Nice trade on USDCAD! Right now its near its W S2 at 1.3278. That is strong support, and statistically it won't close beyond that for the week (especially it being only Wed.). You should consider taking profits IMO.
EZ
EZ
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DislikedNice trade on USDCAD! Right now its near its W S2 at 1.3278. That is strong support, and statistically it won't close beyond that for the week (especially it being only Wed.). You should consider taking profits IMO. EZIgnored
DislikedNice trade on USDCAD! Right now its near its W S2 at 1.3278. That is strong support, and statistically it won't close beyond that for the week (especially it being only Wed.). You should consider taking profits IMO. EZIgnored
DislikedGBPNZD trading range just for the fun of it. Not trading this {image}Ignored
DislikedRegarding UCad, its below the weekly S2. If you crunch the #'s and do the analysis, if its a down week the probability of the L < W S2 is about 0.3, and the probability of the close < S2 is about 0.15. So chances are it won't close below the Weeky S2, so best to heed the statistics and take profits (imo). Additionally, USD is at a general support level across the board, and it had 2 (relatively) down days. Overall USD trend is up, so at a minimum its due to consolidate ... but I think head back up. I just opened long USD positions for a swing trade...Ignored
Disliked{quote} Hmmmn, Hope you have your stops in place. As i said earlier, in this market expect the unexpected. Supports were created for breakingIgnored
DislikedLooking to switch to AUDJPY LONG outside trading range 42/13 on AUDJPY If entry confirmation exists {image}Ignored
Disliked{quote} No worries ... I made almost 300 pips on that USD rally with various trades (UCad long included)!See my post towards the end here: http://www.forexfactory.com/showthread.php?p=9407535#post9407535 (post 1355) EZ
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DislikedLooking to switch to AUDJPY LONG outside trading range 42/13 on AUDJPY If entry confirmation exists {image}Ignored