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USD/CAD

  • #11,881
  • Aug 28, 2017 6:07pm Aug 28, 2017 6:07pm
i got me in a bad position shorting at 2488. reasoning was that it pulled back from 2450, eu up so ucad shall go down, also the hurricane in tx shall bring oil up hence cad up. now will it reverse on me or shall I keep the loss to run? shouldev known better than shorting what is so low already or at least downsize position as to not cry over 30 pips. there go all my gains from last week. fml.
Qqq Return Today: 0.7%
  • #11,882
  • Aug 28, 2017 6:21pm Aug 28, 2017 6:21pm
Quoting Expo33
Long from 1.2458 looking for 60 pips. SL @BE {image}
Target hit
Pride always comes before destruction.... -Proverbs 16:18
  • #11,883
  • Aug 29, 2017 5:27am Aug 29, 2017 5:27am
Quoting cabbiefx
i got me in a bad position shorting at 2488. reasoning was that it pulled back from 2450, eu up so ucad shall go down, also the hurricane in tx shall bring oil up hence cad up. now will it reverse on me or shall I keep the loss to run? shouldev known better than shorting what is so low already or at least downsize position as to not cry over 30 pips. there go all my gains from last week. fml.
Good logic but bad mentality. The proper way to handle you situation would be to close and wait to sell the highs. Attitude is everything.
Stacking pips since 2002
  • #11,884
  • Aug 29, 2017 5:59am Aug 29, 2017 5:59am
USD/CAD is very bearish. I think the move to the downside will continue and the closest target is around 1.2415 - 1.2400.
  • #11,885
  • Aug 29, 2017 9:13am Aug 29, 2017 9:13am
This is how I'm seeing it based on the chart alone. Looks like it could've bottomed for a while.
Attached Image (click to enlarge)
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There's always money in the banana stand.
  • #11,886
  • Aug 29, 2017 11:16am Aug 29, 2017 11:16am
Expecting the min upside to 1.2640 but can move further upppppppp
Forex Learner
  • #11,887
  • Aug 29, 2017 11:20am Aug 29, 2017 11:20am
Long at 1.2506... See where this one goes. Looking for 100 pips minimum.
  • #11,888
  • Aug 29, 2017 1:44pm Aug 29, 2017 1:44pm
Yes, I also believe the downtrend has ended for this pair
Attached Image (click to enlarge)
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  • #11,889
  • Aug 29, 2017 1:52pm Aug 29, 2017 1:52pm
My technical outlook on USDCAD is bearish. But nothing had occurred since yesterday that was of interest to me as a swing trader. However, a confluence area on the H4 time frame could be of interest for a short-term swing trading southward if price action gets there. The area is between 1.25794 and 1.26199 (bound in magenta coloured horizontal lines).

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #11,890
  • Aug 29, 2017 11:03pm Aug 29, 2017 11:03pm
Been checking the futures market over the last few days....... (emicro CAD/USD 9/19/17 expiration)...... forex usd/cad seems to have a bearish sentiment......which would mean a bullish sentiment in the futures market(s).........Cad is definitively in bullish mode so it seems.......
Attached Image (click to enlarge)
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Focus
  • #11,891
  • Aug 30, 2017 4:18am Aug 30, 2017 4:18am
The bearish sentiment is over. The Bottom was tested twice already. Only thing i would do is buy as it is going to 1.29 in the next month or so.
  • #11,892
  • Aug 30, 2017 7:22am Aug 30, 2017 7:22am
Quoting PariCovek
Long at 1.2506... See where this one goes. Looking for 100 pips minimum.
52 pips up, I can see 1.2600 in sight... If it can break 1.264 and hold above it on Daily, then 1.28 at minimum, possibly 1.30. Might take a while, but who's in a rush.
  • #11,893
  • Aug 30, 2017 9:13am Aug 30, 2017 9:13am
1.2595-1.2600 might be the highest for today. Just guessing...
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #11,894
  • Aug 30, 2017 9:25am Aug 30, 2017 9:25am
Quoting NotAtrader
1.2595-1.2600 might be the highest for today. Just guessing...

IT IS REACHED THE AVERAGE DAILY RANGE

Attached Image
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #11,895
  • Aug 30, 2017 9:32am Aug 30, 2017 9:32am
Quoting PariCovek
{quote} 52 pips up, I can see 1.2600 in sight... If it can break 1.264 and hold above it on Daily, then 1.28 at minimum, possibly 1.30. Might take a while, but who's in a rush.
Exit +100... Might enter again if there is a dip.
  • #11,896
  • Aug 30, 2017 9:34am Aug 30, 2017 9:34am
Quoting NotAtrader
1.2595-1.2600 might be the highest for today. Just guessing...
Forming a shooting star and divergence on 1m to 15m tf.

But the US dollar index still gaining strength.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #11,897
  • Aug 30, 2017 11:18am Aug 30, 2017 11:18am
Quoting vela
Yes, I also believe the downtrend has ended for this pair {image}
USDCAD has broke the downtrend very hard so I hope you traders have catched this movement. Now I am waiting for a possible swing in the main trend.
Attached Image (click to enlarge)
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  • #11,898
  • Aug 30, 2017 4:56pm Aug 30, 2017 4:56pm
Quoting vela
{quote} USDCAD has broke the downtrend very hard so I hope you traders have catched this movement. Now I am waiting for a possible swing in the main trend. {image}
What do u mean by swing in the main trend?
  • #11,900
  • Aug 30, 2017 9:22pm Aug 30, 2017 9:22pm
Pending shorts waiting from 1.2465-80 should be some initial supply up there. Hope they get fillled.
Pride always comes before destruction.... -Proverbs 16:18
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