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USD/CAD

  • #12,221
  • Sep 29, 2017 8:03am Sep 29, 2017 8:03am
Quoting MrPresident
{quote} buy the dip with a wide stop and hold the position for the long term next week, the CAD employment data will be bad and it will probably get worse due to strikes and layoffs http://www.ctvnews.ca/business/unifo...nded-1.3611797
Currency pairs are relative.

If US unemployment numbers don't improve as well, there won't be a material change to the pair. The economic impacts from Hurricanes Harvy and Irma have yet to be fully digested.

The big boys consider all factors when making their big position trades.
  • #12,222
  • Sep 29, 2017 12:19pm Sep 29, 2017 12:19pm
Quoting raklian
{quote} Currency pairs are relative. If US unemployment numbers don't improve as well, there won't be a material change to the pair. The economic impacts from Hurricanes Harvy and Irma have yet to be fully digested. The big boys consider all factors when making their big position trades.
overall, the situation in America is better than it is in Canada and the market is already factoring in the possibility that there won't be a rate hike in Canada by year end

if the situation becomes much worse, then the Canadian dollar will be more bearish and there will be another delay in the rate hike since the data won't meet the expectations
Don't Worry Be Happy
  • #12,223
  • Sep 29, 2017 2:36pm Sep 29, 2017 2:36pm
As I keep saying, the writing is on the wall.

Booked 200 pips and closed all positions at 1.2419 and will wait for next week to find another good place to start scaling in long again.
Pride always comes before destruction.... -Proverbs 16:18
  • #12,224
  • Oct 1, 2017 10:52pm Oct 1, 2017 10:52pm
Currently uc is at 61.8% retracement... could be a nice entry for short with sl at 1.2525
Trade what you see, take what the market gives you.
  • #12,225
  • Oct 1, 2017 11:51pm Oct 1, 2017 11:51pm
Usd/Cad consolidating higher near 1.25 level, break above resistance level around 1.2530/40, uptrend would continue towards 1.2650.
  • #12,226
  • Oct 2, 2017 3:22am Oct 2, 2017 3:22am
Quoting Expo33
As I keep saying, the writing is on the wall. Booked 200 pips and closed all positions at 1.2419 and will wait for next week to find another good place to start scaling in long again.
Edit: Booked at 1.2519 from Friday, back in today at 1.2470 out for another +50.

Quoting yourself AND patting yourself on the back at the same time. Disgraceful
Pride always comes before destruction.... -Proverbs 16:18
  • #12,227
  • Oct 2, 2017 5:56am Oct 2, 2017 5:56am
waiting to enter another long position

i think it will be bullish today if the US data is good
Don't Worry Be Happy
  • #12,228
  • Oct 3, 2017 2:44am Oct 3, 2017 2:44am
going short now 1.2527 SL 1.2542 TP 1.2390 )
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #12,229
  • Oct 3, 2017 5:04am Oct 3, 2017 5:04am
hello lonely USDCAD thread. Update on my UCAD shorts posted above. 4-hour chart posted for better view

Overall, I remain short

I was able to grab a few extra pips last week, before re-establishing some shorts. But as I am not a day trader, I am rarely able to trade intraday like this. It's good when it happens!
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD shorts daily 3Oct17.jpg Size: 391 KB
  • #12,230
  • Oct 3, 2017 7:10am Oct 3, 2017 7:10am
hi all

my trial an erorr
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 49 KB
i'm ever lose $2000, now time to go grow up
  • #12,231
  • Oct 3, 2017 2:46pm Oct 3, 2017 2:46pm
i think that it will go to 1.26 and then reverse
Don't Worry Be Happy
  • #12,232
  • Oct 3, 2017 3:11pm Oct 3, 2017 3:11pm
The USDCAD is consolidating around the 1.2500 level, but it is still above the 55 day EMA, which means that the pair may try to continue higher. Another drop on oil could help the pair reverse its trend to the upside.
  • #12,233
  • Oct 5, 2017 5:40am Oct 5, 2017 5:40am
CAD bears win

next target could be 1.26
Don't Worry Be Happy
  • #12,234
  • Oct 5, 2017 5:58am Oct 5, 2017 5:58am
nothing between now and 1.26, looks like a price vacuum

look at daily chart
Don't Worry Be Happy
  • #12,235
  • Oct 5, 2017 6:51am Oct 5, 2017 6:51am
I think the pair has finally broken out above 1.2530. If that is indeed the case the correction to the upside could last to 1.2740.
  • #12,236
  • Oct 5, 2017 7:48am Oct 5, 2017 7:48am
CAD employment data will probably be bad tomorrow

i know because i live in Canada
Don't Worry Be Happy
  • #12,237
  • Oct 5, 2017 10:27am Oct 5, 2017 10:27am
CAD getting dumped...
  • #12,238
  • Oct 5, 2017 10:44am Oct 5, 2017 10:44am
Quoting Don96
CAD getting dumped...
Sure, but what goes up must also come down. When will this move up have a sizeable correction?

It's got to be somewhere between 1.2650 and 1.2750 where there's a whole bunch of technical confluence.
  • #12,239
  • Oct 6, 2017 2:19am Oct 6, 2017 2:19am
When it broke out above 1.2530 I almost opened a long position before I remembered that the NFP announcement was today and I thought better of it. I'd rather see what effect the NFP will have first before I open any positions
  • #12,240
  • Oct 6, 2017 6:39am Oct 6, 2017 6:39am
maybe it will go to 1.26
Don't Worry Be Happy
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