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USD/CAD

  • #12,321
  • Oct 25, 2017 10:23am Oct 25, 2017 10:23am
Quoting VuLe
I would short here (edit - 1.2784 is where my short is)... will add another short if I have to around 1.2800. Sl 1.2830 tp undecided (could close manually) looking at target around 1.248x
Out just like that.. this 200pip spike.
Trade what you see, take what the market gives you.
  • #12,322
  • Oct 25, 2017 10:39am Oct 25, 2017 10:39am
Giving it a chance here with short 1,2788 (for now 100 pips stop) and looking at 1,251x but up for change
COT: The precious data ignored
  • #12,323
  • Oct 25, 2017 11:24am Oct 25, 2017 11:24am
Quoting livetotrade
looking for 1.2868 today unless tax news comes out daily chart the next resistance after 1.2777

This is still in play with nothing coming out to change it with CAD it should reach it sometime today unless some news coming out of Washington.
  • #12,324
  • Oct 25, 2017 12:35pm Oct 25, 2017 12:35pm
I start shorting around here targeting 1.27 or lower, i believe in downtrend resumption and that this is just a spike.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture+_2017-10-25-10-32-18.png Size: 92 KB
Qqq Return Today: 0.7%
  • #12,325
  • Oct 25, 2017 2:38pm Oct 25, 2017 2:38pm
Quoting 9jatrader
{quote} Bulls gathering strength. The breakout of ranging would be explosive
USDCAD bulls celebrating
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #12,326
  • Oct 25, 2017 2:41pm Oct 25, 2017 2:41pm
This is the beginning of the long movement ahead of us. When markets ranges for sometime the breakout is almost one direction and easier to trade. that was the reason I said it would be explosive
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #12,327
  • Oct 25, 2017 4:36pm Oct 25, 2017 4:36pm
Inverse Head and Shoulders confirmed today. I was stopped out on shorts on this monster move up so not in trade yet. Long orders at 1.2747, stops below 1.2447, targets starting around 1.3180. Not great risk reward but I plan to add on the way up and trail stops.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 88 KB
Ecclesiastes 1:9
  • #12,328
  • Oct 25, 2017 4:43pm Oct 25, 2017 4:43pm
Quoting newbegger
Inverse Head and Shoulders confirmed today. I was stopped out on shorts on this monster move up so not in trade yet. Long orders at 1.2747, stops below 1.2447, targets starting around 1.3180. Not great risk reward but I plan to add on the way up and trail stops.{image}
You took very wrong position. It would have been clear if monitor the monthly last month Pin bar
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #12,329
  • Oct 25, 2017 5:00pm Oct 25, 2017 5:00pm
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 85 KB

Quoting 9jatrader
{quote} You took very wrong position. It would have been clear if monitor the monthly last month Pin bar
It's only wrong when it does not work. I was 5 pips away from awesome profit (3/1 reward/risk). It's part of the game, taking very wrong positions that fall within your trading plan.
Ecclesiastes 1:9
  • #12,330
  • Oct 25, 2017 9:41pm Oct 25, 2017 9:41pm
Quoting newbegger
Inverse Head and Shoulders confirmed today. I was stopped out on shorts on this monster move up so not in trade yet. Long orders at 1.2747, stops below 1.2447, targets starting around 1.3180. Not great risk reward but I plan to add on the way up and trail stops.{image}
That's a good longterm target, well, more like 1.31627 to be exact which is only 17.3 pips away from that. I try to be exacts on the exits because sometimes price lightly taps it and then goes the other way. I really don't trust what it does afterwards.
Here's Tom with the weather.
  • #12,331
  • Oct 25, 2017 10:12pm Oct 25, 2017 10:12pm
Quoting raklian
The drop is coming. It's a matter of when not if.
Literally your statement was the beginning of the 700 pip bullish impulse. As I said the writing was on the wall. I hope not too many rookies listened to your continuous UCAD going to 1.11 predictions. Stick to the charts and leave the fundamentals to the pros.
Pride always comes before destruction.... -Proverbs 16:18
  • #12,332
  • Oct 26, 2017 12:41am Oct 26, 2017 12:41am
Quoting Expo33
{quote} Literally your statement was the beginning of the 700 pip bullish impulse. As I said the writing was on the wall. I hope not too many rookies listened to your continuous UCAD going to 1.11 predictions. Stick to the charts and leave the fundamentals to the pros.
It's bloody going against movement. You have said it all. Nice post
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #12,333
  • Oct 26, 2017 12:44am Oct 26, 2017 12:44am
Waiting for USDCAD to come down? You have missed the train; wait for the nest train
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #12,334
  • Oct 26, 2017 3:40am Oct 26, 2017 3:40am
I'm pretty sure all bullish guys now were bearish when it was at 1,20....lets wait now
COT: The precious data ignored
  • #12,335
  • Oct 26, 2017 5:15am Oct 26, 2017 5:15am
The bulls are in control for the moment. USD/CAD may be stuck in a tight range above 1.2780, but I think that once that ends it will keep moving north to 1.3000.
  • #12,336
  • Oct 26, 2017 7:54am Oct 26, 2017 7:54am
Now everybody knows that is reaching for 1.30. Today will see the second leg up and tomorrow is Friday so it will be a rolllecoaster. Have fun on the ride though
  • #12,337
  • Oct 26, 2017 8:01am Oct 26, 2017 8:01am
Quoting DwainUK
Now everybody knows that is reaching for 1.30. Today will see the second leg up and tomorrow is Friday so it will be a rolllecoaster. Have fun on the ride though
Its hard to get through the top as people don't want to end up buying a top
COT: The precious data ignored
  • #12,338
  • Oct 26, 2017 8:01am Oct 26, 2017 8:01am
Quoting DwainUK
Now everybody knows that is reaching for 1.30. Today will see the second leg up and tomorrow is Friday so it will be a rolllecoaster. Have fun on the ride though
Great fun
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #12,339
  • Oct 26, 2017 8:12am Oct 26, 2017 8:12am
Any chance it will come back down to 1.27800?
  • #12,340
  • Oct 26, 2017 8:16am Oct 26, 2017 8:16am
1.2810 has shown as a strong resistance though traders waiting the 1.2820 will be touched to open Buy Position of course after Pending Home Sales News and it will trnding between 1.2790 till 1.2807 but it will get to 1.2876 till end of today and may more
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