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115 Pips | EUR\CAD

Discussion in 'Forex Trading Room' started by ChartSecret, Jul 23, 2009.

  1. ChartSecret

    ChartSecret New Member

    Joined:
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    Descending Channel chart pattern is now present the EUR\CAD pair... one of the most reliable ones, and it is 115 pips in size. Should be plain easy to collect. Support and Resistance both have been respected for 9 times, making this pattern a very strong one.

    Trading
    Short - After price breaks and pulls back to Support trendline.
    Long - After price breaks and pulls back to Resistance trendline.

    Source
    http://www.chartsecret.com/content/analysis-channel-pattern-eurcad
     
  2. MDunleavy

    MDunleavy New Member

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    Canadian dollar continue to be the biggest winner in worldwide concern of sovereign risks due to it's relatively low deficit and healthy fiscal position. Canadian dollar is up 4% against Sterling and 3.9% against Euro. EUR/CAD dipped further to as low as 1.4224 so far as the down trend continued and is still on course for 1.4 psychological level and then 100% projection of 1.7499 to 1.5183 from 1.6006 at 1.3690. A break above 1.4681 resistance is needed to be the first sign of stabilization or outlook will remain bearish.[Written by ActionForex.com]

    "P&F EURCAD1440 Box Size 135X5 or(4.39%) HI/LO
    Data 1.7499 - 1.3285 ~ 93 Month ~ 2837 Day
    Database 2000 records 1.43752 (Last Close)
    2002-05-13 00~00
    2010-02-17 00~00
    (GMT+01:00) Paris
    BJF Trading Group chart"

    1.7550|~135||____________________________________|-0.29%|32.1%
    1.7415|~27O||________________________X___________|0.48%|31.09%
    1.7280|~4O5||________________________Xo__________|1.25%|30.07%
    1.7145|~54O||________________________Xo__________|2.02%|29.06%
    1.7010|~675||________________________Xo__________|2.79%|28.04%
    1.6875|~81O||________X_______________Xo__X_______|3.57%|27.02%
    1.6740|~945||________XoX_____________Xo__Xo______|4.34%|26.01%
    1.6605|~1O8O|__X_____XoXoX___________XoX_Xo______|5.11%|24.99%
    1.6470|~1215|__Xo____XoXoXo__________XoXoXo______|5.88%|23.97%
    1.6335|~135O|__Xo____XoXoXo________X_XoXoXo______|6.65%|22.96%
    1.6200|~1485|__XoX___XoXoXo____X_X_XoXoXoXoX_____|7.42%|21.94%
    1.6065|~162O|__XoXoX_XoXoXo____XoXoXoXoXoXoXoX___|8.19%|20.93%
    1.5930|~1755|X_XoXoXoXoXoXo____XoXoXoXoXoXoXoXoX_|8.97%|19.91%
    1.5795|~189O|XoXoXoXoXo_oXo____XoXoXoXo_oXoXoXoXo|9.74%|18.89%
    1.5660|~2O25|XoXoXoXoX__oXoX___XoXoXoX__o_oXoXoXo|10.51%|17.88%
    1.5525|~216O|XoXo_oXoX__oXoXo__XoXoXoX____oXoXoXo|11.28%|16.86%
    1.5390|~2295|XoX__oXoX__o_oXo__Xo_oXoX____o_oXoXo|12.05%|15.84%
    1.5255|~243O|XoX__o_oX____oXo__X__oXoX______o_o_o|12.82%|14.83%
    1.5120|~2565|Xo_____oX____oXo__X__oXoX__________o|13.6%|13.81%
    1.4985|~27OO|X______o_____oXoX_X__oXoX__________o|14.37%|12.8%
    1.4850|~2835|X____________oXoXoX__o_o___________o|15.14%|11.78%
    1.4715|~297O|X____________oXoXoX________________o|15.91%|10.76%
    1.4580|~31O5|X____________oXoXoX________________o|16.68%|9.75%
    1.4445|~324O|X____________oXoXoX________________o|17.45%|8.73%
    1.4310|~3375|X============oXoXoX================o|18.22%|7.72%
    1.4175|~351O|X____________oXoXo__________________|19%|6.7%
    1.4040|~3645|_____________oXoX___________________|19.77%|5.68%
    1.3905|~378O|_____________oXoX___________________|20.54%|4.67%
    1.3770|~3915|_____________oXoX___________________|21.31%|3.65%
    1.3635|~4O5O|_____________oXoX___________________|22.08%|2.63%
    1.3500|~4185|_____________o_oX___________________|22.85%|1.62%
    1.3365|~432O|_______________o____________________|23.62%|0.6%
    1.3230|~4455|____________________________________|24.4%|-0.41%
    Column|~459O|161857681871921116166111116791676651|
    Count|~4725||4_1_____4__O_3672_5__O1192___1_____2|


    [​IMG]


    [​IMG]

    BJF-Trading-Group_Excel_Chart
     
  3. MDunleavy

    MDunleavy New Member

    Joined:
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    Messages:
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    Trade Idea: EUR/CAD - Buy Stop at 1.2540; Target: 1.2660 ; Stop: 1.2360.
    (At first)
    Trade Idea: EUR/CAD - Sell Limit at 1.2660; Target: 1.236 ; Stop: 1.2780.
    (Then)
    After trading above the middle line of the pitchfork channel over the past trading days, the
    EUR/CAD has decided to break the middle level of the fork. As you can see, the pair is still
    trading inside the bearish trend channel from the end of May. This might be a signal for
    further falls inside the downward trend channel.

