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USD/CAD

  • #12,541
  • Dec 16, 2017 10:44am Dec 16, 2017 10:44am
I will always be selling this pair. It's currently way too overvalued.

Plenty of down wards move to go, just a matter of how fast it takes to get there
A 1 pip gain is better than a 1 pip loss.
  • #12,542
  • Dec 16, 2017 12:34pm Dec 16, 2017 12:34pm
Seem consolidation will continue into the next week.
  • #12,543
  • Dec 17, 2017 9:51am Dec 17, 2017 9:51am
Quoting coldvinc
I'm trading 4H and up so long term as in, the next month(s).
There could be strong retracement- bearish on the 4hr TF. Now I see your bearish bias. It's good to indicate the time frame we trade when we post
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #12,544
  • Dec 17, 2017 10:04am Dec 17, 2017 10:04am
Quoting 9jatrader
{quote} There could be strong retracement- bearish on the 4hr TF. Now I see your bearish bias. It's good to indicate the time frame we trade when we post
And I can see the bullish bias now as well, but on the highest TF, monthly, it does still look pretty bearish. LL and LH. It's like it's trying to break lower and higher but has failed for the last couple of months.

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  • #12,545
  • Dec 17, 2017 10:11am Dec 17, 2017 10:11am
Quoting coldvinc
{quote} And I can see the bullish bias now as well, but on the highest TF, monthly, it does still look pretty bearish. LL and LH. It's like it's trying to break lower and higher but has failed for the last couple of months. {image}
Correct
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #12,546
  • Dec 17, 2017 10:42am Dec 17, 2017 10:42am
No trades planned on usdcad, I am waiting at MN bearish engulf for short continuation.

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  • #12,547
  • Dec 17, 2017 10:44am Dec 17, 2017 10:44am
Sell limit order triggered last session.
Prepare for decline on a five waves wave c towards 1.2500 area.
Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
  • #12,548
  • Dec 17, 2017 8:33pm Dec 17, 2017 8:33pm
Usd/Cad consolidation seems continue.
  • #12,549
  • Dec 17, 2017 10:43pm Dec 17, 2017 10:43pm
Quoting NicksPicks
No trades planned on usdcad, I am waiting at MN bearish engulf for short continuation. {image}
Bearish engulfing or any great candlestick patterns formed at the wrong place can burn fingers. Waiting for engulfing cannot invalidate the strong setup formed in September, strong Pin Bar
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #12,550
  • Dec 18, 2017 5:15am Dec 18, 2017 5:15am
Quoting 9jatrader
{quote} Bearish engulfing or any great candlestick patterns formed at the wrong place can burn fingers. Waiting for engulfing cannot invalidate the strong setup formed in September, strong Pin Bar
If you say so. No one has a magic ball that can predict the future.
  • #12,551
  • Dec 18, 2017 7:31am Dec 18, 2017 7:31am
Unfortunately, I'm starting to become more bullish as well. which sucks big time for me but the way the price is pushing against the ceiling is not a good thing for the bears.
  • #12,552
  • Dec 18, 2017 7:34am Dec 18, 2017 7:34am
I don't see Usd/Cad as bullish yet. This pair tends to swing wildly both sides, so this recovery and upwards move doesn't have me convinced just yet. Kindly note I have no position on Usd/Cad nor does the above count as an analysis. Just...a quick note.
  • #12,553
  • Dec 18, 2017 7:55am Dec 18, 2017 7:55am
Quoting Squiggles
{quote} Sweet {image}
Well done, sir!
We Can
  • #12,554
  • Dec 18, 2017 7:57am Dec 18, 2017 7:57am
[quote=Squiggles;10596769][quote=KingOSwing big up ya pussy[/quote]

We Can
  • #12,555
  • Dec 18, 2017 8:03am Dec 18, 2017 8:03am
Quoting MoneyFocus
I don't see Usd/Cad as bullish yet. This pair tends to swing wildly both sides, so this recovery and upwards move doesn't have me convinced just yet. Kindly note I have no position on Usd/Cad nor does the above count as an analysis. Just...a quick note.
Haha, your note has been noted Thanks!
  • #12,556
  • Dec 18, 2017 12:57pm Dec 18, 2017 12:57pm
Short usd/cad 1.2867
  • #12,557
  • Dec 18, 2017 1:47pm Dec 18, 2017 1:47pm
Quoting OhComeOn
What a GREAT DAY!! closed long and opened Short from 1.28772.
Closed Short at 1.28434 this morning, and entered a new Short @ 1.28746.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #12,558
  • Dec 18, 2017 1:55pm Dec 18, 2017 1:55pm
No matter the analyses bullish or bearish, all my analyses on this pair at the moment is based on the monthly Pin bar. Nothing, absolutely nothing has invalided the setup on the monthly.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #12,559
  • Dec 18, 2017 1:57pm Dec 18, 2017 1:57pm
Even on the daily, getting in now bears/bulls has no clear entry point
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #12,560
  • Dec 19, 2017 8:49am Dec 19, 2017 8:49am
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.
Starting to move now. I was suspecting I had wrong premise yesterday but it is moving now, albeit rather slow. But most of the movers are on holiday already so now we watch and see what the movers still around are going to do. Will it be a straight shot at the stops or a dodgy "Shake and Bake"?

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Ecclesiastes 1:9
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