- Originally long at 0.9890. Been sitting on this for the longest time, watching it go nowhere fast with some hair-raising moments in between.
- The time to get serious about this trade looks near, although one can never be sure with the Loonie. False starts seem to be inherently built into this pair.
- Monthly : Downtrend line breaking.
- Weekly : Double bottom but messy price action traversing the neckline at 0.9913.
- Trade : Thus far, have kept only a small position to enable me to withstand the swings while waiting for trade to come alive. Reckon the time to step up is on a break of 1.0026. Pyramid buy stop-in above.
21 September 2011
USD/CAD : The Time is Near
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2 comments:
Crazy night for SPY?? Roller-coaster like crazy!?
Stopped-in. Added to long at 1.0027
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