FX:USDCAD   U.S. Dollar/Canadian Dollar
682 23 29
3 months ago
Waiting for bullish candlestick formation for USDCAD             . It looks as if oil             dipped back lower on some critical levels. I am going to let this dip, form the bullish candlestick formation and got back up above the pink line and take off to 1.33
3 months ago
Trade active: Stay this... keep running it... pound looking lower... I am pulling stop in advance of Yellen's speech in Jackson. pull to 1.2750. September is almost here, guys. Happy trading.
3 months ago
Trade active: Ok .. added at the pink line. stop is pulled up above the pink for the weekend at break even with 200 off. WE GOT THIS!!!!!!!!!! XO
3 months ago
Trade active: Look for 131 as a first target. Running from 12775 and 12867. Rock and Roll. Bad Ass Trading Guys. Thanks for everyone who blogged in to show both perspectives. Daily charts are the bomb if you can lower leverage and let them run. https://play.spotify.com/search/karaoke%20theme%20from%20shaft
3 months ago
Trade active: OK guys, we are coming into target on this one.. start pulling profit. I am coming off the majority of it at 131.
2 months ago
Trade closed manually: Taking the rest off of this for a total pip capture of 425 pips. It's a great fall so far!
hope.bleecker
3 months ago
Stay this... keep running it... pound looking lower... I am pulling stop in advance of Yellen's speech in Jackson. pull to 1.2750. September is almost here, guys. Happy trading.
Reply
qais
3 months ago
usdcad
Reply
hope.bleecker qais
3 months ago
That is a channel change, qais.
+1 Reply
qais hope.bleecker
3 months ago
still in the break down area
Reply
hope.bleecker qais
3 months ago
Not on my charts. But thanks for your input. Trendlines go from highest high to lowest low. That is a channel change, not a pennant break. Good luck to you.
Reply
qais hope.bleecker
3 months ago
lets watch and see
Reply
kallentto hope.bleecker
3 months ago
Hi Hope, may I ask you what is a channel change please, cause I can't find it on google. Thanks
Reply
TradeFreak kallentto
3 months ago
Kallentto - Please go here: http://www.babypips.com/
and start learning from there... then you will know what certain terminology is.
Happy trading :D
Reply
kallentto TradeFreak
3 months ago
There is nothing in babypips that talks about what Hope explained below
Reply
hope.bleecker kallentto
3 months ago
I studied under the Martinezes and am a professional CMT trader. Channel changes are common knowledge. You will find discrepancies are found across online education and the best practice is to accept and trade what you see. The mark of an educated trader is to accept varying opinions, so I appreciate all who blog on my ideas, whether they agree or see the trade differently. The thing about a channel change is to observe the candlestick formation on the daily timeframe, which may have been bearish on the lower four hour or one hour timeframe, but never appeared bearish on the daily. Typically trendlines can break on the four hour and the one hour, but unless they form the proper candlestick patterns on the daily, you can count on a marginal move. Otherwise, the price pattern simply decides to "switch lanes" and follow its trend. What price is actually doing is following another order block where there is higher demand. Often this may the 786 or the 1.27 fib area. . There are many different impulses that cause trades to run one way or the other, for example the Yellen speech this morning. However, technically the dollar is long, and oil is down, which sent this price action lower to the bounce at prior resistance becoming support this morning. Since we aren't looking for shorts anyway, this really should not be difficult to understand. Price sought a higher demand area and is now continuing.
+1 Reply
QueenOfSpades hope.bleecker
3 months ago
Hi Hope, just wanted to thank you. I have learnt so much about trading just by following your ideas and analysis.
Reply
hope.bleecker kallentto
3 months ago
Kallento, where you have a trend and the price action seemingly breaks a trendline, but then continues in the same direction along a new trendline... that is commonly referred to as a channel change.
+1 Reply
hope.bleecker kallentto
3 months ago
Kallento, where you have a trend and the price action seemingly breaks a trendline, but then continues in the same direction along a new trendline... that is commonly referred to as a channel change.
+1 Reply
cmc
3 months ago
nice catch! Congrat
Reply
hope.bleecker cmc
3 months ago
You are a doll and are very nice to comment. Thank you!
+1 Reply
-Andrew- PRO
3 months ago
Well done Hope - Caught this one
Reply
hope.bleecker -Andrew-
3 months ago
So glad. I have two positions on it at break even. Came off the majority at 131. When we get up to 13150, 132, I would think about taking profit if you are still on it.
Reply
-Andrew- PRO hope.bleecker
3 months ago
Full profits taken. Thanks
Reply
FXJakovskii
3 months ago
gj
Reply
TradeFreak
3 months ago
Hey hope... quick question... how are you able to moderate your charts in the comments section?
Please let me know.
Reply
kallentto
2 months ago
Amazing Hope !
Reply
-Andrew- PRO
2 months ago
Well done
Reply
derby
2 months ago
thats was one great trade! well done!
Reply
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