10.7

Post by **art** » Wed Jul 09, 2014 11:18 am

i have never seen anything like it, hardly any movement, whats going on i wonder

Post by **The_Snowman** » Wed Jul 09, 2014 12:10 pm

Sell USD - CAD ???

Post by **Gertje** » Wed Jul 09, 2014 12:15 pm

The_Snowman » Wed Jul 09, 2014 12:10 pm wrote:Sell USD - CAD ???

You're too late in my opinion. It already dropped 35 pips.

Post by **The_Snowman** » Wed Jul 09, 2014 12:26 pm

Really? I'm only showing today range of 22, and up 11 pips now, trading daily chart so no problem, no need to catch every pip

Post by **Gertje** » Wed Jul 09, 2014 12:38 pm

The_Snowman » Wed Jul 09, 2014 12:26 pm wrote:Really? I'm only showing today range of 22, and up 11 pips now, trading daily chart so no problem, no need to catch every pip

Sorry, wrong chart...
Was looking at NZDCAD....

Post by **The_Snowman** » Wed Jul 09, 2014 12:44 pm

Gertje » Wed Jul 09, 2014 10:38 pm wrote:
Sorry, wrong chart...
Was looking at NZDCAD....

Aw, and I thought you were stirring me up

society · Post by **society** » Wed Jul 09, 2014 12:47 pm

The_Snowman » Wed Jul 09, 2014 12:10 pm wrote:Sell USD - CAD ???

Isnt this an invalid CLASSIC entry any way due to the green on bottom and red on top, thought they had to both be on top or bottom?

Post by **nanningbob** » Wed Jul 09, 2014 2:08 pm

society » Wed Jul 09, 2014 8:47 pm wrote:
The_Snowman » Wed Jul 09, 2014 12:10 pm wrote:Sell USD - CAD ???
Isnt this an invalid CLASSIC entry any way due to the green on bottom and red on top, thought they had to both be on top or bottom?

Its a CT or counter trade. In a ranging market like this has been this year you will want to take trades like this at times. You just dont ride it very long unless you have a fundamental reason too. Bottom line right now is all fundamentals are weak so movement is weak.

Post by **The_Snowman** » Thu Jul 10, 2014 12:07 am

nanningbob » Thu Jul 10, 2014 12:08 am wrote:
Its a CT or counter trade. In a ranging market like this has been this year you will want to take trades like this at times. You just dont ride it very long unless you have a fundamental reason too. Bottom line right now is all fundamentals are weak so movement is weak.

Depends on your time frame and definition of trend I suppose; I'm trading Daily candles so at least look to Weekly for direction, IMHO it is down, see my chart

Post by **The_Snowman** » Thu Jul 10, 2014 12:24 am

society » Wed Jul 09, 2014 10:47 pm wrote:
The_Snowman » Wed Jul 09, 2014 12:10 pm wrote:Sell USD - CAD ???
Isnt this an invalid CLASSIC entry any way due to the green on bottom and red on top, thought they had to both be on top or bottom?

AH !!! well, I thought it was the other way around, so maybe this is 10.9 long term trade signal?

I thought the green line is telling me the bigger time frame direction, Weekly ?

And the red and blu stochs were showing the price retracements on the short time frames ?

I do look at other analysis before trading, eg. must be below the 200 SMA

Must be in the direction of Bob's magic 60 / 240 EMA on 4 Hour chart

I mark this on every pair, not at the crossover price, but near the low or high of the crossover bar.

RED for a down cross, GREEN for up cross, easily see this on Daily time frame then as reminder.

You will be amazed, when a trend starts, this becomes support and resistance line, see the Daily chart

Trade what you see on your charts