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- Rknigh2 replied Nov 10, 2012
That short term rising wedge specifically. But I have the same areas noted as major resistance too. The positive US and CDN trade numbers made me a bit nervous. Also now China has had a positive surprise too... Could see a move down under parity ...
- Rknigh2 replied Nov 9, 2012
That was a great set up. I was in a little early yesterday at .9970, but that rising wedge couldn't have played out any better. I was anticipating a break of the 1.0020 high and had my TP set at 1.0050. So I missed the take profit at 1.0021. Holding ...
- Rknigh2 replied Nov 7, 2012
Well I jumped the gun and added at .9930. Then they announced the Obama projection and added the other half at .9900. TP got hit at .9965, so a nice 50 pip day. Agreed, very headline oriented I am expecting. I would speculate a slight edge in long ...
- Rknigh2 replied Nov 2, 2012
Geographic north? I'll add longs again at .9910 to .9850... depending on how long it takes to get there.
- Rknigh2 replied Nov 2, 2012
I wish trading the news was always that easy! Love the spinning top at the 50.0 Fib level. image We're still in the medium term bull channel. Important levels being the familiar .9900 zone (and middle of channel) as well as the tough .9850 S/R ...
- Rknigh2 replied Oct 18, 2012
Reaction to US jobs and maybe some correction for yesterdays "risk-on" gains? Providing some opportunities for good prices to get back in. Added another partial short at .9825 U/C.
- Rknigh2 replied Oct 17, 2012
Wow, that's a serious daily bear candle. Alas, the price is still contained within the medium/short term bull channel. So if you're bias is long, this isn't a terrible spot to add to the position. image The long term bearish pennant is still ...
- Rknigh2 replied Oct 17, 2012
Just have to get someone with access to interbank fx orders
- Rknigh2 replied Oct 16, 2012
That's the way flag patterns should always work! Just barely missed my TP at .9880, I'm out at .9870 now. I don't think we have enough momentum to break that tough .9880 resistance. We'll see what market open brings, placing buy orders between ...
- Rknigh2 replied Oct 15, 2012
Yes the BOC outlook should be interesting. Domestically I think we'll hear some hawkish tones, North American markets are building confidence again (positive housing, job numbers, manufacturing, and now retail). But they won't be able to discount ...
- Rknigh2 replied Oct 15, 2012
Well... small position for me haha. Pretty looking bullish flag. The lower highs make me nervous, although we're still contained within the short term bull channel. image
- Rknigh2 replied Oct 15, 2012
Good US retail sales. U/C seems unaffected. Small 10 pip move so far. We're at the bottom of the short term bull channel (1h chart), so a partial long isn't a bad idea at .9770.
- Rknigh2 replied Oct 10, 2012
Well we're now bumping up against the top of the descending trendline and well within the bear channel. Also a potential bearish flag pattern has developed, which may, at the very least, signal taking some profits off the table. Having said that, ...
- Rknigh2 replied Oct 8, 2012
Pretty looking head and shoulders pattern too though... Might be time for that neckline to break.
- Rknigh2 replied Oct 6, 2012
So I have a partial position from .9760 (a little too early). But not a terrible set up either into next week... Chart: USD/CAD 4H Long or Short: Short Entry Point: .9805 (1/2 position) and .9850 (1/2 position) Stop Loss: .9890 Profit Target: .9735 ...
- Rknigh2 replied Oct 5, 2012
Previous support/resistance at .9730's looks to be holding right now (38.2 fib level also). Would like to add another short around .9760 (50.0 fib level).
- Rknigh2 replied Oct 4, 2012
Take your black magic elsewhere!!! Dead threads should stay dead!
- Rknigh2 replied Oct 4, 2012
Yes, if the FED hints at more easing the daily candle is going to one monster of a red bar.
- Rknigh2 replied Oct 4, 2012
Bottom of the bull channel and 38.2 fib level should be some considerable support around .9825 if we continue to break lower through .9850.
- Rknigh2 replied Oct 3, 2012
Waiting for the ISM data. Good employment numbers and positive manufacturing could put us right back into the .9800-.9850 range and a better long price. We'll see...