closed +50 MACD is turning down and this was a scalp type trade.
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closed +50 MACD is turning down and this was a scalp type trade.
Bit miffed my long at 1010 just missed be taken
for a nice ride. I was just toooo greedy I guess [:0]
Always a chance the action may force through the Kumo and enter the Blue Box area.
Less amazing things have happened, but just waiting for that magical reversal signal before pouncing ;)
http://www.khalsaspad.com/files/112906_usd.cad.gif
regards - arco
already had a bit of a smackdown...
Hi Peat
Yes, thats a weekly chart, so patience may be required
for the possible reversal pattern to appear.
Possible Gann around 1292 may assist, and I will be doing
a little more contemplating tomorrow once I get the EOD candle.
regards - arco
Hope a few day traders/scalpers took advantage of
the Gann support I mentioned and grabbed circa 90 pips.
Thanks Mr Gann - you've worked your magic again.
no , but I did retain the 30 pips I got on the way down thanks Arco getting out at 98 after your mention of the Gann.
For Gann Fans
Looney went on higher to give a max of 140 pips so far.
arco
With ya Arco, but was a bit late entering long , so its only a small positive so far.
The Ichi on the 1 hr time frame never broke , last I looked.
The strength on the USD in this cross is rather contrary to USD everywhere else. Strange? I thought it would be more similar to AUD or NZD, you know, as in commodity currencies (and hence down) but evidently not.
a bullish falling wedge over the last 18 hours.
which it verily proceeded to smash through on the downside [:I], and pretty much immediately reach the obvious target distance = the verticle edge of the aforementioned wedge.