First forex book I ever read: Rhagee Horner's "Forex Trading for Maximum Profit" The 34EMA HLC known as the "Dave Wave" from one of her students

Wave Trader

As I stated here, this still seems like the perfect fundamental storm and time for that ascending channel to finally be broken to the upside. Rarely do prices go up in a straight line, but UCAD has proven time after time in the past that it can be ...

USD/CAD

Asian session, not much to be expected at the moment. Likely not many buyers at this level. On the flip side, who wants to be holding the Loonie over the weekend as commodity currencies have started a bit of a sell off. Oil still drifting lower, off ...

USD/CAD

Potential retracement on oil to 47.50 would add fuel to the UCAD fire. Tomorrow's Canadian CPI and retail sales print will be interesting. Anything less than expected could send UCAD to the moon. Of course anything is possible. At the moment UCAD is ...

USD/CAD

My view on oil. Potential retrace to the 47.50 area Daily bearish engulf and divergence.

Oil and Natural Gas

As I suspected we have lift off. It seems the Canadian bacon was a tad over cooked. Oil selling off a bit, sentiment changing. London has spoken and New York agrees. I'm glad you didn't get short

USD/CAD

Could the writing be on the wall? 1) Oil up over 20% since September 20th while UCAD is basically at the same price it was at that time. Oil/UCAD correlation breaking down for now. 2) Oil producer's increasing their hedge short while speculator's ...

USD/CAD

AU tends to correlate strongly with CAD. Initial CAD explosion after the rate announcement likely got the ball rolling for the Aussie. Cad follows oil, although that correlation has broken down a little bit recently. US inventory massive 7 million ...

AUD/USD

Agree. Simple and clean, any pair, any TF, and as you say, easily filtered. Got my 30 pips on UCAD.

Up and under price pattern

Hello traders, first post here. I have recently started stalking this pattern. For me this fits the Quasimodo parameters, but any comments are welcome. Long UCAD @ 1.3082 SL 10 pips TP 30 pips Confluence: roughly 61.8FIB and Daily 200EMA Cheers and ...

Up and under price pattern

Thank you and good trading to you. I have been working feverishly all week (about 50 hours of screen time). I tweaked the entry rules a bit an have come up with a nice EMA cross filter. This is really exciting to me as the trading this week was ...

New System Test: RENKO 7

Thank you. Indeed, trying to weed out set ups that are too subjective. Still studying and looking for another piece to the puzzle. As in my last trade, a UCAD fail. A good example of my over trading and trying to force a set up that didn't truly fit ...

New System Test: RENKO 7

Set ups that don't meet requirements:

New System Test: RENKO 7

Of course everyone is a hero in hindsight, but here is the dragon showing a good example of what we are looking for in divergence and double tops. Fairly strong move into the classic bullish divergence, nearly 80 on RSI, good retracement between ...

New System Test: RENKO 7

Agree, and that USD/CHF set up should probably be scratched from the plan. The double tops seem to behave a little different, although I have noticed that longer and stronger moves into double tops seem to have the most success. I have been ...

New System Test: RENKO 7

Hello and thank you for posting. Sorry for the delay in responding, I just saw your post. The trades you posted that would have been losers are not trades I would have taken because there wasn't any real retracement. The second one would not fit my ...

New System Test: RENKO 7

So far this experiment/test has been exactly what I needed. Even though only a demo account, sticking to the rules has been a refreshing experience. The first day or so was a horror show with nearly every trade but one failing. However, instead of ...

New System Test: RENKO 7

double bottom trade taken

New System Test: RENKO 7