USD.CAD

[Xerof]

Gann last seen heading in this direction Arco



Home James ... and don't spare the horses, (and be sure to swat those cursed butterflies)

[arco]

Excellent Xerof you have nabbed the Red-spotted Purple.

I'm still reaching for the green...... but are you aboard the Maple Leaf express?

-23....the suspense

arco

[Xerof]

'Yes, well, go on then' he says, 'driver - follow that gartley'

All aboard the Loonie - North to Alaska on the 11717

[peat]

well your actually aboard the $ arent you[]
i liked the chart so much i've joined in at 1.1729 , will try to be strong and give it some room to round up the troops ,

[Xerof]

Yup Peat long$

mush mush

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s/l at 11670 for me, just below gartley turntable

hearing oil insiders selling the rally last 24 hours - the rally in black gold I mean

Xerof

[peat]

nice one guys... seems like it went beserk almost immediately while I snoozed
closed out at +102

[arco]

Morning Peat - I did say Maple Leaf EXPRESS

This is a move I've been waiting for for some time. I did mention the possibility of a reversal on 12/9 and again on 10/10 showing the chart. Ain't it just great when a plan comes together.

Our friend the Looney has a good correlation to oil, so heres the set up and why you might be able to fill up your tank a little cheaper in the short term.



arco

[arco]

Minor Gann at 1841 could be affecting progress in the short term.

arco

[Xerof]

So Arco, on your weekly butterfly reversal, do you look to target the major fibs, like .618%, which in this case would be 1.2100?

On my 360min Gartley reversal, we've already tested the 1.272% extension level near 11850, somewhat better than the typical .618% target.

Some expert guidance on how to identify targets would be gratefully received, but I guess it depends on timeframes used to identify the patterns

Xerof

I've raised trailing stop to 11770, just below the broken trendline resistance drawn across last two highs on 360 min chart

[Xerof]

Re Oil chart - a very nice 'return to the neckline' last couple of days, in preparation for the decline to mid 50's[][]

Gives further comfort to USD/CAD trade, given high correlation