My USD/CAD forecast

After the USD rally since December, correction for all usd pairs has undergone and now we are on another impulse action. As for usd/cad, support lies on 1.02070 and I am expecting it to reach resistance 1.03631area. Breaking of the triangle above will show further upward momentum.

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selling GBUSD @1.5989 , SL 1.6006 T1 1.5806

My GBPUSD

and this is my AUDUSD strategy result

This is only my backtest result and I am planning to apply this on my live account. will keep my trade progress here:

What do you think of my strategy?

This is the result of my strategy for 1 month using USDCAD.. nice ei!

Who says we can't catch tops and bottoms all the time?

With the imbalances of supply and demand... yes we can catch tops and bottoms! Most of my trades are enjoying it.

Expect a SNB intervention at least this week..

Let us see if what is the gap between last week and this week is implying for. ;)

GBUSD forecast at the end of Nov. 2011

Based on the supply and demand, there are lots of demand orders unfilled from the bigboys since GBUSD rallied from Oct. 2011.

For me, GBUSD will reach at least 1.5820 at the end opf Nov. 2011.

The power of momentum indicator

I just found out that momentum indicator may help you in the direction bias of a price and a chance of a price breakout on the support resistance.

In the example below, price found support that seems to be broken, but if you look at the momentum indicator it tells you that price has not enough power to do so:


As well as a leading indicator on the breakout:

EURUSD is entering a non-trending phase again.

Look for a breakout either up or down. (exit when the market does not cooperate!)

GBPUSD at 5min chart

The trendline from Oct. 19 is in play here for GBPUSD. The price found support at that line. The break below will have further momentum to the downside at will meet some buyers at 200MA:

The market is on the trending phase right now, enjoy!

After the budget and credit fixing of Obama administration as well as the good result of employment and US production, the market is again on its trending phase.

As of writing, during the London session, traders are now enjoying a prices momentum.

USDCAD pair at the channel

USDJPY 4 Oct 2011 @5:00 GMT

USDJPY pair is in an upward trend line right now. See how the price is rejected at the trend line.

Let us see a further upside momentum after an hour of consolidation of prices.