Brilliant Dydanamic,your prediction on the fall of CAD just happenddydynamic » Fri Sep 15, 2017 12:33 pm wrote: Good thing you had a tight stoploss....
NEVER CATCH A FALLING KNIFE OR A RISING ROCKET....
CAD is being prepared for a massive fall just like they prepared GBP for a massive rally and I am afraid a lot of accounts will be busted especially on GBPCAD and other CAD pairs.......
CAD needs to take the fall for USD to rise.....
if you are identifying those as levels,
Thanks for your comments. In the run in to the FOMC announcement tomorrow evening, the USD is heading south again. Perhaps in the short term, the xxxusd pairs will rise. I am also long on GBPUSD.eaymon » Tue Sep 19, 2017 4:18 am wrote: if you are identifying those as levels,.
- You might need to zoom out first...
- A level is roughly defined as a period of time where price took a breather/ a break, not just S & R
- try to match that to another period of time for confirmation
also taking trades on the third level is more risky too..
I could be wrong but they look more like level 1 going short...
You were spot on for GU, AU and EU...fx800 » Mon Sep 18, 2017 11:52 pm wrote:
Thanks for your comments. In the run in to the FOMC announcement tomorrow evening, the USD is heading south again. Perhaps in the short term, the xxxusd pairs will rise. I am also long on GBPUSD.
It was pure fluke. The market is overwhelmingly bearish on USD, anticipating another dovish FOMC minutes like before. Taking a contrarian view, I expect the opposite from the FOMC minutes this time and expect all the xxxusd pairs to plunge. We will have to wait and see later today.eaymon » Wed Sep 20, 2017 11:06 am wrote:
You were spot on for GU, AU and EU...
