USD.CAD

[dumbass]

the following charts are for usd cad trade

a high risk trade going against a big wave down

in 5th wave

as 3rd has extended i was expecting 5th wave to be similar size to first wave allowing for a 127 overrun of first approx 95.80
expecting bounce of q stick trend line again printing another divergence
butterfly on hourlies

stop loss below 261 of abc correction of previous wave 9480

target 23.6 of impulse wave down 98.50 ish

not at all going according to plan but still expecting a rally

[arco]

Loonie appears to be in an ABC correction and therefore may at least try to test the Kumo resistance, which could give 300+/- pips after the B leg is complete/confirmed.

Also, depending on the ascent angle it could even carry on further and surf the Kumo looking for a way through.

Kumo angle is quite steep now and begging to be tested by the Great Northern Diver.

arco

[arco]

Nice start - the bird has flown (north).......

................currently + 105 pips from chart post.

Awaiting the Reuters EOD to see how the land lies.

GTA - arco

[arco]

Take is approaching 400 pips now from this Ichi trade....with the high reaching 1.000 overnight and the action well into the cloud. (Daily Spot chart)

[arco]

Loonie appears to be in an ABC correction and therefore may at least try to test the Kumo resistance, which could give 300+/- pips after the B leg is complete/confirmed.

Also, depending on the ascent angle it could even carry on further and surf the Kumo looking for a way through.

Kumo angle is quite steep now and begging to be tested by the Great Northern Diver.

arco

The bird has broken cloud............................

[dumbass]

possible short

divergence q stick

hit trend line and fib levels jan and aug tops

spinning top

wave 2 retracement may provide good low risk entry sl 1.02

[dumbass]

enterd at 61.8 retracement to 10140 low risk entry sl 102

[peat]

just playing a little triangle breakout here.... maybe a 40-50 pip target with stop loss at breakeven already.

[arco]

Good Luck Peat.

Our month long Ichi trade has resulted in circa 650 pips so far
- reasonable return for a sit tight and hold strategy against the trend.

Looking at the 4 hour there is a potential BF in the making,
and somthing similar on the daily. So it may be possible to
squeeze a few more pips on this if these pan out.

Perhaps some resistance ahead 1.0360 area.

GTA - arco

[peat]

ah yes I realise i'm just riding the end of your coat tail there arco, but still just trying to play atechnical setup for a few safe pips. already closed one plus 20 which can mean the other one can breathe a little more.

seconds later....got stopped oh well... it was overall postive if not a lot.