Attachments: USD/CAD

USD/CAD

#12,661
Jan 14, 2018 4:56am Jan 14, 2018 4:56am

arigoldman
| Joined Oct 2014 | Status: Trader | 915 Posts

Good to enter long now imo.

#12,662
Jan 14, 2018 5:08am Jan 14, 2018 5:08am

4for4
| Joined Apr 2017 | Status: 38737526 / 29052019 | 1,245 Posts

Sideline for now ... A close below 1.2412 is a confirmation of a downtrend ...

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Market is not random but unpredictable

#12,663
Jan 14, 2018 6:11pm Jan 14, 2018 6:11pm

csc2009
| Joined Apr 2014 | Status: Trader | 1,049 Posts

Resistance can be seen at 1.2500 and 1.2590, possible correction movement might take chance below the resistance level.

#12,664
Jan 15, 2018 5:10am Jan 15, 2018 5:10am

MrPresident
Joined Apr 2017 | Status: trying to make money | 3,341 Posts

i'm going to open two pending orders 1 minute before the interest rate decision this week, a sell and buy order

both positions will be like 15 pips from the market price with a small stop and the take profit will be 0 to let it ride the tsunami wave

if there is no rate hike, then the pair can go to 1.27

if there is a hike, then it can go to 1.20

Don't Worry Be Happy

#12,665
Jan 16, 2018 10:43pm Jan 16, 2018 10:43pm

micho
Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts

my long USDCAD target 1.254x

When life gives you lemons, make lemonade

#12,666
Jan 16, 2018 11:44pm Jan 16, 2018 11:44pm

9jatrader
Joined Mar 2016 | Status: Trader | 6,328 Posts

Quoting micho

Disliked

my long USDCAD target 1.254x

Ignored

It has already built consolidation support on the daily

Make all mistakes in demo and rain in pips in live account

9jatrader All Time Return: -45.2%

#12,667
Jan 17, 2018 12:38am Jan 17, 2018 12:38am

Neohau
| Joined May 2012 | Status: Trader | 79 Posts

Will we see 1.2695 today? Any thoughts?

#12,668
Jan 17, 2018 1:07am Jan 17, 2018 1:07am

micho
Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts

Quoting 9jatrader

Disliked

{quote} It has already built consolidation support on the daily

Ignored

nice trade report you got, what strategy do you use?

When life gives you lemons, make lemonade

#12,669
Jan 17, 2018 1:15am Jan 17, 2018 1:15am

RaoAtik
| Joined Nov 2017 | Status: Trader | 5 Posts

Thoughts on the BOC interest rate hike due in a few hours... what affects or swings are expected?

#12,670
Jan 17, 2018 1:19am Jan 17, 2018 1:19am

9jatrader
Joined Mar 2016 | Status: Trader | 6,328 Posts

Quoting micho

Disliked

{quote} nice trade report you got, what strategy do you use?

Ignored

Daily bollinger middle band and 4hr upper band; weekly middle band and daily upper band for long position

Make all mistakes in demo and rain in pips in live account

9jatrader All Time Return: -45.2%

#12,671
Edited 3:38am Jan 17, 2018 2:14am | Edited 3:38am

Expo33
Joined Aug 2013 | Status: Trader | 4,895 Posts

Quoting Neohau

Disliked

Will we see 1.2695 today? Any thoughts?

Ignored

um.....NO.

Average daily range over the last 20days has been about 80 pips. Not likely we will see 3 times that even though today is BOC rate statement.

Pride always comes before destruction.... -Proverbs 16:18

#12,672
Jan 17, 2018 2:39am Jan 17, 2018 2:39am

KingGeorge
| Joined May 2017 | Status: Keep On Keepin' On | 34 Posts

Quoting Expo33

Disliked

{quote} um.....NO. Average daily range over the last 20 has been about 80 pips. Not likely we will see 3 times that even though today is BOC rate statement.

Ignored

I believe well have some selling pressure. What do you think?

#12,673
Jan 17, 2018 3:00am Jan 17, 2018 3:00am

9jatrader
Joined Mar 2016 | Status: Trader | 6,328 Posts

Quoting Expo33

Disliked

{quote} um.....NO. Average daily range over the last 20 has been about 80 pips. Not likely we will see 3 times that even though today is BOC rate statement.

Ignored

Sometimes market takes different direction even with interest rate

It's easier to trade when it's in agreement with candlestick patterns

Make all mistakes in demo and rain in pips in live account

9jatrader All Time Return: -45.2%

#12,674
Jan 17, 2018 3:03am Jan 17, 2018 3:03am

DubaiFX
| Membership Revoked | Joined Aug 2007 | 1,069 Posts

Quoting 9jatrader

Disliked

{quote} It has already built consolidation support on the daily

Ignored

that is right i am with you but BOC press conference holds the key where CAD will go from here.
1.26 or 1.22
lets see..

Don't compare your Trades with Others

#12,675
Jan 17, 2018 3:07am Jan 17, 2018 3:07am

9jatrader
Joined Mar 2016 | Status: Trader | 6,328 Posts

Quoting DubaiFX

Disliked

{quote} that is right i am with you but BOC press conference holds the key where CAD will go from here. 1.26 or 1.22 lets see..

Ignored

Yea; we combine with candlestick and see how it goes. Long time. Enjoying yourself?

Make all mistakes in demo and rain in pips in live account

9jatrader All Time Return: -45.2%

#12,676
Jan 17, 2018 3:37am Jan 17, 2018 3:37am

Expo33
Joined Aug 2013 | Status: Trader | 4,895 Posts

Quoting KingGeorge

Disliked

{quote} I believe well have some selling pressure. What do you think?

Ignored

I have no idea where price will go. Regardless of what happens with the BOC decision, I just don't think a 200+ pip move is realistic in 24 hours. That's all I was trying to say in regards to the original poster's question.

Longer term I am still bullish UCAD with 1.265 area being the first potential TP zone

Pride always comes before destruction.... -Proverbs 16:18