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smikester Aug 13, 2016 3:38am | Post# 10481

{quote} Either way, I am doing what all good traders do. Keep adding to an over leveraged losing revenge trade, then put some lipstick on that pig it and marry it. Then delude yourself by rationalizing 24/7 so you can convince yourself that your beloved pig will become a beautiful princess. Cheers all , have a good weekend
Priceless!

moayadalsale Aug 13, 2016 8:09am | Post# 10482

i left my long positions opened

and the good news is baker hughes has increased Rig Count , i think this means good

frx_trader Aug 13, 2016 8:47am | Post# 10483

The bear will jump into on any occasion. There are lots of buy orders @ 1.29. But once that is taken out, Big Bear is in charge.

OTH, if buyers push it up to 1.30 and can defend. The Bull comes into play.

It can be very interesting.

frx_trader Aug 13, 2016 8:50am | Post# 10484

We could see 400 pips swing down from here to 125.

sapere.aude Aug 14, 2016 4:33am | Post# 10485

{quote} Either way, I am doing what all good traders do. Keep adding to an over leveraged losing revenge trade, then put some lipstick on that pig it and marry it. Then delude yourself by rationalizing 24/7 so you can convince yourself that your beloved pig will become a beautiful princess. Cheers all , have a good weekend
You captured the essence of retail trading right there, sig material.

Expo33 Aug 14, 2016 5:24pm | Post# 10486

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Divergence can be a fickle whore, but eventually she will get paid. Going to be an interesting week.

I imagine a lot of retail stops were collected below 130. Have the bulls been beaten into submission? A break of support back down towards 1.28 or a fight back to 1.3040 area? IMHO, 129.50 is well supported. Big gains in oil last week and lots of bad US data and yet the bears failed to break support. Soldiers fix your bayonets, give us the MP or give us death. Anyone waving the white flag before 1.289 will be hung for treason. Now march forward soldiers!

Note: The last time UCAD had 6 daily candles in a row close lower was February of 2014

Green pips to all
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procrude Aug 15, 2016 7:16am | Post# 10487

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gravestone dogi on crude
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mamalujo Aug 15, 2016 10:01am | Post# 10488

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lets see if oil rebounds from here. if it does, usdcad should begin to rallyClick to Enlarge

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dianajs Aug 15, 2016 11:16am | Post# 10489

USD/CAD could rebound from 1.2900, but if it breaks below that level it I think it will continue dropping towards 1.2800, maybe even 1.2700. If it does break below 1.2900 I will open new short positions.

procrude Aug 15, 2016 6:16pm | Post# 10490

usdcad not looking good

bladerogers Aug 15, 2016 11:18pm | Post# 10491

usdcad not looking good
what does that even mean? Up or down, it can be good either way as a trader.

Vantage FX Aug 15, 2016 11:58pm | Post# 10492

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Is this the pullback into support before buyers step in again to resume the higher time frame bullish trend?
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dianajs Aug 16, 2016 5:57am | Post# 10493

The pair is very bearish and I think it will reach 1.2800 soon. If it breaks out below that level it will continue dropping towards 1.2750 - 1.2740.

Squiggles Aug 16, 2016 6:38am | Post# 10494

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Squiggles Aug 16, 2016 6:59am | Post# 10495

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{image}{image}
or now if your feeling braveClick to Enlarge

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Squiggles Aug 16, 2016 7:18am | Post# 10496

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{quote} or now if your feeling brave{image}
is he out of ammo
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procrude Aug 16, 2016 9:07am | Post# 10497

i hope this little upward movement on usdcad keeps going upward

Squiggles Aug 16, 2016 9:39am | Post# 10498

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{quote} is he out of ammo {image}
and the bear bounce Click to Enlarge

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Squiggles Aug 16, 2016 10:05am | Post# 10499

i hope this little upward movement on usdcad keeps going upward
Hope's a fine thing so long as you don't believe in it.

noFXguru Aug 16, 2016 11:58pm | Post# 10500

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oil is looking a little weak to me right now. UC is also at weekly s2 pivot and may find some support down here around 1.2850. maybe we'll see a little pullback to around the 1.30 area
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