Nice long! EUR/USD really made a nice move! I managed to around when German bail out Greece rumour hit the wires. Shorted USD/CAD at 1.0755 and rode it to 1.0680. Then this pair reversed when German gov't spokesperson said rumour was "unfounded". ...

USDCAD trend reversal?

haha!!! After that interception in the 3rd? or was it 4th? Whatever. They just kinda gave up! My buddy thinks the game was fixed as a lot of calls were shady and the announcers who are usually all over these kind of calls were quiet, eerily so... ...

USDCAD trend reversal?

Let's add to that an inside day, which can denote either indecision or in a prolonged uptrend especially near resistance that the rally could be strating to fizzle and a reversal could be in the making... I have a small bullish bias despite the ...

USDCAD trend reversal?

Foto, Interesting books! The one by the ol' general sounds quite interesting, and Reminiscences of a Stock Operator was a great read! Just a note on MAs, when using 200 day plus MAs you might want to consider using EMAs vs. SMAs just due to the way ...

USDCAD trend reversal?

I hear that son! I was having dinner and just happened to take a glance at the charts and caught the SNB intervening in the EUR/CHF. Managed to ride that gravy train from 1.4698 to 1.4807 in a matter of a couple minute. A happy camper here! Couldn't ...

USDCAD trend reversal?

Just looking pack at some of the posts, and Foto - thank you! I was trying to remember the other "i" in PIIGS and it's Ireland. I need to edit my post to reflect that is should be PIIGS not just PIGS! Genius!

USDCAD trend reversal?

No kidding! THe nikkei opened what, 200 point lower than yesterday's close and now sits around 3% lower. Risk aversion seems to still be spilling over into Asia.

USDCAD trend reversal?

What a day! Post-ECB we saw USD soar as good ol' risk aversion reared its ugly head. Oil and gold both got sold off with gold an astonishing 49 bucks lower! Equites got pimp smacked and the indices were 2% or more lower. Looks like the focus on ...

USDCAD trend reversal?

Gotta take what you can get and 10 pips is 10 pips! I gotta ask, though; what made you go long at 1.0621? Seems like an odd place to get long at... Just my thoughts on that, so please don't take any offense. Cheers Veng.

USD/CAD Trading Room

After reading everyone's replies I have nothing to add other than well said! Cheers

(False) Breakout & Trend Reversal Strategies??

Hey Quant, Despite anyone's analysis, if you are happy with your idea and have valid reasons for shorting, go for it! I might adjust the target to 1.0470 area which coincides with the daily low from Jan 22nd and 50% retracement of the run up from ...

USDCAD trend reversal?

Scare, you are too kind! Sounds like someone is trying to get some 'real' Canadian poutine shipped down to them?!?! Keep it up and that just might happen... haha I'm sitting out on this pair at the moment as things are a bit too range bound ...

USDCAD trend reversal?

Amen to that!

USDCAD trend reversal?

Well I'm or was with you both. Got short at 1.0680 was happy to see the USD drop down to the 60s and then it came right back up fairly quickly...Watched the PA for a bit and didn't like what I saw so I got out with a 1.4 pip profit! haha Well at ...

USDCAD trend reversal?

Hey Scare! Been busy at work, etc. See you've been busy here. I agree with the fact risk aversion appears to have risen from the dead and USD is looking like the place to park your cash, at least this week... Overall I'm feeling pretty neutral on ...

USDCAD trend reversal?

State of Union Address — Interesting to note he focused a lot more on domestic issues than intn'l as he did in his inauguration speech...Reminds me of of a tele-evangelist when he gets up on his podium and preaches to the masses. Anyone else ...

USDCAD trend reversal?

Hey Neo, you get stopped out yesterday afternoon? Must have been pretty close either way...

USD/CAD Trading Room

haha Yup. Beavertail cures anything and everything, and thanks! Gonna head back to bed soon...And although I really hate leaving trades unattended, I just can't be assed to care. Not too worried about a few hunder dollar loss at worst case...I ...

USDCAD trend reversal?

I got short at 1.04674 with a SL at 1.0498. Where'd you get in? Does look like it's finding some support in Asia...However, gonna throw a TP at 1.0420 and see what happens. After the run up today, I figure it's do for a bit more of a pullback, but ...

USDCAD trend reversal?

Hey Scare! Agree with you on this one. Dailes have been oversold for a while now, and looks like EZ fears etc. have helped the USD with a nice correction. How much life does it have left is the question...? I think 1.0580 (prior battle zone) is the ...

USDCAD trend reversal?