Uh, wtf is going on again? 70 pips rise in one hour, no news... sounds like BS is the hottest commodity again.

USDCAD trend reversal?

Bitch-slapped, to be precise - right back to the curb where it belongs.

USDCAD trend reversal?

What pivot points do you guys have for this one? IB screws up closing prices often, so according to them the midpoint is @ 0.9610, and R1 is 0.9790.

USDCAD trend reversal?

Nobody has been short on these lately? If not, you guys are hardcore bulls! I myself was short @ 0.9314 on AU in the middle of last week, only to see it go up to 0.9400. After a drawdown like that it is really hard to get into the profit mindset, ...

Aussie Pairs

Say what you will but in three sessions this pair has made 600 pips back from its lows. You can try and retrofit all kinds of indicators and chart patterns to this move to make it seem logical, but to me it is still an anomaly. Maybe the Chinese ...

USDCAD trend reversal?

I suppose my understanding of the market may be flawed. However, the fact that the dollar has been at historically low levels, that there has been little to no retracement since August, and the assumption that the fed is not likely to cut again soon ...

USDCAD trend reversal?

What exactly makes you think that it is likely to continue?

USDCAD trend reversal?

I see a clear pattern on the chart that indicates the opposite. I call that pattern "my ass!".

USDCAD trend reversal?

Nice analysis. It certainly does seem to be quite angry at shorts at the moment, but keep in mind that the $ is up across the board. Also, chart-wise it just filled the gap below 0.9450. It would have to go up to 0.9700 levels for me to start ...

USDCAD trend reversal?

Two day chart looks much like a double top, let's see what happens from here.

USDCAD trend reversal?

Be careful if shorting - Dow might end up closing higher against all odds.

Aussie Pairs

I don't know where you get your market data. Back to parity? Not likely to happen until next year.

USDCAD trend reversal?

Holy $#%^, that's all I have to say... 9 hours later, 320 pips higher.

USDCAD trend reversal?

What do you attribute this jump to - just a drop in oil prices? If so, isn't it reasonable to bank on the trend to continue going into the colder time of year? The hourly chart seems to indicate a continuing gap fill, too.

USDCAD trend reversal?

I can't believe I got out of my short a few hours ago... then again, who knew the Dow would get smashed so much in the last hour before closing.

Aussie Pairs

Wow, an incredible run for an hour, to be sure... but looks like the party is coming to an end.

USDCAD trend reversal?

Went cautiously short @ 0.9265. Let's see what develops here.

USDCAD trend reversal?

How do you get the daily support line there?

Aussie Pairs

What is the significance of 0.9355? AU keeps bouncing off it unable to break through.

Aussie Pairs

Where do you see your potential buying range for AU that you keep talking about? And when you do go long on these, how many pips would you normally be looking to pocket? It sounds like the regulars here are position traders, so I guess you are ...

Aussie Pairs