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jack.canadia replied May 12, 2009I like to trade both directions, but countertrend only on a quality setup. The reason I say it could go as high at 5660/5700 is because thats the next high after 5350. Just goes along saying that if price breaks one support/resistance, it will ...
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jack.canadia replied May 12, 2009I see alot of people on here focusing on the news and such. I'll tell you right now, trading the news is a sure way to make you lose. Ever wonder has sometimes the reaction to news is, for example, a sharp drop followed by a large rise in price (or ...
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jack.canadia replied May 12, 2009Did not see that big rise coming! Stop out for some profit on a short from last night. Heres a larger view of things. Based on the level it met today I am looking to short a retrace back up to 5280/90, or even toward 5350. Beyond there the next stop ...
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jack.canadia replied May 11, 2009I still favor the short side and am currently holding short from 5170. Target 4950.
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jack.canadia replied May 11, 2009I cant pm on you on here? i want to take a look at your indicator.
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jack.canadia replied May 11, 2009Here are some short targets if a break out of the channel occurs and holds. 38.2 and 50.0% levels coincide with support. 50%/larger trendline looking tasty to long off of.
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jack.canadia replied May 11, 2009I think its being accepted now that anything negative directed at the gloabl economy in reference to the global resession favors the USD, regardless of who says it.
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jack.canadia replied May 11, 2009Seems we have an hourly close below 5100 and price is being pushed down by the hourly 21-ema. Could spark further weakness, technically speaking.
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jack.canadia replied May 11, 2009Here's a 4-hour chart. Minor trendline, and a major one from back a few days. If the minor line breaks, I do not see why price will not go down to touch 4930/50. This level is prior resistance/support, a 38.2% level and weekly support 1 at 4948. If ...
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jack.canadia replied May 11, 2009Keep in mind these are not exact .. I try to look for overlap between these and say a Fib level or support/resistance.. below is an example. This was the trade call I made earlier. First of all, I saw that we broke below 5155, an area you can see ...
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jack.canadia replied May 11, 2009UB, Here are some shots of the indicators. Daily pivots on 15-min and hourly chart Weekly pivots on 4-hour chart Monthly pivots on daily chart (change this setting under the 'visualization' tab in the indicator) I color the pivot magenta, supports ...
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jack.canadia replied May 11, 2009I love Toronto, but I live about 4 hours away!I am near the ontario/detroit michigan border with the US.. My bias for now is still down but the short/medium term bias is up (based on daily charts). As said earlier the DOW and S/P 500 are due for ...
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jack.canadia replied May 11, 2009Hey prime, I use a daily, weekly and montly pivot indicator for MT4 .. And for support and resistance I just look at the chart. Ill post a chart later showing how i identify a level
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