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  • #12,861
  • Edited 3:08am Apr 10, 2018 12:25am | Edited 3:08am
Quoting Expo33
{quote} And just to emphasize why I would NEVER pay for any of the services you mention or follow any trade suggested by the likes of JP Morgan or anyone else. Sorry to post a UJ chart in the UCAD thread but you posted in your thread on March 29th how JP Morgan suggested buying UJ at the days highs of 106.85. I think they had a SL at 105.2 and a TP at 110. And that's great, the trade survived a 120 pip fall basically right after their wonderful advice. NO problem if your trading multi million dollar accounts and planning on holding for weeks or...
Lol I do not trade moves based on what banks say, but I will share them so people can compare and contrast the moves.

Yesterday Barclays said go short eur/usd and I knew that trade was complete nonsense.

I look at other trades and ask myself is that doable.

JP morgan were shouting out go long usd/jpy last week or so. I did not think it was a good trade based on all the risk off sentiment we had been getting but usd/jpy has been a good long bet. I did though appreciate cad/jpy based on my own analysis.

Right now I am

Long GBP/USD

Short USD/CAD & AUD/CAD hoping NAFTA will drive the pairs down this weekend or sometime next week.

You are a good trader Expo but you're too scientific with your approach I feel but it seems to work for you.

That chart you showed for JP saying buy here almost had me rolling over LOOOOOOOOL and yes I did share it but it is in profit so hey!!
  • #12,862
  • Apr 10, 2018 7:02am Apr 10, 2018 7:02am
Quoting Samson85
{quote} Lol as I said the selling started when it hit the R1 pivot as it was not news worth holding gains for hence the taking profit. All USD pairs were effected that morning based on the china news. I saw the event happen in real life time and heard it via squawk. You're over complicating the moves with your analysis. Once the trade war is officially over then will see more strength in commodity pairs. I agree with your chart but where you said there was no news that was profit taking mate hence the downside. Paying for a service that delivers...
LOL, profit taking. Yea they are taking profits by selling off 70 pips when the overall move has been down. Stick you your fundamental thread. You're not making much sense at all.
Pride always comes before destruction.... -Proverbs 16:18
  • #12,863
  • Apr 10, 2018 7:05am Apr 10, 2018 7:05am
Quoting Samson85
{quote} Lol I do not trade moves based on what banks say, but I will share them so people can compare and contrast the moves. Yesterday Barclays said go short eur/usd and I knew that trade was complete nonsense. I look at other trades and ask myself is that doable. JP morgan were shouting out go long usd/jpy last week or so. I did not think it was a good trade based on all the risk off sentiment we had been getting but usd/jpy has been a good long bet. I did though appreciate cad/jpy based on my own analysis. Right now I am Long GBP/USD Short USD/CAD...
And no it wasn't likely profit for any newbs that took that great advice to buy at 106.85 only to watch their trade immediately plummet 120 pips.

Not likely UCAD will be able to break through strong technical resistance at 1.26. OIL/DOW up up up. Positive China capitulation rhetoric. Possible NAFTA deal. ALL CAD positive which explains why this had no good affect for UCAD bulls for now.
Attached Image (click to enlarge)
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Of course, I don't need to pay for any service to tell me that. The market will cool off, oil too, the trade talk hysteria will die down and ultimately the path of least resistance will be up.
Pride always comes before destruction.... -Proverbs 16:18
  • #12,864
  • Apr 10, 2018 7:07am Apr 10, 2018 7:07am
Quoting Expo33
{quote} LOL, profit taking. Yea they are taking profits by selling off 70 pips when the overall move has been down. Stick you your fundamental thread. You're not making much sense at all.
Clearly you know part of the downside was profit taking.

Every time price moves up or down is not always due to selling or buying. It can be due to profit taking, stop triggered and options expired.

You didn't even have a reason for it on your chart lol.
  • #12,865
  • Edited 7:43am Apr 10, 2018 7:32am | Edited 7:43am
Quoting Samson85
{quote} Clearly you know part of the downside was profit taking. Every time price moves up or down is not always due to selling or buying. It can be due to profit taking, stop triggered and options expired. You didn't even have a reason for it on your chart lol.
Try reading. As I stated in advance AND put on the chart. OIL/DOW RISING = UCAD FALLING.

You are making ZERO sense. The selling was and is just a continuation of the overall move down. Here, I tried to simplify it for you.
Attached Image (click to enlarge)
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With all due respect. I don't think you understand fundamentals or technicals. Maybe you should stop paying for all these services and learn how markets/price action work.

But best off luck to you. I don't think I can teach a blind man to paint sooooo.......
Pride always comes before destruction.... -Proverbs 16:18
  • #12,866
  • Apr 10, 2018 7:45am Apr 10, 2018 7:45am
Getting long here at 1.2612.
Pride always comes before destruction.... -Proverbs 16:18
  • #12,867
  • Apr 10, 2018 8:02am Apr 10, 2018 8:02am
I, also am long USDCAD 1.2627 by reason of price dipping into a weekly demand zone.
  • #12,868
  • Apr 10, 2018 8:25am Apr 10, 2018 8:25am
Stop-losses all gobbled up for now and the hungry bears are fed and will hibernate for now.
Time to go long.
BUY: USD/CAD 1.2612
TARGET 1=1.2642.
TARGET 2= 1.2675
It's a big game.
  • #12,869
  • Apr 10, 2018 8:30am Apr 10, 2018 8:30am
Quoting madhatter252
I, also am long USDCAD 1.2627 by reason of price dipping into a weekly demand zone.
Good luck.

