Chart of the Day: USD/CAD.The USD/CAD has been weak since printing a high on March 9th. This is easier to see on the 4-hour chart which is posted below. I see this current bounce up as another selling opportunity. I also post this potential trade to bring in the SSI (1) See server-side include and single-system image. (2) (Small-Scale Integration) Less than 100 transistors on a chip. See MSI, LSI, VLSI and ULSI. 1. (electronics) SSI - small scale integration. 2. report from DailyFX. The Speculative Sentiment Index sentiment index A numerical guide to investor feeling toward the securities markets that is constructed to determine whether certain segments of the investment community are bullish or bearish. is a contrarian Contrarian An investment style that goes against prevailing market trends by buys assets that are performing poorly and selling when they perform well. Notes: A contrarian investor believes that the people who say the market is going up do so only when they are fully indicator which notes that we should look for continued weakness. But as traders, we should still be looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. confirmation before selling. A move down through the previous low is about as good as it gets as confirmation of continued weakness and is where many traders enter into a sell. Protective stops should be placed above resistance with target to take profits set at twice that risk. 2009 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
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