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TheFxAnalyst replied Jan 21, 2016This is probably about all we're going to see today. Personally I'm hoping it continue's to grind lower over the next several weeks. I'll be sitting on my thumbs till then watching it all play out.
USD/CAD
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TheFxAnalyst replied Jan 21, 2016What's going to be really interesting here is whether or not we get a reversal. The fact this thing failed to hold below the lower trend channel and the maturing Bullish Cyclical Indicator (see lower light blue bar) has me thinking we could see some ...
EURUSD
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TheFxAnalyst replied Jan 21, 2016This is the chop I was warning about in the prior post. It will probably be like this for the balance of the day. If there is any additional sell-off it will be a lot softer grind lower. I'd expect consolidation for the balance of the day - you've ...
EURUSD
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TheFxAnalyst replied Jan 21, 2016Nothing is ever 100%, but when the price action exceeds that wide trend channel, it typically represents the majority of the move (unless it's some sort of unexpected black-swan event i.e. SNB). I'd expect any additional sell off to be minimal ...
EURUSD
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TheFxAnalyst replied Jan 21, 2016very nice! you can't beat rent and whiskey all on the same day.
EURUSD
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TheFxAnalyst replied Jan 21, 2016The U/Cad is trying to break lower just not sure if it has enough steam to do it. I'm still short from way back and in this one for the longer haul but a stall here might provide a short term lift higher for the day traders.
USD/CAD
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TheFxAnalyst replied Jan 20, 2016Thin markets around important news is my best guess. Not the first time I've seen a response and reversal only to have the initial response validated later. Can make for a pretty break-neck day if you're holding a lot of leverage.
USD/CAD
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TheFxAnalyst replied Jan 20, 2016I don't know if I've ever done this before, I'm not known for my excellent timing into a trade.
So, I'm just going to post it here for posterity. I think my new routine for entering trades will be as follows. Wake up in the middle of the ...USD/CAD
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TheFxAnalyst replied Jan 20, 2016You got to love the volatility... Longs getting blasted, shorts getting blasted. Straight down, straight back up. No mans land.
USD/CAD
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TheFxAnalyst replied Jan 19, 2016If this thing should run to 1.0977 and the longer term stuff stays neutral I'd take a short-term short on this as we have a little bit of a bearish cyclical top in place, I just can't justify it at current levels. Guess I'm on the sidelines for ...
EURUSD
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TheFxAnalyst replied Jan 19, 2016For what it's worth Wookie, I've got a little sell signal on the thing and it's almost bumping up against some trend-line resistance. That means absolutely nothing but it makes for a pretty chart.
AUD/USD
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TheFxAnalyst replied Jan 19, 2016My Man! Good catch. Fixed it. I've recently shuttered the consulting business to focus on my own research, modeling and trading. Not even sure what I'll do with the website if anything. I don't really see me writing analysis there but I may use it ...
EURUSD
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TheFxAnalyst replied Jan 19, 2016Not even going to touch this thing until it gets out of this neutral zone.
EURUSD
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TheFxAnalyst replied Jan 19, 2016Lil bit of bullish EUR/USD momentum starting to show up. Imaging it will be short lived but it has some room to grind higher as it's coming out of a fairly neutral intraday setup. This is the move I was looking for yesterday off the bullish cyclical ...
EURUSD
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TheFxAnalyst replied Jan 19, 2016lol...
The good news is you've seen my mug. I couldn't whore myself out at a truck stop so I think I'm safe there.EURUSD
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TheFxAnalyst replied Jan 19, 2016If the BoC somehow decided to raise rates and the Fed decided not to raise 4 times this year... You'll find me in Hawaii this time next year rolling in my USD/CAD shorts.
USD/CAD
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TheFxAnalyst replied Jan 19, 2016There is a little bit of bearish momentum in this pair right now and we're rolling lower towards support. If that holds there is a pretty mature bullish cyclical signal (light blue horizontal line) that might indicate a short-term move up from here. ...
EUR/AUD
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TheFxAnalyst replied Jan 19, 2016I'm okay with that, just a little profit taking, a quick reversion to the mean would make my current shorts very happy, then it may carry on its happy way to infinity and beyond.
USDCAD trend reversal?
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TheFxAnalyst replied Jan 19, 2016So much THIS... it is risky and it really is about the fastest way to get your accounts ass handed to you. Jan 15 will happen again. It will come from a different angle, the impact may be less or greater but if you trade long enough, you'll see an ...
EURUSD