Ivan's Trade Thread, part II

cable-

Much appreciation for the website. Looks like a corr of -58.... so it's borderline at best.

 

EURAUD short

Coming up against the 4hr 7x5 and 3x3 DMAs. Opinions?

 

I have s/r at approx 1.9330. With Oanda, my daily and 3 hr charts looks like shiite on Sundays, as I have weeekend data hidden. Trendlines, long-term, have been broken, not sure where the fundamantals are headed. My guess is a crapshoot till London opens, maybe Asia.

 

Hey man yeah CAD tends to be highly correlated with crude oil.

 

I've got a short entry at 1.9288

 

Long, USD/JPY 250,000 units @ 89.73 for return to 92 area as range begins to narrow. Stop @ 86.40

 

I'm following the Jack Crooks mindset at the moment. I think we see USD strength for the rest of the year (with periodcal Euro bounces) because of narrowing rate differentials and a serious problem with EZ economies that outstrips even the US.

 

Short USDCAD @ 1.2110 & 1.1974.

Basis for trade: 0.618 Fib resistance @ 1.2125 on daily chart
(see attached)

Profit Point: 1.1768

Mental Stop: 1.2140

 

I hope this really works for you...wow...the USD/CAD really soared today...totally Oil related?

 

Long EUR @ 1.3272.

Target 1.35

Stop - If we build value below 1.3259 I am out.