edited 4:51am Apr 12, 2014 4:37am | Edited 4:51am
Quoting aviz12
{quote} Mark my words, no we will not see more move down.. If more move down was in the books, it would not close the weekly candle in a good bullish nature.. Kindly check Dollar index too.. this will help you a lot..
Fair enough. Ill get back to you if I find reasonable doubt that we wont see a move to the 1.075 area. I dont want to forget to say thanks for your critique and input.
The coincidental success is more dangerous than the expected failure
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