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USD/CAD

  • VennD
    Joined Oct 2007
5m + 15m tfs

O=246
L=245
H=C=257
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  • VennD
    Joined Oct 2007
30m + 1H
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  • VennD
    Joined Oct 2007
Quoting HandsFx
Hi Vennd,

From my Technical point of view:
1. Currently its stopped by EMA 40 1.0120 (EMA 40 usually strong and harder to break) <---TF ?
2. Second resistance at 1.0130-1.0140 (if break above this, then it will be the base line support for it to go up higher)
3. If break number 2, it should easily go to 1.0180-1.0190
4. If break number 3 then 1.0200-1.0220 will be the last strong resistance
5. After that it will fly up easily..

If keep fail break the ema 40, then it could be drop below support yesterday.. I will try post chart when I back home later.....
Excuse me HandsFx , Is the technical analysis u mentioned abv still valid ? Cuz ... Im about to hit it ... ... and one more thing ... u owe me a chart ...
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  • Yuchen
    Joined Aug 2009
Canada data is good but USD/CAD did not drop that much...
close half of my short at 1.0218 and set s/l be for the other half, now waiting for further downward movement if it is possible..
will add more if breaks 1.0154
  • VennD
    Joined Oct 2007
Quoting Yuchen
Canada data is good but USD/CAD did not drop that much...
close half of my short at 1.0218 and set s/l be for the other half, now waiting for further downward movement if it is possible..
will add more if breaks 1.0154
fyi ... tht CAD data is of low votality ... 10-20 pips up and down ... overall ... US data are in control of U/C ... atm.
Quoting VennD
Excuse me HandsFx , Is the technical analysis u mentioned abv still valid ? Cuz ... Im about to hit it ... ... and one more thing ... u owe me a chart ...
Hi Vennd,

Nope.. That one valid if that time it manage to break and go up.. But it didn't, it pullback first then only go up.. My latest post yesterday is the latest view..

"Expectation failed.. The upward move was too sudden and too strong.. It might targeting 1.0270 by tomorrow.."

Which it already went up to 1.0266 this afternoon, so the upward should be finished as of that time.. Currently, I expect it pullback to 1.0100 tomorrow..
Attached Image
  • VennD
    Joined Oct 2007
Quoting HandsFx
Hi Vennd,

Nope.. That one valid if that time it manage to break and go up.. But it didn't, it pullback first then only go up.. My latest post yesterday is the latest view..

"Expectation failed.. The upward move was too sudden and too strong.. It might targeting 1.0270 by tomorrow.."

Which it already went up to 1.0266 this afternoon, so the upward should be finished as of that time.. Currently, I expect it pullback to 1.0100 tomorrow..
Very well then ... I already got one short from 1.0262 and down below , long @ 1.0078. I should scalp both directions from now on ... fresh entries ...

long @ 1.0177 + short @ 1.0218 (+41 pips).
  • Yuchen
    Joined Aug 2009
Quoting VennD
Very well then ... I already got one short from 1.0262 and down below , long @ 1.0078. I should scalp both directions from now on ... fresh entries ...

long @ 1.0177 + short @ 1.0218 (+41 pips).
i had a short from 1.0218 a few hours ago and i closed half at 1.0178 and s/l be the other half just at 1.0218, so good you can open two trades.. i cannot if i want to buy when i have a short position, then my short position will be closed.
  • VennD
    Joined Oct 2007
Quoting Yuchen
i had a short from 1.0218 a few hours ago and i closed half at 1.0178 and s/l be the other half just at 1.0218, so good you can open two trades.. i cannot if i want to buy when i have a short position, then my short position will be closed.
It's unfortunate for u . Should look for other brokers where u can hedge and opt for non-swap acct. Alternately u can apply 2 types of acct ...

Swap Acct & Non-Swap Acct. U can use them like this ... example..

Long AU in Swap Acct , ... and Short AU in Non-Swap Acct. If it is not allowed in 1 broker to hv 2 types of acct ... open the other acct with a different broker.

But pls don't ask me further ... google it else where . (I think yr broker is one of the market maker but pls don't mention its name in here ... of course they doesn't want u to hv an edge over them).
  • Yuchen
    Joined Aug 2009
Quoting VennD
It's unfortunate for u . Should look for other brokers where u can hedge and opt for non-swap acct. Alternately u can apply 2 types of acct ...

Swap Acct & Non-Swap Acct. U can use them like this ... example..

Long AU in Swap Acct , ... and Short AU in Non-Swap Acct. If it is not allowed in 1 broker to hv 2 types of acct ... open the other acct with a different broker.

But pls don't ask me further ... google it else where .
That is a smart idea.. you can earn interest so that you can gaurantee to earn 1 pip everyday...
  • VennD
    Joined Oct 2007
Sell Orders = 230~270
Buy Orders = 165~200

Skunk's Group...

Sell Orders = 230~315
Buy Orders = 070~150

Good Luck !
[BUY/LONG LIMIT ORDER]

entry: 1.0146
TP: 1.0218


[SELL/SHORT LIMIT ORDER]

entry: 1.0273
TP: 1.0202
  • VennD
    Joined Oct 2007
Quoting VennD
....
long @ 1.0177 + short @ 1.0218 (+41 pips).
Earlier released .... 4 US data NOT GOOD ! Another one in 30mins, US Mthly Budget Statement. Projected by consensus also terrible.... but I hv to wait for the actual data.
Earlier ... short @ 1.0234 + long @ 1.0167 (+67 pips)
Total secured +108 pips.
  • VennD
    Joined Oct 2007
USD Index ... 15m & 30m.
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Quoting kibescorp
[SHORT/SELL LIMIT ORDER]

entry: 1.0232
TP: 1.0163

Trade completed
  • VennD
    Joined Oct 2007
Quoting VennD
....
long @ 1.0177 + short @ 1.0218 (+41 pips)
short @ 1.0234 + long @ 1.0167 ( +67 )
long @ 1.0165 + short @ 1.0194 ( +29 )
Total secured +137 pips.
Sell Orders = 205~230
Buy Orders = 165~185

Sell Orders = 180~220
Buy Orders = 110~150

attached : U/C 5m & 15m.
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  • VennD
    Joined Oct 2007
30m & 1H.
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  • VennD
    Joined Oct 2007
Today is a Veteran's Day in US ... and today also , ... is a Rememberance Day in Canada.

So ... we must remember ... and give respect to all those Veterans Forex Traders ... dead ..or ... alive.

Else ... some of them , who'd became zombies might spike us here and there ...
  • VennD
    Joined Oct 2007
I think today ... U/C has only 1 data from US, 11hrs later, The Michigan Consumer Sentiment Index ... projected by consensus to favour USD. Moderate votality type of data abt 20-40 pips ups and downs ... but ... if any Sovereign players come in ... we might also see spikes and big moves.

In the mean time ... I wanna scalps other pairs...

Good luck to your trades !
[SELL/SHORT LIMIT ORDER]

entry: 1.0257
TP: 1.0178


[BUY/LONG LIMIT ORDER]

entry: 1.0139
TP: 1.0229
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