I'm leaning toward a sell, down .9520, possibly .9485 Cheers

USDCAD trend reversal?

I too am looking to sell, but will wait for a retrace, .97ish would be nice. I just don't have the "guts" to short what could be a bottom.. Cheers

USDCAD trend reversal?

The U/J may be in a bull trend for now (that said, it could still be in a down trend untill a break of 86 area), though the G/U looks poised to drop.. 160 is a long ways off from here, maybe as a swing trade provided you can get in at the right ...

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

well my analysis was half right.. to bad for me that I have a rule that I can not trend in the direction of the trend if price is with-in 100 pips of support/resistance. Small longs a little under water going into the weekend but not overly ...

USDCAD trend reversal?

0.9630 could be on the table.. or a retrace back to 0.9800 I'm long @0.9691 with buy limits waiting below at 0.9670 and 0.9640 News may already be priced into the loonie, so its hard to tell.... Side note - Bank of Nova Scotia is forecasting the ...

USDCAD trend reversal?

Ah the loonie can be a tough bird to trade.. As the CAD is tied so closely to the US, there are alot of times when it does exactly the opposite of what you would expect.. Bad news in the US often makes bad news for the loonie, when you would think ...

USDCAD trend reversal?

ah its been a long time since I've been able to scalp over 250 pips in 20 minutes.... sweet. So much for BoJ intervention earlier in the week.. That said, expect it when you don't expect it.. cheers

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

Just a question, does the bearish bias take into account, the BoJ intervention? In past interventions, at minimum we've seen a 400 pip rise over a week or so.. compared to yesterdays 200.. If there wasn't the tragedy in japan, I would no doubt ...

USD/JPY Discussion

Are you expecting the Yen to further strengthen, or the euro and the pound to drop? please expand.. Cheers

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

Nice rounded bottom forming, and price is approaching the long term trend line started in March 09. Price was unable to reach last weeks lows, actually a pretty quiet week bouncing from 0.9930 to 1.0000. Close above parity today could signal a ...

USD/CAD Trading Room

Its even better in my pocket!! Long or short, I trade what i see.. I believe we are near the bottom, its just a matter of time now, so I will keep attempting to buy it Still holding longs from 0.9847 and 0.9901.. No rush.. they are free trades ...

USD/CAD Trading Room

Trend lines are great till they break

USD/CAD Trading Room

could this be accumulation for another leg higher? Price has tested .9930 area several times and has not been able to reproduce the previous lows.. 1.0020 area to breach and then on and upwards.. 1.0070, 1.0160, 1.0230.... Might be wishful thinking ...

USD/CAD Trading Room

400 pips? how is that possible when its only dropped 220? and has retraced another 60 or so.. Simple to just close it and take the loss.

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

Well my long got stopped just over BE, another long picked up at 0.9903. The US economy is recovering slowly, the Canadian economy is holding its own. In order for a big move south there needs to be a catalyst to do so and at the moment I just don't ...

USD/CAD Trading Room

I hope it plays out I'm committed to long atm, from 0.9930 and will add on a break and retest of 1.0015 Funny thing about the U/C is that sometimes good news for the USD translates to good news for the loonie as we saw yesterday. Lets see ...

USD/CAD Trading Room

No one can ever really be sure if it is a fake down move or not, you just have to trade your system and your beliefs using proper MM. One point is that price can only go down on low volume. With the absence of volume in the market, I see this as a ...

USDCAD trend reversal?

Personally, I'm not too concerned, the last 2 - 2 1/2 weeks has been low holiday volume. Big money driving the price lower to get in at a discount IMO, something like 75% of retail traders are long on the loonie, so I would expect them to run the ...

USDCAD trend reversal?

I wouldn't be surprised to see a low volume shake out down into 0.98xx. Big money is running the market atm...

USD/CAD Trading Room

I'm with you, Sell limit picked up at 0.9985.. looking to .0240 first and then see if .0360 is on the table. Of course couple of minor resistances .0070 and .0160 on the way. not much in the way of news, so price was floating down on low volume, ...

USD/CAD Trading Room