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- 114 Results (110 Replies , 4 Comments )
- KmBioDmoneda replied Jan 7, 2015
It doesn't appear USD/CAD has enough steam to push towards yesterday's high. It is now Trading at the main pivot. For those of you with long bias, you would want it to stop here and accumulate, and let London break it out to the upside. USD.CAD is ...
- KmBioDmoneda replied Jan 7, 2015
Hello.... Here is a picture of the cup which just has formed. url The left side of the cup was formed by the FOMC news (At this point it was just a breakout to the down side) Then the right hand side of the cup formed on the bounce. Now the handle ...
- KmBioDmoneda replied Jan 7, 2015
How cool. I thought I was the only person who used fib number 11.8
- KmBioDmoneda replied Jan 7, 2015
Now UJ has just completed the CUP formation. If the handle turns out to be accumulation straight across the 5m chart without touching yesterdays high, then we should get that pop upward that some of you expect.
- KmBioDmoneda replied Jan 7, 2015
UJ only about 6 pips away from forming the cup
- KmBioDmoneda replied Jan 7, 2015
Since closing under that price, have you noticed the amount of touches to the high to the candle which closed under that price, but it has yet to close across the high of it.
- KmBioDmoneda replied Jan 7, 2015
Hello one question. Do you trade using daily pivots?
- KmBioDmoneda replied Jan 7, 2015
You missed the high impact portions of the FOMC minutes. The person who is talking now shouldn't shake up the market at all.
- KmBioDmoneda replied Jan 7, 2015
That is the key difference with wagering on say "support or resistance" and sticking to the rules and trading the TF you are watching. Simply touching a price isn't good enough, as that would be considered a "fake" if it fills you and goes against ...
- KmBioDmoneda replied Jan 7, 2015
Let us see if this open candle on EU will close under 11.18342 which would make it a good sell.
- KmBioDmoneda replied Jan 7, 2015
Correct. If you look at the 5m of USD.CAD and notice the move down after the FOMC. Do you then see the long red candle which engulfed the last green high created on the 5m. Well the high of those two candles is the resistance, and you will then ...
- KmBioDmoneda replied Jan 7, 2015
A close under 1.18342 on the 5m chart would be the perfect time to sell, as it would of engulfed the last engulf caused by the sma10. Also daily pivots are rather tight today, less then 35 pips between them, so massive breakout seems to be unlikely ...
- KmBioDmoneda replied Jan 7, 2015
Of UJ and U/CAD I would say thata UJ has the strongest potential to form the cup and handle after the drop caused by FOMC. On the 5M UJ has closed crossed the first high created after the FOMC drop (119.186) and since closing above it, it has ...
- KmBioDmoneda replied Jan 7, 2015
I would guess because the poster believes that his broker will STOP HUNT his order if he makes it visible. Although that theory is a "bone of contention" I would like to know if his 10 pips stop gets hit as he watches, will he open another BUY right ...
- KmBioDmoneda replied Jan 7, 2015
UJ on the m5 has covered half of the loss it took after the FOMC news. So right now it looks like it is shaping up to form acup and handle formation on m5. To form the cup of course we would need to touch the high of the fomc spike. Should UJ close ...
- KmBioDmoneda replied Jan 7, 2015
You can now see that 10 mins later USD/CAD has had a big time rejection on the lower tf off the price I gave. I am awaiting a close above 1.1830 on the bid before I buy. Hopefully that order is filled prior to the daily pivots changing.
- KmBioDmoneda replied Jan 7, 2015
Currently that USD/CAD buy seems to not be the best order at the moment. Since the news released, USD/CAD has now found resistance under 1.1830. It has failed to close across that on the 3 lower tf, and a cup and handle formation on the 5m is what ...
- KmBioDmoneda replied Jan 7, 2015
One of the strangest thing we do is watch the chart tick for tick. If you really think about it, tick watching on any tf other then the tick chart will lead to some very bad trades. Just think about it. If you trade the h4 and you are placing orders ...
- KmBioDmoneda replied Jan 7, 2015
The move appears to be highly unlikely at this moment. But should EU close under 1.18219 on the 5m before marking a new high, then we should attack the 1.17783 pivot. Yet with the price action we have right now, a run down before ASIA open seems ...
- KmBioDmoneda replied Jan 7, 2015
Hello Maximinus. So would you now reckon that the bull mobe on USD/CAD is now over? Today USD/CAD failed to touch the R1 daily pivot on 3 seperate runs on the lower tf. At the moment it is 1.18213 and the main pivot is 1.1801 would you say the drop ...