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USD/CAD

  • #6,301
  • Sep 17, 2014 11:21am Sep 17, 2014 11:21am
down channel in progress ?

we shall see.. 1086ish level will give some hints...

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momentum picked up ....

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however trading into some clusterfuck..

shall see ,if we break the SL ,, and how far it takes us (reaction to the upside) anything rejected at 1000ish.. ads to weakness..

if we continue lower... next point of interrest 086ish..
  • #6,302
  • Sep 17, 2014 12:16pm Sep 17, 2014 12:16pm
I added last ditch longs at 1.0939, no clue why CAD Is the top performing currency today when all the other risk currencies are lower. If FOMC doesnt turn it around Ill bail out if we break 1.0920
Twitter: @TrendersGame
  • #6,303
  • Sep 17, 2014 12:45pm Sep 17, 2014 12:45pm
Took long @ 1.0940 target 1.1190
Forex Learner
  • #6,304
  • Sep 17, 2014 6:12pm Sep 17, 2014 6:12pm
long triggered last night target 1.1083

also long usdchf
  • #6,305
  • Sep 18, 2014 3:42am Sep 18, 2014 3:42am
Quoting smikester
The picture for today is interesting. Big news releases in 3 hours will probably crystallise this chart: {image} If 1050 holds then a perfect 1 - 2 - 3 trade is available at 1070 or thereabouts. If not then this topping pattern may run its course. I won't be shorting, though. I think other longs will be with me there. In my opinion some weak longs closing would be all that drives that move.
The move went deeper than I expected but my longs are still looking healthy. I like the confluence of fibs where we are now and the engulfing H4 candles on both my US and UK feeds. I have buy stop orders placed at 1.1025 (sl 1.0990) which should activate some time within the next 6 hours. TP1 1.1060, TP2 1.3 LOL. If this trade does not activate, then the H4 head and shoulders comes into play, with a technical target of 1.0770
Gone to a better place
  • #6,306
  • Sep 18, 2014 9:13am Sep 18, 2014 9:13am
Quoting PrymeTyme
down channel in progress ? we shall see.. 1086ish level will give some hints... {image} momentum picked up .... {image} however trading into some clusterfuck.. shall see ,if we break the SL ,, and how far it takes us (reaction to the upside) anything rejected at 1000ish.. ads to weakness.. if we continue lower... next point of interrest 086ish..


1st SL broken , respected 2nd SL.. aswell as rejected 1000ish level.. = weakness

range forming ???? indecison???? (LHs/HLs) who knows

eitherway one should now waht to do at those levels.. depending on PA / and ones plan of course

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  • #6,307
  • Sep 18, 2014 12:14pm Sep 18, 2014 12:14pm
Hi! I'm waiting for a H&S pattern! a possible sell entry at .09200. There's anyone that think in the same way?
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  • #6,308
  • Sep 19, 2014 2:25am Sep 19, 2014 2:25am
Quoting smikester
{quote} The move went deeper than I expected but my longs are still looking healthy. I like the confluence of fibs where we are now and the engulfing H4 candles on both my US and UK feeds. I have buy stop orders placed at 1.1025 (sl 1.0990) which should activate some time within the next 6 hours. TP1 1.1060, TP2 1.3 LOL. If this trade does not activate, then the H4 head and shoulders comes into play, with a technical target of 1.0770
1.0930, which was the 2006 low, is where the aforementioned H4 head and shoulders is sitting. As a yearly level, this pivot is crucial to bulls, but even if it breaks, it may not violate the September 2012 trendline. My longs are closed for now and I'm guessing most are like me, sitting on their hands, waiting for a move. I like 1025 for longs, as it invalidates the head and shoulders and follows the US dollar trend. I like a break and pull back to 1.0930 for shorts, but only as far as the trend line - 1.07 thereabouts.
Gone to a better place
  • #6,309
  • Sep 19, 2014 3:25am Sep 19, 2014 3:25am
Quoting smikester
{quote} 1.0930, which was the 2006 low, is where the aforementioned H4 head and shoulders is sitting. As a yearly level, this pivot is crucial to bulls, but even if it breaks, it may not violate the September 2012 trendline. My longs are closed for now and I'm guessing most are like me, sitting on their hands, waiting for a move. I like 1025 for longs, as it invalidates the head and shoulders and follows the US dollar trend. I like a break and pull back to 1.0930 for shorts, but only as far as the trend line - 1.07 thereabouts.