Oil up 5% in 2 days and flying high BUT now running into supply. A little sell off would be helpful for us. DOW up 500 points as well. Patience here and may we be rewarded as the week progresses.
Attached Image (click to enlarge)
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Pride always comes before destruction.... -Proverbs 16:18
  • #12,870
  • Apr 10, 2018 9:09am Apr 10, 2018 9:09am
Quoting Expo33
{quote} Try reading. As I stated in advance AND put on the chart. OIL/DOW RISING = UCAD FALLING. You are making ZERO sense. The selling was and is just a continuation of the overall move down. Here, I tried to simplify it for you. {image} With all due respect. I don't think you understand fundamentals or technicals. Maybe you should stop paying for all these services and learn how markets/price action work. But best off luck to you. I don't think I can teach a blind man to paint sooooo.......
Loool nobody has said that oil isn't a factor so what are you talking about.

You're just trying to be right and you're only partly right. I heard the squawk about the Chinese news and I saw the buying and I saw the profit taking at r1 lol. Why is this even a debate.
  • #12,871
  • Apr 10, 2018 11:59am Apr 10, 2018 11:59am
Quoting Beyfor
We maintain the same bearish outlook. The possible head & shoulders on 240m chart is supportive {image} {image} {image}
The market is performing exactly as expected

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  • #12,872
  • Apr 10, 2018 4:37pm Apr 10, 2018 4:37pm
I think we are due for a pullback.
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  • #12,873
  • Apr 10, 2018 4:58pm Apr 10, 2018 4:58pm
Quoting madhatter
I think we are due for a pullback.{image}

When nafta is complete it's going to tank more but it will be interesting to see if traders hold their gains as BOC data numbers are currently good that being cpi and employment so traders may hold their gains in anticipation of a hike but this all depends on how things go with the trade war. Oil is doing Cad massive favours right now also.
  • #12,874
  • Apr 10, 2018 5:11pm Apr 10, 2018 5:11pm
Depending on the US CPI readings tomorrow, this pair may go up quickly at least to 1.2820. Until then, it'll be more or less ranging throughout the night. Like Expo33 (whom I'm peevish about on other things) said, the least path of resistance will be up when you consider facts about oil getting ahead of itself, NAFTA news simmering down, other positive CAD news having used up their momentum, etc.
  • #12,875
  • Apr 10, 2018 5:26pm Apr 10, 2018 5:26pm
Very good drop on the USDCAD below the 1.2600 level. The pair may continue lower towards the 1.2449 level.
  • #12,876
  • Apr 10, 2018 5:29pm Apr 10, 2018 5:29pm
Quoting madhatter
I think we are due for a pullback.{image}
Well, if you're thinking, that's good enough for me, so let's buy USDCHF and USDJPY also

And if USD is strong, then can sell AUDUSD, EURUSD, GBPUSD and NZDUSD...

At least, I think so .....
It takes a lot for me to IGNORE you, but you can try.
  • #12,877
  • Apr 10, 2018 5:32pm Apr 10, 2018 5:32pm
Quoting trademark
Very good drop on the USDCAD below the 1.2600 level. The pair may continue lower towards the 1.2449 level.
You don't like round numbers?

Check out the book The Quarters Theory, Chapter 5



Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #12,878
  • Apr 10, 2018 5:40pm Apr 10, 2018 5:40pm
Quoting raklian
Depending on the US CPI readings tomorrow, this pair may go up quickly at least to 1.2820. Until then, it'll be more or less ranging throughout the night. Like Expo33 (whom I'm peevish about on other things) said, the least path of resistance will be up when you consider facts about oil getting ahead of itself, NAFTA news simmering down, other positive CAD news having used up their momentum, etc.
Lol peevish. Perfectly said

Also very good to have someone challenge your findings as it will lead to better results
  • #12,879
  • Apr 10, 2018 5:47pm Apr 10, 2018 5:47pm
Quoting Samson85
{quote} Loool nobody has said that oil isn't a factor so what are you talking about. You're just trying to be right and you're only partly right. I heard the squawk about the Chinese news and I saw the buying and I saw the profit taking at r1 lol. Why is this even a debate.
No insight just a broken record regurgitating nonsense. NAFTA deal is likely a foregone conclusion and already priced in. An actual agreement on paper will just be an opportunity for smart money to accumulate dumb money. Just like the "big" Chinese news you got on squawkerville that resulted in a massive 30-40 pip move. The bias was already down. Smart money just adding to their positions. Dumb money buying because someone squawked. Comical.

Your the guy who posts expert recommendations from institutions then in hindsight says, "yea, I knew that was a bad recommendation". SMH

Please stick to your 100% fundamental thread, there may actually be new traders who buy into the nonsense.
Pride always comes before destruction.... -Proverbs 16:18
  • #12,880
  • Apr 10, 2018 5:53pm Apr 10, 2018 5:53pm
I believe the pullback
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