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USD/CAD

  • #12,521
  • Dec 12, 2017 1:06pm Dec 12, 2017 1:06pm
Afternoons are so slowwwww on this pair. But had a great day so far, cannot wait to cash out and reenter long. To bad I don't have lots of beer, would make the waiting more interesting. Take that back, I am going to fix the beer problem in 5,4,3,....
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #12,522
  • Dec 15, 2017 12:01am Dec 15, 2017 12:01am
Trade plan earlier. 4hr - I now have multiple longs sitting. One of 3 scenarios?
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We Can
  • #12,523
  • Dec 15, 2017 6:42am Dec 15, 2017 6:42am
Quoting KingOSwing
Trade plan earlier. 4hr - I now have multiple longs sitting. One of 3 scenarios? {image}
Good Man, Keep it up
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  • #12,524
  • Dec 15, 2017 8:51am Dec 15, 2017 8:51am
Sigh. I've had a big short open since two days at 1.28. I've had decent profits two times but never got my TP and now I'm back in red. Why can't this damn pair go straight down like it has done for months and years. I expected this to at least get to 1.2675-50 but for some reason it hit a wall right in where it previous didn't stop.
  • #12,525
  • Dec 15, 2017 8:58am Dec 15, 2017 8:58am
Quoting coldvinc
Sigh. I've had a big short open since two days at 1.28. I've had decent profits two times but never got my TP and now I'm back in red. Why can't this damn pair go straight down like it has done for months and years. I expected this to at least get to 1.2675-50 but for some reason it hit a wall right in where it previous didn't stop.
UCad tends to move both ways extensively, based on my recent interest in UCad (more here).
  • #12,526
  • Dec 15, 2017 9:06am Dec 15, 2017 9:06am
Quoting MoneyFocus
{quote} UCad tends to move both ways extensively, based on my recent interest in UCad (more here).
How would you trade this current market? Or got tips for my predicament? It just keeps moving up again, already -40 pips...
  • #12,527
  • Dec 15, 2017 9:08am Dec 15, 2017 9:08am
Quoting coldvinc
{quote} How would you trade this current market? Or got tips for my predicament? It just keeps moving up again, already -40 pips...
It's a pair that is very volatile....40 pips should be in your expectations...you must be over-leveraged...how many lots did you put through and what's your equity/account size?
  • #12,528
  • Dec 15, 2017 9:09am Dec 15, 2017 9:09am
Quoting MoneyFocus
{quote} It's a pair that is very volatile....40 pips should be in your expectations...you must be over-leveraged...how many lots did you put through and what's your equity/account size?
This is what I have right now. Just look at that PA. In the past two months it has never moved like this and yet now it suddenly jumps up and down 100 pips.
It made lower lows, was moving along nicely with the help of Poroz and now look. All the way back up with me in red, again.
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  • #12,529
  • Dec 15, 2017 9:15am Dec 15, 2017 9:15am
Quoting Squiggles
{quote} Good Man, Keep it up{image}
Sweet
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  • #12,530
  • Dec 15, 2017 9:28am Dec 15, 2017 9:28am
Doesn't this look like a triple top setup? The third top is weaker than the previous two and it's at the top of a corrective bullish move.

The second time the price went down it failed to actually break through. It's like a text book short setup from babypips:
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Is there another way to look at it which would make it a more bullish setup?

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  • #12,531
  • Dec 15, 2017 9:50am Dec 15, 2017 9:50am
i open short 1.28600 with stop 1.28800

target zone 1.28000 and more down
  • #12,532
  • Dec 15, 2017 11:03am Dec 15, 2017 11:03am
What a GREAT DAY!! closed long and opened Short from 1.28772.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #12,533
  • Dec 15, 2017 11:24am Dec 15, 2017 11:24am
Quoting coldvinc
Sigh. I've had a big short open since two days at 1.28. I've had decent profits two times but never got my TP and now I'm back in red. Why can't this damn pair go straight down like it has done for months and years. I expected this to at least get to 1.2675-50 but for some reason it hit a wall right in where it previous didn't stop.
The monthly had formed strong bullish setup long ago- strong Pin Bar, on September. The setup was too strong and gradually picking up.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -50.2%
  • #12,534
  • Dec 15, 2017 11:33am Dec 15, 2017 11:33am
Quoting OhComeOn
What a GREAT DAY!! closed long and opened Short from 1.28772.
Moves like this (no fundamental reason) is usually stop run, Or, a mover is putting on or taking off big position. Shorting now is low probability of success.
Ecclesiastes 1:9
  • #12,535
  • Dec 15, 2017 2:47pm Dec 15, 2017 2:47pm
Quoting newbegger
{quote} Moves like this (no fundamental reason) is usually stop run, Or, a mover is putting on or taking off big position. Shorting now is low probability of success.
4H Trend has reached just under verified resistance, has to come down a bit to reload. Am not figuring to hold this short for much time, don't want to miss the fantastic upcoming long that I see in my indicators on the daily, weekly, and monthly. Just want to scalp a quick 100 pips more or less before the turn. Plus I am only throwing in 1 lot because of the probability.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #12,536
  • Dec 15, 2017 3:43pm Dec 15, 2017 3:43pm
Am I missing something with USDCAD? This still looks like a good short long term, no? I mean, the price has now tried 1.29 FIVE times and failed.
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  • #12,537
  • Dec 15, 2017 4:34pm Dec 15, 2017 4:34pm
Quoting coldvinc
Am I missing something with USDCAD? This still looks like a good short long term, no? I mean, the price has now tried 1.29 FIVE times and failed. {image}
Can you define how you are using "long term"? I am not trying to be sarcastic, its just that some people scalp on 5M and see long term different than someone who may trade on the 4H, etc.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #12,538
  • Dec 15, 2017 4:38pm Dec 15, 2017 4:38pm
I'm trading 4H and up so long term as in, the next month(s).
  • #12,539
  • Dec 15, 2017 4:51pm Dec 15, 2017 4:51pm
[quote=KingOSwing
big up ya pussy
  • #12,540
  • Edited 5:28pm Dec 15, 2017 5:18pm | Edited 5:28pm
Quoting coldvinc
I'm trading 4H and up so long term as in, the next month(s).
From what I see is we have been in a range since mid October, and believe it or not, we are still in the uptrend. I see we are coming to the end of the 4H uptrend. There are indicators stating we will be going down a bit on the 1H, & 4H, but the higher time frames show we will be going higher before a large drop. However, I could be wrong, have been before. This is just what I see on my indicators. Guess we will see next week, I try not to overthink these things and just follow my indicators. I get a lot more success that way.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
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