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USD/CAD

  • #8,681
  • Dec 31, 2015 7:29pm Dec 31, 2015 7:29pm
Quoting skyhok
Here she goes hammering down on a 3 of 3 of 3, but not sure where that volume comes from on NY Eve. {image}
I look at this monthly chart and I think we had a close inside the channel, so maybe there's big money out there that use their power to show us the direction in the form of candle closes.

USDCAD played very well against tech levels on monthly, and the retracements range between 600-800 pips. We just hit a big level at 1.4 and if we are going to retrace 600-800 pips this time, then we would hit a few lucrative levels like 1.34, 1.3343, 1.3263
Attached Image (click to enlarge)
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  • #8,682
  • Dec 31, 2015 7:51pm Dec 31, 2015 7:51pm
2 years ago I was the leading inspirator here,

I always said: go long
New voice message: Why are you calling me? If I need you, I'll call you!
  • #8,683
  • Dec 31, 2015 7:52pm Dec 31, 2015 7:52pm
Quoting KillerWhale
2 years ago I was the leading inspirator here, I always said: go long
But sadly enough, I lost interest
New voice message: Why are you calling me? If I need you, I'll call you!
  • #8,684
  • Dec 31, 2015 7:52pm Dec 31, 2015 7:52pm
Quoting KillerWhale
{quote} But sadly enough, I lost interest
I could have made 3000 pips very easily
New voice message: Why are you calling me? If I need you, I'll call you!
  • #8,685
  • Dec 31, 2015 7:53pm Dec 31, 2015 7:53pm
Quoting KillerWhale
{quote} I could have made 3000 pips very easily
But I didn't.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #8,686
  • Dec 31, 2015 7:54pm Dec 31, 2015 7:54pm
Quoting KillerWhale
{quote} But I didn't.
So I'm gonna follow the CAD thread closely from now!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #8,687
  • Dec 31, 2015 7:56pm Dec 31, 2015 7:56pm
Quoting KillerWhale
{quote} So I'm gonna follow the CAD thread closely from now!
And provide you guys and girls with much needed advice
New voice message: Why are you calling me? If I need you, I'll call you!
  • #8,688
  • Dec 31, 2015 8:26pm Dec 31, 2015 8:26pm
man still go long! it is bound to still shoot up quite a few hundred pips and its practically guaranteed, the issue is do you have enough capital to wait out the -60 pip drops or will you get margin called? This is why I'm set to just do scalping. -_-
  • #8,689
  • Dec 31, 2015 8:50pm Dec 31, 2015 8:50pm
Quoting KillerWhale
{quote} I could have made 3000 pips very easily
It can be 3000 pips from now, but in the other way
  • #8,690
  • Jan 2, 2016 12:33am Jan 2, 2016 12:33am
Quoting Darkforce
{quote} I look at this monthly chart and I think we had a close inside the channel, so maybe there's big money out there that use their power to show us the direction in the form of candle closes. USDCAD played very well against tech levels on monthly, and the retracements range between 600-800 pips. We just hit a big level at 1.4 and if we are going to retrace 600-800 pips this time, then we would hit a few lucrative levels like 1.34, 1.3343, 1.3263 {image}
Happy NY! Just recovering from a heavy NY Day lunch.

Yes, it's not an invalidation of the monthly long view as some might suspect, but rather a deep retracement of a correction 4, after a prolonged and extended advance of a wave 3, most probably retracing towards at least 1.3400.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD 2Jan16.png Size: 76 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #8,691
  • Jan 3, 2016 6:20am Jan 3, 2016 6:20am
Hello, this is my analysis for USDCAD using the DIV trading system by Julien Moog.

Attached Image (click to enlarge)
Click to Enlarge Name: div6.jpg Size: 156 KB

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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All indicators used in this analysis can be found in QChartist software.

Enjoy!

Julien
QChartist is a free technical analysis software.
  • #8,692
  • Jan 3, 2016 7:18am Jan 3, 2016 7:18am
Quoting skyhok
{quote} Happy NY! Just recovering from a heavy NY Day lunch. Yes, it's not an invalidation of the monthly long view as some might suspect, but rather a deep retracement of a correction 4, after a prolonged and extended advance of a wave 3, most probably retracing towards at least 1.3400. {image}
Very intuitive chart

Iran and Saudi rivalry escalated by Saudi's excution of Nimr, this could lead black swan events that will spike oil prices, in turn help this USDCAD turn to play out!
  • #8,693
  • Jan 3, 2016 4:44pm Jan 3, 2016 4:44pm
Support still holding above 1.38145.... unless canldestick close below the level, price still in a range.
Attached Image (click to enlarge)
Click to Enlarge Name: akam.png Size: 53 KB
  • #8,694
  • Jan 3, 2016 5:08pm Jan 3, 2016 5:08pm
http://www.zerohedge.com/news/2016-0...t-1-week-highs
  • #8,695
  • Jan 4, 2016 2:36am Jan 4, 2016 2:36am
Oil up but the USD is still strong against CAD. If oil starts going back down this pair will easily go up more. I say remain long, the only reason it went up anyway is because oil going from $100+ to $40 then even lower.
TE started 6/4/19
  • #8,696
  • Jan 4, 2016 4:02am Jan 4, 2016 4:02am
  •  Zinot
  • | Joined Dec 2015 | Status: VUIP - Very UnImportant Person | 138 Posts
why is it so hard to break this consolidation!?
Insanity: doing the same over and over again & expecting different results!
  • #8,697
  • Jan 4, 2016 6:22am Jan 4, 2016 6:22am
More risky than usual long trade . This should be traded with care :

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Money moves the market, not an indicator.
  • #8,698
  • Jan 4, 2016 7:33am Jan 4, 2016 7:33am
Too risky better setups elsewhere
  • #8,699
  • Jan 4, 2016 8:04am Jan 4, 2016 8:04am
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  • #8,700
  • Jan 4, 2016 12:46pm Jan 4, 2016 12:46pm
Quoting KillerWhale
{quote} And provide you guys and girls with much needed advice
Hey Killer, good to see you. I just poked in because I've got a bunch of longs (average 1.3866) and hoping we break through the ceiling of this consolidation this time around.

I'd love to hold these babies for awhile... I'm off to Thailand for two weeks on Saturday and I'm not opposed to holding until I get back
check out my blog: forexmademillionaire dot com
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