Seems like bottom is in for the A wave at 50% fib 1291... B wave should correspond to either fib levels 1313, 1318 or 1324... Still risky to go long though... a better trade would be to wait for b level to hit and then see price action reversal ...

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All traders are human beings... It's okay to have high ideals of "controlling emotions" all the time but the truth is that doesn't happen. Some people like to go for a walk.. to clear their head and prevent from "revenge" trading.. others have a ...

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If ones stop losses are hit more than your strike average and your account is going in the red; then that could be a symptom of trading with extremely small stop losses and lower time frames... If you trade the higher time frames (4hr or up) more ...

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In that case one should trade with very large stops below the obvious support/resistance areas... and preferably larger time frames (daily) and (weakly) charts!

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I think all of this is wonderful advice... One should look at various instruments because there are many correlations... as far as trade size is concerned or even "style" of trading I believe everything is ultimately relative to the individual and ...

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Maybe... but I'm optimistic about the 4hr chart subwave no 3 and that it should hold (seems to be working perfectly with the wave structure)...a close above 1.04 on the 4 hr will be the key (atleast in the near term)

USD/CAD

Yes it can possibly...the pinbar is also not supported with good volume... right now price is juxtaposed with the 50 ema on the 1 hr chart; lets see...

USD/CAD

Well the target was not hit on the 1 hr chart (missed by a few pips)... Hence the count on the 1 hr is broken and has to be redone. Now hope is on the 4 hr count which needs 1.074 to hold on the next 4hr candle... If that doesn't hold then we can ...

USD/CAD

A pinbar close above 1.7450 on the hourly is only going to prove the bullishness.... and that the past couple of hours were only there for stop loss hunting... If we close above that...will be a sign that sub waves are moving in target and a 5th ...

USD/CAD

we have loads of time to speak both languages...as it is big brother down under makes all the big calls anyway...

USD/CAD

I think that was a no brainer... It would have been suicidal for boc to raise interest rates... (govt is looking to maximize revenue...best way for that is through more revenue collection via getting people employed) meager inflation does not affect ...

USD/CAD

Yeah... It is obvious and intuitive to be bearish on the us dollar... But on the weekly chart the usd index has seemed to bottom out too... Eurusd... can break on the lower side from its range... (which it should have a month ago; when int rates ...

USD/CAD

Are you referring to short term or medium to long term... In the short term sure...1.08 is reasonable for a pause and retracement...but if you think we are going lower than 1.06; hmm I don't think so... Technically there was a lot of confluence in ...

USD/CAD

According to Yellens "forward guidance" NFP is not the only gauge they are seeing... (but that could be a reason why it is not responding as much as yellens immediate will of keeping interest rates low "for as long as neccessary") I know this is ...

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You can blame it on HFT... Short term traders have to compete with super quick complicated algorthym that incorporate methods like game theory to execute trade ideas... This is perhaps likened to a computer grandmaster chess player... what is the ...

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Short taken again... Sl above 1300 Very light entry; not risking much.. (hopefully this a leg has more room for the downside)

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Stop moved to breakeven 1296... Might be a spike with the china numbers...better to protect capital and find a better entry if stop gets hit.

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Yes that's a biggy! quarterly gdp number plus industrial production...

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Possibly but I think a better gauge for that is Oil...which is really falling! Palestine/Israel issue is a frequent event which is taken regionally... None of these countries produce natural resources that impact global economies massively... hence ...

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