Last night we said that the breach of support in $USD and breakout in $CAD were suspect because they were unconfirmed by MACD. I was watching $CAD closely intraday and was able to take advantage of the early afternoon swoon in commodities.That is a gap fill and $USD didn't do much, but keep watching.
This is a 1 minute chart of AEM. Once the MA's crossover above price, pick a spot and get short.
This is a 15 minute chart of POT. Coiling at $97.00 base. Breakout or breakdown, either way, the coiling foreshadows a big move.
Missed the box play in my beloved RIMM. Hope some of you guys were in it!
5 comments:
I had been watching RIMM for a while waiting for the BO out of the box, and it happened today that I could not trade. Such a pitty. I hope there is some retest tomorrow.
Cheers,
Yeah, last few days prior to BO it was almost painful to watch that narrow range chop. But the BO worked very nicely - that's the power of coiling (NR7).
Excellent call on POT Jamie.
Thanks Day Tradr,
Did you trade it?
Yes Jamie. I took the POT trade. Exited on the break of the hanging man.
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