USD.CAD

[dumbass]

morning arco , closed out this morning for 90+

i reckon its got a run to at least 105 but there's a bit of resistance here

hopefully short higher up on monday

im not sure if this is a precursor to a rally in oil , kind of surprised in seeing such a

big move down in usd cad when oil moved lower

hopefully with an oil rally this could really move seriously lower

never applied elliot to nz stocks but nzo is text book

5 waves down 1 = 5 and 5 = 61.8 1-3

shooting star on trendline looks a little ominous

anyway thats enough of that otherwise i'll get in trouble from peat for incorrect use of a thread

have a good weekend , off to the beach up your way

[arco]

Bring your thermals or a sheepskin jacket.......its a bit nippy out there.

Looking at the oil chart I posted there seems the possibility of another rise before a fall. Plus the action being on the 200 sma with a daily Hammer looks interesting.

[peat]

Bring your thermals or a sheepskin jacket.......its a bit nippy out there.

You're on fire Arco. Surely you're keeping warm even in shirtsleeves!

I did actually take out a reasonably large possie for me on Fri night with USD/CAD and also got +90 for a 1/4 of it. Will now move stop to break even and hold. Well done guys.

[arco]

Update

First position hit target +100

Second position still running +50
............and now trailing the stop

arco

[arco]

Update

Just closed the second trade +61 pips

.............now a nice red wine beckons, with Mrs A's famous curry chicken.

arco

[dumbass]

good night , usd bearish sentiment paying dividends longs on eur and gbp for a good few

short usd cad again theres a nice down trendline being respected on h1

im picking oil may be bouncing which should help it lower 70 +

[arco]

.

There might be a bit more juice in the advance before we see the fall.

The current plot looks a bit like a bull flag, and if that is the case could possibly take the action into the green box area before reversing. Notice the oscillator has also crossed over bullish.

I've penciled in a possible BF (Red).....although it cant be confirmed until it actually prints.

Plan of attack.
Watching for a potential reversal pattern for a move north - which could give circa 150 pips

GTA - arco
.

[dumbass]

good night , usd bearish sentiment paying dividends longs on eur and gbp for a good few

short usd cad again theres a nice down trendline being respected on h1

im picking oil may be bouncing which should help it lower 70 +

stars aligned , dollar weakness and oil rally

closed out this am

2 posn eur 150+ 200+

gbp 150+

cad 200+

gl see you next week

[arco]

Morning DB

Yes some very nice moves over night. Didn't have a Loonie position, but Euro, and others headed in the right direction to make a good weeks count.

rgds - arco

[peat]

Elliot wave view (weekly)

The recovery from the November low is a wave 4, and is approaching key resistance 1.0867. Ideally a top forms at or below that level and is followed by an eventual move to new lows below .9059 in wave 5. However, if 1.0867 is exceeded we would have to entertain the idea that a major low formed last November and that a much larger advance lies ahead