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Thread: USD.CAD

  1. #161
    Legend peat's Avatar
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    and then proceeded to be somewhat bullish as the wedge suggested [?] no complaints here tho. just forex keeping me humble heheh.

  2. #162
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    the hourly keeps bouncing off the cloud tonite

  3. #163
    action-reaction arco's Avatar
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    Re Posted - 28/11/2006

    OK that was definately yer Xmas prezzy for this year....at least +250 pips anyway.

    Please send Johnny Walker to the usual address

    arco

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  4. #164
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    Thanks Arco will be sending Johnny over shortly with
    cash box in hand for purchase of THE Book and the balance into the Arco Hedge Fund:


    Thanks in advance
    Cadet Roddy



  5. #165
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    could we see a pull back in this pair?



    cheers cadet



  6. #166
    action-reaction arco's Avatar
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    Hi Roddy

    Yes quite possible in the near future.

    I have 2 Butterflies on my chart and they are more proportioned. Have another look you will see what I mean.

    regards - arco



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  7. #167
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    Hi Arco,
    heres one, i havent spotted the other one yet, can you tell me where X is for the second


  8. #168
    action-reaction arco's Avatar
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    Hi Roddy

    Yes, that new chart is the larger overall BF, and the other one which gave a nice short was 17/10 to 21/11, but you can also get a slightly mishapen one from 21/11 to current. It ties in nicely with the large BF to give double the reversal power (eventually) IMO.

    regards - arco





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  9. #169
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    crab meat anybody,
    roddy

  10. #170
    Legend peat's Avatar
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    I posted this on another forum last night Roddy

    Auckland peat 10:56 GMT June 13, 2007
    the low of USD/CAD at 1.0548 was (within 10 pips) of the perfect 423% fib extn of 1.1875 to 1.1564.
    It bounced a bit at the 261.8.% ext at 1.1061 , but having passed on through that without retracing sufficiently imo it vastly increases the chances it should go back there and retest. i.e retrace 38% of this entire move from 1.1875 - 1.0548

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