peterdcharlebois

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Joined
Markets Allocation
70 % forex 2 % indices 28 % other
Top Mentioned Symbols
USDCAD 22% | 13 EURUSD 12% | 7 XAUUSD 12% | 7 DXY 8% | 5
DXY: My take on the Dollar Index EW
80 0 3
DXY, D
My take on the Dollar Index EW

I'm watching two important levels. 96.00 and 93.50

DXY: DXY- The sloping trendline is very important
134 0 3
DXY, D
DXY- The sloping trendline is very important

Well... at least the downside risk is obvious. The price action around the trendline will be interesting

peterdcharlebois peterdcharlebois USDCAD, 240,
USDCAD: EW still blows my mind... Picked this up just off the bottom
151 6 2
USDCAD, 240
EW still blows my mind... Picked this up just off the bottom

I saw this squeeze going on and thought... This might be where the turn happens... BAM! One of the nicest trades I've ever made. Trading is 1 part analysis, 1 part money management and 1 part luck. I like it when I pay attention and get lucky. The real luck here is that I went to bed was not tempted to close it early had I stayed up watching it. (I'm sure you all ...

peterdcharlebois peterdcharlebois USDCAD, 15,
USDCAD: Extraordinary move up... extraordinary move down
21 0 2
USDCAD, 15
Extraordinary move up... extraordinary move down

The Bears seemed to win this one... for now. It demonstrates how much pent-up energy there is in this pair. When it finally breaks to the upside, it will be a run. Again.. watch OIL for a temporary top. If it breaks back above 1.2660 it could rocket.

peterdcharlebois peterdcharlebois USOIL, 60,
USOIL: Oil It's gonna get volatile.
96 0 2
USOIL, 60
Oil It's gonna get volatile.

Two well-defined inflection points for next move

peterdcharlebois peterdcharlebois USDCAD, 60,
USDCAD: Engulfing candle on 1 hour chart - USDCAD
65 1 3
USDCAD, 60
Engulfing candle on 1 hour chart - USDCAD

That's quite the engulfing candle following the Crude Inventories News. A turn back down here would be a total surprise. Look up for a while on this pair... I think,

peterdcharlebois peterdcharlebois USOIL, 15,
USOIL: CRUDE inventories - falling like a stone. USDCAD to rise
92 2 1
USOIL, 15
CRUDE inventories - falling like a stone. USDCAD to rise

Crude inventories news release causesOIL to turn hard from its 6 month high. This could be the tempory top for now and should cause the USDCAD to at leats correct for a few days or weeks.

peterdcharlebois peterdcharlebois XAUUSD, 480,
XAUUSD: Gold - Still going sideways
35 0 0
XAUUSD, 480
Gold - Still going sideways

If Gold is in a triangle formation it should go down from here

peterdcharlebois peterdcharlebois USDCAD, 480,
USDCAD: Watching USDCAD Very closely
32 0 1
USDCAD, 480
Watching USDCAD Very closely

It will be interesting to see if a new low here causes a turn

peterdcharlebois peterdcharlebois USDCAD, D,
USDCAD: Where will the USDCAD Bottom?
26 0 0
USDCAD, D
Where will the USDCAD Bottom?

Just for fun I measured the longest uninterrupted move on the CAD from 2008. We are about 3/4 of the way there. I am watching closely for a bounce but I bet it still won't be much. As long as OIL is strong... so will go the CAD. Will history say that 1.46 was a long term top?

DXY: Is the USD back in charge? Will the low hold
36 0 1
DXY, W
Is the USD back in charge? Will the low hold

The bounce from the bottom is a bit weak and does not look impulsive at this point. However, a bounce is due. So a thrust down should be seen as a buying opportunity.

peterdcharlebois peterdcharlebois USDJPY, D,
USDJPY: Looking like a bottom has formed
37 0 4
USDJPY, D
Looking like a bottom has formed

The daily candle chart is showing a potential key reversal. A break above 114.00 would cement the case. I would expect some resistance in the zone from 111 to 115.

peterdcharlebois peterdcharlebois XAGUSD, W,
XAGUSD: The Silver chart shows a clear ending diagonal.
57 0 3
XAGUSD, W
The Silver chart shows a clear ending diagonal.

There is always the chance of a final wave down after one of these ending diagonals... but it means the low is either in place or very close.

peterdcharlebois peterdcharlebois GBPUSD, 120,
GBPUSD: Only a guess.... Not the best structure
29 0 1
GBPUSD, 120
Only a guess.... Not the best structure

The structure is good if B wave ended at 1.41 as a triangle. Only time will tell. I guess the trade is above 1.4445

peterdcharlebois peterdcharlebois XAUUSD, D,
XAUUSD: Gold - Still looks like a tirangle
107 0 5
XAUUSD, D
Gold - Still looks like a tirangle

Still playing out as expected.

peterdcharlebois peterdcharlebois SPX500, M,
SPX500: The Fractal Nature of the Markets
79 0 4
SPX500, M
The Fractal Nature of the Markets

I'm always blown away by how the waves repeat in fractals. Mind blowing. The chart on the left is the monthly from 2009 @672 and the one on the right is the most recent wave up from Jan 2012 @1807. Suggestive of a forming top

peterdcharlebois peterdcharlebois GBPUSD, 480,
GBPUSD: Do you know your ABC's - They're everywhere GBPUSD
15 0 3
GBPUSD, 480
Do you know your ABC's - They're everywhere GBPUSD

The GBPUSD seems to be doing nothing but ABC patterns. This usually indicates some sort to corrective triangle forming. This one looks like a B position corrected wave. But I am not really that confident about it. What I do know however is that I should wait until it breaks 1.4460 before I buy.... cause it could turn around here.

peterdcharlebois peterdcharlebois USDCAD, W,
USDCAD: If the USDCAD doesn't bounce here... then where?
42 1 2
USDCAD, W
If the USDCAD doesn't bounce here... then where?

Where is the USDCAD going to finally bounce? This also begs the question: Is $1.45 a long term top? Could the CAD be heading back towards PAR again with the USD? In the first 3.5 months of this year, the CAD has gained 20 cents. (If I had just left my short alone... LOL). I am watching OIL for a bigger correction to give a little relief here. But I think I will ...

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