    "P&F EURCAD1440 Box Size 150X4 or(4.01%) HI/LO
    Data 1.7499 - 1.2449 ~ 50 Month ~ 1528 Day
    Database 1085 records 1.24864 (Last Close)
    2006-04-04 00~00
    2010-06-10 00~00 (GMT+01:00) Paris
    BJF Trading Group MDunleavy chart"

    1.7400|~15O||____________________________x___x_+_________________________|0.57%|39.77%
    1.7250|~3OO||____________________________x_o_x_o_+_______________________|1.42%|38.57%
    1.7100|~45O||____________________________x_o_x_o___+_____________________|2.28%|37.36%
    1.6950|~6OO||____________________________x_o_x_o_____x___________________|3.14%|36.16%
    1.6800|~75O||____________________________x_o___o_____x_o_________________|3.99%|34.95%
    1.6650|~9OO||____________________________x_____o_____x_o_+_______________|4.85%|33.75%
    1.6500|~1O5O|____________________________x_____o_x___x_o___+_____________|5.71%|32.54%
    1.6350|~12OO|____________________x_______x_____o_x_o_x_o_____+___________|6.57%|31.34%
    1.6200|~135O|____________x___x___x_o_x___x_____o_x_o_x_o_x_____+_________|7.42%|30.13%
    1.6050|~15OO|____________x_o_x_o_x_o_x_o_x_____o_x_o_x_o_x_o_x___+_______|8.28%|28.93%
    1.5900|~165O|____________x_o_x_o_x_o_x_o_x_____o___o_x_o_x_o_x_o_x_+_____|9.14%|27.72%
    1.5750|~18OO|____________x_o_x_o_x_o_x_o_x_______+_o___o_x_o_x_o_x_o_+___|9.99%|26.52%
    1.5600|~195O|x___________x_o_x_o_x_o_x_o_______+_______o_x_o_x_o_x_o___+_|10.85%|25.31%
    1.5450|~21OO|x_o_________x_o_x_o_x_o_x_______+_________o___o_x_o_x_o_____|11.71%|24.11%
    1.5300|~225O|x_o_________x_o___o_x_o_x_____+_______________o___o___o_____|12.57%|22.9%
    1.5150|~24OO|x_o_____x___x_____o_x_o_x___+_________________________o_____|13.42%|21.7%
    1.5000|~255O|x_o_x___x_o_x_____o_x_o_x_+___________________________o_____|14.28%|20.49%
    1.4850|~27OO|x_o_x_o_x_o_x_____o___o_+_____________________________o_____|15.14%|19.29%
    1.4700|~285O|x_o_x_o_x_o_x_________+_______________________________o_____|16%|18.08%
    1.4550|~3OOO|x_o_x_o_x_o_________+_________________________________o_____|16.85%|16.88%
    1.4400|~315O|x_o_x_o_x_________+___________________________________o_____|17.71%|15.67%
    1.4250|~33OO|x_o_x_o_________+_____________________________________o_____|18.57%|14.47%
    1.4100|~345O|x_o_x_________+_______________________________________o_____|19.42%|13.26%
    1.3950|~36OO|x_o_x_______+_________________________________________o_____|20.28%|12.06%
    1.3800|~375O|__o_x_____+___________________________________________o_____|21.14%|10.85%
    1.3650|~39OO|__o_x___+_____________________________________________o_____|22%|9.65%
    1.3500|~4O5O|__o_x_+_______________________________________________o_____|22.85%|8.44%
    1.3350|~42OO|__o_+_________________________________________________o_x___|23.71%|7.24%
    1.3200|~435O|__+___________________________________________________o_x_o_|24.57%|6.03%
    1.3050|~45OO|______________________________________________________o_x_o_|25.42%|4.83%
    1.2900|~465O|______________________________________________________o_x_o_|26.28%|3.62%
    1.2750|~48OO|______________________________________________________o_+_o_|27.14%|2.42%
    1.2600|~495O|______________________________________________________+___o_|28%|1.21%
    1.2450|~51OO|__________________________________________________________o_|28.85%|0.01%
    1.2300|~525O|__________________________________________________________+_|29.71%|-1.2%
    Column|||||||1_1_1_5_6_4_1_6_6_9_1_1_9_4_1_4_4_1_4_5_8_1_5_6_5_5_4_2_4_6_|
    Count||||||||2_5_1_______1_______O_O_____2_____O_______O___________1_____|


    [​IMG]
    BJF-Trading-Group_Excel_Chart
     
  4. alex123

    alex123 New Member

    Joined:
    Sep 3, 2010
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    I am also trying to learn about this matter.I am really anxiously waiting for someone who can give me knowledge about this but i am unable to find anyone.Please share some your ideas if you have something like this.Thank you.
     
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