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USD/CAD

  • #12,001
  • Sep 7, 2017 5:28am Sep 7, 2017 5:28am
I love those kind of movement especially at the exact time stated for the release. Did a pretty decent profit with different results with the brokers I am trading with the best ratio for spread/slippage goes to my main Broker JFD and at than FXpro comes second. After the news am I the only one who thinks of starting building his longs? Will be watching the Oil release closely and decide after that.
  • #12,002
  • Sep 7, 2017 5:44am Sep 7, 2017 5:44am
The pair broke out below 1.2200 and kept depreciating. The trend is so bearish that I wouldn't be surprised if it reaches 1.2000 without much of a correction on the way down.
  • #12,003
  • Sep 7, 2017 7:16am Sep 7, 2017 7:16am
A new bottom in sight. Expecting more downside.
  • #12,004
  • Sep 7, 2017 7:32am Sep 7, 2017 7:32am
Big move by the BOC ate up three days of downside range in the blink of an eye. If you were bullish you didn't even have time to react so if you lost money don't feel to bad. If you were short you were in the money. If you're still holding short and going for the long term I'm sure stops are safe at 1.226ish maybe. I suspect the price will range in between yesterdays low and todays high for a while due to the knock out punch dealt by the BOC. On my daily the handle in pinned on the lower half of a daily channel that runs back to late June. I doubt the low will break with a massive build of pending orders lurking in the shadows but who knows ha ha.
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Stacking pips since 2002
  • #12,005
  • Sep 7, 2017 7:47am Sep 7, 2017 7:47am
Quoting forexjedi
Big move by the BOC ate up three days of downside range in the blink of an eye. If you were bullish you didn't even have time to react so if you lost money don't feel to bad. If you were short you were in the money. If you're still holding short and going for the long term I'm sure stops are safe at 1.226ish maybe. I suspect the price will range in between yesterdays low and todays high for a while due to the knock out punch dealt by the BOC. On my daily the handle in pinned on the lower half of a daily channel that runs back to late June. I doubt...
So far no buyers...interesting buying. CAD on its extreme buying, so i'll be looking buy usdcad.

First lets wait for the sellers to stop
COT: The precious data ignored
  • #12,006
  • Sep 7, 2017 7:54am Sep 7, 2017 7:54am
Quoting kuroro001
{quote} So far no buyers...interesting buying. CAD on its extreme buying, so i'll be looking buy usdcad. First lets wait for the sellers to stop
Im showing a nice build down to 1.21. Lets see what happens. Market orders could run the show again.
Stacking pips since 2002
  • #12,007
  • Sep 7, 2017 8:03am Sep 7, 2017 8:03am
Quoting forexjedi
{quote} Im showing a nice build down to 1.21. Lets see what happens. Market orders could run the show again.
Yes i guess, but almost 1700 pips down...even though the downtrend is nice and steady...i'll Watch out
COT: The precious data ignored
  • #12,008
  • Sep 7, 2017 8:17am Sep 7, 2017 8:17am
Weekly support 2 has been touch for the second time! Good buy hedging opportunity for me !
  • #12,009
  • Sep 7, 2017 8:43am Sep 7, 2017 8:43am
Wonder where take profit will be
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Focus
  • #12,010
  • Sep 7, 2017 8:49am Sep 7, 2017 8:49am
Quoting mrstblefx
Wonder where take profit will be {image}
Selling bottom ?

The current bounce is on low vol so i expect a retest of the lows again...but it could bounce back up if usd goes down
COT: The precious data ignored
  • #12,011
  • Sep 7, 2017 9:02am Sep 7, 2017 9:02am
Growing volume on the bottom so far...but not enough for the buyers
COT: The precious data ignored
  • #12,012
  • Sep 7, 2017 10:11am Sep 7, 2017 10:11am
Guys I am having an issue with Ava. I setup a sell stop at 1.2380 before the BOC and initially they processed it at 1.2260. Now they canceled that telling me it was a system issue and the cotes went directly to 1.2142.

What can I do? Did anyone have a similar issue?
  • #12,013
  • Sep 7, 2017 11:27am Sep 7, 2017 11:27am
Long @ 1.2130, SL has now been moved up to 1.2140 to bring a little profit in case of reversal. TP @ 1.21810
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #12,014
  • Sep 7, 2017 12:11pm Sep 7, 2017 12:11pm
Quoting OhComeOn
Long @ 1.2130, SL has now been moved up to 1.2140 to bring a little profit in case of reversal. TP @ 1.21810
SL hit, Profit 10 PIP's.

Re-Entered Long at 1.2140, SL 1.2136 TP 1.2181
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #12,015
  • Sep 7, 2017 12:15pm Sep 7, 2017 12:15pm
Quoting OhComeOn
{quote} SL hit, Profit 10 PIP's. Re-Entered Long at 1.2140, SL 1.2136 TP 1.2181
sl hit at 40..and rentered at ..40? hmm
  • #12,016
  • Sep 7, 2017 1:08pm Sep 7, 2017 1:08pm
Plenty of momentum to the downside on the daily timeframe. There may be some pullbacks coming but I think it'll go all the way down to 1.16 or even 1.10. They're still talking about BoC doing another interest rate hike and you've got the government shutdown and debt ceiling thing going on in Washington. Oh, don't forget Hurricane Irma coming to lay waste to Florida's economy in addition to what Harvey has already done to Texas.
  • #12,017
  • Sep 7, 2017 1:28pm Sep 7, 2017 1:28pm
Quoting Venomousssss
{quote} sl hit at 40..and rentered at ..40? hmm
It bounced back, was looking for it to go long for the next few hours at a snails pace. Unfortunately it dropped back a 2nd time and knocked me out. Now will not re-enter for a while.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #12,018
  • Sep 7, 2017 1:30pm Sep 7, 2017 1:30pm
you might try one at 1.2094-96 area..but really..id be looking just for shorts..
  • #12,019
  • Sep 7, 2017 1:40pm Sep 7, 2017 1:40pm
I agree on the shorts, just figured there would be some retrace. Shorted yesterday from 1.2230 to 1.2116, had a great day and kind of got greedy as well as jumping to risky mode. Will re-enter later today shorting this pair.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #12,020
  • Sep 7, 2017 1:48pm Sep 7, 2017 1:48pm
good opportunities to short rallies for the medium term with targets towards 1.20 and below
Don't Worry Be Happy
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