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Thread: USD.CAD

  1. #171
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    Hi Peat

    thats a coincidence,i overlaid your fib ext and see exactly what you mean,so are you long this one at present?

  2. #172
    action-reaction arco's Avatar
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    Roddy

    My thoughts are/were CAD to be a short.

    1.0742 is a major Gann line (heavy resistance was expected)
    The action has already tested this Gann line and eased back.

    regards -arco





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  3. #173
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    Hi Arco
    thanks for that,will stand aside for the moment then

  4. #174
    Legend peat's Avatar
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    quote:Originally posted by roddy

    so are you long this one at present?
    no. its a theoretical stance only [8)]

  5. #175
    action-reaction arco's Avatar
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    Roddy

    There may be a trade to be had depending on your time frame, so may I suggest to keep your options open.

    The Bollingers are currently tigtening on several time frames so keep an eye on those and you may be able to trade a break in whatever direction the action breaks away.

    That would be one way of approaching the current situation and would allow for a very tight stop.

    regards - arco







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  6. #176
    action-reaction arco's Avatar
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    14/6

    My thoughts are/were CAD to be a short......1.0742 is a major Gann line


    Its taken awhile to get there but a major sell off yesterday gave
    the opportuninty to grab 250 pips on the further fall.

    The white Hammer/Harami on todays EOD chart looks interesting...

    Good weekend all- arco



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  7. #177
    action-reaction arco's Avatar
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    Could Loonie be in a basing pattern???

    Weekly chart shows good divergence.

    No position presently.
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  8. #178
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    following closely your possible cad trade arco, getting close to cross on macd and stoch on daily

    bollinger band contraction

    support 10470

    is it advisable to second guess oscillator cross or wait untill prints , i suppose a day in forex land is a long time and that cross could easily come unstuck

  9. #179
    action-reaction arco's Avatar
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    DA

    Crossovers are just a message that something may be about to happen,
    but dont count on them 100%. Confirm with other indicators (but not
    too many - that can be just as confusing).

    Recent observations.

    The Q Stick on my Loonie chart seems to be following an EW pattern
    currently a,b,c perhaps.....now that interesting.

    Circa 1.0476 has held support now on 8 days through August.

    rgds - arco
    Last edited by arco; 10-09-2007 at 06:55 PM.
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  10. #180
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    further weakness in usd looming ??
    Last edited by dumbass; 13-09-2007 at 09:37 AM.

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