on this one Peat. Averaged in overnight but took out half profits at 0763. Waiting for another entry.
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on this one Peat. Averaged in overnight but took out half profits at 0763. Waiting for another entry.
usd cad waiting for a fifth wave to complete and then should be an excellent long.
there is a lot of harmonics going on around 10430 area which will be a good place to look for a reversal signal giving a long entry and big pips.
http://iforce.co.nz/i/yvirsvgq.jpg
U turn on the hourly in the making ?.
Cheers
miner
looks promising for another run up on usd cad
im scaling in some longs from here as a 3 wave correction on 5 waves up has nearly completed.
DA I was put off by the bearish engulfing candle on the daily.
yeah got a nice bounce of that reversal area but got stopped out on trailing for a nice loss.
usd cad looking bearish and with it a bullish equity outlook.
curious to know peat what elliot wave is saying about equity markets looks like i timed my exit pretty well
The blue-chip stock indexes are close to completing their respective countertrend rallies from February 5.
(but they always say that)
might be a better opportunity now with a doji y'day and a possible bullish engulfing today
.
One of the trades on the blog last week for maximum +234 pips .
Previously the first leg was also alerted off the yellow Chikou zone for maximum +195 pips
http://i38.tinypic.com/imtseu.gif
We scored a maximum of +554 pips overnight on 4 trades - here's one on UsdCad (The others were on Euro, Kiwi and Aussie)
http://i36.tinypic.com/ezn2gh.gif
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It has been a big few days
Attachment 5298
Time for a correction?
Attachment 5299
There could be volatility in the short run. USD should be a 2014 winner. It could be a winner in 2015 as well.
My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions.
So it will go up AND down? yeh I guess you're right depending on time frames.
Put your ass on the line man, otherwise you cant be a MARKETWINNER.
I believe that it will go down (before it goes up) and the downward facing orange triangle represents my position.
Excellent opportunity for buying CAD with NZD right now.