Shorted the EUR/GBP tonight Sold at 0.9187 Stop @ 0.9305 Target 1: 0.9142 Target 2: 0.9080 Happy Trading!!!
The Dollar versus Loonie pair surged to the upside to breach the key resistance at 1.0765 and halt at the 61.8% correction to record a similar top to the one seen earlier on September 21, which may be the beginning of the formation of a bearish technical patter with a neckline at 1.0675. From here we expect the pair to decline on the intraday basis; targeting the neckline, where the overbought signals on the stochastic indicator are supporting our overview as far as 1.0990 is intact. The trading range for today is among the key support at 1.0400 and the key resistance at 1.1040 The general trend is to the downside as far as 1.1870 remains intact with targets at 1.0300 [actionforex] "P&F USDCAD5 Box Size 10X3 or(0.28%) HI/LO Data 1.0991 - 1.0671 <Month ~ 7.25 Day Database 1500 records 1.07958 (Last Close) 2009-09-25 16~55 2009-10-02 22~55 (GMT+01:00) Paris BJF Trading Group" 1.1000|~1O|||_______________________________________|-0.08%|3.08% 1.0990|~2O|||___X___________________________________|0.01%|2.99% 1.0980|~3O|||___XoX_________________________________|0.1%|2.9% 1.0970|~4O|||___XoXo________________________________|0.19%|2.8% 1.0960|~5O|||___XoXo________________________________|0.28%|2.71% 1.0950|~6O|||___Xo_o________________________X_______|0.37%|2.61% 1.0940|~7O|||_X_X__o________________________Xo______|0.46%|2.52% 1.0930|~8O|||_XoX__o________________________XoX_____|0.55%|2.43% 1.0920|~9O|||_XoX__o________X_____________X_XoXo____|0.65%|2.33% 1.0910|~1OO||_Xo___o______X_XoX___________XoXoXo____|0.74%|2.24% 1.0900|~11O||_X____o______XoXoXo__________XoXoXo____|0.83%|2.15% 1.0890|~12O||_X____oX_X_X_XoXoXo__________Xo_o_o____|0.92%|2.05% 1.0880|~13O||oX____oXoXoXoXoXo_o__________X____o____|1.01%|1.96% 1.0870|~14O||o_____oXoXoXoXo___o__________X____o____|1.1%|1.86% 1.0860|~15O||______oXoXoXo_____o__________X____o____|1.19%|1.77% 1.0850|~16O||______oXoXo_______o________X_X____o__X_|1.28%|1.68% 1.0840|~17O||______o_oX________o________XoX____oX_Xo|1.37%|1.58% 1.0830|~18O||________oX________o________XoX____oXoXo|1.46%|1.49% 1.0820|~19O||________oX________o________Xo_____oXoXo|1.56%|1.4% 1.0810|~2OO||________oX________o________X______o_oXo|1.65%|1.3% 1.0800|~21O||________o_________o________X________oXo|1.74%|1.21% 1.0790|~22O||__________________oX_______X________o__|1.83%|1.12% 1.0780|~23O||__________________oXo______X___________|1.92%|1.02% 1.0770|~24O||__________________oXo______X___________|2.01%|0.93% 1.0760|~25O||__________________oXo______X___________|2.1%|0.83% 1.0750|~26O||__________________oXo______X___________|2.19%|0.74% 1.0740|~27O||__________________oXoX_X_X_X___________|2.28%|0.65% 1.0730|~28O||__________________oXoXoXoXoX___________|2.37%|0.55% 1.0720|~29O||__________________o_oXoXoXoX___________|2.47%|0.46% 1.0710|~3OO||____________________oXo_oXo____________|2.56%|0.37% 1.0700|~31O||____________________oX__oX_____________|2.65%|0.27% 1.0690|~32O||____________________oX__o______________|2.74%|0.18% 1.0680|~33O||____________________o__________________|2.83%|0.08% 1.0670|~34O||_______________________________________|2.92%|-0.01% Column|~35O||273843159944354543171633553131366413565| Count|~36O|||______4___________9_1______4_O____2_____ PDF
Thanks MDunleavy. Is there something you may want to say about my trades, or is there a journal someplace where traders can go to see your insights into the market? {Just trying to see how the USD/CAD fits in with my last post, the profitable EUR/GBP trade.}
Looking at the Loonie I have an order to sell at 1.0630 Stop at 1.0830 Target 1: 1.0430 Target 2: 1.0280 Happy Trading Y'all!