True enough, though it is much easier to trade these days

Daily GBP/JPY analysis

Wow, Karmo and Markam in the same week.. awesome to see you guys around! Now all we need is Q, Lilmoe, scrat and Dr Geppy to resurface

Auslanco - GBP/JPY and GBP/USD (newstrade)

The US is canada's largest trading partner, so good news in the US often translates into good news for Canada even if in Canada the news is not is good... This pair does not always respond the way you think it should.. Not to mention that often ...

USD/CAD

Anything is possible, however if you have been trading this pair then you would know that there is major support around .9930. If we get a significant break below the .9930 level, then its very possible to drop into the .97/.96 region. Care to share ...

USD/CAD

Looking back 1.035 has not really been a significant resistance. As mentioned earlier it was the 1.0265 level.. I guess it depends on your trading style, I'm not a scalper I will hold a trade for days / weeks if needed. Looking at the daily, we have ...

USD/CAD

Ah, I don't think it will be going short just yet. A solid break of 1.0265, next stop 1.0450...

USD/CAD

Anything is possible, though I don't see that on the near horizon.. Cheers

USD/CAD

1.03 has typically not been strong resistance, in my opinion if we break 1.03 (actually if we break the 1.0265 level where we are now) we will see 1.04 area or higher. I'm a patient guy, waiting to Sell U/C as close to 1.05 as possible. Holding a ...

USD/CAD

Patience, it takes time for a turn about.. Personally, I think we may touch 0.9980 area. As mentioned in a previous post, when you have a sharp drop (or rise) the momentum tends to keep the price going in the same direction at least until the next ...

USD/CAD

If price breaks support at 1.0060 level, next stop will be 0.9980. With the news following in the week, depending on the outcomes, it could be possible to see 0.98 or lower or 1.03 or higher.. Venn, that 4hr chart has way to many lines on it for me ...

USD/CAD

That's what I am thinking as well, with the sharp drop off this morning, just on impulse should take down below 1.01. Still more news to come this week, so If your not already in a trade, I would suggest sitting it out until the dust settles. Price ...

USD/CAD

If anything it will go up.. do not expect a rate drop anytime soon

USD/CAD

Hmm, well I been at this for several years and news and events are just noise, stirs price up a bit and then when it settles, tends to resume where it was going. Trying to trade news and events is a good way to lose your account..

USDCAD trend reversal?

U/J has been contained the last while with-in 100-150pip swings from 76 to 77.5ish area. The run down is coming from the G/U.. If 1.550 doesn't hold, then 1.5300 would be the next level, so 116 is what I might expect next, followed by the ...

Daily GBP/JPY analysis

That is what I am thinking as well

Daily GBP/JPY analysis

Hey MPT, where do you read information of big sell or buy orders for that matter? Another source of information is always good. Price is dropping, I am thinking we will be seeing a new all time low in the 116 region. Next support for the G/U should ...

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

Summer holiday Volume... next week things could get interesting I'm in for a small long atm

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

Personally, I am waiting to touch parity or close to it to short it. Price is struggling to get and stay above the .9930 area, which has been significant support in the past, now seemingly turned resistance. have a good weekend!

USDCAD trend reversal?

Not a bad idea, G/U is back near what traditionally over the last couple years is decent resistance. I closed my G/J longs and am out waiting to see what shes going to do. would like to see a nice retracement to the 123 /124 region to get long again

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

I assume you mean 126.35... I am thinking to do the same thing, holding long since 123.48.. Was thinking we might get to 128 region but that might just be wishful thinking. The rise is coming from G/U which in my opinion looks like it has another ...

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)