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eqshack Oct 27, 2016 5:50am | Post# 10801

its great to play pingpong with USDCAD. Shorted again 1.3390 area with SL 1.3405 TP OPEN- looking at 1.3315 for first TP and if she breaks ill set SL to 1.3325

Monokl Oct 27, 2016 9:30am | Post# 10802

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Still holding my long almost 1 weeks. Anticipate Long still intact.
it is seems like a correction.
have to wait and see approach.

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eqshack Oct 27, 2016 10:15am | Post# 10803

its great to play pingpong with USDCAD. Shorted again 1.3390 area with SL 1.3405 TP OPEN- looking at 1.3315 for first TP and if she breaks ill set SL to 1.3325

out with profit.Waiting for usdcad to pop above 1.3400 might consider long then

nrsxvi Oct 29, 2016 8:06am | Post# 10804

2 Attachment(s)
Excellent opportunity to sell at a horizontal cluster (50% retracement + 161.8% extension). There is also a cluster of Fibonacci time projections that have proven performance. After passing a level the Fibonacci time projection, price should move in the opposite direction. Fibonacci time projection is built on two maxima and two minima (second screenshot). It's levels: T161.8%, T200%, T261.8%, T300%.
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hamidabdiyan Oct 30, 2016 5:42pm | Post# 10805

hi guys

is there any new idea for short usdcad?

drpips1 Oct 30, 2016 9:21pm | Post# 10806

I am short since Tuesday, may add one more position.

pipshaman Oct 31, 2016 3:55am | Post# 10807

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Namaste! USDCAD (I use 1 hr TF) is ranging. I wait for it to breakout.

Regards!
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dianajs Oct 31, 2016 6:02am | Post# 10808

USD/CAD is dropping after forming a spinning top bar below 1.3430 on the daily time frame. I think it will test the support at 1.3330 again before moving to the upside.

swimmax Oct 31, 2016 11:27am | Post# 10809

last week we built every day on the day before but it looks like last fridays high at 1.3432, if that isn't broken we might see a slight correction back to 1.33. I would love to see 1.30 to get back in long, for now short

Erebus Oct 31, 2016 4:33pm | Post# 10810

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last week we built every day on the day before but it looks like last fridays high at 1.3432, if that isn't broken we might see a slight correction back to 1.33. I would love to see 1.30 to get back in long, for now short
Well, you don't ask for much do you? 1.30 is the 4 week low

I think more likely to see 1.36 before 1.30

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eqshack Oct 31, 2016 4:35pm | Post# 10811

no shorts if she is above 1.3405 area.Short if she falls thru 1.3395 with SL 1.3405..
long if she is above 1.3400 and target is unknown but first of all if u trade with CAD look at OIL price

eqshack Nov 1, 2016 2:59am | Post# 10812

in with long 1.3406 SL 1.3398 TP OPEN. Keeping close eye on OIL because it might run up again and thats the reason why my SL is so Tight

dianajs Nov 1, 2016 6:17am | Post# 10813

USD/CAD formed a doji bar below the resistance at 1.3430 on the daily time frame. The more of these bars it forms, the more convinced I become that there will be a move to the downside.

dianajs Nov 2, 2016 12:23pm | Post# 10814

The pair did move to the downside but for now it's consolidating sideways above 1.3350. I closed my short position and I am waiting to see whether it will break below that level.

MasterJedi Nov 2, 2016 12:53pm | Post# 10815

So what's with all pin bars on the 1hr. Was it a stop hunting festival today? I'm eager to see which way this breaks.

swimmax Nov 3, 2016 11:25am | Post# 10816

{quote} Well, you don't ask for much do you? 1.30 is the 4 week low I think more likely to see 1.36 before 1.30 {image}
I usually ask for too much from USD/CAD

andoseg2 Nov 4, 2016 2:45am | Post# 10817

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{quote} Update : A higher low is created wich give use a tighter SL for a long entry : {image}

Update : our trade was triggered and we should move our SL @ $1.335 for a reduction of initial risk with 100% . Our trend remain bullish .

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smikester Nov 4, 2016 6:13am | Post# 10818

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Perfect storm possibility on this pair in a couple of hours.

swimmax Nov 4, 2016 10:35am | Post# 10819

Stop hunt then an immediate 50 pip drop, took out one of my trades still have the other

skyhok Nov 5, 2016 9:23pm | Post# 10820

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Trading the ED - short on wave iv of ending diagonal c for an R/R > 9.0
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