Timing is key
Short

FINDING TIME & PRICE & PATTERN SYMMETRY ON THE USDCAD!

FX:USDCAD   U.S. Dollar/Canadian Dollar
1144 31 15
Hello all,

Today's idea centers around Time, Price & Pattern & how they come together around an anticipated bounce or reversal . We have plenty of confluence clustering at key resistance from the current high to 134450 ish             ( Shown as 3 levels bunched together in the RED rectangle ). The Action/Reaction element is shown as upward blue parallels, The time & price squaring element is derived from the LAST 2 daily swings beginning with the word START with the numbers crunched in the grey box using the major and minor degrees of circle. ie. 0/360 - 90 - 135 - 180 - 225 - 270 - 315. The pattern element is shown as 5 Pivot count ending with an expanding pivot. This is an extremely early prediction as all we have is confluence and an inverted hammer.....Let's see how this develops

Sincerely,

TIK

Lets see how this unfolds
Great, posted a short today as well.
Good luck!
+1 Reply
Timing is key IvanLabrie
a year ago
Great, just had a read of your post....Interesting set-up:)
+1 Reply
IvanLabrie PRO Timing is key
a year ago
In the short term it worked, but it can still go for one more leg up or some more complexity before the sharp move down begins.
(to match the previous legs' complexity and time consumption)
I'll watch gor a reentry, got out in profit before bed.
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Timing is key IvanLabrie
a year ago
Yes, good call & good profit.:)
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forker PRO
a year ago
Fantastic analysis...like this confluence very much.

Let's stalk it.
+1 Reply
Timing is key forker
a year ago
Indeed!
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IvanLabrie PRO Timing is key
a year ago
Here's the chart:

USDCAD: Tight stop short, low odds but big payout
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Definitely one to watch.
It has been lagging the other dollar pairs.
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Timing is key IvanLabrie
a year ago
I did notice that however I make no assumptions ..... I notice alot of traders are confused with the recent volatility...Akil Stokes had the right idea on the EURO....He made me laugh :) but staying out when uncertain is the ONLY play to protect your capital
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IvanLabrie PRO Timing is key
a year ago
Indeed, wise man.
I took the first short because the stop was tight, risked 1/2 position size. Was worth it.
Now, not so much. After I get a second setup confirming continuation I'll take it with 1% risk.
Have you seen my S&P500?
S&P500: Short setup

Thoughts?
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IvanLabrie PRO IvanLabrie
a year ago
(An idea: maybe you can use pitchforks on RGMOV! I wouldn't know how to get the best out of that...I'm sure you can do it)
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manijeh.kazemi.33 IvanLabrie
a year ago
hi jvan you are short now
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IvanLabrie PRO manijeh.kazemi.33
a year ago
usdcad no, covered.
Waiting a bit. If it's an impulse of a new bearish cycle we will know and we can short the wave 2 retrace.
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Timing is key IvanLabrie
a year ago
Yes, I was looking at your chart nice RGMov leading the index, I did a similar thing months back on the Dow and SP500 using a pitchfork on a slow stochastic:) same thing had already breached the lower parallel on a price failure! Yet the index was slowly rising!.....The real trick in doing it is playing around with the variables until you get it leading the index....not sure if RGMov can be adjusted..keep well


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IvanLabrie PRO Timing is key
a year ago
It's already fine tuned by Tim West.
+1 Reply
CarsonKT
a year ago
I just drew the chart this morning, the 2.618 BC is about 1.329 ish
snapshot


and I am also using pitchfork, still waiting on 1 hr chart to show more exhustion

hope this makes sense :D

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CarsonKT CarsonKT
a year ago
the hanging man is another confirmation? maybe
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Timing is key CarsonKT
a year ago
Yes agree, fib and Lucas relationships usually line up also....a nice break down past the lower parallel &/or sliding parallel will be a nice confirmation:)
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CarsonKT CarsonKT
a year ago
does it start its journey to the south already? yesterday's daily PRZ totally reject the price, and
on 4hr fork, price slip out of the SL and retested it, seems a rejection as well
Shorted this morning, so far so good.
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Crit_Nasty
a year ago
Wonderful analysis!
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Timing is key Crit_Nasty
a year ago
I do appreciate your comments, lets see if we get the crack on the CAD!
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Beast as usual.
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alex.a
a year ago
For USDCAD to go down, simply oil price must go up and or USD must be de-valued. Fundamentally, when the economy of the world isn't going to demand oil as if it was before like China boom-town era. Not to mention, oil isn't the oil of yesterday. alternative is right there and waiting ~ And december interest hike looming USD won't be plummeted. So, I don't see any good plunge down of USDCAD in this very simple way without cracking the head with technicality.
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Timing is key
a year ago
Update: The Looney Revisited my expected Heavy Resistance Zone (Including Reaction Line Confluence) Extreme 134458 ( Actual 134562 ) and turned nicely...It was nice of it to keep my long term stops in place ( They don't call it the beast for nothing ) as it continues to sell-off on my short positions. Next Target is the Median Line...
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Timing is key
a year ago
Touchdown!! ML Reached
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:D
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Timing is key
a year ago
This A/R set is working like Swiss Watch:)
+1 Reply
Time to short very soon...
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I had a long here, now, what will USDCAD do?
Considering oil, I'd think it'll keep trucking up.
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Timing is key IvanLabrie
a year ago
I see USO down to 11.11 ( you should pull up a Monthly on that one it's scary )....so CAD will probabley truck up ...if it breaks 134450 decisively it s/b blue skies
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USDCAD: THINK BIG!
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