Hi Smike take a look back at this post ( http://www.forexfactory.com/showthread.php?p=7711010#post7711010) and see what you think ?

Cheers Stu
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #6,310
  • Sep 19, 2014 4:16am Sep 19, 2014 4:16am
Quoting Stu Effex
{quote} Hi Smike take a look back at this post ( http://www.forexfactory.com/showthread.php?p=7711010#post7711010) and see what you think ? Cheers Stu
Stu. Thanks for pointing out that chart. I particularly like the magenta dotted lines.
Gone to a better place
  • #6,311
  • Sep 19, 2014 5:56am Sep 19, 2014 5:56am
Quoting smikester
{quote}. I particularly like the magenta dotted lines.
Me too Smike but would you still feel bullish @1.05xx ?
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #6,312
  • Sep 22, 2014 3:27am Sep 22, 2014 3:27am
I expect a green week . Here the setup :

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Long term view :

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Money moves the market, not an indicator.
  • #6,313
  • Edited 6:24am Sep 22, 2014 5:35am | Edited 6:24am
Update 5:
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Update :4 :

Buy activated :
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Update 3:

New pending buy :

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Update 2:
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Update : lack of momentum, SL hit.
New opportunity to piramiding buy

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Money moves the market, not an indicator.
  • #6,314
  • Sep 22, 2014 6:24am Sep 22, 2014 6:24am
Sorry, double post. I've update same post (above) 5 times until now.
Money moves the market, not an indicator.
  • #6,315
  • Edited 7:31am Sep 22, 2014 6:54am | Edited 7:31am
Final Update low timeframe position :

Momentum waned : EXIT entire position. 1:2 risk reward, recovered last losing position and gain the same profit. Stalking for re-enter long at low timeframes.
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Update 7 :

New SL :

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Update 6:

Take partial profit or breakeven. I choose second option :

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Money moves the market, not an indicator.
  • #6,316
  • Sep 22, 2014 7:25am Sep 22, 2014 7:25am
Quoting andoseg2
I expect a green week . Here the setup : {image} {image} Long term view : {image}
New SL adjusted at the 4h timeframe entry (after closed entire position at low timeframe )
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Money moves the market, not an indicator.
  • #6,317
  • Sep 22, 2014 7:42am Sep 22, 2014 7:42am
Quoting smikester
{quote} 1.0930, which was the 2006 low, is where the aforementioned H4 head and shoulders is sitting. As a yearly level, this pivot is crucial to bulls, but even if it breaks, it may not violate the September 2012 trendline. My longs are closed for now and I'm guessing most are like me, sitting on their hands, waiting for a move. I like 1025 for longs, as it invalidates the head and shoulders and follows the US dollar trend. I like a break and pull back to 1.0930 for shorts, but only as far as the trend line - 1.07 thereabouts.

H4 head and shoulders pattern is now invalidated:

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Buy stops at 1025. Bring it on...
Gone to a better place
  • #6,318
  • Sep 22, 2014 7:59am Sep 22, 2014 7:59am
Quoting smikester
{quote} H4 head and shoulders pattern is now invalidated: {image} Buy stops at 1025. Bring it on...
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Money moves the market, not an indicator.
  • #6,319
  • Edited 9:03am Sep 22, 2014 8:02am | Edited 9:03am
Enough for today. Wish you green trades . Bye.

Update 3: Complete exit

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Quoting andoseg2
{quote} New SL adjusted at the 4h timeframe entry (after closed entire position at low timeframe ) {image}
Update 2: New SL adjusted

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Money moves the market, not an indicator.
  • #6,320
  • Sep 23, 2014 5:38am Sep 23, 2014 5:38am
1.09854 support holding as of now.
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